Outlook and trading calls for 28Feb07

Nifty: 3893.90 -48.10 Points Sensex: 13478.83 -170.69 Points

FII Activity:

Cash Segment: 503.38 crores net sellers
Index Futures: 687.99 crores net sellers
Stock futures: 40.24 crores net sellers
Advance Decline ratio: 551:468

Outlook for 28Feb07:

Today the markets will be very volatile. It is a big day for the markets. FIIs have sold nifty futures. Total 3400 crores in 3 days and 1100 crores sold in cash in 2 days. Technically also the Nifty futures 15 days moving average has cut 30 day moving average from the top. All this suggests that every higher level is an opportunity to sell Nifty futures and buy puts.

No fresh positions advocated as of now , one can consider buying the scripts recommended yesterday at every dips .