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.