Intraday stock tips for today 23 may 2011

Intraday stock tips | Free stock tips today>tomorrow | Stocks Intraday tips today

Following are the stock recommendations for today :-

1. BUY ABG shipyard , Target  370.00, Stop loss 355.00.

2. Buy Escort, Target 130.00, Stop loss 121.00.

3. Buy Wyeth, target 899.00, Stop loss 830.00.

4. Sell ONGC, Target 265.00, Stop loss 280.00.

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NIFTY TREND

NIFTY TREND HIGH;Can test 5950-6000

Strategy :
Buy Nifty 5900 Call and Sell 6100 Call both for the April series for 100 and 25, respectively.
Sell May 5500 Put for 40. This would mean that the costing for the strategy would be 35 and maximum profit would be 165.

This is with a view that Nifty would remain positive heading towards the 6100 mark this expiry. We have sold 5500 Put, as 5750 is likely to act as a strong support. 

Stock Ideas: 
1. BUY OnMobile Comm
    SL   :- 260
    TGT :- 300


2. BUY Patel Engineering
    SL   :- 172
    TGT :- 200


3. BUY DLF

    SL   :- 245

    TGT :- 275