Nifty Outlook and Stock Calls (11 may 2009)

Nifty Outlook:

Nifty: buy on dips with sl 3550 target 3700.This week nifty is expected to go close to 3800,and thats the time to sell for tgt of 3300!!(This is the last week for nifty to go up before coming down sharply, exit most of your long position)
intraday nifty levels:
3502-3582-3612-3631-3646-3661-3711-3790(Fibonacci Levels)

Stock Calls:

Educomp Solutions:buy on dips for intraday(cmp 2317) at around 2280-2290 sl 2235 target 2360-2420(be)

Sell Bhel(cmp 1646) at around 1660-1670 sl 1692 and if it remains below 1650 then expect a big fall in couple of weeks time
(can trade for intraday as well)(Positional traders keep a sl of 1725),technically it should not close/go above 1692-1700

Reliance Industry(cmp 1900).good support exist at 1850(medium term support),buy on dips at around 1860-1875-1885,sl 1850 tgt 1945-1980

Reliance Infrastructure(cmp 768),sell at around 790-800 sl 832 for tgt 720 and breaking that 600(can be traded for intraday as well as positional)

Buy and hold NDTV(cmp 113) at cmp till 105 and tgt 135-160,sl 98(closing basis)

Buy and Hold Balrampur Chini(cmp 77.25) at cmp till 72 sl 66 tgt 90-105 in a weeks time

Sell Rcom (cmp 229) at around 238,sl 244 tgt 220,positional trader can continue to hold with sl 244 and tgt 210-180,closing above 250 it will become very bullish and will tgt 300 in no time(be)

Sell Siemens at 340(cmp 335.35) sl 345 tgt 325(medium term is still up)be

Sell RNRL(cmp 60)at 61.5-62 only for intraday with sl 62.5(be)

Sell Idea(cmp 59) short at around 60-60.5 , sl 61.5 tgt 57.5(intraday be),57-57.5 is medium term support

Sell Wipro at around 370 (cmp 355) sl 385 and trail

Sell Idfc(cmp 85.85) at around 87-88 sl 90 tgt 82-77-70

Sell Rel. Capital(cmp 575) at around 590-595 sl 605(and positional traders with sl 625) tgt 550

BoB(cmp 321) positional traders sell at around 325-330 sl 340(closing basis) tgt 260

Watch Previous posts as well,some of them are still very good to execute

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

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