Nifty Outlook
Do only intraday trading in nifty futures for now.Exit all long positions if nifty closes below 3550.
Can buy nifty at 3580-3550 for intraday with sl 3530 and target 3700.
Various (Fibonacci Ratios) levels for Nifty are 3540-3608-3633-3649-3662-3675-3717
Stock Calls
Buy Power grid with sl 94(closing basis) tgt 102-110(cmp 96.35) ( can also buy for intraday)
Positional Traders buy Zee ltd at 118-120 with sl 108(for short term keep sl of 115 on closing basis) with target 140-165
Buy Suzlon at around 70-72 sl 65 tgt 90 in a month(65 very good support)
Nalco 220 is the main support area,if that break then it will go to test 200 and even lower on the upside 260 is the main resistance.
Punj Lloyd: if it closes below 120,exit all long positions,tomorrow for intraday can sell at higher levels(126-128) sl 133 tgt 122-120
Adlabs(cmp 229) sell at around 240 sl 252 tgt 210
JP Associate(cmp 137) sell at around 144-148 sl 153 tgt 120-105
Axis Bank (cmp 605) sell at around 620-625 sl 640 tgt 575-550-520
sell Kotak Mahindra Bank (cmp 524) at 440-450 sl 563 tgt 400-355
Positional traders can buy Titan Industry at aroun 780-790 with sl 750 and tgt 920-1100 in a month time
Stocks marked with RED are having high probability of success.
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