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.