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Nifty strong only above 5405
Reliance Ind might see strong interest after the company agreed to pay $1.7 billion to form a joint venture to buy a stake in a shale project that could hold enough natural gas to satisfy U.S. demand for a decade.Any upmove in Reliance stock from Rs 1,123.00 level might give a big boost to the Nifty.
Ballarpur Ind is one stock that is looking hot after the stock gained more than 18 percent on a volume of over 34 million shares. The stock could consolidate at the current level of Rs 38, before making a further move up to Rs 46- Rs 47 levels. BAG Films, which was recommended by us in our prior reviews is another stock that is looking technically explosive, even at Sr 28 levels.
Brandhouse Retail and Ruchi Soya are other stocks that look interesting. Our recommendation Prime Focus scaled to news highs for the year and gained more than 13 percent to settle at RS 349 level.GATI , Rolta and Essar Oil are some of the stocks to watch out from 1-2 day, trading perspective.