Nifty and Stock Calls View for May 16 - Kailash Pareek

Nifty did well today. As mentioned in the last post, we may break out within 8-10 trading days. Things are getting positive now and the fear is less. I guess traders will return once again. As there is no change in my views regarding Nifty, lets move for calls for tomorrow.

TATAPOWER -- Buy above 1406. Look at the chart of this stock. It never came below 200 EMA since April 2007.

HINDALCO -- Buy above 207. It has broken out from complex triangle. It has consolidated now and is ready to blast.

RENUKA -- Buy above 139. The stock is bullish.