Trading Calls for 15Jan07

Nifty: 4052.45 +110.20 Points Sensex: 14056.53 +425.82 Points

FII Activity:
Cash Segment: 396.62 crores net buyers
Index Futures: 918.61 crores net buyers
Stock futures: 85.49 crores net buyers

Advance Decline ratio: 689:311

Outlook for 12 Jan 07:
Friday’s move confirmed that the bull run is still intact. The indicies closed at the all time high levels. There is more upside left in these markets. The tech stocks are looking in very good shape. The Bank Nifty did not trade below the expected level of 5680 and reversed. For Monday the Nifty will face resistance at 4125 and 4152. It will take support at 4003 and 3980.

Futures Trading Calls:

Buy CNX IT above 5650.00
Buy Nifty futures above 4075.00
Buy Bharat Forge at current levels for target 390.00
Buy Bharti Airtel above 675.00
Buy Century textiles above 780.00
Buy Maharastra Seamless above 515.00
Buy MTNL above 167.00 for target 178.00
Buy Reliance Industries above 1360.00
Buy Wipro Ltd above 633.00

Cash Calls:

Buy Mukund Engineering at current levels for target 37 and above
Buy Rana Sugars at current levels for target 55
Buy Thermax Ltd above 416 for target 450
Buy Datamatics Techno above 70.50 for target 80.00

Hold your long positions in (Price in brackets is the stop loss):
Federal Bank(225.00), Orchid Chem(196.00), Polaris(181.00) and TCS(1205.00).

Hold your short positions in (Price in brackets is the stop loss):
Suzlon (1275.00).

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.