DAILY REPORT FOR 1 NOVEMBER, 2007

NIFTY: - Open 5868 High 5952 Low 5861 Close 5900 (+32 points)

P/E 26.01 P/B 6.15 Adv 28 Dec 21 Unch 1

Supp 5830/5740/5625 Res 6040/6100/6270

SENSEX: - Open 19827 High 19984 Low 19735 Close 19837 (+54 pts)

Supp 19700/19560/19200 Res 20030/20240/20450

Volatility before the Fed meeting:-

· It was a day for non-index stocks as blue chips remained subdued. Jindal Steel and Power was up more than 20%. Century Enka, Str Optical, Nestle were other winners. Closing was just 54 points up on the Sensex.

· Volumes were expectedly lower - Rs 22675 Cr in spot market and F&O Vol at Rs 71090 Cr.

· Breadth was a concern – BSE Adv 1536 Dec 1437 Unch 86 NSE Adv 541 Dec 553 Unch 27

· Institutional Investors bet on Fed rate cut and bought Indian Equity. FIIs bought Rs 198 Cr and DIIs were buyers worth Rs 444 Cr. FIIs hedged equity exposure by selling Rs 582 Cr in Stock Futures. They remained small buyers in Index Fut worth Rs 45 Cr.

Top Gainers: - RPL, REL, PNB, Ranbaxy, Unitech

Top Losers: - MTNL, Hind Unilever, Zee Enter, VSNL, BHEL

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

Outlook for Thursday:-

· The Fed has cut its interest rate by 25 bps. It was quite an expected action and US stocks advanced as Dow Jones closed by 137 points up. A firm opening is anticipated today in Indian markets as well on the back of this news.

· 20450 for the Sensex and 6100 for Nifty can be achieved in this rally. Support for the same is at 19600 and 5830 respectively. A closing past 20000 is needed for maintaining strength of this rally. Stock-specific action is expected.

· SCI (240):- Buy for target of 300 and above. SL can be kept at 220.

· ING Vysya (287):- The stock has broken out and can target 340-350 levels. It is a good buy around 275-280 SL 260.

(Keep SL in short-term trades)

Fed lowers its rates http://www.bloomberg.com/apps/news?pid=20601087&sid=aKrtVlepFjRQ&refer=home

Tough steps to check foreign inflows likely http://economictimes.indiatimes.com/Tough_steps_to_check_foreign_inflows_likely/articleshow/2506915.cms

Dr Reddy's eyes cos with branded generics presence http://economictimes.indiatimes.com/News_by_Industry/Dr_Reddys_eyes_cos_with_branded_generics_presence/articleshow/2506636.cms

GSPC may sell 30% equity in KG block http://www.livemint.com/2007/11/01002248/GSPC-may-sell-30-equity-in-KG.html

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 31 OCTOBER, 2007

NIFTY: - Open 5917 High 5976 Low 5833 Close 5868 (-37 points)

P/E 26.01 P/B 6.15 Adv 17 Dec 33

Supp 5830/5740/5625 Res 5890/5930/5980

SENSEX: - Open 20103 High 20238 Low 19694 Close 19783 (-194 pts)

Supp 19700/19560/19200 Res 20030/20240/20450

CRR hike dampens sentiment:-

· It was a volatile day of trade but Banks and Auto stocks got sold off after RBI hiked CRR by 50 bps. Finally we closed 194 points down on the Sensex.

· Volumes were decent - Rs 24636 Cr in spot market and F&O Vol at Rs 89601 Cr.

· Breadth was a concern – BSE Adv 1218 Dec 1757 Unch 83 NSE Adv 360 Dec 728 Unch 33

· Foreign and Domestic investors both sold Indian Equity worth Rs 566 Cr. FIIs continue to hedge as they sold Rs 561 Cr worth Stock and Index Futures.

Top Gainers: - Sterlite Inds, ABB, RPL, Rel Energy, Siemens

Top Losers: - Maruti, M&M, SAIL, PNB, Tata Motors

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

Outlook for Wednesday:-

· US Fed meeting has started yesterday and today night its decision will come out on whether interest rates will be cut or not. Last time when Fed cut the rates, we saw a massive rally in our markets.

· Earnings season is coming to end and most of the growth has been discounted by the market already.

· N-Deal is still an uncertainty as Congress and Left are yet to decide on the issue.

· A correction until 19200-19300 is possible for the Sensex and it can come intraday also.

· 19560 should provide a good support and until that is broken, we will remain ranged between 20100 and 19600.

· Though Sensex has traded above 20000 for a lot of times intraday, it has not been able to close above it. A closing above 20000 can be positive as far as strength of the rally is concerned. We have to see if a Fed rate cut can make it happen. 6000 on the Nifty is also awaited eagerly.

· APIL, ACC, India Cem are some of the weaker stocks in the market and they can touch lower levels.

· ACE (412):- Buy this stock as it can achieve 450-460 levels in 3-4 days time.

(Keep SL in short-term trades)

Results today – 3M India, Aarti Inds, Aditya Birla Nuvo, Aftek, Agro Dutch Ind, Ahmednagar Forg, AIA Engg, Alok Inds, Amar Remedies, Amtek India, Ankur Drug, Ansal Hsg, Ansal Prop, Aptech, Archies, Ashtavinayak, Assam Co, Astra Micro, Atlas Cycle, Auro Pharma, Axis IT&T, BAG Films, Bank Of Baroda, Berger Paints, Bharti Airtel, Birla Corp, Birla VXL, Blue Star Info, Bombay Dyeing, BPCL, BSEL Infra, Cambridge Tech, Canara Bank, Celebrity Fashion, Central Bank, CESC, Cinemax, Cosmo Films, DCB, Deccan Aviation, Elgi Tread, Emami, ESS DEE, Essar Oil, Essar Steel, Eurotex, Eveready Ind, Financial Tech, Ganesh Hsg, GBN, Glenmark, GTN Tex, Guj Sidhee Cem, Hanil Era Tex, Harrisons Malay, HFCL, Hindalco, HMT, HTMT Global, HUL, Hyd Ind, Indoco Rem, IOL Broadband, Ispat Ind, IVP, IVR Prime, IVRCL Infra, Jayshree Tea, K Sera Sera, KEC Int, KEI Inds, Kinetic Motor, Liberty Shoes, Lloyds Steel, Lyka Lab, Mangalore Chem, Mcleod Russ, Mcnally Bh Engg, Media Video, MTNL, Nagarjuna Const, Neyveli Lig, Oswal Chem, Padmalaya Tele, Patni Comp, Petron Eng, Phillips Carbon, Power Grid Corp, Prithvi Info, Punj Lloyd, Rana Sug, Rajshree Sug, RCom, RS Soft, RSWM, Ruchi Soya, Sabero Org, SAL Steel, Shriram City, Shyam Tele, Siyaram Silk, STC India, Subhash Proj, Sunflag Iron, Sunil HiTech, Suryalakshmi Cott, Taj GVK Hotel, Talbros Auto, Tamil Tele, Tata Mot, Trigyn Tech, Tube Inv, TV18, Uniply, United Spir, Usha Martin, Vaibhav Gem, Venkeys, Videocon Inds, Visa Steel, Vivimed Lab, VSNL, Wanbury, WS Inds, XL Tele, Zenith Birla

RBI hikes CRR http://www.dnaindia.com/report.asp?newsid=1130711

Infosys pursuing $1,500 mn plus bills overseas http://www.dnaindia.com/report.asp?newsid=1130742

US mounts pressure, Pranab turns to Left http://www.ibnlive.com/news/us-mounts-pressure-pranab-turns-to-left/51423-3.html

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 30 OCTOBER, 2007

NIFTY: - Open 5708 High 5922 Low 5708 Close 5905 (+203 points)

P/E 26.35 P/B 6.18 Adv 41 Dec 9

Supp 5890/5840/5730 Res 5935/5980/6065

SENSEX: - Open 19621 High 20024 Low 19621 Close 19977 (+734 pts)

Supp 19850/19730/19600 Res 20050/20130/20300

20K conquered:-

· After a breathtaking opening, Sensex consolidated all the gains and touched 20K in late trade. It closed just below that magical figure and was up 734 points. Banks, Capital Goods and ONGC were major leaders.

· Volumes were good - Rs 21803 Cr in spot market and F&O Vol at Rs 69537 Cr.

· Breadth was positive– BSE Adv 1700 Dec 1288 Unch 70 NSE Adv 644 Dec 455 Unch 22

· Both FIIs and DIIs went on a buying spree as they collectively bought Rs 1323 Cr in Spot Market. In Derivatives segment, FIIs bought Rs 1380 Cr worth Nifty Fut and sold Rs 28 Cr of Stock Fut.

Top Gainers: - Siemens, L&T, RPL, HDFC, BHEL

Top Losers: - BPCL, M&M, Ranbaxy, TCS, Cipla

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

Outlook for Tuesday:-

· RBI Credit Policy will be out today and any hike in CRR or other rates may be a bit negative for the markets. Auto and Banks will see some selling in that case.

· Next psychological milestone is 6000 for the Nifty, 5840 should be considered as a good support intraday. Selling from higher levels is not ruled out.

· Sugar Stocks look attractive. Bajaj Hind, Renuka and Balrampur Chinni can outperform.

Results today – Aarti Drugs, Aarvee Denim, Ajanta Pharma, APIL, Asian Ele, Balaji Tele, Bharat Rasayan, BL Kashyap, Bong Ref, Cambridge Sol, CBoP, Chennai Petro, Crest Anim, Crompton Greaves, DLF, EIH, Emco, EIL, Esab, Everonn, GHCL, HDFC, HOCL, IMP Power, Indo Rama Synth, Indo Tech Trans, IGL, Indus Fila, IOC, Ispat Inds, JB Chem, Karnataka Bank, KEC Infra, Kesoram, Logix Micro, Mah Seamless, Mirc Ele, Nectar Life, Nestle, ONGC, Parsvanath, Raj TV, Ramkrishna Forg, ROHL, SAIL, Sesa Goa, Shreyas Ship, Sterlite Opt, Tata Chem, Tata Power, TTML, Timken, Torrent Pharma, Unitech, Varun Ship, Vesuvius, Vishal Exp, Zenith Info, Zylog

http://www.business-standard.com/bsonline/storypage.php?leftnm=11&bKeyFlag=IN&autono=29445

RBI hints at no changes in rates

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 29 OCTOBER, 2007

NIFTY: - Open 5564High 5716 Low 5513 Close 5702 (+134 points)

P/E 25.57 P/B 5.96 Adv 41 Dec 9

Supp 5640/5570/5500 Res 5740/5830/5880

SENSEX: - Open 18823 High 19276 Low 18629 Close 19243 (+472 pts)

Supp 19180/19000/18820 Res 19500/19970/20450

Capital Goods, Auto and Banks lead:-

· After initial hesitation bulls snatched the control and consistent buying was seen the whole day. L&T and SBI were the stars in the Nifty.

· Volumes were lower - Rs 19967 Cr in spot market and F&O Vol at Rs 73836 Cr.

· Breadth was very good – BSE Adv 1814 Dec 1159 Unch 84 NSE Adv 725 Dec 368 Unch 28

· FIIs sold Indian Equity despite a good rally. They sold Rs 1237 Cr in Cash market. But DIIs were buyers to the tune of Rs 965 Cr. Foreign Investors sold Index futures worth Rs 1600 Cr. They sold in Stock Futures too worth Rs 487 Cr. This means they must be hedging their delivery exposure.

Top Gainers: - Tata Steel, Nalco, VSNL, Ster Inds, BPCL

Top Losers: - Cipla, Dr Reddy, ACC, ABB, Zee Enter

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

Outlook for Monday:-

· After correcting heavily last week, we have recovered the whole distance as Sensex gave a new all time high closing on Friday. Nifty is yet to do that feat as its all time high sits at 5736.

· P Chidambaram, the Finance Minister of India has talked about controlling capital inflows into India on Friday and that statement has to be taken a bit cautiously.

· This week is characterized by 2 major events. One is the RBI Credit Policy on Tuesday and the other is the Fed meeting on Wednesday. 5450-5500 should be considered as a good weekly support in case of any decline. One is advised to be light on positions for some time.

· 5640 should be considered as intraday support for the Nifty and we can see 5830 and 5880 once we cross previous high around 5740.

· CAIRN (204):- The stock can target 240-250 levels in 15 days time. Buy with SL of 192.

Results today – ABG Shipyard, Adani Enter, Aegis Log, Akruti Nirman, Apollo Sindh, Asian Granito, BoI, BHEL, CBoP, CCCL, Core Proj, Dhanalax Bank, Easun Reyrl, EID Parry, Electrosteel, FirstSource Sol, Fortis Health, Genus Power, GMR Ind, GMDC, Hanung Toy, HDFC, Hi-tech Gear, Hinduja TMT, House of Pearl, HPCL, ICRA, Ind-swift Labs, Indiabulls Real Estate, Info Edge, IOB, Ipca Lab, ITI, Jagran, JP Hydro, Jet Air, Jindal Steel, JM Fin, Kalpataru Power, Karur Vysya, Kaveri Seed, Kernex Micro, Lakshmi Machine, Lumax Auto, Mah and Mah, Malu Paper, Manali Petro, Maruti Suzuki, Max, McDowell, Midday Multi, Monsanto, Mphasis, MRPL, Mukand, NCL Ind, Neocure Therap, Nirma, Omax Auto, OBC, Oudh Sugar, PNB, RPG Cab, Samtel Col, Simplex Infra, SMS Pharma, Sobha Dev, SREI Infra, Sterlite Ind, Surya Roshni, Sutlej Tex, Take Sol, Tata Tea, Time Techno, Torrent Power, Uniphos Enter, United Phos, VIP, Vishal Ret, Voltamp Trans, VST, Zodiac Cloth

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 26 OCTOBER, 2007

NIFTY: - Open 5499 High 5605 Low 5469 Close 5568 (+72 points)

P/E 25.01 P/B 5.82 Adv 36 Dec 14

Supp 5530/5465/5400 Res 5670/5735/5870

SENSEX: - Open 18519 High 18900 Low 18459 Close 18770 (+257 pts)

Supp 18700/18460/18240 Res 18950/19200/19420

Metals shine:-

· Markets started flat. But buying was seen in Metal stocks especially Nalco, SAIL and Tata Steel. Finally Sensex could close up by 257 points. Nifty too touched 5600 intraday.

· Volumes were expectedly better than Wednesday because of F&O expiry - Rs 23477 Cr in spot market and F&O Vol at Rs 103930 Cr.

· Breadth was better – BSE Adv 1729 Dec 1245 Unch 82 NSE Adv 606 Dec 478 Unch 37

· FIIs were overall cautious just before the SEBI announcements yesterday. They were sellers to the tune of Rs 625 Cr in spot market. Also they sold Rs 535 Cr in both Stock and Index Futures markets. DIIs bought Indian equity worth Rs 788 Cr yesterday.

Top Gainers: - Tata Steel, Nalco, VSNL, Ster Inds, BPCL

Top Losers: - Cipla, Dr Reddy, ACC, ABB, Zee Enter

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

Outlook for Friday:-

· There is nothing new in the SEBI announcements yesterday. Previous suggestions have just been confirmed as rules now. It is a clear positive in the long term. There has not been further tightening on any front. Also no liberty has been given in any matter. But we need to see how markets will react to this.

· Uncertainty is very dangerous for the markets and now it has been removed by SEBI’s clarifications yesterday. Market should be watched for some time before jumping on to buying / selling. Next trigger is RBI credit policy on Tuesday.

· Banks and Auto stocks are pretty buoyant for last 2-3 days as RBI credit policy is to be announced on 30th of this month. A neutral policy or a rate cut will be welcomed by the market. But a rate hike will be punished quite heavily. Also US Fed meets on 31st October. That event will also be watched out.

· Technically speaking, 5530 is a good support for the market in intraday trade. Some correction towards 5460 and 5400 can happen if that gets broken. On the upside we have resistance at 5670 and above that a new high is expected.

Results today – Ador Welding, Allsec, Andhra Bank, Apollo Tyres, Asahi India, Atlanta, Atul, Avaya Global, Bata, BEML, Bharat Bijlee, Bharat Elec, Bharat Forge, Cadilla, Carborundrum, City Union Bank, Clutch Auto, Colgate, CRISIL, D-Link, Dabur Pharma, Deccan Chronicle, Dredging Corp, Educomp, Emkay, Excel, Gabriel, GVK Power, HDIL, HCC, HT Media, I-Flex, ICI, ICSA, Indian Hotels, ITC, Jindal Stain, JK Cem, Jyoti Struct, Kale Cons, Kotak Mah Bank, Lanco Infra, L&T, Micro Tech, Moser Baer, Nagar Fert, Oil Country, OBC, Pantaloon, Phoenix Lamp, Piramyd Ret, Raymond, SPIC, Syndi Bank, Tata Steel, Texmaco, Thomas Cook, TV Today, Valecha, Vimta

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.