Nifty: 3764.55 +66.95 Points Sensex: 12945.88 +239.94 Points

FII Activity:
Cash Segment: 187.87 crores net buyers
Index Futures: 676.74 crores net buyers
Stock futures: 250.27 crores net buyers

Advance Decline ratio: 533:491

Outlook for 22Mar07:
The markets are interestingly poised at the moment. The Nifty futures has significantly lowered its discount from 30 basis points to 8 basis points. Two consecutive closes for Nifty above 3800 will take it to 4000 level. The global markets are rallying well this week. There is no doubt that the markets will open in the positive. You do not require any expert to tell that. Watch out for the intraday level of 3815 which is very crucial. There is all possibility that the indicies can reverse trend if finds good resistance at 3815. For today the Nifty should face resistance at 3785 and 3815 and should take support at 3715 and 3681.

Futures Trading Calls:

Buy Bank of Baroda if sustains above 212 for target 230.
Buy Amket Auto if sustains above 380 for target 390.

Sell Dr. Reddys at current levels with strict stop loss 692 for target 640.

Cash Calls:

Buy Yes Bank at current levels for target 148.