What stocks should I trade on 25 June? Can you provide some profit making buying and selling tips in stocks for short to medium term?

The anticipated correction came through on Wednesday after the US Dow future opened weak in the afternoon. Markets also turned cautious ahead of the F&O expiry on 25 June. FPI flows were substantially positive on 24 June. Here are some trading tips.

· GAIL has announced very strong results and is a good buying candidate. Buy GAIL around the Rs.102 levels with targets of Rs.135 in one quarter time frame.

· Buy into Bank of Baroda at Rs.51 for targets of Rs.65 in one month time frame. After the impressive results, BOB turned around to profits and the NPA cycle is bottoming.

· I continued to be positive on DLF, which I had suggested earlier. Buy DLF around Rs.160 for targets of Rs.185 on realty bounce and the zero debt plans.

F&O expiry is normally volatile and can be unpredictable in terms of direction. You will have to exercise caution trading on 25 June.