As mentioned last week, nifty tumbled by 200 - 250 odd points.. Hope you all have minted money by buying nifty puts..

Market will bounce back in this week.. Nifty to shoot up by 100-150 points. One can buy Nifty June 4300 CA for Intraday on Monday.

Note: Please do not buy any stock option calls of June expiry. Only 4 days left for expiry and price detoriation for out of the money calls will be very fast.
When ever we are near the expiry, please do not take any positions in out of the money calls.
Start buying July stock specific calls..

Few calls for short term investment
1) Country club - Target 60
2) Opto circuits - Results are excellent.. One can buy it at this level for good appreciation in short term.
3) Manappuram finance [531213] tgt 400 in 3 month cmp 268
4) Zee newz - Target 50

Calls for Long term investment [Target : More then 100 percent expected]
1) Assam company
2) United spirits

Continue to hold all the scripts recommended previously.. Many of those stocks have already appreciated. Good spurt in those scripts expected.

BUDGET PICKS
1) Kalindee Rail [Mentioned before]
2) DISH TV - Target 64
3) Texmaco

Weekly calls for week starting 22 June 2009:

1. Buy IDBI for short term. Target 127 -150
   
2. Buy Bajaj Hind. CMP 214 SL 209 Target 221 - 236
3. Buy Educomp CMP 3062 SL 2995 Target 3138 - 3260
4. Buy Rel Infra CMP 1262 SL 1230 Target 1292 - 1340
5. Buy Suzlon CMP 111 SL 104 Target 117 - 126
6. Buy Indusind Bank CMP 83 SL 80 Target 88 - 100

Sure short: Suzlon, IndusInd, IDBI and Educomp