Nifty: 4214.50 -5.05 Points Sensex: 14303.41 +3.70 Points

FII Activity:
Cash Segment: 56.64 crores net buyers
Index Futures: 457.47 crores net sellers
Stock futures: 228.08 crores net sellers

Advance Decline ratio: 425:649

Outlook for 21May07:
The markets are expected to resume its upward journey today and can test 4250 levels. Use these levels to exit long and get ready to go short at further higher levels. For today, the Nifty should face resistance at 4240-4251-4275 and should take support at 4187-4170-4158.

Futures Trading Calls:

Buy HDFC Bank at current levels for target 1100 and 1130.
Buy JP Associates at current levels for target 720 and 740.

Cash Calls:

Buy Bartronics at current levels for target 140 and 150.
Buy Cranes Software if sustains above 118 for target 130.
Buy Gujarat NRE coke at current levels for target 59 and 64.
Buy Radico khaitan if sustains above 147.50 for target 155-165-175.

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.