Nifty views for 16 July 2009

Sorry Guys... I am back. Actually had some assignments with stringent time lines and hence could not post any recommendations in last few days.

As per my previous view on nifty, nifty has mad a move exactly as i had mentioned. For tomorrow, nifty looks quiet bullish and all global markets are closed with 2-3% gains which will add fuel on upside..

Target for Nifty: 3430-3450. If nifty crosses 4260, then in no time it will kiss 4340 which I am expecting tomorrow.

Option traders: One can buy 4400 CE @ 55 and Target 100-110.

In last few days, I have bought Punj Llyod(190), MRPL, Sesa Goa (186), Suzlon (78-80), Opto circuit (140), JP Associates (180), Walchand Ind (180), Jai Corp and GMR Infra (131) in my investment account. One can do their own study and invest in any of the above mentioned scripts for good appreciation in short to medium term.

Enjoy and Happy trading day!

Nifty Views

Guys don't panic at all.... One can buy Nifty future or call @ 4156 and on every dips.. buy at 4114 / 4048 / 3992 Target 4274 and 4324++

Few delivery scripts one can buy for good gains in short term:
1) LIC housing finance Target 860 -1100
2) Mundra port - Target 670

Happy trading day!

Intraday calls for 6 July 2009

• Buy Educomp 4463 SL 4356 Tgt 4566-4717
• Buy IDFC 144 SL 141 Tgt 154-163 [1-3 days positional]
• Buy LiC Housing 652 SL 642 Tgt 668-689
• Buy Nagarjuna fertilizer Fert 42 SL 40 Tgt 46-50
• Buy Patel Eng 466 SL 458 Tgt 480-500 [2-3 days positional call]
• Buy SBI 1809 SL 1775 Tgt 1843-1898
• Buy HPCL 331 SL 325 Tgt 339-348
• Buy BPCL 459 SL 450 Tgt 473-484
• Buy Alok Ind 23 SL 22 Tgt 25-27
• Buy Ongc 1136 SL 1124 Tgt 1158-1187
• Buy Gail 316 SL 304 Tgt 323-330

Weekly call performance for week starting 29June09

All the weekly stocks recommended last week was on fire even in volatile market.

It was advised here last week that Nifty will move up during the day of the budget and yesterday market was on fire.. Hope people have made a good profits in nifty 4800 calls which was advised last week around 42-48 which closed at 75 Rs..

It was advised on Thursday to start booking profits and see what happened yesterday. All railway stocks were down by 4-5%

Weekly performance of last week

STOCK	Reco. Price	Tgt	Reached	Lot Size	Profit
Buy Axis Bank	818	879	900	450	Rs.36,900
Buy Financial Tech	1378	1510	1398	150	Rs.93,000
Buy BEML	905	1025	1153	375	Rs.10,000
Buy L&T	1610	1650	1660	200	Rs.48,600
Buy Infosys	1827	1920	2070	200	Rs.28,600
Buy BPCL	421	450	473	550	Rs.3,000

Positional picks for week starting 6 July 2009
For coming week, I expect a budget rally to continue.. Nifty heading towards 4800 - 5000 levels. Nifty would open with huge GAP of 80++ points on Monday..

Note: If budget is not as per expectation, then you might see some profit booking up to 4000 levels..

Sure shot: Buy Jet Airways for good upmove of 20-30 rupees on Monday & Tuesday

1) Buy SBI @ 1809 SL 1775 Target 1843, 1898
2) Buy LIC Hsg. @ 653 SL 642 Target 668, 689
3) Buy Nag Fert. @42 SL 40 Target 46, 52
4) Buy IDFC @ 144 SL 141 Target 154, 163
5) Buy ONGC @ 1136 SL 1112 Target 1158, 1187

Have a happy trading day..

We expect Mamta Banerjee not to make significant changes to the fares of second class passengers. We could see some huge hikes on first class and AC fares. The government is likely to implement new projects and heavy infra spending and modernisation of existing railway infrastructure. Kalindee Rail RS 224, Titagarh Wagons, Kernex Micro and GDL are the stocks to watch out in today's trade, as these stocks will be the key beneficiaries of the new spending.

Overall, an exciting day for the markets as the indices are likely to be very volatile intraday. JP Hydro, Emco Ltd, Prakash Ind, Moser Baer and Praj Ind are some of the stocks that are worth keeping on radar.

Short term buy:

1. Buy CMC @800 for short term. Target 15-20 %
2. Don’t Forget to buy Opto Ckt, Welspun Gujarat on dips

Intraday:

1. Buy Kaveri Telecom Products: CMP 49.3 Target 50.5, 51.5 Stop Loss 48.7
2. Buy Jindal Stainless (JSL Ltd.): CMP 82.65 Target 85.7, 87 Stop Loss 79
3. Sell Aban Offshore: CMP 863 Target 835, 827, 816 Stop Loss 890
4. Buy Sun Pharma: CMP 1146.9 Target 1160, 1172 Stop Loss 1129