Trading Calls for 20Feb07

Nifty: 4164.55 +18.35 Points Sensex: 14402.90 +47.35 Points

FII Activity:
Cash Segment: 5.81 crores net sellers
Index Futures: 437.01 crores net buyers
Stock futures: 116.64 crores net buyers

Advance Decline ratio: 498:534

Outlook for 20Feb07:
Yesterday the indicies moved in a narrow range after the opening up move. The activity in the markets should increase in the next 3 days due to futures roll over. For today the Nifty should face resistance at 4186 and 4200. On the lower side it should take support at 4146 and 4118.

Futures Trading Calls:

Buy Aban Lloyd if sustains above 1975 for target 2040.
Buy NDTV if sustains above 344 with stoploss 325.
Buy SAIL at current levels. It is all set to touch 125 in a few trading sessions. Possibly today itself.

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

Cash Calls:

Buy Aban Lloyd if sustains above 1970 for target 2040.
Buy NDTV if sustains above 343 with stoploss 325.
Buy SAIL at current levels. IT is all set to touch 125 in a few trading sessions.

Hold your long positions in (Price in brackets represents stop loss):
Bank Nifty (5500, target 5990), GMR Infra (409.00), Lanco Infra (204.00) and Wipro(656.00).

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.