Nifty Outlook (26 may 2009)

Nifty Outlook:

Buy Nifty on declines sl 4150 tgt 4500 in 15 days. Market may remain volatile as the expiry is near. 4304-4320 is

near term resistance.Book partial profits in nifty at around 4300 and hold rest of your position.

Stock Calls

IBN18(cmp 125.95) buy at 122-124 sl 118( closing basis),tgt 155 in a month

REI AGRO buy at 75.45 tgt 110 in a month

Buy Essar oil in small quantity(any clsoe above 182,then will blast)

Satyam Computer(cmp 54.35) buy in dips sl 50 tgt 62 in a week(52.5 is a good support)

Buy Praj Industry( look previous post for detail)

For F n O trade

Hul(50k): cmp 233.05, buy at 232 sl 229 tgt 235

Dabur(70k): cmp 114.75,buy at around 112 sl 109 tgt 118

Tata Tea(80k)(699) buy at around 680-670 sl 660

Happy Trading!!

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