Indian Markets Technicals

We expect Nifty & Sensex to touch 3841 & 12649 if it trades above 3628 & 11939. If the markets moves below 3628 & 11939 levels, then it will try to touch 3414 & 11229 levels.

Money Market

We expect Dollar to rise to 50.62 levels by weekend, if Dollar remains above 49.54 else there are chances that it may fall to 48.45 levels.

US Markets Technicals

We expect Dow & Nasdaq to touch 8779 & 1800 if it trades above 8400 & 1706. If the markets moves below 8400 & 1706 levels, then it will try to touch 8021 & 1612 levels.

Options

We strongly recommend a buy on Nifty 4000.00 PE June'09 at current levels with a target of 243.00 with a stoploss below 64.00.

We strongly recommend a buy on Reliance 2250.00 CA June'09 at current levels with a target of 227.00 with a stoploss below 65.00.

Commodity

We expect a fall of 7-8% in prices of Bajra in next few days. We also expect a rise of 6-7% in prices of Maize in next few days.

Derivatives Calls

Futures

Our Nifty May'09 target of 3981.00 achieved. Buy call given @ 3350.00.
Buy Nifty June'09 Futures at current levels with a target of 5423.00 & with a stoploss below 3970.00.

Our BankNifty May'09 target of 6372.00 achieved. Buy call given @ 4700.00.
Buy BankNifty June'09 Futures at current levels with a target of 9391.00 & with a stoploss below 6150.00.

Buy Everonn Systems India Ltd. June'09 Futures at current levels with a target of 391.00 & with a stoploss below 232.00.

Buy Federal Bank June'09 Futures at current levels with a target of 310.00 & with a stoploss below 211.00.

Long Term Delivery Calls

We strongly recommend a buy on Supreme Petrochem at current levels with a long-term target of 42.00.

We strongly recommend a buy on A.K.Capital Services at current levels with a long-term target of 305.00.

Medium Term Delivery Calls

We strongly recommend a buy on Zee Entertainment Enterprises at current levels with a medium-term target of 247.00 with a stoploss below 137.00.

We strongly recommend a buy on Aban Offshore at current levels with a medium-term target of 1473.00 with a stoploss below 610.00.

Short Term Delivery Calls

Buy ABB at current levels with a short-term target of 885.00 & with a stoploss below 544.00.

Buy ACC at current levels with a short-term target of 913.00 & with a stoploss below 676.00.

Performance of Calls

Escorts buy call given @ 46.55 has achieved its target of 55.00 & has given a profit of 18.15% in 2 days.

Edelweiss Capital buy call given @ 387.70 has achieved its target of 458.00 & has given a profit of 18.13% in 3 days.

Divis Labs. buy call given @ 923.05 has achieved its target of 1117.00 & has given a profit of 21.01% in 4 days.

Dena Bank buy call given @ 37.95 has achieved its target of 50.00 & has given a profit of 31.75% in 7 days.

NTPC buy call given @ 188.05 has achieved its target of 223.00 & has given a profit of 18.59% in 10 days.

NMDC buy call given @ 221.70 has achieved its target of 293.00 & has given a profit of 32.16% in 10 days.

Chennai Petroleum buy call given @ 123.65 has achieved its target of 156.00 & has given a profit of 26.16% in 10 days.

Indian Oil Corp. buy call given @ 442.75 has achieved its target of 520.00 & has given a profit of 17.45% in 18 days.

Bombay Rayon Fashions buy call given @ 170.75 has achieved its target of 190.00 & has given a profit of 11.27% in 8 days.

HCL Tech. buy call given @ 128.15 has achieved its target of 170.00 & has given a profit of 32.66% in 28 days.

Bata India buy call given @ 120.25 has achieved its target of 150.00 & has given a profit of 24.74% in 29 days.

Balrampur Chini Mills buy call given @ 71.60 has achieved its target of 85.00 & has given a profit of 18.72% in 30 days.

Sonata Software buy call given @ 19.75 has achieved its target of 27.00 & has given a profit of 36.71% in 31 days.

Please let me know your thoughts on this subject. I look forward to hearing from you. Thank you for letting me express my concerns to you.

Regards
Vikash Agarwal
Rourkela. Orissa. India
Mobile : +919437202566.