Trading Calls for 22Feb07

Nifty: 4096.20 -10.75 Points Sensex: 14188.49 -64.89 Points

FII Activity:
Cash Segment: 197.66 crores net sellers
Index Futures: 384.98 crores net sellers
Stock futures: 175.45 crores net sellers

Advance Decline ratio: 424:588

Outlook for 22Feb07:
Today is the day of F&O settlement and the markets are expected to be very volatile. It can just flair up in the last 30 mins of trade. The Nifty for today should face resistance at 4108 and 4138 and should take support at 4060 and 4047.

Futures Trading Calls:

Buy IFCI March Futures at current levels for target 34.00
Buy Jindal Stainless March Futures if sustains above 129.00
Buy Zee Tele march futures if sustains above 264.00

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

Cash Calls:

Buy Aptech if sustains above 254.50 with stoploss 225.

Hold your long positions in (Price in brackets represents stop loss):GMR Infra (409.00) 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.