Nifty Outlook and Stock Calls( 25 may 2009)

Nifty Outlook

Buy Nifty above 4250 for target 4300 and if it closes above 4320 then hold your long position for target of 4500.
(strong resistance exist at 4304-4320)
Expect a flat to positive opening in the morning and nifty is expected to test 4300-4320 levels,then a little bit of correction and after that we will either close flat or may go above 4320.

Nifty Should remain in the range 4200-4500 for the week.

Stock Calls

Buy Satyam Computer services for short term delivery target of 62-65(cmp 53.55)

Buy Biocon at 172-175 target of 190.

Buy LITL for intraday at 345 target 360-365

Buy Praj industry (cmp 106) at cmp till 90 with target of 130-155 in a month(has taken a fresh break-out) ( Buy this stock or you will be disappointed for not buying it)

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