Trading calls for 15Feb07

Nifty: 4047.10 +2.55 Points Sensex: 14009.90 -81.08 Points

FII Activity:
Cash Segment: 164.64 crores net sellers
Index Futures: 246.91 crores net sellers
Stock futures: 450.82 crores net sellers

Advance Decline ratio: 436:581

Outlook for 15Feb07:
The Nifty has still not decisively shown strength. There might by minor reversals but the down side is still left. Have a look at the FII figures, they have sold in all sections. For Thursday the nifty might take support at 4014 and 3954. It should face resistance at 4058-4100-4140.

Futures Trading Calls:

Buy Bank Nifty at current levels with strict stoploss of 5500.00
Buy Gateway Distriparks if sustains above 172 for target 188.
Buy Hindustan Const Co if sustains above 125 for target 138.
Buy IFCI if sustains above 30 for target 33 and above
Buy Lanco Infratech if sustains above 206.50
Buy Matrix labs if sustains above 218.50 for target 235.
Buy Reliance Petro if sustains above 69.50

If the above scripts are showing resistance at the mentioned levels, one can take a chance and short them.

(Please ensure the mentioned stocks trade convincingly above/below the mentioned levels below entering into trade).

Cash Calls:

Buy Prajay Industries if sustains above 403.
Buy Punjab Tractors if sustains above 343.
Buy Rolta if sustains above 355.

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.