Thursday, April 26, 2007

Nifty: 4167.30 +25.50 Points Sensex: 14217.77 +81.05 Points

FII Activity:
Cash Segment: 781.25 crores net buyers
Index Futures: 348.59 crores net buyers
Stock futures: 349.52 crores net sellers

Advance Decline ratio: 650:421

Outlook for 26Apr07:
Yesterday the markets zoomed up in the afternoon session. Today the markets will go up in the first session. Along with the local news the global markets are adding strength to our markets. The Nifty is all set to touch 4200 level. It was the index heavy weights like ONGC, Reliance and ICICI Bank who decided to move yesterday. For today, the Nifty should face resistance at 4185-4200-4223 and should take support at 4148-4122-4000.

Futures Trading Calls:

Buy Mphasis BFL may futures if April futures sustains above 317 for target 327.
Buy Nagarjuna Constructions if April futures sustains above 188 for target 203.

Cash Calls:

Buy KLG Systel at current levels for target 390.


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.

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