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.