Trading Calls for 01Aug07

Nifty: 4528.85 +88.80 Points Sensex: 15550.99 +290.08 Points

FII Activity:
Cash Segment: 34.63 crores net buyers
Index Futures: 994.29 crores net buyers
Stock futures: 97.78 crores net sellers

Advance Decline ratio: 781:327

Outlook for 01Aug07:
The Nifty for today should find support at 4497-4455-4433 and should find resistance at 4550-4575-4600.

Futures Trading Calls:

Buy Aditya Birla Nuvo if sustains above 1505 for target 1575.
Buy Kotak Mahindra Bank if sustains above 758 for target 780.

Cash Market Calls:

Buy Jindal Poly film if sustains above 185.50 for target 225 with stop loss 173.

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 fails to sustain above/below the mentioned levels on day 1.

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 27Jul07

Nifty: 4619.80 +31.10 Points Sensex: 15776.31 +76.98 Points

FII Activity:
Cash Segment: 278.04 crores net buyers
Index Futures: 1576.47 crores net sellers
Stock futures: 626.67 crores net sellers

Advance Decline ratio: 667:423

Market Outlook for 27Jul07:
Yesterday the markets went up in the last half hour only on account of short covering. Please do not read much into it. The global markets are extremely weak and I expect a black Friday today. I expect the sensex to easily lose 300-350 points. Be careful in what you sell. Please do not short technology stocks as they might be the one holding up the market. It is still advisable to take a directional call only after the announcements of the credit policy on 31Jul07. The Nifty for today should find support at 4606-4570-4552 and should find resistance at 4620-4645-4685.

Futures Trading Calls:

Sell Bank Nifty at current levels for target 6820. This target can be achieved in intraday.
Sell ACC if sustains below 1000 for target 950.
Sell Cairns India if sustains below 149 for target 142.
Sell Patni Computers at current levels for target 494.
Sell PNB if sustains below 512 for target 497.
Sell VSNL at current levels for target 453.

Cash Market Calls:

Buy Lumex Auto if sustains above 76.50 for target 85.

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 fails to sustain above/below the mentioned levels on day 1.

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 26Jul07

Nifty: 4588.70 -32.05 Points Sensex: 15699.33 -95.59 Points

FII Activity:
Cash Segment: 35.47 crores net sellers
Index Futures: 480.66 crores net sellers
Stock futures: 1195.53 crores net sellers

Advance Decline ratio: 293:805

Outlook for 25Jul07:
Yesterday was the first sign of bearishness. It is still not advisable to go short. Wait for RBI’s credit policy on 31st July before taking a call on the markets. It is still advisable to stay out of the markets. The Nifty July future is already in premium and the August futures has reduced the discount to 10 points. There will be lot of volatility due to F&O expiry. For today, the Nifty should face resistance at 4602-4620-4670 and should find support at 4555-4522-4502.

Futures Trading Calls:

Buy IDFC if sustains above 134.50 for target 141.
Buy Karnataka Bank if sustains above 200.50 for target 212.

Cash Market Calls:

Buy Masket if sustains above 312 for target 350
Buy NIIT Technologies if sustains above 555 for target 620.

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 fails to sustain above/below the mentioned levels on day 1.

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 24Jul07

Nifty: 4619.35 +53.30 Points Sensex: 15732.20 +166.65 Points

FII Activity:
Cash Segment: 1025.57 crores net buyers
Index Futures: 249.80 crores net buyers
Stock futures: 648.32 crores net sellers

Advance Decline ratio: 508:583

Outlook for 24Jul07:
Yesterday, in spite of weak global markets we continued to make new highs and closed at the all time high levels. The markets are beyond all the technical levels and will be hard to predict how much upside is still left in these markets. I would suggest that being in cash is the best policy currently. If you are in profit, book it and wait for the lower levels to enter again. Today, the global markets are good and we will definitely open in the positive. It looks difficult to hold those levels though. I do not see the markets correcting substantially in July F&O settlement. For today, the Nifty should face resistance at 4650-4680 and should take support at 4590-4573-4550.

Futures Trading Calls:

Buy Mahindra Gesco at current levels for target 650-670-690.

Cash Market Calls:

Buy Action Construction Equipments if sustains above 305 for target 337.

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 fails to sustain above/below the mentioned levels on day 1.

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 20Jul07

Nifty: 4562.10 +62.55 Points Sensex: 15550.13 +248.96 Points

FII Activity:
Cash Segment: 652.08 crores net buyers
Index Futures: 611.71 crores net buyers
Stock futures: 29.62 crores net buyers

Advance Decline ratio: 652:449

Outlook for 20Jul07:
The markets remained positive throughout the day yesterday and closed above my final resistance level of 4548. It is very difficult to predict the higher levels of Nifty from these levels. It appears that the markets are overstretching before the burst. The FIIs bought 600 crores in index futures yesterday and it appears that they are consistently booking losses. The global markets were positive. US and Europe were positive and the Asian markets are trading in the positive today. We also will open in the positive today. We have to wait and watch if we can remain there throughout the day. I expect some profit taking in the later half. The Nifty should face resistance at 4591-4608-4620 and should take support at 4554-4522-4512.

Futures Trading Calls:

Buy Bharti Airtel if closes two consecutive days above 900 for target 1000 in short term.

Sell AB Nuvo if sustains below 1560 for target 1440.
Sell Allahabad bank if sustains below 100.60 for target 95.

Cash Market Calls:

Buy Cambridge Technologies if sustains above 56 for target 65 and 75.
Buy Havells India if closes above 545 for target 630.
Buy Jyothi Structures if sustains above 214 for target 234.
Buy Precot Mills if sustains above 180 for target 200.
Buy Texmaco Ltd if sustains above 1250 for target 1350.
Buy Zuari Inds if sustains above 229 for target 240.

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 fails to sustain above/below the mentioned levels on day 1.

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 19Jul07

Nifty: 4499.55 +2.80 Points Sensex: 15301.17 +11.35 Points

FII Activity:
Cash Segment: 198.31 crores net buyers
Index Futures: 930.28 crores net sellers
Stock futures: 370.32 crores net sellers

Advance Decline ratio: 434:669

Outlook for 19Jul07:
As expected the markets corrected yesterday, but to everybody’s surprise it recovered very sharply in the last hour of trade to close in positive. I am still not able to understand the reason for the pull back. Some big results like Wipro, DLF and Ranbaxy are expected today. The US markets were also weak yesterday and they also recovered sharply in the last hour of trade to recover half the losses. The Asian markets are trading in positive today and expect our markets to open in positive today. For today, the Nifty should find resistance at 4510-4540-4548 and take support at 4452-4434-4415.

Futures Trading Calls:

Sell JSW Steel at current levels for target 665 and 650.
Sell Bombay Rayon Fashions if sustains below 219.50 for target 213.50

Cash Market Calls:

Buy GTC Industries if sustains above 247 for target 275.

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 fails to sustain above/below the mentioned levels on day 1.

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 18Jul07

Nifty: 4496.75 -15.40 Points Sensex: 15289.82 -21.40 Points

FII Activity:
Cash Segment: 359.06 crores net buyers
Index Futures: 156.02 crores net sellers
Stock futures: 112.44 crores net sellers

Advance Decline ratio: 358:744

Outlook for 18Jul07:
Yesterday’s correction was welcome after 4 days continuous up move. Reliance Industries was the one which held out and contributed largely for holding the Nifty otherwise there would have been much more downside. Today’s close is crucial for the immediate short term. If the indices close in negative today, there might be more consolidation at these levels. The rumor in the market is that the Nifty will touch 4700 in the immediate short term. The US markets have been flat and most of the Asian markets are trading in negative. The rally in the small PSU banks which started two days back already looks tired. For today, the Nifty should face resistance at 4510-4525-4542 and should take support at 4452-4434-4415.

Futures Trading Calls:

Sell Cipla at current levels for target 202.50
Sell IDBI if sustains below 117.50 for target 112.50
Sell India Infoline if sustains below 795 for target 760.
Sell JP Associates at current levels for target 808.
Sell Kesoram Industries if sustains below 505 for target 488.
Sell Petronet LNG if sustains below 59.50 for target 57.

Cash Market Calls:

Buy Celebrity fashion if sustains above 83.50 for target 92.
Buy Excel Crop Care if sustains above 115.50 for target 132.

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 fails to sustain above/below the mentioned levels on day 1.

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 17Jul07

Nifty: 4512.15 +7.60 Points Sensex: 15311.22 +38.50 Points

FII Activity:
Cash Segment: 306.53 crores net buyers
Index Futures: 77.13 crores net buyers
Stock futures: 311.12 crores net sellers

Advance Decline ratio: 579:526

Outlook for 17Jul07:
There was not much activity yesterday as it traded in a very narrow range. There is no much cues from the global markets as well. The level of 4535 is a crucial resistance for spot Nifty and expect it to struggle to get past this level for sometime. TCS results were a positive surprise and expect some activity in IT space today. For today, the Nifty should face resistance at 4524-4535 and should take support at 4504-4484-4452.

Futures Trading Calls:

Buy Sun TV if sustains above 1765 for target 1860.

Cash Market Calls:

Buy Bhagyanagar(I) if sustains above 47.50 for target 53.
Buy EID Parry if sustains above 141 for target 147 and 151.
Buy JHS Svendgaard Lab if sustains above 43 for target 50.
Buy NELCO if sustains above 131 for target 155.
Buy Reliance Industrial Infra if closes above 613 for short term target of 700.
Buy Wire and Wireless if sustains above 77 for target 85.
Buy Zuari Inds if sustains above 211 for target 223 and 240.

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 fails to sustain above/below the mentioned levels on day 1.

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 16Jul07

Nifty: 4504.55 +58.40 Points Sensex: 15272.72 +180.68 Points

FII Activity:
Cash Segment: 1323.52 crores net buyers
Index Futures: 14.65 crores net buyers
Stock futures: 105.38 crores net sellers

Advance Decline ratio: 485:625

Outlook for 16Jul07:
On Friday, the markets stood steady and held on to its gains throughout the day. The point to note here is the advance decline ratio. In spite of the indices gaining over a percent the number of advancing stocks are below the number of declining stocks. Most of the stocks lost its intraday gains to close with small gains or to close in negative. The FII figure in derivatives also suggests that a correction is round the corner. If the markets open in the positive tday, it is safe to go short in Nifty futures for a day or two. For today, the Nifty should face resistance at 4531-4555 and should take support at 4452-4434-4411.

Futures Trading Calls:

Buy India Infoline if sustains above 835 for target 875.
Buy IPCL if closes above 360 for short term target of 415.
Buy Reliance Industries if sustains above 1805 for target 1865.

Sell Dr. Reddys if sustains below 664 for target 640 and 615.
Sell Mphasis at current levels for target 292.
Sell Parsvanath if sustains below 374 for target 355.
Sell Praj Industries at current levels for target 447.
Sell SBI if sustains below 1545 for target 1470.

Cash Market Calls:

Buy Pearl Global if sustains above 88.50 for target 100 and 110.
Buy RPG Transmission at current levels for target 330.
Buy Noida Toll Bridge at current levels for target 32.

How to read the calls:
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 fails to sustain above/below the mentioned levels on day 1.

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 13Jul07

Nifty: 4446.05 +59.00 Points Sensex: 15092.69 +181.42 Points

FII Activity:
Cash Segment: 614.08 crores net buyers
Index Futures: 768.10 crores net buyers
Stock futures: 237.74 crores net sellers

Advance Decline ratio: 774:326

Outlook for 12Jul07:
Yesterday, the markets, as expected opened in the positive and remained there throughout the day. The Nifty futures discount built up during the day vanished at the end and closed with a discount of just 2 points. The global markets are extremely strong and the US gained almost 3% and the Asian markets are trading with 1.5% gain today. Other emerging markets are also traded strongly yesterday. My Nifty target of 4460-4500 is fast approaching and can be hit today. There is no doubt that the markets will open with a huge gap up but, I doubt its ability to hold the higher levels and can correct in the later half of the day. The analysts are predicting the sensex level of 15600 and it is better to wait and watch if that level hits instead of buy and watch. The overall sentiment is turning bullish which is dangerous. One drop from the top can trap a lot of traders. For today, the Nifty should face resistance at 4485-4500-4525 and should take support 4412-4385-4365.

Futures Trading Calls:

Buy Unitech if sustains above 584 for target 620.
Buy CESC at current levels for target 447.
Buy Oriental bank if sustains above 263 for target 280.

Cash Market Calls:

Buy Color Chips if sustains above 12.30 for target 13.80
Buy Man Industries if sustains above 285 for target 310.
Buy RIIL if sustains above 565 for target 615.
Buy Rico Auto Inds if sustains above 49 for target 53.50 and 55.50
Buy Vimta Labs if sustains above 155.50 for target 170.

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 fails to sustain above/below the mentioned levels on day 1.

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 12Jul07

Nifty: 4387.15 -18.90 Points Sensex: 14910.62 -99.26 Points

FII Activity:
Cash Segment: 99.34 crores net buyers
Index Futures: 654.95 crores net sellers
Stock futures: 602.04 crores net sellers

Advance Decline ratio: 572:521

Outlook for 12Jul07:
Yesterday in spite of Infosys lowering their guidance the markets held fort and did not crack up to expectations. Even though IT stocks lost a few percents, there is all possibility that these stocks will bounce back from lower levels. Now, Infosys has a good support at 1910 level and will find it tough to break that level. The Nifty futures trimmed its discount to the spot price to close with only 2 points discount. The court decision on Relaince Industires is also expected today. The global markets are strong and this should help our market open in the positive. Short covering might take the indices even higher. Today is expected to be a good day, but caution is advised at all higher levels. The Nifty should find resistance at 4411-4430-4460 and should find support at 4363-4344-4325.

Futures Trading Calls:

Buy Hindustan Construction if sustains above 127.75 for target 134.
Buy India Infoline if sustains above 765 for target 795.
Buy Deccan Aviation if sustains above 148 for target 158.
Buy Century Textiles if sustains above 740 for target 764.
Buy Bombay Dyeing if sustains above 633 for target 653.

Sell IOC at current levels for target 420.

Cash Market Calls:

Buy Shree Asthavinayak Cine if sustains above 298 for target 330 and 370.

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 fails to sustain above/below the mentioned levels on day 1.

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 11Jul07

Nifty: 4406.05 -13.35 Points Sensex: 15009.88 -35.85 Points

FII Activity:
Cash Segment: 583.02 crores net buyers
Index Futures: 280.75 crores net sellers
Stock futures: 73.96 crores net sellers

Advance Decline ratio: 434:673

Outlook for 11Jul07:
Today is a very important day for the markets as Infosys results are expected and the analysts will be curious to know the guidance they will provide. The global markets are weak and are coinciding with the Infy results. There is possibility that markets might take a U turn today. If it opens weak then can recover from lower levels to end higher or if opens higher can reverse to end lower. Technically the charts of Infosys are looking good and the price is headed towards 2080. For today, the Nifty should take support at 4393-4385-4360-4328 and should face resistance at 4411-4422-4440-4460.

Futures Trading Calls:

Buy RNRL if sustains/closes above 42. It will be in all new territory and can go up to 50 in the short term.

Sell Amtek Auto if sustains below 406 for target 396 and 387.
Sell BEL if sustains below 1800 for target 1765.
Sell HDFC Bank if sustains below 1140 for target 1120.
Sell HPCL if sustains below 260 for target 254 and 244.
Sell Suzlon if sustains below 1430 for target 1390.

Cash Market Calls:

Buy Hind Oil Exploration if sustains above 140 for target 156.
Buy Rohit Ferro Tech if sustains above 39.25 for target 43.

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 fails to sustain above/below the mentioned levels on day 1.

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 10Jul07

Nifty: 4419.40 +34.55 Points Sensex: 15045.73 +81.61 Points

FII Activity:
Cash Segment: 841.64 crores net buyers
Index Futures: 843.33 crores net buyers
Stock futures: 95.54 crores net sellers

Advance Decline ratio: 691:411

Outlook for 10Jul07:
Monday was the reverse of Friday where the madcap and small cap stocks outperformed the large cap stocks. Tomorrow is the Infosys results and expect the markets to be in the cautious mood today. Markets might be range bound and boring today. Banking sector especially small PSU banks are in the party. The short term target for Nifty is 4460-4470 and I advise caution around these levels. For today, the Nifty might find resistance at 4436-4447-4453 and should take support at 4394-4386-4369.

Futures Trading Calls:

Buy Bank Nifty if sustains above 6960 for target 7140.
Buy BEL at current levels with stop loss 1850 for target 1920.

Cash Market Calls:

Buy Ind Swift Labs if sustains above 72.50 for target 84.
Buy KEI Industries if sustains above 92 for target 97 and 103.
Buy Samtel Color if sustains above 22.30 for target 27 and 31.

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 fails to sustain above/below the mentioned levels on day 1.

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 09Jul07

Nifty: 4384.85 +30.90 Points Sensex: 14964.12 +102.23 Points

FII Activity:
Cash Segment: 541.39 crores net buyers
Index Futures: 412.03 crores net buyers
Stock futures: 8.74 crores net buyers

Advance Decline ratio: 621:475

Outlook for 09Jul07:
Even though the markets gained 0.75% on Friday, it was very much evident that the participation came mostly from large cap stocks and especially from technology stocks. There was no participation from mid cap stocks as the mid cap index closed just 0.23% gain. I would like to reiterate that it is time to remain cautious and avoid long positions or have strict stop losses on your long positions. The gains by technology stocks are mainly due to short covering and cautious approach ahead of the Infosys numbers on Wednesday. The global markets are strong for the time being and can temporarily take our markets higher. For Monday, the Nifty should face resistance at 4411-4426-4472 and should take support at 4360-4330-4310.

Futures Trading Calls:

Buy CNX IT if sustains above 5270 for target 5420.
Buy HCL Tech f sustains above 343 for target 356.
Buy Infosys Tech if sustains above 1990 for target 2030 and 2080.
Buy Satyam Computers if sustains above 495 for target 510 and 520.

Cash Market Calls:

Buy Helios Mathinfotech at current levels for target 176 and 185.
Buy HOV Services if sustains above 228 for target 246 and 273.
Buy Hyderabad Industries if sustains above 210 for target 226 and 243.
Buy K Sera Sera Productions if sustains above 21.65 for target 23.50 and 25.10
Buy NEPC India if sustains above 19.80 for target 21, 23 and 25.

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 fails to sustain above/below the mentioned levels on day 1.

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 Freinds,

I regret my inability to post the Market Outlook and Trading Calls for 05-Jul-07 due to internet connectivity problems. I expect the calls to be back on track tomorrow.

Best Regards,
Money Spinner

Market Outlook and Trading Calls for 04Jul07

Nifty: 4357.55 +43.80 Points Sensex: 14806.51 +142.25 Points

FII Activity:
Cash Segment: 445.41 crores net buyers
Index Futures: 954.94 crores net buyers
Stock futures: 74.72 crores net sellers

Advance Decline ratio: 610:479

Outlook for 04Jul07:
The markets held on to its gains throughout the day yesterday displaying good strength. The rally was lead by Bank and Telecom stocks. The global cues were positive yesterday. The US markets closed marginally in positive yesterday and are closed today on account of Independence day. The Asian markets are trading in positive territory. We can expect a positive opening today, but the indices can drift down during the day to either close flat or in negative. The FIIs are buying hugely in index futures and index options especially 4300 puts and are consistently selling in stock futures. This is an indication that the up move is short lived. As I had indicated last month itself, sensex level of 14750 is the level to cover long positions and 14900-15000 is the levels to go short. For today, the Nifty should face resistance at 4377-4390-4400 and should take support at 4330-4312-4292.

Futures Trading Calls:

Buy Sterlite Opticals if sustains above 264 for target 300.
Buy Patel Engineering if sustains above 460 for target 475 and 490.
Buy VSNL if sustains above 506 for target 520.
Buy Cipla if sustains above 220 for target 230.
Buy Escorts if sustains above 124 for target 130 and 134.
Buy Hindustan Constructions at current levels for target 139.
Buy Jindal Stainless if sustains above 152 for target 156 and 162.
Buy Lanco Infratech at current levels for target 237.

Cash Market Calls:

Buy Paramount communications at current levels for target 43 and 46.

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 fails to sustain above/below the mentioned levels on day 1.

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 03Jul07

Nifty: 4313.75 -4.55 Points Sensex: 14664.26 +13.75 Points

FII Activity:
Cash Segment: 94.57 crores net buyers
Index Futures: 544.80 crores net buyers
Stock futures: 63.12 crores net sellers

Advance Decline ratio: 600:502

Outlook for 03Jul07:
Yesterday, the markets traded in the positive territory till the last hour of trade where it lost most of its gains and closed flat. Today also the markets are expected to trade well in the positive territory as all the global markets are in positive. Construction and Infrastructure stocks did well yesterday and are expected to do well today also. The point to watch out for, is the close. The FIIs have bought 1500 crores in index futures in the last 3 days. There is definitely more upside left in the markets before it could take a U turn. Sensex level of 14900-15000 is possible in this week. For today, the Nifty should face resistance at 4325-4342-4363 and should take support at 4305-4290-4280.

Futures Trading Calls:

Buy IVRCL Infra if sustains above 393 for target 420 and 440.
Buy Nagarjuna Constructions if sustains above 194 for target 203.
Buy IOC if sustains above 465 for target 475 and 495.
Buy Parsvnath Developers if sustains above 356 for target 385.
Buy Sobha Developers at current levels for target 975.

Sell Hindalco if sustains below 156 for target 152.

Cash Market Calls:

Buy Era Constructions if sustains above 412 for target 465.
Buy Super Spinning if sustains above 20.90 for target 24.50

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 02Jul07

Nifty: 4318.30 +36.30 Points Sensex: 14650.51 +145.94 Points

FII Activity:
Cash Segment: 558.59 crores net buyers
Index Futures: 434.85 crores net buyers
Stock futures: 26.19 crores net buyers

Advance Decline ratio: 661:428

Outlook for 01Jul07:
The Nifty close on Friday was the all time high on a closing basis. Technically, there is some more steam left in the markets before we could take a cautious approach ahead of the results season. There is a good possibility that the Nifty can hit 4360 and 4400 in this week. Sensex can go up to 14900-15000 levels. The US markets on Friday were trading in the positive before closing in the negative on the fears of attack on the Glaskow airport. The FTSE closed at its highest point of the day. Technically there is no indications in the Asian markets for a break down. There has been a resurgence in the sugar sector. Banking stocks have more steam left and in technology, Infosys and TCS can bounce back if Infy confirms the news on Capgemini and TCS confirm Capex. For Monday, the Nifty can find resistance at 4325-4352-4363 and should take support at 4306-4280-4257. There is a possibility of gap down opening due to the terror attack in Europe.

Futures Trading Calls:

Buy SRF if sustains above 176.50 for target 185 and 208.
Buy Iflex at current levels for target 2760 with stop loss 2530.
Buy Balrampur Chini if sustains above 78.25 for target 85.
Buy CESC if sustains above 380 for target 388 and 398.
Buy Deccan Aviation if closes above 143.50 for target 149.
Buy Essar Oil if sustains above 57 for target 59.50
Buy Oriental Bank if sustains above 231 for target 240.
Buy Oswal Chem if sustains above 39.75 for target 42.50
Buy Sri Renuka Sugars if sustains above 668 for target 740.
Buy Tata tele services if sustains above 29.20 for target 31.20

Cash Market Calls:

Buy Dhampur Sugars if sustains above 74 for target 84.
Buy Dwarikesh Sugars if sustains above 72 for target 77.50 and 86.
Buy Rajsree Sugar if sustains above 61.50 for target 68.50
Buy Upper Ganges Sugar if sustains above 85.50 for target 95 and 105.

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.