Nifty Outlook and Stock Call ( 23 June 2009)

Nifty Outlook

Nifty 4200 is the medium term support,short below it for target of 3900,on the flip side buy nifty if it closes above 4350 for tgt of 4500
(4200 is the key level)
Can take covered put in nifty

Stock Call

Buy Lupin (cmp 832) at 815-810 sl 790 tgt 860-875 in couple of days(can be bought for intraday as well.Medium term support at 800

Buy Archies Ltd(cmp 76.55) at 74-73 sl 70 tgt 80-84(medium term target 120,in a month)


Buy selan exploration for intraday(cmp 197.3) at 195-192 sl 188 tgt 202-208

Sell RNRL (cmp 88.15) at cmp till 90 sl 93 tgt 82
(sell july call)

Sharp fall in banking stocks is expected(wave 3)

Sell IDBI at 106-109 sl 112 tgt 100 (cmp 105.35)
(sell 110 call at cmp 1.60-2 or 115 call at .75)

Sell sbi at cmp till 1730 sl 1760 tgt 1450 (can short for intraday as well) (can short 1900 or 1800 call)
(1740 CALL at 20 or 1770 call at 14,or jul 1800 call at 80) or buy 1710-1740 put

Sell HDFC Bank (cmp 1543) at cmp till 1560 sl 1580 tgt 1440 (can short 1600 call)

Sell KS oil (cmp 58.55) at 59-60 sl 63 tgt 54 (below 56 it will crack) can short 65 call as well
(short 60 call at 2)

Nifty Outlook and Stock Calls(15th may 2009)

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.

Nifty Outlook and Stock Calls(13 may 2009)

Nifty Outlook:

Some Heavy weights like BHEL,Reliance,LnT broke their major support line,but came back from those levels sharply,this shows market strength.This week nifty will test 3800.

One hedged strategy is:

buy Nifty Futures(1 lot) + sell sensex Future(1lot) to earn sure profit of around 2% of total capital.

Stock Calls:

Buy Bhel at 1650-1660 sl 1630 tgt 1700-1735-1765

Buy Allahabad bank above 60(cmp 59.3) sl 59 tgt 62-65 or can buy it at dip as well at 57-57.5 with tgt 60-62-65 be

Buy HDIL between 170-175 sl 167 with tgt 195,(cmp 179.95), 160 is medium term support ,be

Buy ITC for 3 days(til this friday) at around 189-190(cmp 191.9) sl 185 tgt 200, can trade for intraday as well, be

Ambuja cements:cmp 77,buy at 75-76,sl 74 tgt 82-86 , be

Sell Adlabs at 247-249 sl 251 tgt 235(cmp 243.05),be

buy Infy at 1560-1570 sl 1540 tgt 1625

Buy TCS at around 625 sl 610 tgt 660(cmp 640)

Buy HDFC bank at 1170 (cmp 1195) sl 1150 tgt 1240

Buy Bata (cmp 122.85) at 118-120 sl 115 tgt 130

Buy Maruti at around 840-850 sl 820 tgt 900 in couple of days

Buy Jindal steel and power( cmp 1629) at arnd 1580-1590 sl 1560 tgt 1650

Most of calls now a days are for intraday,unless specified. Stocks with RED are having higher probablity of success.
Happy Trading

Nifty Outlook and Stock Call

Nifty Outlook

Nifty 3300 is a good support,it is now going to test 3500,buy at cmp and on dips till 3300 target 3500-3800 in 10 days time

Stock Call

Buy Punj lyod at cmp sl 90 tgt 135-170 in a month(a good buy),100.5 and 92 is 50% and 38% retracement for short term high n low. Above 109 buy more

Buy Suzlon at cmp till 50,target 72 in a month.

Buy Hindalco around 54-55 tgt 62 in a week

Power Grid is a safe bet, buy at cmp sl 95 tgt 120,can take covered call for it as well

buy Videocon at 112-114 sl 105 target 130-165,can buy for intraday as well for 3-4 % gain

buy HDFC Bank at around 1060 sl 1010 target 1100-1220(for intraday trades keep a sl of 1034)