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.