Nifty: 3798.10 +37.00 Points Sensex: 12979.66 +95.32 Points

FII Activity:
Cash Segment: 172.31 crores net sellers
Index Futures: 15.15 crores net sellers
Stock futures: 94.25 crores net buyers

Advance Decline ratio: 624:395

Outlook for 30Mar07:
Today being the first day of April Contract in F&O and backed by global strength the markets are expected to open strong. The undertone in the market is weak only. I would suggest to sell at every higher level from here on. For today, the Nifty should take support at 3783-3758-3730 and should face resistance at 3833-3860-3890.

Futures Trading Calls:

Buy Idea Cellular if sustains above 98 for target 105.
Buy Sobha Developers if sustains above 805 for target 900.

Sell Ashok Leyland at current levels for target 36.
Sell GMR Infra at every higher level with stop loss 367 for target 340 and below.
Sell Lanco Infratech if sustains below 159 for target 150.

Cash Calls:

Buy Dharani Sugars at current levels for target 27.
Buy Shreyas Shipping if sustains above 106 for target 120.