Nifty: 4141.80 +56.70 Points Sensex: 14136.72 +208.39 Points

FII Activity:
Cash Segment: 340.39 crores net buyers
Index Futures: 424.70 crores net buyers
Stock futures: 136.98 crores net sellers

Advance Decline ratio: 549:505

Outlook for 25Apr07:
Yesterday the markets just zoomed up after the announcement of the credit policy. There is no rational behind the markets inching towards the new high in spite of the tightening of the credit policies, higher inflation and strengthening rupee compared to the economic situation during the previous high. It can only be advised to remain cautious at higher levels as the correction can be severe this time. The gap created by Nifty futures at 3900 is still uncovered. The rumour in the market is that the Nifty will touch the previous high of 4245. I would advise not to remain long in Nifty after 4200 itself. The advance decline ratio is not very encouraging on the day when the indices run up 1.50 percent. For today, the Nifty should face resistance at 4168-4195-4220 and should take support at 4130-4104-4065.

Futures Trading Calls:

Buy Bank of Baroda if sustains above 242 for target 252 and 257.
Buy Century Textiles if sustains above 619 for target 630 and if remains above can go up till 680.
Buy Hindustan Constructions if sustains above 107.50 for target 114.
Buy Oriental Bank if sustains above 212 for target 230.

Cash Calls:

Buy Cyber Media if sustains above 112 for target 128.
Buy Ramco systems if sustains above 160 for target 173.

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.