Intraday calls for June 3rd

Market to open higher..RBI Credit policy eyed.We have few shares which is not going to matter much regardless of RBI credit policy today.

1. Short Just dial at CMP for target of 1320 with stop loss of 1390

2.Buy Orchid Chemicals for a target of 75 with stoploss at 63.25 (CMP-63.95).You can also hold it for target of 85 in next 10-12 trading sessions

3.Mirza international is a buy for target of 32 with stoploss of 28.50.Can be hold for a target of 38-40 in coming days

4. Buy Suzlon Energy for a target of 25.50

5. Buy Zee Entertainment for a target of 279 with a stop loss of 263

Try to avoid taking any fresh positions today in rate sensitive stocks till 11.If RBI cuts rate or keeps it unchanged and shows good signs of reducing it in next policy then buy following shares.However If you still hold these rate sensitive stocks then just hold on to your positions.

1.Buy Union bank for a target of 225-228 with stoploss of 212.75.

2.LIC housing finance is a buy for target of 335 with stoploss of 325

3.Central bank is a buy for short term target of 88 with stoploss at 79.

4.Buy GIC housing for a target of 172 with stoploss of 159.

These stocks can be brought before 11 as well but you must trade with strict stoploss as RBI policy is key!