Calls for 22nd October, 2009

Nifty should take support at 5020 levels. If it does not take support anywhere till this level then it could go down to 4940 levels.

Acc sell with a stop at 780 tgt 755
Axis Bank stop 990 sell for 945
BOB buy around 490
BPCL stop 530 sell for 510
Bhel buy around 2370
Cummins stop 378 sell for 360
HDFC Bank stop 1680 sell for 1620
HDFC should not break 2600. Buy around those levels.
HPCL stop 366 sell for 337
HIndlaco stop 138 buy for 146-153
ICICI Bank stop 935 sell for 900
IOB stop 135 sell for 130-128.5
Jaiprakash Stop 259 sell for 248
Kotak Bank buy at lower levels
LT below 1665 sell for 1630 with stop at 1675
M&M should take support at 880
PAtni buy above 450 with stop at 445 for 465-470
PNB stop 860 sell for 838-820
REliance buy if it comes to 2125-2090 levels
Siemens stop 590 sell below 575 for 550
Suzlon buy around 77-80
Tata Steel stop 560 sell for 545-535
Union BAnk stop 276 tgt 252
Vijaya Bank stop 55.5 sell for 50
Zee stop 250 sell for 225-220
DLF buy around 440-450 levels
HDIL buy around 388
HCC buy around 122
Praj Industries buy around 95
Ultratech Cement sell for 780 with stop at 820
Clutch Auto buy for 53 with stop at 39
Everest Kanto buy for 235 with stop at 200
Hotel Leela sell for 35 with stop at 41
NIIT buy for 77 with stop at 71.5
Unitech buy for 111.5 with stop at 104

IF YOU ARE SHORT AND MARKET TAKES SUPPORT BEFORE THE TARGETS ARE REACHED FOR ANY STOCK THEN PLEASE DO REDUCE YOUR STOP LOSS TO BELOW YOUR SALE PRICE SO AS NOT TO LOSE MONEY BECAUSE IF MARKETS WERE TO BOUNCE BACK THEY WOULD DO SO VERY SHARPLY. REMEMBER WE ARE IN A SOLID BULL MARKET AND THIS IS ONLY A CORRECTION.

Happy Trading!!!!!!!!!!