Outlook and Trading Calls for 15Mar07

Nifty: 3641.10 -129.45 Points Sensex: 12529.62 -453.36 Points

FII Activity:
Cash Segment: 541.37 crores net sellers
Index Futures: 1104.05 crores net sellers
Stock futures: 192.84 crores net sellers

Advance Decline ratio: 191:839

Outlook for 15Mar07:
There will be a bounce back in the opening but the factor to watch is whether the bounce will hold or not. The bounce should be on the global rebound coupled by short covering. I would advise selling on every higher level. For today the Nifty should face resistance at 3680-3716-3780 and should take support at 3618-3570-3550.

Futures Trading Calls:

Sell Nagarjuna Constructions at current levels with stop loss 164 for target 140.

Cash Calls:

No Calls today.

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.