NIfty Outlook and Stock Call (friday 3 july 2009)

Nifty:
cmp 4348
short at cmp till 4400(sell on rise),3 rd wave is coming soon,a sharp fall is expected.
keep a closing basis sl of 4450.
tgt for nifty in next one week is 4000 and 3800.

People who want to trade safe buy a 4200 or 4300 put.

Stock Call

GTL inf: cmp 39.55,sell at cmp till 40.5,sl 42.5,tgt 35-32.5(can take covered put also)

RPL: cmp 125.5,sell at cmp till 127 sl 131 tgt 115(can take covered put also)

Bata : cmp 151.25 , sell at 155-158 sl 165 tgt 130

JSW Steel: short at cmp(617.3) till 635 sl 660 tgt 520(can short naked future also)

Tata Steel: short it at 430-440 sl 455 tgt 350