Nifty: 3942.00 +3.05 Points Sensex: 13649.52 +16.98 Points

FII Activity:

Cash Segment: 596.15 crores net sellers
Index Futures: 1036.11 crores net sellers
Stock futures: 219.24 crores net buyers

Advance Decline ratio: 506:510

Outlook for 27Feb07:

Yesterdays recovery in the afternoon session was just a eye wash. There is more downside left in the market. Even though technically it looks like a good recovery the FII figures are disturbing. They have sold an astonishing 2600 crores of nifty futures in the last 2 trading sessions. The nifty futures turned to 10 basis points premium from the 4 basis points discount yesterday. I would again request all of you to be cautious at higher levels. The budget is just round the corner it is advisable to stay out and watch the markets shape up. For today the Nifty should take support at 3917 and 3835. On the higher side it should face resistance at 3955, 4000 and 4040. Large cap technology stocks are looking weak.

No Trading Picks for the day

How ever long and medium term investers could buy at all the dips ,Stocks o look out for are

IDFC ,Orchid Chemicals , India infoline, leading edge technologies(Trigyn technologies).VSNL, TCS,Sail.