Buy ACC, Grasim; Sell Infosys Today: Sanjeev Bhasin

Asian markets are showing strength and Nifty could trade above 7700 on opening. The moot point would be the second-half sustenance of the rally and Nifty closing over 7700.

With macro-economic improvement Indian bourses could outperform amid present geo-political risks.

For today we are again suggesting 2 pairs for intra-day gains;

Trading calls for today:

Longs:

Buy ACC @ 1485, stop-loss 1458, target 1535

Buy Grasim @ 3395, stop-loss 3330, target 3515

Shorts:

Sell Infosys @ 3210, stop-loss 3370, target 3120

Sell Tech Mahindra@ 2115, stop-loss 2155, target 2020

We are also carrying forward our 2 pairs from yesterday:

Longs:

Buy Reliance Industries @ 975; stop-loss 955, target 1025

Buy Tata Steel @ 562; stop-loss 551, target 589

Shorts:

Sell ONGC @ 410, stop-loss 419, target 398

Sell SAIL @ 88, stop-loss 91, target 84

For this week buy NBCC around 450 for new high target 500

Also we had yesterday recommended 2 picks for the next 2 weeks:

Buy ZEE Entertainment: 295-305, target 340

Buy Aditya Birla Nuvo: 1390-1410, target 1650