Nifty: 4076.65 +9.85 Points Sensex: 13796.16 +24.93 Points

FII Activity:
Cash Segment: 514.26 crores net sellers
Index Futures: 178.93 crores net sellers
Stock futures: 195.91 crores net sellers

Advance Decline ratio: 505:543

Outlook for 14May07:
The markets are all set to go up this week. Please do not go and buy for long term just yet. This might be the last and final up move before it starts correcting again. I do not expect the Nifty to go past 4200 in this run. In case it does so, it can go up till 4250 and 4315. On Friday even if the markets recovered from the panic selling situation in the morning the FIIs were net sellers in the end. There is no strength in this pull back. The global markets are strong and will help our market go up but, till when, is the question. It is always advisable to go short at the higher levels. For today, Nifty should face resistance at 4103-4139-4166 and should take support at 4044-4026-4000.

Futures Trading Calls:

Buy IDFC at current levels for target 113.75
Buy JP Associates if sustains above 630 for target 653 and 683.
Buy Reliance Communications if sustains above 487 for target 498.
Buy Triveni Engineering if sustains above 54 for target 56.50
Buy Bajaj Hindustan if sustains above 174 for target 184.

Sell Divis Laboratories at current levels for target 3570 with stop loss 3920.

Cash Calls:

Buy Sterlite Opticals if sustains above 197 for target 207.

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.