The opening in the market will be strong. The Nifty will face resistance at 3860-3887-3920 levels. Be cautious at higher levels. I suggest to cover all your long positions when Nifty is around 3880-3885 levels and wait to watch how the afternoon shapes up.
Trading calls for 15Dec06
Swing Trades
Buy Foursoft in cash above 70.50 for target 80.00 (cash)
Buy Mphasis BFL in futures for target of 262.00(Futures/intraday)
Buy Reliance communication for intraday target of 466.00(Futures/intraday)
Buy BEL in futures above 1335.00 for target 1400.00 (Futures/cash)
Buy Satyam above 465.00(Futures/cash)
Buy SRF above 190.50 for target of 199.00-205.00-210.00(Futures/cash)
Buy VSNL@ 401.00 for target 416.00(Futures/cash)
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