Stock market & bullion on 03 June 2011

03 JUN 2011

HIGHLY VOLATILE & WEAK BUT NEXT WEEK GOOD FOR BULLS. NIFTY OVER 5555-5570-5590..BELOW 5550-5530-5512 VERY BELOW 5512-5490 TGT 5450 AND BELOW… BANK NIFTY BELOW 10800-10700-10650 AND BELOW OVER 10800-10880-10920..

TODAY STOCKS

BUY: RIL S/L 951 TGT 968-972-975 BUT SELL RIL @975-980 WITH S/L 986 TGT 965-952, R COM S/L 88.50 TGT 94-96-98, REL INFRA S/L 5549 TGT 575-585, REL CAP S/L 508 TGT 535-545-560.., SCI S/L 105 TGT 109-110, LIC HOUSING S/L 328 TGT 334-339, SONAT SOFT S/L 40 TGT 44-45, REL POWER, TTML, KSOIL, COAL INDIA, IOC, HPCL….

SELL: SUN TV, GMR INFRA, SHOBHA DEV., ICICI BANK S/L 1065, TATA MOTOR S/L 1060, TATA STEEL S/L 580, YES BANK, KOTAK BANK, SUN TV….

BULLION: TODAY HEAVY VOLATILTY IN SILVER-GOLD BUT SOME BOUNCE BACK FROM 16.15 HRS. TO 20. 00 HRS. AFTER 20.00 HRS. AGAIN BEARISH. SILVER BELOW 55300-54200-53800-53500 AND BELOW, GOLD BELOW 22580-22440-22380 AND BELOW, CRUDE BELOW 4541-44480-4450 AND BELOW, COPPER OVER 402 TGT 409-420-424 IN NEXT WEEK.