Technical Calls 03 August 2009

860 STOP LOSS BUY RIL CAP ABOVE 920 TARGET 1100
87 STOP LOSS BUY UNITECH 507878 94.5 TARGET 114
140 NEAR STOP 125 INV STOP LOSSS BUY BHARTI SHIPP YARED 532609 ABOVE 162 TARGET 220
2986 ABOVE BUY JINDAL STEEL 532286 TARGET 3019-3060----3125
15637-15569 On Monday 15637-15569 will be buy area.
Strong markets will not break 15611.
15950- 16500-17000-17500 Above 15637 Sensex could test 15732 ( Friday `s high ). Further it could open for 15950- 16500-17000-17500
15407-15310-15154-14599-14341-13926. Sensex has support at 15449 ( Friday `s low ).
Below that we open for 15407-15310-15154-14599-14341-13926.

4631-4610 On Monday 4631-4610 will be buy area.
Strong Markets will not break 4623 .
4693-4750-4800. Above 4631 Nifty could test 4669 ( Friday`s high ).Further it could open for 4693-4750-4800.
4545-4499-4337-4259-4133. Nifty has support at 4571 ( Friday`s low ).Below it could open 4545-4499-4337-4259-4133.

ABB (500002) CMP (Rs 699); BUY for target of 748 with stop loss of 681.
L&T (500510) CMP (Rs 1506); BUY for target of 1644 with stop loss of 1454.
NALCO (532234) CMP (Rs 308); BUY for target of 338 with stop loss of 296.
ONGC (500312) CMP (Rs 1164); BUY for target of 1263 with stop loss of 1125.
RANBAXY (500359) CMP (Rs 280); BUY for target of 347 with stop loss of 272.
RIL CAPITAL (500111) CMP (Rs 883); BUY for mid-term target of 1109 with stop loss of 865
RELIANCE (500325) CMP (Rs 1957); BUY Buy for target of 2062 with stop loss of 1916. (If it closes & sustain above 2073 then mid-term possible target price comes to 2265.)
SBI (500112) CMP (Rs 1814); BUY for target of 2070 with stop loss of 1740.