Buy Shah Alloys on declines with a stoploss of Rs 39 for a short term target of Rs 50

Buy Reliance Petroleum with a stoploss below Rs 157 for targets of Rs 164 and Rs 167. This is a day trading recommendation

IFCI: Goldman Sachs Mauritius buys 80.3 lakh shares @ Rs 42.71/sh.

Ansal Properties: Merrill Lynch Cap Markets Espana buys 6 lakh shares @ Rs 89.97/sh.

South Indian Bank: Courage Capital Mgmt buys 6.3 lakh shares @ Rs 107/sh. Citigroup Global Markets Mauritius sells 6.3 lakh shares @ Rs 107/sh.

Infotech Enterprises: Courage Cap Mgmt buys 4.64 lakh shares @ Rs 205/sh. Citigroup Global Markets Mauritius sells 4.64 lakh shares @ Rs 205/sh.

Gremach Infra: Somerset India Fund sells 1 lakh shares @ Rs 88/sh.

Ankur Drugs: Morgan Stanley Mauritius buys 50,000 shares @ Rs 234.22/sh.

Shree Ashtavinayak Cine Vision: Sarang Rakesh Wadhawan buys 55,000 shares @ Rs 539.98/sh. Mavi Investment Fund sells 55,000 shares @ Rs 539.99/sh.

PNB Gilts: Stock up 20%; del vol of 34.4%. NSE vol of 16.9 lakh shares Vs 10-day avg of 74000.

Selan Exploration: Stock up 17%; del vol of 14.5%. NSE vol of 13.4 lakh shares Vs 10-day avg of 2.9 lakh.

Gwalior Chemicals: Stock up 15.8%; del vol of 19.2%. NSE vol of 12.6 lakh shares Vs 10-day avg of 1.5 lakh.

Indian Bank: Stock down 13.8%; del vol of 55.3%. NSE vol of 10.4 lakh shares Vs 10-day avg of 9.6 lakh.

Bank of India: Stock down 12.5%; del vol of 30%. NSE vol of 55.9 lakh shares Vs 10-day avg of 24 lakh.

Axis Bank: Stock down 11.1%; del vol of 40.4%. NSE vol of 47 lakh shares Vs 10-day avg of 34.6 lakh.

Indian Overseas Bank: Stock down 9.8%; del vol of 37.4%. NSE vol of 8.4 lakh shares Vs 10-day avg of 4 lakh.

Bank of Baroda: Stock down 9.4%; del vol of 29.4%. NSE vol of 8.6 lakh shares Vs 10-day avg of 5.2 lakh.

Oriental Bank of Commerce: Stock down 9.3%; del vol of 41.4%. NSE vol of 8.8 lakh shares Vs 10-day avg of 3.4 lakh.

Lanco Infratech: Stock down 10.5%; del vol of 24.4%. NSE vol of 20.6 lakh shares Vs 10-day avg of 18.3 lakh.

BEL: Stock down 16.1%; del vol of 32.1%. NSE vol of 1.3 lakh shares Vs 10-day avg of 37000.

Sun TV: Stock down 14.5%; del vol of 51.1%. NSE vol of 13.6 lakh shares Vs 10-day avg of 0.70 lakh.

Futures OI was down Rs 999 crore while Options OI was up Rs 489 crore. Nifty July Futures shed 43 lakh shares in OI while Nifty August Futures added 55 lakh shares in OI. Nifty August Futures were at 2-point discount and July Futures were at 9-point premium. Stock Futures shed 70 lakh shares in OI. Nifty OI Put-Call Ratio stood at 1.25 Vs 1.36. Nifty Puts shed 12 lakh shares in OI while Nifty Calls added 20 lakh shares in OI. Nifty 4200 Put added 2 lakh shares in OI; Nifty 4300 Put sheds 6 lakh shares in OI; Nifty 4400 Put sheds 3.6 lakh shares in OI; Nifty 4200 Call added 7.5 lakh shares in OI.

On July 29, net sell by the FIIs in Nifty Futures were Rs 1470 crore, net buy in Nifty Options were Rs 379 crore and net sell in Stock Futures were Rs 395 crore.