Market Outlook and Trading Calls for 29Jun07

Nifty: 4282.00 +18.05 Points Sensex: 14504.57 +73.51 Points

FII Activity:
Cash Segment: 398.11 crores net sellers
Index Futures: 538.35 crores net buyers
Stock futures: 393.42 crores net sellers

Advance Decline ratio: 588:499

Outlook for 29Jun07:
Yesterday, the June F&O series expired and we are starting July series from today onwards. The roll over was better then last month’s roll over. The Nifty July future is trading at a discount of 30 points which is high. Coming to the global markets, the US closed flat after the federal reserve decided not to change the interest rate. This was anticipated by many of the analyists, hence no reaction to the news. The Asian markets today morning is showing mixed trend. This means that we do not have any global cues to follow today morning. We have to trade on our own and traditionally the first day of any F&O series has been good for bulls. Technically the spot Nifty is close to its all time closing high and break and close can take to higher levels. For today, the Nifty should face resistance at 4298-4306-4325 and should take support at 4270-4256-4243.

Futures Trading Calls:

Sell BEL if sustains below 1790 for target 1760.
Sell India Infoline if sustains below 730 for target 715.
Sell Orchid Chem if sustains below 242 for target 234.
Sell Polaris if sustains below 149 for target 145.
Sell Reliance capital if sustains below 1066 for target 1043.
Sell UTI Bank if closes below 571, can take this stock to 530.

Cash Trading Calls:

Buy Eastern Silk Industries if sustains above 302 for target 323.
Buy Mangalam Cement if sustains above 165.50 for target 172 and 180.

Points to Note:
1. All calls are for swing trading and should ideally hit the target within 5-6 trading sessions. Any calls other than swing calls will be specifically mentioned.
2. The calls provided on day 0 holds good for the next 2-3 trading sessions if sustains above/below the mentioned levels.

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.

Market Outlook and trading Calls for 28Jun07

Nifty: 4263.95 -21.75 Points Sensex: 14431.06 -70.02 Points

FII Activity:
Cash Segment: 567.33 crores net sellers
Index Futures: 549.92 crores net sellers
Stock futures: 391.24 crores net sellers

Advance Decline ratio: 455:630

Outlook for 28Jun07:
Today the markets will open in the positive backed by good global markets. It will be very volatile as today is the expiry of June F&O contracts. It appears that this is the last opportunity for traders to cover long positions. It is advisable to avoid taking long positions in July series. It is advisable to sell Nifty 4300 calls around 100 rupees. Construction stocks are looking to make a come back and good amount of short covering is expected in technology stocks. For today, the Nifty might face resistance at 4292-4312-4328 and should take support at 4247-4230-4212.

Futures Trading Calls:

Aditya Birla Nuvo Buy if sustains above 1373 for target 1424
Sell if sustains below 1285 for target 1240 and 1210.
Buy Idea at current levels for target 129 with stop loss 118.50
Buy Kotak Mahindra Bank if sustains above 646 for target 680.
Buy Shoba Developers if sustains above 940 for target 983.
Buy Sterlite Opticals if sustains above 243 for target 256.

Sell Bajaj Hindustan if sustains below 151.50 for target 135.
Sell Bank Of Baroda if sustains below 255 for target 250.
Sell IDFC if manages to close below 129.50 for target 121.50
Sell Power Finance Corp if sustains below 140 for target 136 and 132.
Avoid Long positions in Punj Lloyd.
Sell Tata Chemicals if sustains below 239 for target 232.

Cash Market Calls:

Buy C&C constructions if sustains above 212 for target 225.

Points to Note:
1. All calls are for swing trading and should ideally hit the target within 5-6 trading sessions. Any calls other than swing calls will be specifically mentioned.
2. The calls provided on day 0 holds good for the next 2-3 trading sessions if sustains above/below the mentioned levels.

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.

Market Outlook and Trading Calls for 27Jun07

Nifty: 4285.70 +26.30 Points Sensex: 14501.08 +13.36 Points

FII Activity:
Cash Segment: 241.46 crores net sellers
Index Futures: 322.36 crores net buyers
Stock futures: 392.35 crores net sellers

Advance Decline ratio: 580:498

Outlook for 27Jun07:
Finally, yesterday both the Sensex and Nifty closed above my desired level of 14500 and 4270. I am bullish in this market for next few days for Sensex target of 14750 and Nifty target of 4350. The US markets are cautious ahead of the fed meet for the next two days. If the Asian markets trade in positive it should be sufficient for us to open in the positive and short covering will do the rest. In that case expect a blast upto 4320 today itself. Reliance Industries is silent for the last few days and it is time for it to participate in the next rally. For today, the Nifty should find resistance at 4305-4326-4339 and should take support at 4280-4256-4256.

Futures Trading Calls:

Buy ABB if sustains above 4850 for target 5000.
Buy Bharti Airtel if sustains above 855 for target 867.
Buy Crompton Greaves if sustains above 258 for target 265.
Buy GAIL at current levels for target 315.
Buy Kesoram Industries at current levels for target 424.
Buy Reliance Communications at current levels for target 537.
Buy Suzlon if sustains above 1445 for target 1510.

Sell Amtek Auto if closes in negative today for target 390.
Sell HPCL if sustains below 260 for target 254 and 244.

Cash Market Calls:

Buy Bartronics at current levels for target 151.
Buy Bell Ceramics if sustains above 15 for target 18.
Buy Ramco Industries if sustains above 843 for target 1010.
Buy Talbros Auto Comp if sustains above 66.60 for target 71.
Buy Valecha Engg if sustains above 273 for target 288.

Points to Note:
1. All calls are for swing trading and should ideally hit the target within 5-6 trading sessions. Any calls other than swing calls will be specifically mentioned.
2. The calls provided on day 0 holds good for the next 2-3 trading sessions if sustains above/below the mentioned levels.

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.

Market Outlook and Trading Calls for 26Jun07

Nifty: 4259.40 +7.35 Points Sensex: 14487.72 +7.35 Points

FII Activity:
Cash Segment: 19.84 crores net buyers
Index Futures: 765.59 crores net sellers
Stock futures: 235.46 crores net sellers

Advance Decline ratio: 547:539

Outlook for 26Jun07:
Yesterday, again the markets did what it used to do the last week. It moved against the day’s trend in the last few minutes of trade to close almost at the day’s highs. Technically, markets will give a good up move only if it closes above 4270. Yesterday the FIIs have sold more than 750 crores of index futures. The global markets are not supportive today. The US markets after opening and trading at higher levels gave up all the gains in the last session to close in negative ahead of new house data expected today. The Asian markets have a mixed trend. Our markets might open sluggishly, but looks like it will gain momentum as the day progresses and close above 4270. For today, the Nifty should take support at 4236-4222-4185 and should face resistance at 4280-4302-4328.

Futures Trading Calls:

One more close for CNX IT below 5170 will take it to 5000.
Sell Hind Unilver if sustains below 186 for target 180.

Cash Market Calls:

Buy JK Lakshmi Cement if sustains above 118 for target 130 and 134.
Buy Maral Overseas if sustains above 17.70 for target 19.25
Buy Shah Alloys if sustains above 94 for target 105 and 116.
Buy Yes Bank if sustains above 174.50 for target 190.

Points to Note:
1. 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.
2. The calls provided on day 0 holds good for the next 2-3 trading sessions if sustains above/below the mentioned levels.

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.

Market Outlook and Trading Calls for 25Jun07

Nifty: 4252.05 -15.35 Points Sensex: 14467.36 -31.88 Points

FII Activity:
Cash Segment: 28.23 crores net sellers
Index Futures: 212.42 crores net sellers
Stock futures: 67.82 crores net buyers

Advance Decline ratio: 492:583

Outlook for 25Jun07:
On Friday, the Nifty closed at 4252 missing my expected close of 4255 by 3 points. Similarly, on Thursday also the Nifty closed at 4267 missing my expected level of 4270. This is not giving me a comfortable feeling. On Friday, the US and the European markets lost close to a percent. The local news is also not so good with SEBI banning Karvy stock broking for the period of 3 months. If the Asian markets trade in the negative on Monday, then there is a good possibility of panic selling in the morning. Please do not give away and sell positions. The markets are weak only if Nifty closes below 4130. Sector wise, banking is interestingly poised. If Bank nifty future closes above 6575 there can be a blast till 6900. For today, the Nifty should take support at 4218-4205-4182 and should face resistance at 4270-4298-4325.

Futures Trading Calls:

Buy Bank Of India if sustains above 227 for target 240.
Buy Financial Tech if sustains above 2910 for target 2990.
Buy HDFC Ltd if sustains above 1895for target 1975.
Buy Hindalco at current levels for target 175 with stoploss 162.
Buy M & M if manages to close above 745 for target 780.
Buy Matrix Labs if sustains above 266 for target 278.
Buy MRPL at current levels for target 43.50 with stop loss 40.40
Buy NDTV if sustains above 408 for target 435.
Buy Seimens if sustains above 1065 for target 1115.
Buy Tata Chemicals if sustains above 247 for target 257.
Buy VSNL if closes above 490 for target 515.

Sell GTL if sustains below 221.25 for target 209.
Sell Patni Computers at current levels for target 503.
Sell Prajay Industries if sustains below 487 for target 478 and 461.
Sell Rolta if sustains below 452 for target 420.
Sell SAIL if sustains below 131 fir target 127.30
Sell Satyam Computers if closes below 461 for target 454.

Cash Market Calls:

Buy Gati if sustains above 104 for target 110.
Buy Kajaria Ceramics if sustains above 28 for target 30 and 36.
Buy PBA Infrastructure if sustains above 80.50 for target 85 and 95.
Buy Surya Pharmaceuticals if sustains above 80.50 for target 86 and 94.

Points to Note:
1. All calls are for swing trading and should ideally hit the target within 5 trading sessions. Any calls other than swing calls will be specifically mentioned.
2. The calls provided on day 0 holds good for the next 2-3 trading sessions if sustains above/below the mentioned levels.

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.

Market Outlook and Trading Calls for 22Jun07

Nifty: 4267.40 +18.75 Points Sensex: 14499.24 +87.29 Points

FII Activity:
Cash Segment: 144.49 crores net buyers
Index Futures: 31.32 crores net sellers
Stock futures: 212.98 crores net sellers

Advance Decline ratio: 598:477

Outlook for 22Jun07:
The markets are interestingly poised and appears to make a bullish break out very soon. If the spot nifty manages to close above 4255 today then expect new highs in the coming week. Among all, the bank Nifty is looking very interesting. If manages to close above 6575 then expect 6900 very shortly. There has been good buying in the 4300 calls which suggests that the call writers were covering their shorts on fears of market breaching 4300 levels. The US markets managed to close in the positive whereas the Asian markets are not supportive and are trading in the red. There is good possibility that we may open in the red but the point to watch is the close. If nifty recovers to close above 4290 then there is nothing stopping it to hit the new highs. For today, the Nifty should take support at 4245-4220-4200 and should face resistance at 4291-4307-4325.

Futures Trading Calls:

Buy Bank Nifty if it manages to close above 6575 for target 6900.
Buy Canara Bank at current levels for target 270.
Buy century textiles at current levels for target 700.
Buy Hind constructions if sustains above 114.50 for target 120.
Buy JP Associates if manages to close above 720 for target 750.
Buy Kotak Bank if sustains above 645 for target 675 with stop loss 626.
Buy Maharastra seamless at current levels for target 675 with stoploss 635.
Buy MRPL if manages to close above 42.85 for target 45.80
Buy PNB at current levels with stoploss 510 for target 550.
Buy Rajesh exports if sustains above 563 for target 600.
Buy SBI if sustains above 1485 for target 1585.

Sell Aban Offshore at current levels for target 2925.
Sell Educomp if sustains below 2090 for target 1970.
Sell Union Bank if sustains below 126.40 for target 122 and 119.

Cash Market Calls:

Buy Fedders Lloyd if manages to close above 160 for target 202.
Buy Heritage Foods at current levels for target 270 and 300.
Buy India foils if sustains above 8.20 for target 9.30 and 10.00
Buy Sical Logistics if closing above 300 for target 360.

Points to Note:
1. 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.
2. The calls provided on day 0 holds good for the next 2-3 trading sessions if sustains above/below the mentioned levels.

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.

Trading Calls for 21Jun07

Nifty: 4248.65 +34.35 Points Sensex: 14411.95 +116.45 Points

FII Activity:
Cash Segment: 242.29 crores net buyers
Index Futures: 651.85 crores net buyers
Stock futures: 172.24 crores net buyers

Advance Decline ratio: 656:419

Outlook for 21Jun07:

Futures Trading Calls:

Buy Gateway Distriparks if sustains above 203 for target 215.
Buy Guj Amb Cem if sustains above 118.50 for target 123.50
Buy Hindustan Construction if sustains above 105.50 for target 110.50

Cash Market Calls:

Buy JBF Industries if sustains above 140.50 for target 156.

Points to Note:
1. 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.
2. The calls provided on day 0 holds good for the next 2-3 trading sessions if sustains above/below the mentioned levels.

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.

Market Outlook and Trading Calls for 20Jun07

Nifty: 4214.30 +67.20 Points Sensex: 14295.50 +215.36 Points

FII Activity:
Cash Segment: 171.71 crores net buyers
Index Futures: 744.30 crores net buyers
Stock futures: 108.42 crores net sellers

Advance Decline ratio: 613:461

Outlook for 20Jun07:
Yesterday our markets bucked the global trend to close with gains. I cannot think of any other reason other than short covering for this move. The trimming of Nifty futures discount from 20 points to 1 point proves this point. The advance decline ratio shows that the gains were largely confined to the large cap stocks. It was the beaten down stocks like the reliance Industries, ONGC and the banks which helped in taking indices higher. The cement sector is looking for a bounce and can do well in this week. The US markets closed marginally in the green yesterday and the Asian markets are also trading in green at this time. It appears that we will continue from where we left yesterday and should open in the positive. Technically, closing of spot Nifty and Nifty futures above 4200 is a good sign. For today, the Nifty should take support at 4245-4270-4295 and should face resistance at 4196-4170-4140.

Futures Trading Calls:

Buy ACC if sustains above 855 for target 895.
Buy Century Textiles if sustains above 637 for target 655.
Buy Grasim if sustains above 2465 for target 2530.
Buy ICICI Bank if sustains above 960 for target 995.
Buy India Cements if sustains above 183 for target 190.
Buy India Infoline if sustains above 682 for target 740.
Buy Siemens if sustains above 1360 for target 1400.
Buy Sterlite Industries at current levels for target 570 and 585.
Buy Union Bank if sustains above 133 for target 140.

Sell TCS at current levels for target 1125 with strict stop loss 1180.
Sell Amtek Auto if sustains below 403 for target 396.

Cash Market Calls:

Buy Cambridge Solutions if sustains above 140 for target 147 and 155.
Buy Transport Corp of India if sustains above 98.50 for target 105.

Points to Note:
1. 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.
2. The calls provided on day 0 holds good for the next 2-3 trading sessions if sustains above/below the mentioned levels.

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.

Market Outlook and Trading Calls for 19Jun07

Nifty: 4147.10 -24.35 Points Sensex: 14080.14 -82.57 Points

FII Activity:
Cash Segment: 88.36 crores net sellers
Index Futures: 646.91 crores net buyers
Stock futures: 57.31 crores net buyers

Advance Decline ratio: 397:678

Outlook for 19Jun07:
The markets are in the habit of taking off the day’s gains or losses in the last 30-45 mins of trade. Yesterday with so many positive cues there was no reason for our markets to close in the negative. This is clearly showing that we are underperforming the global markets. Today there are no global cues available as all the markets are trading flat. In any case it is still not the time to go short as well. Short sell only if spot Nifty closes below 4110 level. At the same time it is bit risky to trade long as well. Buy only if spot Nifty closes above 4200 level. Technology stocks are crucially poised. There can be a big fall from here and at the same time can bounce back big time as well. For today, the Nifty should take support at 4124-4105-4083 and should face resistance at 4170-4200-4220.

Futures Trading Calls:

Buy Praj Industries at current levels with strict stop loss 499 for target 535.
Buy Patni Computers at current levels with strict stop loss 517 for target 535.

Sell Oswal Chem and fert if sustaisn below 37.20 for target 35.20 and 33.50
Sell Bajaj Hindustan at current levels for target 155.

Cash Market Calls:

Buy Petron Engg if sustains above 195 for target 205 and 230.

Points to Note:
1. 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.
2. The calls provided on day 0 holds good for the next 2-3 trading sessions if sustains above/below the mentioned levels.

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.

Market Outlook and Trading Calls for 18Jun07

Nifty: 4171.45 +1.45 Points Sensex: 14162.71 -41.01 Points

FII Activity:
Cash Segment: 44.78 crores net sellers
Index Futures: 271.26 crores net buyers
Stock futures: 187.03 crores net sellers

Advance Decline ratio: 562:519

Outlook for 18Jun07:
The markets last week managed to consistently over the 4140 mark showing some strength. I expect this strength to carry on in this week too and go to much higher levels. Weakness only if it closes below 4110 levels. Banking, Technology and infrastructure stocks are expected to gain in this week. Autos and cement should bounce back as well. The global markets are also supportive with FTSE hitting a 52 week high on Friday. There are rumors on the streets that the sensex will lose 1000 points on Monday because of a CBDT circular. I would advise not to bother too much about this and in case this happens use the fall to enter long positions. For Monday, the Nifty should face resistance at 4188-4220-4240 and should take support at 4161-4145-4126.

Futures Trading Calls:

Buy United Phosphorus if sustains above 321 for target 335 and 345.
Buy Lanco Infratech if sustains above 202 for target 215.
Buy Reliance Industries at current levels for target 1702 and 1722 with stop loss 1075.

Sell Jindal Stainless if sustains below 143 for target 140.
Sell NTPC at current levels for target 148.
Sell Punj Lloyd if sustains below 237 for target 227.

Cash Market Calls:

Buy GTL Infra if sustains above 48 for target 56.25
Buy Guj Florochem if sustains above 705 for target 750.
Buy Hind Organic Chem if sustains above 43 for target 50 and 62.

Points to Note:
1. 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.
2. The calls provided on day 0 holds good for the next 2-3 trading sessions if sustains above/below the mentioned levels.

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.

Market Outlook and Trading Calls for 15Jun07

Nifty: 4170.00 +56.95 Points Sensex: 14203.72 +200.69 Points

FII Activity:
Cash Segment: 34.13 crores net buyers
Index Futures: 428.50 crores net buyers
Stock futures: 115.09 crores net buyers

Advance Decline ratio: 811:257

Outlook for 15Jun07:
The markets made good gains yesterday and might continue to do so today in the first half as well. The global markets are strong and have gains of more then 0.5% in all the major markets. The FIIs have covered almost 500 crores out of 5000 crores short positions built in index futures. Technically the markets held out the important level of 4140 for three days then broke down to take support at 4110 which was the 50 days moving average and bounced back. This is a good sign and can assume that there will not be much down side left. At the same time, if the spot Nifty closes below 4110 it can come down till 3900. For today, the Nifty should face resistance at 4188-4198-4217 and should take support at 4150-41404127.

Futures Trading Calls:

Buy Infosys at current levels for target 2045 and 2100.
Buy GTL at current levels for target 240.
Buy Petronet LNG if sustains above 56.50 for target 59.25
Buy Relaince Capital if sustains above 1025 for target 1080.

Cash Market Calls:

No Calls today.

Points to Note:
1. 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.
2. The calls provided on day 0 holds good for the next 2-3 trading sessions if sustains above/below the mentioned levels.

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.

Market Outlook and Trading Calls for 14Jun07

Nifty: 4113.05 -42.15 Points Sensex: 14003.3 -127.92 Points

FII Activity:
Cash Segment: 294.16 crores net sellers
Index Futures: 848.58 crores net sellers
Stock futures: 449.07 crores net sellers

Advance Decline ratio: 432:646

Outlook for 14Jun07:
Again, following the trend from the past few days the markets lost a lot of points in the last few minutes of trade to close below the crucial level of 4140 and above the next support level of 4110. The FIIs have sold again yesterday taking their total for the last 6 days to 5000 crores. This suggests that the undertone in the market is weak. The global markets showed strength yesterday and we should open in the positive with a gap up opening. Short covering will push the market further up, but it is safe to short sell at all higher levels. Long term investors are still advised to stay out of the market as they will definitely get better levels in the coming days. For today, the Nifty should find resistance at 4148-4161-4180 and should take support at 4109-4078-4056.

Futures Trading Calls:

Buy HDFC Bank at current levels for target 1110 with stop loss 1068.
Buy NDTV at current levels for target 378.
Buy Nicholas Piramal at current levels for target 300.
Buy Rajesh Exports at current levels with stop loss 498 for target 528.
Buy Reliance Industries at current levels with stop loss 1670 for target 1705.

Sell Patni computers if sustains below 510 for target 495.
Sell Tata Power at higher levels with stop loss 585 for target 560.

Cash Market Calls:

Buy Aarti Industries if sustains above 33.25 for target 40 and 44.
Buy Pochiraju Industries if sustains above 28 for target 32 and 40.

Points to Note:
1. 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.
2. The calls provided on day 0 holds good for the next 2-3 trading sessions if sustains above/below the mentioned levels.

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.

Market Outlook and Trading Calls for 13Jun07

Nifty: 4155.20 +9.60 Points Sensex: 14130.95 +47.54 Points

FII Activity:
Cash Segment: 335.30 crores net buyers
Index Futures: 684.59 crores net sellers
Stock futures: 86.24 crores net buyers

Advance Decline ratio: 300:777

Outlook for 13Jun07:
Yesterday the markets did exactly the opposite of what it did on the last 2 days. The bulls gained momentum in the last half hour of trade and managed to close above the support level of 4140 even though it looked impossible around 2.45 pm. There is no much strength or upside in the market on an intraday basis as the global cues, yesterday’s advance decline ratio and the FII figures show negativity. In case the markets open in positive or if goes to positive territory during the course of the day, it is a good opportunity to sell. The ten year bond yields in the US are at its 5 year high. The Asain markets have followed them and opened in negative today. The cement sector is looking for a bounce back. For today, the Nifty should face resistance at 4170-4200-4220 and should take support at 4130-4111-4090.

Futures Trading Calls:
Buy Grasim if sustains above 2422 for target 2460.
Buy India Cements if sustains above 177 for target 190.

Cash Market Calls:

No calls for today.

Points to Note:
1. 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.
2. The calls provided on day 0 holds good for the next 2-3 trading sessions if sustains above/below the mentioned levels.

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.

Market Outlook and Trading Calls for 12Jun07

Nifty: 4145.60 +0.60 Points Sensex: 14083.41 +19.60 Points

FII Activity:
Cash Segment: 26.12 crores net sellers
Index Futures: 340.72 crores net buyers
Stock futures: 276.59 crores net buyers

Advance Decline ratio: 414:662

Outlook for 12Jun07:
Yesterday the markets repeated what it did on Friday by losing all its gains in the last half hour of trade. As expected 4140 is proving to be a very good support on a closing basis. Flat US markets and weak asian markets suggests that there is a good possibility that the Nifty might close that decisive level of 4140. Construction stocks are looking weak ahead of the DLF IPO. No great strength is displayed by banks as well. Ight now, it appears that only the technology sector will be the one to hold the markets. For today, the Nifty should take support at 4128-4110-4071 and should take support at 4160-4173-4186.

Futures Trading Calls:

Sell Bata if sustains below 161.50 for target 150.
Sell McDowell if sustains below 1095 for target 1068.
Sell Polaris if sustains below 161 for target 155.
Sell Tata Steel if sustains below 575 for target 565 and 550.

Cash Market Calls:

No calls for today.

Points to Note:
1. 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.
2. The calls provided on day 0 holds good for the next 2-3 trading sessions if sustains above/below the mentioned levels.

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.

Market Outlook and Trading Calls for 11Jun07

Nifty: 4145.00 -34.50 Points Sensex: 14063.81 -122.37 Points

FII Activity:
Cash Segment: 974.78 crores net sellers
Index Futures: 507.55 crores net sellers
Stock futures: 409.77 crores net sellers

Advance Decline ratio: 357:721

Outlook for 11Jun07:
On Friday, the markets lost all its gains from the lows of the day in the last 30 minutes showing further weakness in the markets, but the Nifty managed to close above the support level of 4140. This will help the markets bounce back today. The triple digit gain by Dow Jones and the gains in the other global markets will help our markets to open in the positive today. Long term investors are still advised to stay out as the bounce may not sustain for long. As expressed in earlier posts, the trading range for the Nifty is 4140-4270 on a closing basis and think to go long in this market if closes above 4270 only. Day traders can play for the bounce today. Tech stocks are looking for the bounce back as the rupee rallies past 41.00 against the dollar in intraday. For today, the Nifty should find resistance at 4165-4196-4228 and should take support at 4115-4075-4040.

Futures Trading Calls:

Buy TCS if sustains above 1232 for target 1287.
Buy Aurobindo Pharma if sustains above 777. Exit level will be provided later. Right now, nothing is stopping this stock.
Buy Hindalco at current levels for target 163.

Sell Dr.Reddy’s Labs if sustains below 626 for target 606.

Cash Market Calls:

Buy Emkay share and stock brokers if sustains above 84.50 for target 90 and 95.
Buy GSPL if sustains above 61 for target 65.
Buy Talbros Automotive if sustains above 62.50 for target 65 and 69.
Buy Valecha Engineering if sustains above 255 for target 267 and 283.

Points to Note:
1. 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.
2. The calls provided on day 0 holds good for the next 2-3 trading sessions if sustains above/below the mentioned levels.

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.

Market Outlook and Trading Calls for 08Jun07

Nifty: 4179.50 -18.75 Points Sensex: 14186.18 -69.75 Points

FII Activity:
Cash Segment: 287.17 crores net sellers
Index Futures: 1613.21 crores net sellers
Stock futures: 106.10 crores net buyers

Advance Decline ratio: 393:673

Outlook for 08Jun07:
Needless to say, the markets will open in the negative today. The global markets are weak and most of them are down more than 1.5%. Yesterday, even though markets behaved in the manner which suggested a bounce back the FII’s were selling and have sold more in index futures than the day before. It did take support at 4140 and bounced back but it will definitely test those levels again today. On an intraday basis the Nifty will definitely trade below this level but the point to watch is whether it can close above that level. I expect some short covering in the later session and the markets can bounce back from the lows. If the spot Nifty closes below 4140 then expect another 100 points correction from those levels. Bank, auto and steel stocks are looking weak. For today, the Nifty should take support at 4148-4130-4104 and should find resistance at 4184-4224-4256.

Futures Trading Calls:

Buy IFCI if sustains above 52.25 for target 54.75
Buy Mphasis BFL if sustains above 334 for target 350.
Buy Sesa Goa if sustains above 1725 for target 1810.
Buy Wipro if sustains above 552 for target 580.

Sell Bajaj Auto if sustains below 2110 for target 2990.
Sell Jindal stainless at current levels for target 139 and 133.
Sell Nagarjuna Fertilizers if sustains below 21 for target 19.60
Sell Voltas if sustains below 92 for target 89.

Cash Market Calls:

Buy Balaji Telefilms if sustains above 218 for target 250.
Buy Sical Logistics if sustains above 275 for target 298.

Points to Note:
1. 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.
2. The calls provided on day 0 holds good for the next 2-3 trading sessions if sustains above/below the mentioned levels.

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.

Market Outlook and Trading Calls for 07Jun07

Nifty: 4198.25 -86.40 Points Sensex: 14255.93 -279.08 Points

FII Activity:
Cash Segment: 230.97 crores net sellers
Index Futures: 1521.94 crores net sellers
Stock futures: 72.50 crores net buyers

Advance Decline ratio: 236:849

Outlook for 07Jun07:
Yesterday the markets showed first signs of weakness by falling 100 points from the highs. As advised a few days back the SPOT NIFTY level of 4140 is the level to watch out for. If the Nifty CLOSES below 4140 today then there is at least another 100 points downside from there on else, the markets might bounce back from these levels. Watch out for this level before taking a directional call on the markets. The Nifty heavy weights like Reliance Industries and ONGC is trading below their support levels and SBI is right on the support line and on the verge of break down. The ECB has increased the interest rate by 25 basis points to 4% and the fear of similar rate hike by fed is pulling the US markets down. For today, the Nifty should take support at 4161-4138-4118 and should face resistance at 4220-4255-4298.

Futures Trading Calls:

Sell Bank Nifty if sustains below 6270 for target 6000.
Sell SBI if sustains below 1370 for target 1290.
Sell Adlabs if sustains below 533 for target 510.
Sell HDFC Bank if sustains below 1110 for target 1093.
Sell L&T if sustains below 1905 for target 1860.
Sell Power Finance Corp if sustains below 153 for target 146.
Sell Tata Motors at current levels for target 667.
Sell Tata Power if sustains below 576 for target 560.
Sell Zee tele if sustains below 289 for target 277.

Cash Market Calls:

Buy Cranes Software if sustains above 123.50 for target 131.
Buy Ind Swift Labs if sustains above 64.50 for target 75.

Points to Note:
1. 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.
2. The calls provided on day 0 holds good for the next 2-3 trading sessions if sustains above/below the mentioned levels.

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.

Dear Blog Readers,

I regret my inability to post the outlook and trading calls today due to internet connectivity problems. It will be back on track from tomorrow.

Regards,
Money Spinner

Market Outlook and Trading calls for 05Jun07

Nifty: 4267.05 -30.00 Points Sensex: 14495.77 -74.98 Points

FII Activity:
Cash Segment: 88.79 crores net buyers
Index Futures: 163.82 crores net sellers
Stock futures: 96.47 crores net sellers

Advance Decline ratio: 410:664

Outlook for 05Jun07:
Yesterday the markets consolidated further continuing the trend from the last week. Today should be the day to bounce back. The global markets are flat and our markets also should open flat and then go down in continuation of yesterday’s trend. One can expect a bounce back in the later session. Chinese markets have crashed another 7% today. Today’s bounce back should be led by ONGC and the banking stocks. Cement stocks are looking weak and will see further correction. For today, the Nifty should take support at 4240-4220-4200 and should face resistance at 4291-4301-4325.

Futures Trading Calls:

Buy ONGC at lower levels with strict stop loss 870 for target 910.
Buy BHEL at lower levels with strict stop loss 1350 for target 1430.

Sell ACC if closes below 834 for target 790.
Sell Grasim if sustains below 2415 for target 2285.

Cash Market Calls:

Buy Bihar Caustics if sustains above 66 for target 70, 80 and 85.
Buy Pyramid Samira Theatres if sustains above 372 for target 410 and 460.

Points to Note:
1. 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.
2. The calls provided on day 0 holds good for the next 2-3 trading sessions if sustains above/below the mentioned levels.

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.

Market Outlook and Trading Calls for 04Jun07

Nifty: 4297.05 +1.25 Points Sensex: 14570.75 +26.29 Points

FII Activity:
Cash Segment: 373.38 crores net buyers
Index Futures: 257.94 crores net buyers
Stock futures: 57.83 crores net buyers

Advance Decline ratio: 613:449

Outlook for 04Jun07:
Our markets have consolidated enough in the last week. Now is the time to gain momentum and move up. The Nifty has to close above 4300 and the Sensex should hit the all time high in the next two days. The global markets are supportive and should help us move up. The Banking sector is expected to do well in this week and the Tech sector should bounce back as the dollar is expected to bounce back against the rupee. Aviation sector is the one in news and will continue to do well. The cement sector is under a bit of consolidation. The fertilizer stocks are looking upwards. On the flip side, 4240 is an important support on a closing basis. The markets can lose the upward momentum if closes below this level. For Monday, the Nifty should face resistance at 4310-4330-4365 and should take support at 4271-4247-4232.

Futures Trading Calls:

Buy Bata India if sustains above 192 for target 203.
Buy Lanco Infratech if sustains above 183.50 for target 195.
Buy Petronet LNG if sustains above 57.25 for target 59 and 62.
Buy SBI at current levels for target 1500 with strict stop loss 1335.
Buy Sterling Biotech at current levels for target 182 with strict stop loss 162.50

Cash Market Calls:

Buy Dewan Housing if sustains above 82.50 for target 88.50 and 96.
Buy Gujarat Ambuja Exports if sustains above 33.50 for target 38 and 42.
Buy ITI Ltd if sustains above 51 for target 54 and 66.
Buy Lyka Labs if sustains above 41 for target 43 and 49.
Buy Suven Life Sciences if sustains above 40 for target 45.

Points to Note:
1. 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.
2. The calls provided on day 0 holds good for the next 2-3 trading sessions if sustains above/below the mentioned levels.

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.

Market Outlook and Trading Calls for 01Jun07

Nifty: 4295.80 +46.15 Points Sensex: 14544.46 +133.08 Points

FII Activity:
Cash Segment: 168.86 crores net buyers
Index Futures: 392.92 crores net buyers
Stock futures: 366.94 crores net sellers

Advance Decline ratio: 566:493

Outlook for 01Jun07:
Today is the first day of June series and introduction of Junior Nifty and CNX IT into the futures and options market. The roll overs from the May series are very good and the June series has the all time high open interest at the start of the series. Yesterday’s close is the all time high close for the spot Nifty. The global markets are trading marginally in the positive. Our markets also should open in the positive but technically many of the Nifty stocks are not showing great strength and can lose momentum in the later half to pull the indices down. Caution is advised at higher levels on an intraday basis. The tech stocks and the CNX IT is crucially poised and can fall further if it closes below 5190, else a bounce back. For today, the Nifty should face resistance at 4315-4334-4353 and should take support at 4271-4256-4240.

Futures Trading Calls:

Buy Deccan Aviation if sustains above 151 for target 162.
Buy GE Shipping at current levels for target 315.
Buy IDFC if sustains above 118.50 for target 123.

Sell Escorts if sustains below 121 for target 113.

Cash Market Calls:

Buy Aegis Logistics at current levels for target 158 and 175.
Buy GVK Power and Infra if sustains above 434 for target 457.
Buy Helios and Matheson if sustains above 147 for target 175.

Please Note:
1. 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.
2. The calls provided on day 0 holds good for the next 2-3 trading sessions if sustains above/below the mentioned levels.

Disclaimer: The recommendations provided are purely based 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.