Lets start...

I have analysed a few stocks and came with following stocks for short term trading based upon Elliot wave mainly and some help of MACD.

HDFC BAnk:
Target - 1250
Date - end Jul 2007
CMP - 1100
%change expected- 13%
Risk - High (8/10)

Indiabulls:
Target - 670
Date - Mid AUG 2007
CMP - 570
% change expected - 17%
Risk - Avg - High (6/10)

IVRCL Infrastructures:
Target - 388
DAte - start AUG 2007
CMP - 360
%change expected - 7%
Risk - Minimum (2/10)


Reliance Natural Resources:
Target - 40
DAte - start AUG 2007
CMP - 35
%change expected - 14%
Risk - Min - Avg (4/10)


SAIL:
Target - 190
DAte - start AUG 2007
CMP - 134
%change expected- 40%
Risk - Very High (9/10)

UTV Software:
Target - 670
Date - mid AUG 2007
CMP -560
% change expected - 17%
Risk - Avg - High (6/10)

Note: I am just sharing this info based on my experience on market. And I am presently not invested in any of the mentioned stocks directly/indirectly.