Outlook and trading calls for 28Feb07

Nifty: 3893.90 -48.10 Points Sensex: 13478.83 -170.69 Points

FII Activity:
Cash Segment: 503.38 crores net sellers
Index Futures: 687.99 crores net sellers
Stock futures: 40.24 crores net sellers

Advance Decline ratio: 551:468

Outlook for 28Feb07:
Today the markets will be very volatile. It is a big day for the markets. You can see that FIIs have sold nifty futures today also. Total 3400 crores in 3 days and 1100 crores sold in cash in 2 days. Technically also the Nifty futures 15 days moving average has cut 30 day moving average from the top. All this suggests that every higher level is an opportunity to sell Nifty futures and buy puts.

Futures Trading Calls:

No Calls for today. Just stay out and watch the market. No intraday today please.

Cash Calls:

No Calls for today. Just stay out and watch the market. No intraday today please.


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.

Trading Calls for 27Feb07

Nifty: 3942.00 +3.05 Points Sensex: 13649.52 +16.98 Points

FII Activity:
Cash Segment: 596.15 crores net sellers
Index Futures: 1036.11 crores net sellers
Stock futures: 219.24 crores net buyers

Advance Decline ratio: 506:510

Outlook for 27Feb07:
Yesterdays recovery in the afternoon session was just a eye wash. There is more downside left in the market. Even though technically it looks like a good recovery the FII figures are disturbing. They have sold an astonishing 2600 crores of nifty futures in the last 2 trading sessions. The nifty futures turned to 10 basis points premium from the 4 basis points discount yesterday. I would again request all of you to be cautious at higher levels. The budget is just round the corner it is advisable to stay out and watch the markets shape up. For today the Nifty should take support at 3917 and 3835. On the higher side it should face resistance at 3955, 4000 and 4040. Large cap technology stocks are looking weak.

Futures Trading Calls:

Buy Triveni Engineering if sustains above 44 for target 51.

Sell Infosys at current levels for target 2100.
Sell Wipro at current levels for target 565.
Sell HCL Tech below 641 for target 615 and 575.
Sell Bajaj Auto if remains below 2805 for target 2680 and 2480.

Cash Calls:

Buy JSW Steel if sustains above 495.

(Please ensure the mentioned stocks trade convincingly above/below the mentioned levels below entering into trade).

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.

Trading calls for 26Feb07

Nifty: 3938.95 -101.05 Points Sensex: 13632.53 -388.78 Points

FII Activity:
Cash Segment: 343.04 crores net buyers
Index Futures: -1547.34 crores net sellers
Stock futures: 17.16 crores net buyers

Advance Decline ratio: 100:934

Outlook for 26Feb07:
The correction is nearing its end. Don’t panic and sell stocks. The markets would recover either on Monday afternoon or Tuesday afternoon. The FIIs have started buying in cash. The cement stocks have been battered. Time to accumulate at lower levels. For Monday the Nifty should find support at 3910-3892-3835 and should find resistance at 3965-4000-4040.

Futures Trading Calls:

Buy CNX IT at lower levels with strict stoploss 5470.
Buy Nifty futures at lower levels with stoploss 3875.
Buy Ashok Leyland at lower levels with stoploss 40.90
Buy Grasim at lower levels with strict stoploss 2205.
Buy L&T at lower levels with stoploss 1562.
Buy Polaris at lower levels with stoploss 193.
Buy Reliance Energy at current levels with stoploss 499.

Sell BILT at current levels for intraday target of 110.00
Sell Maruthi below 850 for target 810.
Sell Parshvnath at current levels for intraday target of 277.
Sell Sun TV below 1556 for target 1480.

(Please ensure the mentioned stocks trade convincingly above/below the mentioned levels below entering into trade).

Cash Calls:

Buy cement and sugar stocks in small quantities at lower levels.

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.

Trading Calls for 23Feb07

Nifty: 4040.00 -56.20 Points Sensex: 14021.31 -167.18 Points

FII Activity:
Cash Segment: 435.43 crores net sellers
Index Futures: 347.77 crores net sellers
Stock futures: 103.76 crores net sellers

Advance Decline ratio: 250:762

Outlook for 23Feb07:
Remember my words a few days back. There will minor pull backs but the trend is downwards. Today is the crucial day for the markets. If the Nifty closes below 4040, then one can see more downside in the coming days. For sensex the crucial level is 13925. For today Nifty should face resistance at 4068 and 4100 and should take support at 3990 and 3966.

Banking and cement stocks are looking weak. Cement can give a bounce back from these levels but looks like there is more downside left in banking sector.

Futures Trading Calls:

Buy BEL at current levels with strict stoploss 1575.00

Sell Jindal Stainless if remains below 119 for target 112 (***** 5star call).
Sell Bank Nifty if remains below 5600 for target 5500 and 5400.
Sell Allahabad Bank if remains below 75.50 for target 71.50
Sell Bank Of India if remains below 160.50 for target 158.50
Sell Jet Airways if remains below 675 for target 590.
Sell Reliance Communications if remains below 444 for target 425.

(Please ensure the mentioned stocks trade convincingly above/below the mentioned levels below entering into trade).

Cash Calls:

Buy India Infoline if sustains above 402.00 (*****5 star call)

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.

Trading Calls for 22Feb07

Nifty: 4096.20 -10.75 Points Sensex: 14188.49 -64.89 Points

FII Activity:
Cash Segment: 197.66 crores net sellers
Index Futures: 384.98 crores net sellers
Stock futures: 175.45 crores net sellers

Advance Decline ratio: 424:588

Outlook for 22Feb07:
Today is the day of F&O settlement and the markets are expected to be very volatile. It can just flair up in the last 30 mins of trade. The Nifty for today should face resistance at 4108 and 4138 and should take support at 4060 and 4047.

Futures Trading Calls:

Buy IFCI March Futures at current levels for target 34.00
Buy Jindal Stainless March Futures if sustains above 129.00
Buy Zee Tele march futures if sustains above 264.00

(Please ensure the mentioned stocks trade convincingly above/below the mentioned levels below entering into trade).

Cash Calls:

Buy Aptech if sustains above 254.50 with stoploss 225.

Hold your long positions in (Price in brackets represents stop loss):GMR Infra (409.00) and Wipro(656.00).

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.

Trading Calls for 21Feb07

Nifty: 4106.95 -57.60 Points Sensex: 14253.38 -149.52 Points

FII Activity:
Cash Segment: 345.07 crores net buyers
Index Futures: 473.91 crores net sellers
Stock futures: 34.10 crores net sellers

Advance Decline ratio: 197:824

Outlook for 21Feb07:
Yesterday the markets fell with good advance decline ratio and good amount of selling by FIIs in the index futures. The short term outlook has again turned negative with this fall. The stocks are failing to sustain above its 30 days moving averages. For today the Nifty should take support at 4087 and 4046 and should face resistance at 4140 and 4176.

Futures Trading Calls:

Exit Bank Nifty at current levels
Sell Arvind Mills at current levels for target 51.90 (current month)
Sell Bharat Forge March futures if remains below 326 for target 301.
Sell HDFC Ltd March futures if remains below 1645 for target 1565.
Sell Sesa Goa March futures at current levels with strict stop loss 1960.

(Please ensure the mentioned stocks trade convincingly above/below the mentioned levels below entering into trade).

Cash Calls:

There are no calls for today.

Hold your long positions in (Price in brackets represents stop loss):
GMR Infra (409.00) and Wipro(656.00).

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.

Trading Calls for 20Feb07

Nifty: 4164.55 +18.35 Points Sensex: 14402.90 +47.35 Points

FII Activity:
Cash Segment: 5.81 crores net sellers
Index Futures: 437.01 crores net buyers
Stock futures: 116.64 crores net buyers

Advance Decline ratio: 498:534

Outlook for 20Feb07:
Yesterday the indicies moved in a narrow range after the opening up move. The activity in the markets should increase in the next 3 days due to futures roll over. For today the Nifty should face resistance at 4186 and 4200. On the lower side it should take support at 4146 and 4118.

Futures Trading Calls:

Buy Aban Lloyd if sustains above 1975 for target 2040.
Buy NDTV if sustains above 344 with stoploss 325.
Buy SAIL at current levels. It is all set to touch 125 in a few trading sessions. Possibly today itself.

(Please ensure the mentioned stocks trade convincingly above/below the mentioned levels below entering into trade).

Cash Calls:

Buy Aban Lloyd if sustains above 1970 for target 2040.
Buy NDTV if sustains above 343 with stoploss 325.
Buy SAIL at current levels. IT is all set to touch 125 in a few trading sessions.

Hold your long positions in (Price in brackets represents stop loss):
Bank Nifty (5500, target 5990), GMR Infra (409.00), Lanco Infra (204.00) and Wipro(656.00).

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.

Trading Calls for 19Feb07

Nifty: 4146.20 +99.10 Points Sensex: 14355.55 +345.65 Points

FII Activity:
Cash Segment: 10.82 crores net sellers
Index Futures: 537.50 crores net buyers
Stock futures: 41.92 crores net buyers

Advance Decline ratio: 886:143

Outlook for 19Feb07:
The Nifty, inspite of yesterday’s move is in oversold territory. The downside is still not complete. The question is, when will it come down. Before the budget or after. The chart patterns suggests that it will resume correction only in march. Lets wait and watch. I recommend to trade in small quantities. The rumour in the market is that the indicies will make a new high before budget. For Monday the Nifty should take support at 4140-4107-4071 and should face resistance at 4167-4187-4235.

Futures Trading Calls:

HCL Tech is all set to touch 720 levels.
Wipro is in a all new territory. Buy if sustains above 690 with stoploss 656.

(Please ensure the mentioned stocks trade convincingly above/below the mentioned levels below entering into trade).

Cash Calls:

Buy Dharani Sugars if sustains above 27 for target 31 with stoploss 23.
Buy TV Today if sustains above 134 with stoploss 120.
Buy Gangothri textiles if sustains above 32 with stoploss 26 for target 40.

Hold your long positions in (Price in brackets represents stop loss):Bank Nifty (5500, target 5990), GMR Infra (388.00), Lanco Infra (185.00) and Wipro(656.00).

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.

Trading calls for 15Feb07

Nifty: 4047.10 +2.55 Points Sensex: 14009.90 -81.08 Points

FII Activity:
Cash Segment: 164.64 crores net sellers
Index Futures: 246.91 crores net sellers
Stock futures: 450.82 crores net sellers

Advance Decline ratio: 436:581

Outlook for 15Feb07:
The Nifty has still not decisively shown strength. There might by minor reversals but the down side is still left. Have a look at the FII figures, they have sold in all sections. For Thursday the nifty might take support at 4014 and 3954. It should face resistance at 4058-4100-4140.

Futures Trading Calls:

Buy Bank Nifty at current levels with strict stoploss of 5500.00
Buy Gateway Distriparks if sustains above 172 for target 188.
Buy Hindustan Const Co if sustains above 125 for target 138.
Buy IFCI if sustains above 30 for target 33 and above
Buy Lanco Infratech if sustains above 206.50
Buy Matrix labs if sustains above 218.50 for target 235.
Buy Reliance Petro if sustains above 69.50

If the above scripts are showing resistance at the mentioned levels, one can take a chance and short them.

(Please ensure the mentioned stocks trade convincingly above/below the mentioned levels below entering into trade).

Cash Calls:

Buy Prajay Industries if sustains above 403.
Buy Punjab Tractors if sustains above 343.
Buy Rolta if sustains above 355.

Hold your long positions in (Price in brackets represents stop loss):GMR Infra (388.00) and Wipro(620.00).

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.

Trading Calls for 14Feb07

Nifty: 4044.55 -13.75 Points Sensex: 14090.98 -99.72 Points

FII Activity:
Cash Segment: 385.11 crores net sellers
Index Futures: 128.81 crores net buyers
Stock futures: 91.69 crores net sellers

Advance Decline ratio: 382:624

Outlook for 14Feb07:
The markets have exhibited weakness by bouncing back early in the morning yesterday. 4040 is proving to be a good support on a closing basis. The nifty futures gap at 3969 has to be filled up and it is sure to come down till there. For today the Nifty can take support at 4017-3987-3954 and should face resistance at 4058-4100-4135.

Futures Trading Calls:

Sell Bank Nifty at current levels for target 5800.
Sell BHEL if remains below 2270 for target 2225.
Sell GSK Pharma if remains below 1085 for target 1060.
Sell Grasim if remains below 2690 for target 2630.

Buy Union Bank of India if sustains above 114.00

(Please ensure the mentioned stocks trade convincingly above/below the mentioned levels below entering into trade).

Cash Calls:

No cash calls for today.

Hold your long positions in (Price in brackets represents stop loss):GMR Infra (388.00) and Wipro(620.00).

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.

Trading Calls for 13Feb07

Nifty: 4058.30 -129.10 Points Sensex: 14190.70 -348.20 Points

FII Activity:
Cash Segment: 100.45 crores net buyers
Index Futures: 1204.16 crores net sellers
Stock futures: 401.50 crores net sellers

Advance Decline ratio: 52:979

Outlook for 13Feb07:
As expected, the markets corrected quite a bit on Monday. Now from here, where will it end up is the question. There is a strong support at 4040 levels. If the Nifty does not sustain 4040 levels then 3957 is a certainity. Cement stocks are looking weak. Time to accumulate sugar stocks. For today the Nifty should find support at 4040-4000-3980-3957. On the higher side it should find resistance at 4100 and 4140.

Futures Trading Calls:

Sell Nifty futures if remains below 4030 for target 3965.
Sell ACC if remains below 986 for target 955
Sell IVRCL if remains below 376 for target 365
Sell Reliance Industries if remains below 1340 for target 1320
Sell Satyam Comp at current levels for target 452
Sell Sun TV if remains below 1635 for target 1605
Sell Tata Motors if remains below 860 for target 830
Sell TCS if remains below 1240 for target 1210
Sell VSNL if remains below 430 for target 412.

(Please ensure the mentioned stocks trade convincingly above/below the mentioned levels below entering into trade).

Cash Calls:

No cash calls for today.

Hold your long positions in (Price in brackets represents stop loss):CNX IT(5550.00), GMR Infra (388.00), Jet Airways (720.00), and Wipro(620.00).

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.

Trading Calls for 12Feb07

Nifty: 4187.40 -36.00 Points Sensex: 14538.90 -113.19 Points

FII Activity:
Cash Segment: 318.23 crores net buyers
Index Futures: 560.05 crores net sellers
Stock futures: 201.65 crores net sellers

Advance Decline ratio: 173:854

Outlook for 12Feb07:
Friday’s fall is just the beginning. There might be minor pull backs but there is more downside left. For Monday the Nifty level of 4200 is crucial. On the higher side it might face resistance at 4220 and 4240. On the lower side it should find support at 4170 and 4140.

Futures Trading Calls:

Sell Bank Of India if remains below 185 for target 180.
Sell Canara Bank if remains below 227 for target 217.
Sell Dr. Reddys at current levels for target 724 and 707.
Sell Gateway Distriparks if remains below 185 for target 172.
Sell IPCL if remains below 266 for target 256.
Sell MTNL if remains below 152 for target 144.
Sell Sesa Goa if remains below 1810 for target 1775 and 1740.
Sell SRF if remains below 181.50 for target 167.
Sell Tata Tea if remains below 680 for target 635.

(Please ensure the mentioned stocks trade convincingly above/below the mentioned levels below entering into trade).

Cash Calls:

Buy NELCO if sustains above 130.00 for target 140 and 152.

Hold your long positions in (Price in brackets represents stop loss):
CNX IT(5495.00), Divis Lab(3375.00), GMR Infra (375.00), Infosys(2310.00), Jet Airways (720.00), Maharastra Seamless(500.50), Orchid Chem(255.00), REL(542.00), Relaince Industires(1355.00), TCS(1258.00) and Wipro(609.00).

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.

Trading Calls for 09Feb07

Nifty: 4223.40 -0.85 Points Sensex: 14652.09 +8.96 Points

FII Activity:
Cash Segment: 255.07 crores net buyers
Index Futures: 38.80 crores net buyers
Stock futures: 275.59 crores net sellers

Advance Decline ratio: 364:651

Outlook for 09Feb07:
There might be selling at higher levels today. The Nifty facing resistance at 4235.The level of 4200 is crucial for Nifty. It might face resistance at 4235 and 4265 and might take support at 4190 and 4170. Please trade with high caution and low volume.

Futures Trading Calls:

Think to buy ICICI bank if it closes above 1000.00 today also.
Buy Indusind bank if sustains above 64.25 for target 74.00
Buy Infosys with strict stoploss 2310.00
Buy Sterlite Industries at current levels with strict stoploss 475.00

Sell Lanco Infratech below 227.00 for target 216.00 and below

Cash Calls:

Buy Gujarat State fertilizer if sustains above 210 for target 225.
Buy Ind Swift Labs if sustains above 86 for target 92 and 96.
Buy Pidilite Ind if sustains above 130 for target 140 and above
Buy SREI Infra if sustains above 65.50 for target 72 and above.

Hold your long positions in (Price in brackets represents stop loss):CNX IT(5495.00), Divis Lab(3075.00), GMR Infra (375.00), IVRCL(415.00), Jet Airways (720.00), Maharastra Seamless(500.50), Orchid Chem(255.00), Polaris(223.00), REL(542.00), Relaince Industires(1355.00), TCS(1258.00) and Wipro(609.00).

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.

Trading Calls for 08Feb07

Nifty: 4224.25 +28.35 Points Sensex: 14643.13 +164.94 Points

FII Activity:
Cash Segment: 543.30 crores net buyers
Index Futures: 327.68 crores net buyers
Stock futures: 70.56 crores net sellers

Advance Decline ratio: 477:541

Outlook for 08Feb 07:
Be cautious at today’s higher levels as the indicies might take a U turn today. The level of 4200 is crucial for Nifty. It might face resistance at 4235 and 4265 and might take support at 4190 and 4170.

Futures Trading Calls:

Buy HCL Tech above 680 for target 710.

Sell Hind Lever at current levels for target 202.
Sell HPCL below 290 for target 280.

Cash Calls:

Buy Aditya Birla Nuv if sustains above 1442 for target 1575.
Buy Aftek Info if sustains above 94 for target 105.
Buy Godstone teleservices at current levels for target 34.
Buy Kale Consultants if sustains above 130 for target 140 and above.
Buy Swaraj Engines if sustains above 173.50 for target 185.00

Hold your long positions in (Price in brackets represents stop loss):CNX IT(5495.00), Divis Lab(3075.00), GMR Infra (375.00), IVRCL(415.00), Jet Airways (720.00), Maharastra Seamless(500.50), Orchid Chem(255.00), Polaris(223.00), REL(525.00), Relaince Industires(1355.00), TCS(1258.00) and Wipro(609.00).

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.

Trading Calls for 07Feb07

Nifty: 4195.90 -19.45 Points Sensex: 14478.19 -19.45 Points

FII Activity:
Cash Segment: 894.48 crores net buyers
Index Futures: 354.90 crores net sellers
Stock futures: 61.15 crores net sellers

Advance Decline ratio: 501:518

Outlook for 07Feb 07:
I expect the markets to be silent today with not much movement. The Nifty should take support at 4180-4170-4140 and should face resistance at 4220-4230.

Futures Trading Calls:

Buy Bank Of Baroda around 247 levels with strict stoploss 245 for target 260
Buy JP Hydro at current levels for target 39.50
Buy Sesa Goa if sustains above 1975 with stoploss 1830.

Cash Calls:

Buy Avaya Global if sustains above 257 for target 310.
Buy Premier Ltd if sustains above 52 for target 60.
Buy Selan Exploration Techno if sustains above 98.00

Hold your long positions in (Price in brackets represents stop loss):CNX IT(5495.00), Divis Lab(3075.00), GMR Infra (375.00), IVRCL(415.00), Jet Airways (720.00), Maharastra Seamless(500.50), Orchid Chem(235.00), Polaris(223.00), REL(525.00), Relaince Industires(1355.00), TCS(1258.00) and Wipro(609.00).

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.

Trading Calls for 06Feb07

Nifty: 4215.35 +31.85 Points Sensex: 14515.90 +112.13 Points

FII Activity:
Cash Segment: 463.44 crores net buyers
Index Futures: 608.39 crores net buyers
Stock futures: 166.83 crores net sellers

Advance Decline ratio: 565:449

Outlook for 06Feb 07:
I feel that the markets will peak out around 4240 and retrace from those levels. For today the Nifty should take support at 4180 and 4160. It should face resistance at 4240 and 4260.

Futures Trading Calls:

Buy IDBI if sustains above 110.50 or target 115.50

Cash Calls:

Buy Ashima Ltd if sustains above 11.20 for target 12.50 and 16.20
Buy Everest kanto cylinders if sustains above 852.00
Buy HFCL at current levels for target 40.00

Hold your long positions in (Price in brackets represents stop loss):CNX IT(5495.00), Divis Lab(3075.00), IVRCL(401.00), Jet Airways (720.00), Maharastra Seamless(500.50), Orchid Chem(235.00), Polaris(206.00), REL(499.00), Relaince Industires(1355.00), TCS(1258.00) and Wipro(609.00).

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.

Trading Calls for 05Feb07

Nifty: 4183.50 +46.30 Points Sensex: 14403.77 +136.59 Points

FII Activity:
Cash Segment: 946.84 crores net buyers
Index Futures: 545.75 crores net buyers
Stock futures: 19.63 crores net buyers

Advance Decline ratio: 534:483

Outlook for 05Feb 07:
Today the markets will definitely open in the positive. We have to wait and watch what it does next. I would still recommend sell long positions at all higher levels. Trade only in small quantities. The level of 4180 is crucial and it should take support at 4164-4141-4125 and should face resistance at 4210 and 4242.

Futures Trading Calls:

Buy GMR at current levels
Tata Chemicals is looking for a breakout. Buy if sustains above 244. Can go up till 260.

Sell India Cements at current levels with strict stop loss 229 for target 214.

Cash Calls:

Buy Bansali Engg Polymers if sustains above 27 for target 29 and 30.50 (low volume stock)
Buy Datamatics Techno if sustains above 81.20 for target 87 and above
Buy Mawana Sugar if sustains above 48.50 for target 53 and 57.

Hold your long positions in (Price in brackets represents stop loss):CNX IT(5495.00), Divis Lab(3075.00), IVRCL(401.00), Jet Airways (720.00), Maharastra Seamless(500.50), Orchid Chem(235.00), Polaris(206.00), REL(499.00), Relaince Industires(1355.00), TCS(1258.00) and Wipro(609.00).

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.

Trading Calls for 02Feb07

Nifty: 4137.20 +54.50 Points Sensex: 14267.18 +176.26 Points

FII Activity:
Cash Segment: 241.76 crores net sellers
Index Futures: 418.54 crores net buyers
Stock futures: 88.03 crores net sellers

Advance Decline ratio: 517:496

Outlook for 02Feb 07:
I am still saying markets are looking weak only. Look at the FIIs figures. They are net sellers in yesterdays up move aswell. The markets are going up to come down only. Use all the higher levels to exit long positions. Trade only in small quantities. Yesterdays up move is a short covering move. The advance decline ratio doesnot reflect the gain in the indicies. For today the Nifty should take support at 4114-4100-4070 and on the higher levels it should face resistance at 4144-4164-4203.

Futures Trading Calls:

Think to buy ABB only if it sustains above 3900. Good upmove possible if closes above this level.
Nalco – One more close above 240 it is heading towards 262 levels.

Cash Calls:

Buy BSEL Infra if sustains above 84.50 for target 96.00
Buy ITI Ltd if sustains above 52.50 for target 65.00
Buy Rohit Ferro Tech at current levels for target 46 and 50.

Hold your long positions in (Price in brackets represents stop loss):CNX IT(5495.00), Divis Lab(3075.00), IVRCL(401.00), Jet Airways (720.00), Maharastra Seamless(500.50), Orchid Chem(235.00), 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):
Ultratech Cement(1085.00)

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.

Trading Calls for 01Feb07

Nifty: 4082.70 -41.75 Points Sensex: 14090.92 -121.04 Points

FII Activity:
Cash Segment: 268.81 crores net sellers
Index Futures: 513.59 crores net sellers
Stock futures: 339.23 crores net sellers

Advance Decline ratio: 288:719

Outlook for 01Feb 07:
Markets are looking weak only. FIIs are selling continuously. It has a good support at 4040-4045 levels. If trades convincingly below these levels then expect a huge correction. For today Nifty level of 4098 is crucial. On the upper side it should face resistance at 4110 and 4140 and on the lower side it should take support at 4067, 4045 and 4012.

Futures Trading Calls:

Buy Tata Tele services (M) if sustains above 25.00 for target 25.70

Sell Bank of India if trades convincingly below 187 for target 182
Sell Corp bank if trades convincingly below 301 for target 293
Sell IPCL if trades convincingly below 276 for target 272
Sell SAIL if trades convincingly below 105.50

Sell Suzlon Energy if closes 2 consecutive days below 1130, it can come down till 950 in the short term.

Cash Calls:

Buy TTML if sustains above 24.75 for target 25.50

Hold your long positions in (Price in brackets represents stop loss):CNX IT(5495.00), Divis Lab(3075.00), IVRCL(390.00), Jet Airways (720.00), Maharastra Seamless(500.50), Orchid Chem(235.00), 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):
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.