Nifty: 4083.50 -94.35 Points Sensex: 13908.58 -320.30 Points

FII Activity:
Cash Segment: 377.95 crores net sellers
Index Futures: 516.98 crores net sellers
Stock futures: 308.45 crores net sellers

Advance Decline ratio: 271:785

Outlook for 30Apr07:
On Friday the markets came down big time. The stocks like ONGC, Reliance Inds and ICICI Bank which took the markets up on Thursday where instrumental in bringing the markets down on Friday. Even though the Nifty lost close to 100 points on Friday, the volumes, the FII participation and some more such factors makes me feel that the markets are all set to hit the new high in a few days. For today, the markets are expected to remain bearish to flattish. The result of ICICI Bank announced on Saturday was not very encouraging to say the least. This is a short week as markets are closed on Tuesday and Wednesday. For today the Nifty should face resistance at 4104-4140-4175 and should take support at 4057-4046-4026.

Futures Trading Calls:

Buy Crompton Greaves if sustains above 224 for target 237.
Buy Kotak Mahindra Bank if sustains above 529 for target 570.

Sell Bank Of Baroda if sustains below 241 for target 230 and 225.
Sell UTI Bank at current levels for target 447.
Sell Voltas at current levels with stop loss 98 for target 90.

Cash Calls:

Buy Deccan Cronicle at current levels with stop loss 180 for target 225.

Please Note: All calls are for swing trading and should ideally hit the target within 8-10 trading sessions. Any calls other than swing calls will be specifically mentioned.