Trading Calls for 28Dec06

NSE Nifty: 3974.25 +33.75 BSE Sensex: 13859.69 +151.35

FII Activity:
Cash : -157.41 crores
Index futures : +32.33 crores
Stock futures : +412.44 crores

Outlook for 28Dec06:
The markets will open storng and will be very volatile in the later part of the day as today is the day of F&O expiry. Nifty will face resistance at 4002 and 4036 and will find support at 3948 and 3916. Yesterdays upmove indicated that the underlying the market is very strong. i donot see any big sell off in the near future. A small correction here and there is always possible.

Trading Calls for 28Dec06:

No calls in futures as today is the expiry and will be very volatile.

Buy Divis Lab in Cash above 3030.00 for target 3130.00
Buy East India Hotels Ltd in cash above 115.50 S.L 103.00 for target 124.00
Buy Gufic Biosciences in cash above 12.25 S.L 9.50 for target 14.00 and 16.00

Hold your long positions in (Price in brackets is the stop loss):
Ashok Leyland(41.00), BEL(1244.00), Bharti(590.00), Dr.Reddys(773.00), India Cements, Polaris(150.80) and Satyam(449.00).

Hold your short positions in (Price in brackets is the stop loss):
BPCL (329.50), 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.