Nifty Outlook and Stock Calls(6 may 2009)

Nifty Outlook

Nifty Outlook remains positive with 3600 as a good support.But avoid taking long positional positions, do only intraday in Nifty for now,big fall expected from next week.


Stock Calls


NTPC
: Short for intraday(cmp 191) at 193-195 sl 198 target 186,People who can take futures position can take positional short with 205 sl and target 178-170(keep a trailing stop loss) be

Buy Rolta in small quantity at 82 with sl 72 and target 98-120 in a month(short term trader keep sl of 78)

Patni Computers(cmp 163) short at 166-168 sl 175 target 155-148 be

Patel Engg:(cmp 189) buy at cmp with target 250,buy aggressively if it closes above 200

Buy Gujrat Alkali at 82-84 taget 100-122 in a month

Buy Indusand Bank at 42-43 target 50 in a month

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