Sunday, March 25, 2007

Nifty: 3861.05 -14.85 Points Sensex: 13285.93 -22.10 Points

FII Activity:
Cash Segment: 126.94 crores net buyers
Index Futures: 8.60 crores net buyers
Stock futures: 163.36 crores net sellers

Advance Decline ratio: 403:622

Outlook for 26Mar07:
The markets will be very volatile and active on Moday. The March contracts will expire this Thursday and Tuesday being a holiday the roll over will begin on Monday. Nifty should touch 4000 before the result season starts and then correct again. For Monday the Nifty should take support at 3834 and 3786 and should face resistance at 3895 and 3920.

New age private sector banks are looking good. HDFC Bank, ICICI Bank, UTI Bank, Kotak Mahindra Bank and Yes Bank are expected to do well in this week.

Futures Trading Calls:

Buy Century Textiles if sustains above 562 for target 590.

Cash Calls:

Buy Crompton Greaves if sustains above 205 for target 230.
Buy Pyramid Retail if sustains above 67 for target 76 (Low volume stock).

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