Nifty Outlook and Stock Call ( 23 June 2009)

Nifty Outlook

Nifty 4200 is the medium term support,short below it for target of 3900,on the flip side buy nifty if it closes above 4350 for tgt of 4500
(4200 is the key level)
Can take covered put in nifty

Stock Call

Buy Lupin (cmp 832) at 815-810 sl 790 tgt 860-875 in couple of days(can be bought for intraday as well.Medium term support at 800

Buy Archies Ltd(cmp 76.55) at 74-73 sl 70 tgt 80-84(medium term target 120,in a month)


Buy selan exploration for intraday(cmp 197.3) at 195-192 sl 188 tgt 202-208

Sell RNRL (cmp 88.15) at cmp till 90 sl 93 tgt 82
(sell july call)

Sharp fall in banking stocks is expected(wave 3)

Sell IDBI at 106-109 sl 112 tgt 100 (cmp 105.35)
(sell 110 call at cmp 1.60-2 or 115 call at .75)

Sell sbi at cmp till 1730 sl 1760 tgt 1450 (can short for intraday as well) (can short 1900 or 1800 call)
(1740 CALL at 20 or 1770 call at 14,or jul 1800 call at 80) or buy 1710-1740 put

Sell HDFC Bank (cmp 1543) at cmp till 1560 sl 1580 tgt 1440 (can short 1600 call)

Sell KS oil (cmp 58.55) at 59-60 sl 63 tgt 54 (below 56 it will crack) can short 65 call as well
(short 60 call at 2)

Medium term stock calls(21 june 2009)

Stock Picks (intra-week/fortnightly/Couple of Months)

Date	Scrip	Rec	CMP	Range	Stoploss	Target
21-06	MTNL	B	102	100-90	80	135-150
21-06	Pidilite Industry	B	112	105-90	90	150-175
21-06	RNRL	B	92	75-85	75	120
21-06	Unitech	B	81	80-70	70	120
21-06	Praj Industry	B	90	90-85	75	145-160

Nifty Outlook and Stock Call

Nifty Outlook(for 17 June 2009)

Buy NIFTY at cmp(around 4500) and on declines with sl 4400....above 4600,buy more

Stock Call

Buy DLF (at cmp and on declines till 320) for short term delivery target of 390-450-475(cmp 353)

Can buy HDFC on declines.

Nifty Outlook and Stock Call(1 june 09)

Nifty Outlook:
Nifty short term support at 4380-4400 and 4340-4300,below 4300 it will test 4100 again.Trend remains up,can buy on dips
On the upside 4500-4510 is the resistance.

Rolta: take covered call(buy 1800 shares at 116-112(buy at lower levels) and sell 120 call at 12-13 rs,or 130 call at 8 rs
it has support at around 110 and above 122 can go to 135-150 levels

Steling Bio Can be bought at cmp(137) till 132 sl 128 (closing basis) tgt 150(133-134 is immediate support)