Outlook for 13Mar07

Nifty: 3734.60 +16.60 Points Sensex: 12902.63 +17.64 Points

FII Activity:
Cash Segment: 130.53 crores net buyers
Index Futures: 864.54 crores net buyers
Stock futures: 48.50 crores net buyers

Advance Decline ratio: 632:390

Outlook for 13Mar07:
The markets appear like opening flat, but there is all possibilities that it will recover to close in positive. The markets are in a state of indecisiveness but the needle looks like tilting in favour of the bears. The Nifty should face resistance at 3787 and 3808 and should take support at 3715-3675-3654.

Futures Trading Calls:

Sell ITC at current levels for target 144.
Sell Reliance Industries at current levels with stoploss 1340 for target 1200.

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.