Trading calls for 18Dec06

End of Day Summary (15Dec06):
NSE : 3888.65 +45.60 Points
BSE : 13614.52 +127.36 Points

FII Figures :
Cash segment - +374.28 crores
Index Futures - +128.45 crores
Stock Futures - +175.53 crores

Outlook for Monday 18Dec06:

Today the markets will be definately volatile. It will open on the higher side and I suppose will close on the lower side. The Nifty has a near support at 3866.00 and far support for 3790.00 which is very crutial for determining the next trend of the markets. The Nifty has a near resistance at 3930.00 and far resistance at 4000.00 levels. I would boldly recommend to go short at the higher levels. At the end of the day whether the Nifty closes above or below 3930.00 is the question.

Trading calls for 18Dec06:

Buy Canara Bank in futures at current levels for intraday target of 285.00
Buy Dabur in futures above 149.25
Buy Hindalco in futures above 181.60
Buy Tata Motors in futures above 868.00 for target 885.00 and 900.00

Buy Educomp in cash above 734.00
Buy Shubash Projects in cash above 239.00 with stoploss 221.00 for target 261.00

Hold your long positions in (Price in brackets is the stop loss):
Ashok Leyland, BEL, Bharti, Dr.Reddys, India Cements, Polaris(124.70), SRF and Satyam.

Hold your short positions in (Price in brackets is the stop loss):
BPCL (329.50), Cipla(251.20), HLL(233.00) and Suzlon (1333.00).

Pease note that if no prices are mentioned in brackets then there is no stop loss reqiured currently. Stop losses would be provided at appropiate levels. Keep checking the stoplosses. It is updated everyday.

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.