Outlook and trading calls for 21Mar07

Nifty: 3697.60 +18.70 Points Sensex: 12705.94 +60.95 Points

FII Activity:
Cash Segment: 147.25 crores net buyers
Index Futures: 343.79 crores net buyers
Stock futures: 211.20 crores net buyers

Advance Decline ratio: 591:439

Outlook for 21Mar07:
Markets continue to go up with low volumes. Sensex has faced resistance at the level of 12800 which was earlier a strong support area. This will be a major hurdle for the sensex going forward. For today, the Nifty will face resistance at 3728-3744-3782 and should take support at 3655-3628-3575. The asian markets are rallying for the fifth consecutive day and our markets are all set to open in the green and there is all possibility that it might close in red.

Futures Trading Calls:

Buy Jet Airways if sustains above 643 for target 690.
Buy Ultratech cement if sustains above 625 for target 670.

Cash Calls:

No Calls 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.

Outlook and trading Calls for 16Mar07

Nifty: 3643.60 +2.50 Points Sensex: 12543.85 +14.23 Points

FII Activity:
Cash Segment: 64.95 crores net sellers
Index Futures: 420.44 crores net buyers
Stock futures: 118.59 crores net buyers

Advance Decline ratio: 634:395

Outlook for 16Mar07:
The markets are looking weak only. The FIIs have started buying and the advance decline ratio is good yesterday. I expect the markets to open weak and I suggest buying at lower levels in small quantities with stop loss at 3540 below the recent lows. For the Nifty should take support at 3623 and 3550. It should face resistance at 3713 and 3780.

Bank stocks have been battered and are reaching its bottom. Start buying in small quantities. Buy Bank Nifty in small quantity.

Futures Trading Calls:

Buy ACC at current levels for target 860.

Sell ICICI Bank if remains below 805 for target 765, if takes support at those levels buy for target 860.

Sell Bharti Airtel if remains below 713 for target 703.
Sell HDFC Ltd if remains below 1498 for target 1440.
Sell Suzlon Energy if remains below 995 for target 950.

Cash Calls:

Buy Bank Of Rajasthan if sustains above 41.50 for target 45.

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.