Market Outlook for 04may07

Nifty: 4150.85 +62.95 Points Sensex: 14078.21 +205.84 Points

FII Activity:
Cash Segment: 69.70 crores net buyers
Index Futures: 537.66 crores net buyers
Stock futures: 30.47 crores net buyers

Advance Decline ratio: 688:365

Outlook for 04May07:
Yesterday the markets gained substantially led by Reliance Industries. I am not convinced that the markets will go any further from these levels. I would advise selling Nifty futures if markets open strong today. There is no trend available for today from the global markets. For today, the Nifty should resistance at 4165-4190-4226 and should find support at 4140-4108-4064.

Futures Trading Calls:

No calls today.

Cash Calls:

No calls today.

Please Note: All calls are for swing trading and should ideally hit the target within 8-10 trading sessions. Any calls other than swing calls will be specifically mentioned.

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.