Trading Calls for 10Jan07

Nifty: 3911.40 -22.00 Points Sensex: 13566.33 -85.82 Points

FII Activity:
Cash Segment: 361.03 crores net sellers
Index Futures: 200.95 crores net buyers
Stock futures: 166.76 crores net sellers

Advance Decline ratio: 347:656

Outlook for 10 Jan 07:
Like yesterday’s outlook, today also the previous low of 3895.00 is crucial for intraday trend of the market. The Nifty will take support at 3882.00 and 3853.00 and will face resistance at 3926.00 and 3963.00

Futures Trading Calls:

Sell HDFC Ltd below 1555.00 for target 1530.00 and 1490.00
Sell HDFC Bank Ltd at current levels for target 1000.00 and 963.00
Sell Maruti below 877.00 for target 867.00 and 857.00

Cash Market Calls:

Buy Cinevista Ltd above 28.80 for target 32.00 and 34.00
Buy DCM Shriram Cons above 128.60 for target 140 and above
Buy Godavari fertilizers above 109.00 with stop loss 100.60
Buy Sasken Communications above 630.00

Hold your long positions in (Price in brackets is the stop loss):
Orchid Chem(196.00) and Polaris(164.00).

Hold your short positions in (Price in brackets is the stop loss):
Bajaj Auto, HLL(217.60) 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.