Nifty: 3633.60 -187.95 Points Sensex: 12455.37 -616.73 Points

FII Activity:
Cash Segment: 509.33 crores net sellers
Index Futures: 1432.28 crores net sellers
Stock futures: 105.91 crores net sellers

Advance Decline ratio: 141:897

Outlook for 03Apr07:
The crash on Monday was big and created a huge gap in the major indicies and bank stocks. It is not at all safe to go short in bank stocks at these levels. There is all possibility that the gap might be filled up in the next few days. The global cues are not bearish for today. Expect a small bounce back today. For today the Nifty should find support at 3580-3555-3522 and should find resistance at 3670-3722-3783.

Futures Trading Calls:

Buy Sterlite Industries at lower levels with strict stop loss 425 for target 470 .

Sell Reliance Industries if remains below 1299 for target 1250
Sell TCS if remains below 1175 for target 1155
Sell Wipro if remains below 510 for target 492.

Cash Calls:

Buy Mawana Sugars if sustains above 44 for target 53.
Buy Oudh Sugar Mills if sustains above 73 for target 85.