Trading calls for 16Nov06

After private sector banks, now is the turn of PSU banks to move.
Buy Andra Bank in futures above 96.50
Buy Bank Of India in futures above 189.00
Buy Punjab National Bank in futures above 560.00
Buy Syndicate Bankin futures above 86.00

Sell Ashok Leyland in futures for intraday below 44.50 - target 43.50

Buy Bharat Forge in futures above 398 for short term. Can go up till 425.00

Buy Infosys and Nalco in futures if sustains above 2220.00 and 220.00 respectively.

Continue to hold your long positions in Bank Nifty, Nifty, Allahabad Bank, Corporation Bank, Divis Lab, HDFC Bank, ICICI Bank, J&K Bank, Jet Airways, Mphasis BFL, Orchid Chemicals, SBI, Sun Pharma, Sun TV and UTI Bank.

Disclaimer: The recommendations provided would be purely on my personal opinion and doesnot reflect any fund house interest or my personal holdings. I would not be responsible for the loss in trades undertaken based on my recommendations.