Wednesday, April 18, 2007

Nifty: 3984.95 -28.40 Points Sensex: 13607.04 -88.54 Points

FII Activity:
Cash Segment: 304.66 crores net buyers
Index Futures: 398.37 crores net buyers
Stock futures: 106.89 crores net sellers

Advance Decline ratio: 384:675

Outlook for 18Apr07:
Yesterdays fall was a technical one and also profit booking by some institutions. It should resume its upward journey again today. The global markets are marginally positive and this will boost our sentiments. The Dow Jones industrial average is close to its all time high. All the biggies posted results in line with expectations in the US. There is no negative news except for the appreciating rupee. For today, the Nifty should take support at 3965-3942-3907 and should find resistance at 4013-4044-4066.

Futures Trading Calls:

Buy Century textiles at current levels for target 592. Have a stop loss of 545.

Cash Calls:

Buy Aegis Logistics if sustains above 151for target 170.
Buy Kopran Ltd if sustains above 28 and can go up till 36.

2 comments:

Anonymous said...

Hey siri,
Can't you give intraday calls along with the cash calls.

In cash calls do specify the time as to how many days we need to wait for the stock to reach its targeted price.

Sirish said...

Dear friend i giv calls for swing trading( for a period -maximum of 10days).i dont believe in intraday trading ,hence the swing is
the best OPTION