Market Outlook and trading Calls for 18April07

Nifty: 3984.95 -28.40 Points Sensex: 13607.04 -88.54 Points

FII Activity:
Cash Segment: 304.66 crores net buyers
Index Futures: 398.37 crores net buyers
Stock futures: 106.89 crores net sellers

Advance Decline ratio: 384:675

Outlook for 18Apr07:
Yesterdays fall was a technical one and also profit booking by some institutions. It should resume its upward journey again today. The global markets are marginally positive and this will boost our sentiments. The Dow Jones industrial average is close to its all time high. All the biggies posted results in line with expectations in the US. There is no negative news except for the appreciating rupee. The FII buy figures in index futures for the past two days are very encouraging. For today, the Nifty should take support at 3965-3942-3907 and should find resistance at 4013-4044-4066.

Futures Trading Calls:

Buy Century textiles at current levels for target 592. Have a stop loss of 545.

Cash Calls:

Buy Aegis Logistics if sustains above 151for target 170.
Buy Kopran Ltd if sustains above 28 and can go up till 36.

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.