Stock Tips For 27 July 2009

Markets may remain volatile ahead of F & O expiry

Markets closed the week strong on the back of positive global cues, encouraging infrastructure output data for June and better Q1 results of prominent companies. However, Reliance Q1 net missed the forecasts and was down 11.5 pct on gross refining margin tumbling by 50%, thereby hurting earnings. The company expects to see growth in the next quarters from new refinery and K G D6 wells. But the investors appear to have taken the RILâ€™s results a big set back for the markets and a sharp sell off in the market is not ruled out today pulling down the indices. Meantime, F & O expiry this week may add to the volatility in the market and therefore, readers are advised to exercise utmost caution and refrain from large commitments. Stocks of fertilizers, agrochemicals, automobiles, and fast moving consumer goods may attract investorsâ€™ attention in view of improvement in monsoon rains. Global cues and FIIs activities will also impact the trend this week. Meantime, the apex bankâ€™s monetary policy review to be announced on Tuesday will be keenly watched by the market. Further, a section of market watchers appear fairly upbeat about the markets but one cannot rule out profit taking with the market having run up so sharply over the past few sessions.

Buy nifty above 4590 sl- 4567 target- 4630/4672 â€¦â€¦â€¦.
Sell nifty below 4533 sl- 4555 target- 4501/4477/4421.

watch 4400 and 4700 with open eyes dear friends in coming days â€¦.. if close above 4700 for single day only no one can stop 4870/5020 . plz exit from ur all shorts above 4700 and exit from ur all longs below 4400 . below 4400 it can test 4250/4100/4000.no need of any kind fear above 4400 . buy on dips is simple and sucessfull strategy in these days .

Safe strategy for future traders – sell ntpc 205 call and put @ cmp of August.

Buy bajajhind at 181 sl- 176 target -189/197

Buy dlf at 397 sl- 389 target- 409/416
Sell dlf at 388 sl- 397 target- 379/371.

Buy icici bank at 801 sl- 790 target- 812/822 ..
Sell icici bank at 789 sl- 801 target- 765.