Trading calls for 25Jan07

Nifty: 4089.90 +23.80 Points Sensex: 14110.46 +69.22 Points

FII Activity:
Cash Segment: 159.48 crores net buyers
Index Futures: 194.08 crores net buyers
Stock futures: 255.27 crores net sellers

Advance Decline ratio: 480:505

Outlook for 25 Jan 07:
The markets have gone up with negative advance decline ratio. The world markets are positive and that will help our markets open in the positive today. The Nifty might take support at 4070 and 4046. 4104 is the crutial level and above this Nifty might face resistance at 4116 and 4138.

Futures Trading Calls:

Avoid trading in futures today as it is the expiry day of January contracts and the market will be very volatile.

Sell century Textiles February future contracts if trades below 702 for target 670.

Cash Calls:

Buy Aptech above 188 with stoploss 172 for target 215.
Buy BEL above 1405 with stoploss 1365 for target 1465.
Buy Easun reyrol if sustains above 680 with stoploss 620 for target 780.
Buy Essar steel if sustains above 50 with stoploss 44.50 for target 57.
Buy IDFC above 99.50 with stoploss 93 for target 107.
Buy SAIL above 107 with stoploss 96.50
Buy United Spirits above 879 with stoploss 830 for target 900 and above.

Hold your long positions in (Price in brackets represents stop loss):
CNX IT(5495.00), Nifty Futures(4064.00), Divis Lab, IVRCL(390.00), Jet Airways (720.00), Maharastra Seamless(500.50), Orchid Chem(202.00), Polaris(206.00), REL(499.00), Relaince Industires(1355.00), TCS(1258.00) and Wipro(609.00).

Hold your short positions in (Price in brackets represents stoploss):
GNFC(108.00) and Ultratech Cement(1125.00)

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.