NIfty Outlook and Stock Calls

NIfty Outlook

Short Nifty with closing basis sl of 4165 tgt 3650




Stock Outlook

Lupin: short it at cmp (809) and closing below 800 and its tgt will be 710(for safe trade wait till its close below 800)(can short on rise as well at 825-830 with sl 861 on closing basis)
(classical pattern,sure sell)

LnT: any close below 1400 and the tgt will be 1200


DLF: sell at cmp (283) sl of 290(closing basis) tgt 180

RNRL: sell RNRL (cmp 76.8) on rise till 80 sl 85 on closing basis tgt 60


keep an eye on videocon

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)