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.