Trading Calls for 18Jan07

Nifty: 4109.05 +32.60 Points Sensex: 14217.75 +86.41 Points

FII Activity:
Cash Segment: Not available
Index Futures: Not available
Stock futures: Not available

Advance Decline ratio: 474:525

Outlook for 19 Jan 07:
Something is cooking in this market. I am not very confident of this market going up any further. Be cautious and hold cash in hand. Limit your exposure in this market. For today the Nifty will take support at 4100-4068-4044 and might find resistance at 4140-4170-4190.

Futures Trading Calls:

Buy Sun TV above 1655.00

Sell GNFC below 107.00
Sell Ultratech cement below 1124.00

Cash Calls:

Buy Eastern Silk Industries above 366.00
Buy Texmaco above 1391.00 with stoploss 1287.00
Buy Gujarat Ambuja Exports Ltd at current levels for target 40 and above
Buy Nector Lifesciences at current levels for target 217.00
Buy Rolta at current levels with stoploss 317.00
Buy Tourism Finance at current levels for target 21.70 abd 24.50

Hold your long positions in (Price in brackets is the stop loss):
CNX IT, Nifty Futures, Divis Lab, 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.