Trading Calls for 14Feb07

Nifty: 4044.55 -13.75 Points Sensex: 14090.98 -99.72 Points

FII Activity:
Cash Segment: 385.11 crores net sellers
Index Futures: 128.81 crores net buyers
Stock futures: 91.69 crores net sellers

Advance Decline ratio: 382:624

Outlook for 14Feb07:
The markets have exhibited weakness by bouncing back early in the morning yesterday. 4040 is proving to be a good support on a closing basis. The nifty futures gap at 3969 has to be filled up and it is sure to come down till there. For today the Nifty can take support at 4017-3987-3954 and should face resistance at 4058-4100-4135.

Futures Trading Calls:

Sell Bank Nifty at current levels for target 5800.
Sell BHEL if remains below 2270 for target 2225.
Sell GSK Pharma if remains below 1085 for target 1060.
Sell Grasim if remains below 2690 for target 2630.

Buy Union Bank of India if sustains above 114.00

(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):GMR Infra (388.00) 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.