Nifty: 4083.55 +85.90 Points Sensex: 13897.41 +277.71 Points

FII Activity:
Cash Segment: 622.51 crores net buyers
Index Futures: 1211.67 crores net buyers
Stock futures: 14.24 crores net buyers

Advance Decline ratio: 678:365

Outlook for 23Apr07:
The markets are looking strong for the time being and can go up till 4137 in intraday. Be cautious when Nifty reaches 4137 levels. Few of the large cap stocks are showing signs of divergence. The volatility will reduce as the raising wedge is narrowing. For Today, the Nifty should face resistance at 4108-4137-4180 and should take support at 4066-4046-4018.

Futures Trading Calls:

Buy Bajaj Hindustan at current levels for target 184 with stop loss 166. Play for the technical bounce.
Buy Jet Airways if sustains above 692 for target 790 with stop loss 670.
Buy Jindal Stainless if sustains above 143.50 for target 153 and 163 with stop loss 130.
Buy Matrix Labs at current levels for target 203.

Buy Relaince Industries at current levels for intraday target of 1566.

Sell CESC if sustains below 367 for target 355.
Sell Dabur if sustains below 96 for target 92.50
Sell IDBI if sustains below 84 for target 81.

Be cautious in Tata Steel if you are long. Can crash any time.

Cash Calls:

Buy Rolta if sustains above 376 for target 408.
Buy BPL Ltd if sustains above 70 for target 78.