Nifty: 4087.90 +4.40 Points Sensex: 13872.37 -36.21 Points

FII Activity:
Cash Segment: 440.51 crores net sellers
Index Futures: 808.40 crores net sellers
Stock futures: 83.78 crores net sellers

Advance Decline ratio: 639:411

Outlook for 03May07:
The markets will be trading today after two days break. Most of the global markets are having a short week. The US markets traded in positive yesterday and the Asian markets have taken a cue from them and are also trading in positive. Our markets should also open in the positive today but the question is whether the early morning gains will be sustained or not. The FII figures for 30April07 is a cause for concern. Even though the markets ended flat on Monday the FII’s have sold substantial quantity. For today, the Nifty should face resistance at 4100-4140-4173 and should take support at 4067-4044-4004.

Futures Trading Calls:

Buy McDowell if sustains above 882 for target 912.
Buy Bata if sustains above 167.50 for target 181.
Buy Infosys if sustains above 2080 for target 2130.
Buy GMR Infra if sustains above 434 for target 460.
Buy ACC if sustains above 852 for target 875.

Sell Polaris if remains below 167 for target 161 and 155.

Cash Calls:

Buy DCB if sustains above 77.50 for target 86.50

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.