10th July 2007

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Mkt Outlook : Positive but stay cautious @ higher levels
Remain long abv 4370+

Nifty Target : 4450++

Stocks 2 Buy:-

CAIRN INDIA

MCDOWELL

TATA STEEL

RELIANCE ENERGY

BHARAT FORGE

RCOM

TTML

Option calls:

CAIRN INDIA 160 CA TGT 8-12
IDBI 130 CA TGT3-5
TTML 32.5 CA TGT 1.5
TATA STEEL 640 CA TGT 30

Positional call:-
ESSAR OIL
BONGEION REFINERY
RPL
BALAJEE TELEFIMS
DIVISLAB
(5%-10% Upside from CMP within 5-6 sessions)

HAPPY TRADING

NIFTY CALL:-

BUY 4400 CALL @ CMP & 4300 PUT @ CMP
FOR PROTECTION