SHORT TERM TRADES; GMR INFRA, SESA STERLITE, IRB IBFRA, JP ASSOCIATES

GMR INFRA:

• THE EARLIER CALL FOR TARGET 25 IS STILL OPEN. SEE HERE

OR YOU CAN BUY 25 CE AT Rs 0.6 or so, TARGET 1.5, SL 0.25.

SESA STERLITE:

1. BUY AT CMP 207
2. KEEP A SL AT 190 CLOSING BASIS
3. TARGETS 210, 215, 218 (strong resistance), 225, 230.
4. 4-6 WEEKS

OR YOU COULD BUY 220 CE AT AROUND Rs 4; TARGET 10, SL 2.

IRB INFRA:

1. BUY AT CMP 86. SEEMS TO HAVE BROKEN OUT OF RES AT 85.
2. SL AT 73 CLOSING BASIS
3. TARGETS 90, 92, 96, 100.
4. 4-6 WEEKS

OR YOU CAN BUY 90 CE AT 4.75, TARGET 10, SL 2.

TARGETS UPTO 96 HIT ON 5/11/2013

JP ASSOCIATES:

1. BUY AT CMP 48.5
2. SL AT 43 CLOSING BASIS
3. TARGETS ARE 50, 54 (resistance), 57.
4. 4-6 weeks

OR YOU CAN BUY 57.5.CE AT 0.7, TARGET 1.5, SL 0.2.

TARGET 50 HIT ON 5/11/2013

ALL OPTIONS RECOS. REFER TO THE CURRENT SERIES.