Nifty:
Now 3534 is the major zone.Any close below will trigger fresh sell-off.We can expect new range in the next week, as the election results will come and chances are nifty will go to around 3300.
Stock Calls
Buy BPCL(cmp 365) at 362-363 , sl 358(positional traders keep a sl of 346) tgt 400-440 in a month (small resistance exist at 370-375)
Buy IOC at 425-428 (cmp 434) tgt 450-480,sl 415
Buy Chambel Fertilizer at cmp(47.75) till 46 sl 44.5 tgt 50-54-57 in a month( Short its 40 put at cmp .7)
Buy Indiabulls Securities ar 28-29(cmp 29.55) sl 27 tgt 32-38
Buy Hotel Leela at around 22(cmp 22.6) sl 21 tgt 25
Buy GE shippling if it closes above 250(long term resistance) for tgt 340
Buy Patel Engg with sl below 195(close) tgt 290 in 3 months
HDFC Bank 1125-1150 is very strong support(cmp 1163) can buy on dips
Buy ITC with sl below 185(closing basis) tgt 200 in 15 days,below 185 it will go to 170
Buy Punj Lloyd at cmp till 125 sl 115 tgt 160 in 15 days.(In the next 2 days it may blast)
Happy Trading.
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