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.