Nifty Outlook and Stock Talk

Nifty Outlook for 23 April

Nifty may fall below 3300 after giving flat opening,wait for a good opportunity to buy nifty at around 3200 levels with 3120 as sl and target of 3500-3800

Bigshots Reliance Industry and ONGC will fall tomorrow
For Short term
ONGC Bearish
Reliance: Bearish,1750 is real resistance

Stock Calls


CHAMBAL FERTILIZER: cmp 46.55,buy at 43-45,sl 42(closing basis) target 50-56 in a month

Buy Rpower cmp at 126 target 133-145(ev:5)(Good for intraday)


Buy Ranbaxy(cmp 177) at 170-173 sl 168 target 200-227.... (can short at 182-184 for intraday if opens higher with sl 186)

If Maruti closes below 750 exit all long positions in it,has taken downside breakout

Punj llyod short 130 call

HUL, Buy at 238-240,it will go 260-285 in short time ( buy future at around 240)

Dish tv india (cmp 29.35) buy at 29 target 31.5 for intraday,sl 28(very strong support)

Aban Offshore,cmp - 453, short at around 465-470 with sl 483,target 420-360


Stock with RED color are having very high probability of success

Stock Talk

MnM short @ 475-485 sl 510 tgt 425-400,its overbought currently

Dr Reddy buy @ 500(cmp 514) sl 480(closing basis) tgt 620

India Bulls Securities: cmp 23.75, it is consolidating in a range for quite some time.25 is the main resistance.if it closes above it then 40-48 tgt very soon.so keep watching.(25 is the level to watch for)

HDFC 1875-1900 long term resistnce,can sell at those levels,sl 1950(closing level)

RPower: closing above 122 will take it to 140 levels and if it fails to break this level then will come to 105 level again.

Maruti 750 is crucial support level.840 is very strong resistance level.sell close to this level sl 850,tgt 750,if 750 is broken then 625