Stock Market Update For Today



1. Sensex ends 200 points lower; RCom, Rel Infra slip
2. ICICI Venture plans $500 mn infra fund
3. Ranbaxy posts Q1 net profit, beats forecast
4. Gold rebounds by Rs 295 on global cues
5. IIP data cam be out today.

Even though the Trillion Dollar European bailout plan has somewhat averted the possibility of a free fall of Euro and European assets, some analysts are saying that the trend will continue. Investors are raising doubts about the efficacy of the plan. The plan entails even more borrowing too. The structural changes required by the debt ridden nations will still be very hard on the people. The hardships will last for comparatively very long periods too. The Euro currency has already lost  most of it’s gains it made after the announcement of the plan and Gold is still trading strong.

Future & Options Calls

BUY NIFTY 5200CE ABOVE 55.40
TGT 70-78
SL 46.95

BUY NIFTY 5100PE ABOVE 78.85
TGT 90-99.95
SL 70.45

BUY DLF 300CA ABOVE 8.60
TGT 10.50-11.95
SL 7.40

BUY HINDALCO 180CA ABOVE 1.60
TGT 2.50-2.95
SL 1.10

BUY HINDALCO 160PA ABOVE 1.75
TGT 2.25-2.50
SL 1.45

BUY ICICIBANK 920CA ABOVE 21.10
TGT 26-29
SL 18

BUY ICICIBANK 900PA ABOVE 15.65
TGT 22-25
SL 12.35

BUY RELIANCE 1050CA ABOVE 30.85
TGT 37-43
SL 26.30

BUY RELIANCE 1060PA ABOVE 17.50
TGT 22-25
SL 14.90

BUY TATAMOTORS 820CA ABOVE 15.60
TGT 20-23
SL 12.85

BUY TATAMOTORS 800PA ABOVE 24.15
TGT 30-33
SL 20.90

BUY TATASTEEL 580CA ABOVE 17.25
TGT 27-30
SL 12.30

BUY TATASTEEL 560PA ABOVE 11.80
TGT 16-18
SL 9.35

BUY UNITECH 80CA ABOVE 1.70
TGT 2.20-2.40
SL 1.40

BUY UNITECH 75PA ABOVE 1.85
TGT 2.25-2.50
SL 1.60

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Wednesday, May 12th, 2010 Intraday Calls, Options Trading

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