Outlook and Trading Calls for 02April07

Nifty: 3821.55 +23.45 Points Sensex: 13072.10 +92.44 Points

FII Activity:
Cash Segment: 639.68 crores net buyers
Index Futures: 427.90 crores net sellers
Stock futures: 50.69 crores net buyers

Advance Decline ratio: 744:295

Outlook for 02Apr07:
After RBI announced the hike in repo rates and CRR rates on Friday evening everybody is expecting a manic Monday. I would suggest to stay out. Do not go short, it may not give you a chance to cover it later in the day. Bank stocks and interest rate related stocks are expected to be worst hit. For today, Nifty should take support at 3765-3715-3675 and should find resistance at 3831-3860.

Futures Trading Calls:

Sell Dabur at current levels for target 86.

Cash Calls:

No Calls for 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.