Nifty Outlook and Stock Calls(08 may 2009)

Nifty Outlook

Buy Nifty at around 3625 sl 3600 tgt 3680-3720-3750,Nifty has very strong support at 3500

Stock Calls

NTPC(cmp 192),short around 194-195 with sl 198 and target 190 and if the volume remain high(around 10m) then hold your shorts for next day.

Short Infosys for intraday at 1565-1570 sl 1590 tgt 1515

Short Grasim Industry for intraday at around 1785-1790 sl 1820 tgt 1740(Positional trades can also be made in this with sl of 1850 and tgt of 1650

Punj lloyd range 132-122( any close above these levels adnu can expect significant movement)
exit ur longs if it closes below 122

Read previous posts as well for some more executable trades.(But start booking profits by selling some quantity of ur stocks)

User Querry:

Educom Solutions:2700 is the very strong resistance and 2200 is the key support level.(cmp is 2264),if it closes below 2200 then it will crash(and chances of that happening are high!) and come down to 1900 levels in no time but it manages to stay above 2200 then you can ride this range(2200-2700)

Happy Trading

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