PUNTERS TIPS2 FEB 2012-INDIAN STOCK MARKET BULLISH AND BEARISH STOCKS

• Nifty continued the up momentum and closed at 5235 nearing to the litmus zone. 
• So today the first resistance for nifty is at 5258-63 level. Next resistance ranges are at 5283-88,5321-26,5345-50,5389-94,5430-35 levels.
•  On downside first support is at 5207-02 level. Next supports are at 5188-85,5163-59,5147-45,5130-25,5108-05,5068-63,5049-45,5007-02,4990-85, 4963-60,4950-47,4907-02, 4872-68,4863-59,4842-38,4812-07 level.
• Nifty in track once again now the test is for 5258-63 level if nifty hold above this level thumbs up for bulls and on downside intra support exist up to 5185 level.If nifty is below this level be alert and hold no long below that level.

Jindal Steel & Power Ltd: STRONG BUY

2nd Resistance Point 602.333

1st Resistance Point 589.217

Last Price   576.100

1st Support Level 552.467

2nd Support Level 528.833

Hindalco Industries Ltd:STRONG BUY

2nd Resistance Point 159.900

1st Resistance Point 156.550

Last Price   153.200

1st Support Level 147.100

2nd Support Level 141.000

IDFC:STRONG BUY

2nd Resistance Point 143.617

1st Resistance Point 140.783

Last Price   137.950

1st Support Level 133.233

2nd Support Level 128.517

Sesa Goa Ltd:STRONG BUY

2nd Resistance Point 231.333

1st Resistance Point 226.667

Last Price   222.000

1st Support Level 214.167

2nd Support Level 206.333

MRF:STRONG BUY

2nd Resistance Point 8640.066

1st Resistance Point 8460.134

Last Price   8280.200

1st Support Level 7990.133

2nd Support Level 7700.067

The State Trading Corpn:Strong Buy

2nd Resistance Point 308.667

1st Resistance Point 300.833

Last Price   293.000

1st Support Level 279.133

2nd Support Level 265.267