Outlook and Trading Calls for 28Mar07
Nifty: 3819.95 -41.10 Points Sensex: 13124.32 -161.61 Points
FII Activity:
Cash Segment: 58.07 crores net buyers
Index Futures: 136.32 crores net buyers
Stock futures: 68.51 crores net sellers
Advance Decline ratio: 297:742
Outlook for 28Mar07:
The markets are all set to open in negative on back of the global markets. FIIs have bought in the falling market on Monday. There is all possibility that the markets will recover in the later part of the day. The 20 point premium on Nifty futures both in March and April is the cause for concern. For today Nifty should take support at 3790-3768-3720 and should face resistance at 3830-3854-3887.
Futures Trading Calls:
Buy Sesa Goa at current levels for target 1835.
Cash Calls:
Buy Shakti Sugars if sustains above 71 for target 80.
1 Comments:
this resistance level and support is good one.. but i think today banks should move highly volatile..with some down trend...
and recovery of nifty is not looking in picture... could open sideways
By gaurav..., at 9:49 AM
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