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.