DAILY REPORT FOR 8 OCTOBER, 2007

NIFTY: - Open 5208 High 5248 Low 5164 Close 5185 (-23 points)

P/E 23.62 P/B 5.66 Adv 16 Dec 34

Supp 5160/5115/5030 Res 5210/5230/5265

SENSEX: - Open 17831 High 17979 Low 17708 Close 17773 (-3 pts)

Supp 17700/17550/17280 Res 17900/18090/18180

Supply from higher levels:-

· Opening was good as Power Grid made a sparkling debut but banks weighed down on the market. Finally we closed down by 3 points on the Sensex.

· Volumes were at Rs 20231 Cr in spot market and F&O Vol at Rs 64188 Cr.

· Breadth was quite negative in recent past – BSE Adv 1071 Dec 1900 Unch 69 NSE Adv 340 Dec 748 Unch 24

· FIIs bought Rs 948 Cr in Cash Market. Domestic Institutional Investors sold Rs 201 Cr. In Derivatives market, FIIs bought Rs 692 Cr in Index Fut & Options. They sold Rs 667 Cr in Stock Futures.

· Capital Goods were smart gainers. BHEL and L&T shot up. Banks corrected. Allahabad Bank, BoB, Federal Bank, IOB, Union Bank, SBI lost around 2-3% each.

Top Gainers: - L&T, Bharti Airtel, BHEL, Reliance, Glaxo

Top Losers: - NTPC, Tata Power, Hindalco, ITC, Tata Steel

Indian ADRs: - http://tinyurl.com/33m7dx

Outlook for Monday:-

· We have had a 4200 point rally on the Sensex in last one and half months. Next 5-6 days should be crucial for the markets as this is the time when bulls need to show their tenacity. 18000-mark is very near and if not achieved in a day or two, we may see some correction happening.

· For today’s trading, consider 5160 as a good support and below that we may see 5115 intraday. 5210 should act as a resistance in intraday trade. One should be very stock-specific at this level and should think of booking some profits here.

· Tech stocks should remain active as Infosys results are expected this week. Also gains for Nasdaq on Friday should make sentiment a bit positive for them.

· Patni (458):- Buy with SL 433 Target 510-520

(Keep SL in short-term trades)

Disclaimer: These recommendations are based on the theory of technical analysis and personal observations. This does not claim for profit. I am not responsible for any losses made by traders. It is only the outlook of the market with reference to its previous performance. You are advised to take your position with your sense and judgment. I am trying to consider the fundamental validity of stocks as far as possible, but demand and supply affects it with vision variations.

DAILY REPORT FOR 5 OCTOBER, 2007

NIFTY: - Open 5211 High 5233 Low 5126 Close 5208 (-2 points)

P/E 23.43 P/B 5.56 Adv 21 Dec 29

Supp 5180/5140/5120 Res 5235/5260/5290

SENSEX: - Open 17799 High 17890 Low 17494 Close 17777 (-69 pts)

Supp 17700/17550/17320 Res 17930/18015/18120

A breather:-

· Flat opening was followed by sharp selling in Reliance and SBI. But once again Tech stocks and some buying in Reliance saved us from a sharp fall. Power stocks gained for the 3^rd consecutive day.

· Volumes were at Rs 18592 Cr in spot market and F&O Vol at Rs 69313 Cr.

· Breadth remained negative – BSE Adv 1291 Dec 1687 Unch 60 NSE Adv 408 Dec 666 Unch 38

· FIIs bought Rs 457 Cr in Cash Market. Domestic Institutional Investors sold Rs 663 Cr. In Derivatives market, FIIs sold Rs 1264 Cr in Index Fut and sold Rs 1156 Cr in Stock Futures. They bought Rs 469 Cr in Index Options.

· Capital Goods too participated. APIL, Areva, BEML, Havells, Siemens were up more than 4% each.

Top Gainers: - Suzlon, NTPC, Siemens, ABB, Tata Steel

Top Losers: - ONGC, HDFC, Tata Power, VSNL, Sterlite Inds

Indian ADRs: - http://tinyurl.com/33m7dx

Outlook for Friday:-

· Yesterday’s movement was good consolidation and today we have to see if we can reach 18000 on the Sensex.

· 4180 is a good support for the Nifty intraday and we can test 5260 on the upside. Stock-specific movement should continue.

· Patel Engg, 3I Infotech, Havells, GDL look good on graph and can target higher levels from here.

· M&M (758):- The stock can target 840-850 levels. Buy with SL at 733.

· ITC (185):- Buy for target of 198-201. Short-term players can keep SL at 179 (Closing basis)

(Keep SL in short-term trades)

Disclaimer: These recommendations are based on the theory of technical analysis and personal observations. This does not claim for profit. I am not responsible for any losses made by traders. It is only the outlook of the market with reference to its previous performance. You are advised to take your position with your sense and judgment. I am trying to consider the fundamental validity of stocks as far as possible, but demand and supply affects it with vision variations.

DAILY REPORT FOR 4 OCTOBER, 2007

NIFTY: - Open 5069 High 5261 Low 5034 Close 5210 (+142 points)

P/E 23.43 P/B 5.56 Adv 36 Dec 14

Supp 5160/5100/5034 Res 5230/5265/5310

SENSEX: - Open 17467 High 17953 Low 17288 Close 17847 (+518 pts)

Supp 17700/17580/17500 Res 17930/18050/18120

Bulls shun first assault from bears:-

· Sensex opened big gap-up and was up more than 600 points. But bears made their presence felt as we lost all the gains in mid-trade. Bulls again came back with Infosys leading and we closed up by 518 points. Power stocks were major gainers.

· Volumes were gigantic at Rs 24842 Cr in spot market and F&O Vol at Rs 100056 Cr.

· Breadth was a bit negative – BSE Adv 1223 Dec 1761 Unch 53 NSE Adv 387 Dec 699 Unch 25

· FIIs bought massive Rs 2662 Cr in Cash Market and Domestic Institutional Investors sold Rs 221 Cr. In Derivatives market, FIIs bought Rs 1621 Cr in Index Fut & Options. They bought Rs 820 Cr in Stock Futures.

· Tech stocks rallied. Infosys gained 5%, TCS 4%, HCL Tech and Wipro were up 3%. Some realty stocks surged as DLF was up 16% and Akruti Nirman 10%.

Top Gainers: - Tata Power, Rel Energy, Suzlon, Infosys, NTPC

Top Losers: - GAIL, MTNL, Ambuja Cem, Cipla, Hind Unilever

Indian ADRs: - http://tinyurl.com/33m7dx

Outlook for Thursday:-

· We are very near the psychological mark of 18000 on the Sensex. If one assumes that market has to go up everyday, yesterday was an example that it’s not that easy. Volatility was at its very best yesterday and market players need to keep in mind that such times may come more frequently in near future.

· Though yesterday’s recovery was breath-taking, breadth remained negative. A fall may be around the corner, but timing it is a difficult thing. Buying only in cash is advised. Pharmaceutical and Tech stocks are showing good consolidations and may bounce back on expectations of good results.

· Dow Jones closes down by 79 points. MTNL, HDFC Bank and ICICI Bank were losers among Indian ADRs. Asian markets have opened in the negative. So negative global markets may weigh down our markets initially.

· Hero Honda (735):- This stock has broken out and can target well above 800 levels. Buy with SL at 710.

· Nalco (290):- Buy for target of 335-340. Keep SL at 275.

(Keep SL in short-term trades)

Disclaimer: These recommendations are based on the theory of technical analysis and personal observations. This does not claim for profit. I am not responsible for any losses made by traders. It is only the outlook of the market with reference to its previous performance. You are advised to take your position with your sense and judgment. I am trying to consider the fundamental validity of stocks as far as possible, but demand and supply affects it with vision variations.

DAILY REPORT FOR 3 OCTOBER, 2007

NIFTY: - Open 5021 High 5089 Low 5001 Close 5068 (+47 points)

P/E 22.79 P/B 5.41 Adv 28 Dec 22

Supp 5050/4990/4965 Res 5085/5110/5140

SENSEX: - Open 17356 High 17425 Low 17144 Close 17328 (+37 pts)

Supp 17290/17140/17000 Res 17430/17500/17610

New All time high:-

· Markets opened firm but went into negative territory. But consistent buying was seen after sun-outage period ended and Sensex closed up by 37 points. Nifty outperformed the Sensex as ONGC had a nice rally.

· Volumes were lower at Rs 17357 Cr in spot market and F&O Vol Rs 61451 Cr.

· Breadth was positive – BSE Adv 1743 Dec 1208 Unch 82 NSE Adv 630 Dec 462 Unch 27

· FIIs buy Rs 1721 Cr in Cash Market and Domestic Institutional Investors sell Rs 929 Cr. In Derivatives market, FIIs sold Rs 453 Cr in Index Fut & bought Rs 519 Cr in Index Options. They sold huge Rs 1321 Cr in Stock Futures.

· Power stocks surged. Also refinery stocks were among gainers. Banks corrected a bit with SBI as the top loser.

Top Gainers: - Rel Energy, Tata Power, NTPC, BPCL, GAIL

Top Losers: - SBI, Nalco, BHEL, ITC, Hero Honda

Indian ADRs: - http://tinyurl.com/33m7dx

Outlook for Wednesday:-

· A flat opening is expected today. Supply from higher levels is not ruled out.

· 4990-5000 level is providing good support for the Nifty. Below that we can expect 4965 being tested.

· VSNL (446):- Buy around 428-434 for target 485-490. SL can be kept at 415.

· ONGC has hit a new all time high on Monday and should prevent the indices from big losses. Reliance and SBI have to be watched for knowing market movement. We can correct if they start cracking. Stock-specific action should continue.

(Keep SL in short-term trades)

Room tariffs in star hotels may rise by 15-20% http://www.thehindubusinessline.com/2007/10/03/stories/2007100351830100.htm

Adani in talks with GSPC for LNG terminal in Mundra http://economictimes.indiatimes.com/News_by_Industry/Adani_in_talks_with_GSPC_for_LNG_terminal_in_Mundra/articleshow/2423315.cms

Disclaimer: These recommendations are based on the theory of technical analysis and personal observations. This does not claim for profit. I am not responsible for any losses made by traders. It is only the outlook of the market with reference to its previous performance. You are advised to take your position with your sense and judgment. I am trying to consider the fundamental validity of stocks as far as possible, but demand and supply affects it with vision variations.

DAILY REPORT FOR 1 OCTOBER, 2007

NIFTY: - Open 4996 High 5055 Low 4996 Close 5021 (+21 points)

P/E 22.58 P/B 5.36 Adv 30 Dec 19 Unch 1

Supp 4990/4965/4930 Res 5050/5085/5110

SENSEX: - Open 17152 High 17361 Low 17152 Close 17291 (+140 pts)

Supp 17260/17170/17050 Res 17370/17420/17535

Bulls finding it very comfortable:-

· Markets opened strong and remained up the whole day. Metals and Banks surged

· Volumes were lower at Rs 17595 Cr in spot market and F&O Vol Rs 56998 Cr.

· Breadth was positive – BSE Adv 1502 Dec 1457 Unch 74 NSE Adv 595 Dec 483 Unch 31

· FIIs continue to buy Rs 2275 Cr in Cash Market and Domestic Institutional Investors sold Rs 100 Cr. FIIs bought Rs 1202 Cr in Index Fut & Index Options and sold Rs 511 Cr in Stock Futures.

· Sesa Goa and Tata Steel shot up 7%. Hindalco was up 4%. Bank of India rallied 6%. Yes Bank, Union Bank, SBI and Allahabad Bank too saw good gains.

Top Gainers: - Rel Energy, Tata Steel, Zee Enter, Hindalco, Cipla

Top Losers: - Nalco, MTNL, Bharti Airtel, Hind Petro, HCL Tech

Indian ADRs: - http://tinyurl.com/33m7dx

Outlook for Monday:-

· 4990 and 4965 are good supports for the Nifty this week. Below those levels, some correction may happen. On the upside, we can look at 5050 and 5110 as probable resistances.

· 3I Infotech (147):- Buy for target 165-170 SL 140

· Pharmaceutical stocks look like slowly getting out of consolidations and running up. Biocon, Dr Reddy and Aurobindo Pharma show a lot of promise.

· Bank stocks are building a lot of Open Interest and can give good trading opportunities.

(Keep SL in short-term trades)

Disclaimer: These recommendations are based on the theory of technical analysis and personal observations. This does not claim for profit. I am not responsible for any losses made by traders. It is only the outlook of the market with reference to its previous performance. You are advised to take your position with your sense and judgment. I am trying to consider the fundamental validity of stocks as far as possible, but demand and supply affects it with vision variations.