MARKET WORRIED ON THE CONCERNS OF DELAY IN MONSOON AND DEFAULT RISK IN THE GREECE WHICH MAY ALSO SPREAD TO PORTUGAL AND SPAIN CRACKED BELOW 5400 AND HEAVY SHORTING TAKING PLACE IN NIFTY AND STOCK FUTURES BY FIIs.
IN THE SHORT TERM NIFTY MAY REMAIN WEAK TO TOUCH 5250-5200.HOWEVER BUYING IN NIFTY CALL(JUNE)AND SOME GOOD QUALITY STOCKS IN DELIVERY SHALL BE BENEFICIAL
BUY CE5200, CE5300, CE5400 & CE5500 OF JUNE SERIES IF NIFTY COMES TO THE RANGE OF 5250-5200.
FOLLOWING STOCKS LOOK GOOD TO BUY ON DIPS FOR MEDIUM TERM:
TIMKEN
PIPAVAV SHIPYARD
PIRAMAL GLASS
ORCHID CHEMICAL
INGERSOLL RAND
M&M FINANCE
V-GUARD
VIP INDUSTRIES
ARVIND
SKUMARSYNF
SAINT GOBAIN
PETRONET LNG
CAMLIN
SRENUJ & COMP
SURAJ DIAMOND
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