Tuesday, March 20, 2007

Nifty: 3678.90 +70.35 Points Sensex: 12644.99 +214.59 Points

FII Activity:
Cash Segment: 5 crores net sellers
Index Futures: 352.27 crores net buyers
Stock futures: 132.35 crores net buyers

Advance Decline ratio: 605:427

Outlook for 20Mar07:
Yesterday the markets have gone up more than 2% with the lowest volumes of the month. The global cues are good and market will open strong and stay there for sometime. This not the right time to trade the market. Stay out and watch the market shape up. For today the Nifty should face resistance at 3718-3733-3770 and should take support at 3653-3630.

Futures Trading Calls:

Buy GAIL if sustains above 273 for target 288.
Buy Hindalco if closes above 133 for target 140.

Sell HCL Tech at current levels for target 290.


Cash Calls:

No Calls Today.

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