Nifty Outlook and Stock Calls(12 may 2009)

Nifty Outlook:

Nifty: Any close below yesterdays low of 3534 will trigger fresh sell off and will be reversal of the uptrend.

Stock Calls:

Punj Llyod: still good upside left.for intraday sell at 126-128 sl 132,tgt 120(cmp 121.95,as per bse),any close above 136 will make it a rocket!! be

Buy Aban ofshore for delivery at 450 tgt 520-550-580 in a month time.

LnT(cmp 963) sell at around 980-990,sl 1015,tgt 950-935,be

PNB(cmp 522),buy at around 510-515 sl 500 tgt 540(and above that it will blast(can be bought for 2-3 days as well)

HDIL(cmp 166.8),sell at 174-176 sl 180 tgt 160,be

Indiabulls Real estate(cmp 140.35),sell at around 143-145 sl 151 tgt 132,be

Welspun Gujrat(cmp 108.75) sell at around 113-114 sl 119 tgt 100,be

Indiainfoline(cmp 86.1),sell at 88-89 sl 91 tgt 82,be

Century textile:cmp 245,sell around 255 sl 265 tgt 235,be

Parsvnath Developers: cmp 48.95,sell at around 50.5-51 sl 53 tgt 46,be

trade with low volume till the picture is clear.
Happy Trading.