Nifty: 4134.30 +57.65 Points Sensex: 13965.86 +169.70 Points

FII Activity:
Cash Segment: 85.32 crores net sellers
Index Futures: 716.01 crores net buyers
Stock futures: 114.75 crores net sellers

Advance Decline ratio: 758:308

Outlook for 15May07:
As expected the markets opened in the positive and held on to its gains yesterday. Better then expected results from SBI and global markets triggered the up move yesterday. US markets were quite yesterday as they expect economic data on Tuesday. For today, the global cues are flat and that might be the case in our markets as well. I expect the markets to open flattish to bearish and can gain some momentum in the second half to close in the positive. The Nifty should find resistance at 4142-4167-4184 and should find support at 4114-4101-4077.

Futures Trading Calls:

Buy Canara Bank if sustains above 236 for target 243 and 251.
Buy Hotel Leela ventures if sustains above 60 for target 62.
Buy Rajesh Exports if sustains above 440 for target 450.

Cash Calls:

Buy Srei Infrastructure Finance if sustains above 64.50 for target 70.
Buy Jenson & NIc (I) if sustains above 6.60 for target 9.00

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.