Buy ICICI Bank, Gail India Today: Sanjeev Bhasin

The Nifty is set to test higher levels as global liquidity and positive economic indicators will lead to fresh allocation of funds into equities. The flow of foreign funds continues to chase stocks even as local mutual funds book profits.

Energy stocks will see strong rebound as gas price revision and low crude prices will lead to earnings improvement this quarter onwards.

Trading calls with 4/5 day outlook,

1) Buy Gail India: 486-491, stop loss 477, target 520-523

2) Buy ICICI Bank: 1682-1688, stop loss 1652, target 1740-45

Book profit in the following previous calls,

Bank of Baroda (target 1020, return 4 per cent); Shriram Transport Finance: (target 1040, return 9 per cent); Zee Entertainment: (target 375, return 7 per cent), Cairn India: (target 268-272, return 4 per cent).

Disclaimer: "Investors are advised to make their own assessment before acting on the information."