Nifty Outlook and Stock Calls(may5 2009)

Nifty View:

 Remain cautious and buy small quantity only and if getting intradays profits then take it.adopt same stategy on all stock longs.(nifty target 3800 should be achieved this week)
expect increase in volatility this month.
One nifty stategy to earn sure returns: when nifty reaches around 3800 then buy out of the money call and buy In the money put,will update with exact values as it comes.
Another hedged stategy is to sell sensex mini and buy nifty mini to gain around 2-3% of total capital.

Stock Calls :

PUNJ lloyd, can buy on cmp and on declines with target 136(and if it closes above 136 then 170-175 very soon) 

Buy Gail on dips,at around 250(cmp 258) with stoploss 240 and target 300+ 

Buy RNRL for target 65 

Buy KS oil at cmp target 50+ this week 

Buy BOC india at 140-142 sl 136 target 152-160 

Buy dish tv on dips

Buy Hindalco at cmp for target 65-72 this week  

short Sun tv for intraday (cmp 195) at 197-198 sl 203 tgt 190-186  

keep an eye on power grid for intraday buy

All the calls are continuation of previous posts.If you have taken the position,start off-loading it slowly to protect your profits.
All the calls with RED are having higher probability of success.

Happy Trading.

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