Nifty: 4177.85 +10.55 Points Sensex: 14228.88 +11.11 Points

FII Activity:
Cash Segment: 89.04 crores net sellers
Index Futures: 75.17 crores net buyers
Stock futures: 140.61 crores net sellers

Advance Decline ratio: 395:668

Outlook for 27Apr07:
The April F&O series contract expired yesterday and today is the first day of May contracts. The highlight of the day will be the reaction to the results of Reliance Industries Ltd which was declared overnight. The results were above the estimated figures, but the question is how the market will react to it. Generally the first day of any contract series will be positive. Still it is advisable to exercise caution at higher levels. For today, the Nifty should face resistance at 4200-4219-4245 and should take support at 4152-4111-4098.

Futures Trading Calls:

Buy BPCL if sustains above 343 for target 366.
Buy Divis lab if sustains above 3625 for target 3900.
Buy Gujarat Alkalies if sustains above 152 for target 165.
Buy IOC if sustains above 432 for target 450.
Buy IndusInd Bank if sustains above 46 for target 49.50
Buy Neyveli Lignite if sustains above 64 for target 66 and 70.
Buy TVS motors at current levels for target 70.

Sell Alok Industires if sustains below 60.30 for target 54.50 with stop loss 65.50
Sell Century Textiles if sustains below 602 for target 560.
Sell IDFC if sustains below 95.50 for target 90 and 84.
Sell Relaince Capital if sustains below 717 for target685.
Sell Syndicate Bank if sustains below 76 for target 72.

Cash Calls:

Buy Visual Soft if sustains above 83 for target 95.

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.