Nifty Outlook and Stock Calls for 27April-09

Nifty Weekly Range

Nifty will remain bullish for the week.Nifty range is 3400-3650.3511 is the immediate resistance and breaking that it will move to 3650-3800.On the downside 3400 is the key support level,if nifty goes below that then 3300 and 3150(chances of that happening are less)

Stock Calls
RNRL cmp(61.1),buy at 58.5-60 sl 55 target 66-74


Buy Gail at (cmp 251.55) around 245-250,very good support at 225-230 target 285-320-350


Ranbaxy,buy at around 170 (cmp 175.9) sl 166(closing basis) tgt 200-240


Allahabad Bank (cmp 52.1) buy at 50 sl 47.5 tgt 65


Punj lloyd,bullish,read previous posts


KS Oil buy at 47.5(cmp 48.15) sl 45 target 55-62 in a week(Can trade for intraday as well)


Clutch Auto(cmp 20.1) buy only for intraday(or for 2-3 days) at 19.5 sl 18.9 tgt 21


BOC(cmp 149.25) buy at around 145-147 sl 136 tgt 160-200 in a month time(BEev)


IRB infrastructure(cmp 100.1) buy at 96-98 with tgt 140 in a month

IDFC (CMP 75.5) sell at 77-77.5 sl 79 tgt 72(Intraday only)

Stocks marked with RED are having higher probability of success.
Happy Trading.

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