Nifty: 4011.60 +26.65 Points Sensex: 13672.19 +65.15 Points

FII Activity:
Cash Segment: 465.32 crores net buyers
Index Futures: 478.41 crores net buyers
Stock futures: -138.63 crores net sellers

Advance Decline ratio: 553:504

Outlook for 19Apr07:
The Asain markets are trading in negative today and our markets should also take a cue from them and open in negative. It appears that the Nifty should revisit 3900 once before resuming its up move. There is strength in the markets on a short term basis and can go up till 4140 if sustains above 4040 by the end of this month. The month of May has traditionally been the month of correction and we can witness some correction again till 3800 levels. For today, the Nifty should face resistance at 4031-4040-4070 and should take support at 3984-3965-3924.

Futures Trading Calls:

Buy Cairns India at current levels with stop loss 129 for target 142.

Cash Calls:

Buy Hind Oil Expl if sustains above 87 for target 94 and 99.
Buy K Sera Sera if sustains above 17.25 for target 23.