STOCK TIPS PROVIDER- 17-06-2011

Script	C/F	Position	Level	Targets	SL	Follow Up
INDIAN OVERSEASE BANK	CASH	BUY	148	Tg1- 150 Tg2- 153	144.70	2nd Target achieved
TATA STEEL	CASH	SELL	551	Tg1- 547 Tg2- 542	557.45	Not executed
GRASIM	CASH	SELL	2142	Tg1- 2130  Tg2-2110	2165.45	2nd Target achieved
HINDUSTAN UNI LIVER	CASH	BUY	324	Tg1- 327  Tg2-332	319.65	Near to Our 1st Target
RELIANCE INDUSTRIES	CASH	SELL	884	Tg1- 877  Tg2-868	895.45	2nd Target achieved
IDFC	CASH	SELL	CMP	Tg1- 119  Tg2-117.25	122.25	1st Target Achieved

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Nifty Spot Levels : 17 june 11

Sensex and Nifty sinks on rate hike and negative europeon cues. The Sensex fell 146.36 points to close at 17,985.88   and the Nifty stood at 5,396.75, down by -50.75  points. 

RBI hiked interest rates by 25bps today for the 10th time in 16 months as it struggles to tackle the rising inflation.  These rates are increased to tame the increased inflation in the market. Rates sensitive shares are expected to be on selling pressure. The May inflation rate stood at 9.06%.

 

In upcoming trading session there is higher possibility that nifty spot manages between narrow range of   5360 -  5415 and if it breaks the level  5360 then it would be go down and next support would be  5310 and if it breaks the level 5415 then would go higher and next resistance would be  5455 i.e nifty would vary between broad range of  5310- 5455.

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