Nifty: 3690.65 +57.05 Points Sensex: 12624.58 +169.21 Points
FII Activity:
Cash Segment: 6.01 crores net sellers
Index Futures: 891.80 crores net buyers
Stock futures: 292.27 crores net buyers
Advance Decline ratio: 609:417
Outlook for 04Apr07:
The bounce back is all set to continue today. The world markets are trading in positive and this will help our markets to open in positive. Will have to wait and watch as to what will happen in the second half of the day. Technology stocks are looking good and are all set to rebound further. It is still not advisable to buy in this market. Every higher level sell is the mantra. For today the Nifty should find support at 3680-3645 and should find resistance at 3720-3760-3802.
Futures Trading Calls:
Buy Bank Of India if sustains above 167 for target 180 with stop loss 152.
Buy GMR Infra at current levels for target 370 with stop loss 326.
Buy NTPC if sustains above 158 for target 170.
Cash Calls:
No Calls for today.
FII Activity:
Cash Segment: 6.01 crores net sellers
Index Futures: 891.80 crores net buyers
Stock futures: 292.27 crores net buyers
Advance Decline ratio: 609:417
Outlook for 04Apr07:
The bounce back is all set to continue today. The world markets are trading in positive and this will help our markets to open in positive. Will have to wait and watch as to what will happen in the second half of the day. Technology stocks are looking good and are all set to rebound further. It is still not advisable to buy in this market. Every higher level sell is the mantra. For today the Nifty should find support at 3680-3645 and should find resistance at 3720-3760-3802.
Futures Trading Calls:
Buy Bank Of India if sustains above 167 for target 180 with stop loss 152.
Buy GMR Infra at current levels for target 370 with stop loss 326.
Buy NTPC if sustains above 158 for target 170.
Cash Calls:
No Calls for today.
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