Trading Calls for 17Jan07

Nifty: 4080.50 +2.10 Points Sensex: 14114.73 -14.91 Points

FII Activity:
Cash Segment: 190.08 crores net buyers
Index Futures: 101.67 crores net buyers
Stock futures: 134.25 crores net sellers

Advance Decline ratio: 482:517

Outlook for 17 Jan 07:
There was not much activity in the markets yesterday. The indicies traded in a narrow range. For wednesday the Nifty will take support at 4042 and 4017. It will face resistance at 4125 and 4159.

Futures Trading Calls:

Buy Arvind Mills at current levels for target 65.00
Buy Aurobindo Pharma above 770.00 for target 800.00
Buy MRPL at current levels for target 52.00 with stoploss 44.50

Cash Calls:

Buy Accel Frontline above 83.75
Buy Manali petro above 11.60 for target 13.70 and 15.30
Buy Allsec Technologies above 343.00
Buy Kesoram Ind above 610.00
Buy Xpro India above 53.00 for target 65.00
Buy 3I Infotech at current levels with stoploss 240.00

Hold your long positions in (Price in brackets is the stop loss):
CNX IT, Nifty Futures, Federal Bank(225.00), Maharastra Seamless, Orchid Chem(196.00), Polaris(181.00), Relaince Industires, TCS(1205.00) and Wipro.

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.