Nifty: 3733.25 +42.60 Points Sensex: 12786.77 +162.19 Points

FII Activity:
Cash Segment: 45.05 crores net sellers
Index Futures: 360.63 crores net buyers
Stock futures: 329.54 crores net buyers

Advance Decline ratio: 680:356

Outlook for 05Apr07:
This is a short week as Friday the markets are closed. There has been good amount of short covering the past two days. Let us watch if it will be the third successive day of recovery. There are no cues from the global markets. All major markets are flat. The under tone in the market is still negative. For today, the Nifty should take support at 3720-3676-3646 and should face resistance at 3770-3785-3830.

Futures Trading Calls:

Buy ACC if sustains above 728 for target 780 and 850. It is all set to rebound. Has a good support at 690 levels.
Sell Ashok Leyland at higher levels for target 34 and 31.50
Sell HDFC at all higher levels for target 1420 with strict stop loss 1520.
Sell Maruti if sustains below 738 for target 690.

Cash Calls:

Buy Aptech if sustains above 235 for target 255.
Buy Dhampur Sugars if sustains above 84.50 for target 95 and 105.