Nifty Outlok and Stock Talk

Nifty Outlook

Nifty has taken a fresh breakout which will take it to 3600-3800 levels.Buy nifty on dips till 3400.

Stock Talk

GMR Infra cmp 111.45, buy at cmp..support at 106 and 103..should not go below that, made bullish engulfing as well, tgt 126 (EV)
(can buy 110 call at around 7-8 or can buy in cash at cmp till 105)


SELL MTNL 70 PUT AT .85-1 RS TGT 0 BY expiry,MTNL should not go below 70

Cummins india: cmp199.good support exist at 190,buy on dips at around 195-199,closing above 203 will take it to 230 in no time

Reliance Power has taken a fresh breakout,buy around 125(cmp 129) with target 150,strong support at 122-125
or sell 120 reliance power put at around 4(cmp 3) target 0

Indiabulls Securities(cmp 27.15) buy at cmp till 124 target 40( has broken resistance line at 25)


Bharti Airtel,as said in yesterdays letter has taken a breakout and is also making bullish engulfing pattern.Buy around 670,sl 650(very strong support) target 720 in a week,can buy for intraday as well for 20-30 points
Can Buy 680 call at 25-28 with target 45 within a week ,or buy 700 call at 18 with target 30


Buy Ranbaxy at cmp (200) sl 175 target 227-255,if it goes n close above 203 buy more,it will hit the target very soon(a fresh breakout will occur closing above 203).
buy 190 ( cmp 16) or 200(cmp 10) call or short 180 put at cmp(3) target 0

HDFC cmp 1770,buy around 1730-1750,sl 1690 target 1950,good for intraday traders as well to gain 30-40 points
(EV)

SCI (ltp 97.35) buy at around 92-94 with target of 115 within a month,it should not come below 90 in short term.

Stock marked with RED color are having very high probability of success.

Happy Trading.