Outlook and Trading Calls for 21Mar07

Nifty: 3697.60 +18.70 Points Sensex: 12705.94 +60.95 Points

FII Activity:
Cash Segment: 147.25 crores net buyers
Index Futures: 343.79 crores net buyers
Stock futures: 211.20 crores net buyers

Advance Decline ratio: 591:439

Outlook for 21Mar07:
Markets continue to go up with low volumes. Sensex has faced resistance at the level of 12800 which was earlier a strong support area. This will be a major hurdle for the sensex going forward. For today, the Nifty will face resistance at 3728-3744-3782 and should take support at 3655-3628-3575. The asian markets are rallying for the fifth consecutive day and our markets are all set to open in the green and there is all possibility that it might close in red.

Futures Trading Calls:

Buy Jet Airways if sustains above 643 for target 690.
Buy Ultratech cement if sustains above 625 for target 670.

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.