DAILY REPORT FOR 7 JANUARY, 2008

NIFTY: - Open 6179 High 6300 Low 6179 Close 6274 (+96 points)

P/E 27.80 P/B 6.43 Adv 28 Dec 21 Unch 1

Supp 6250/6175/6060 Res 6325/6370/6440

SENSEX: - Open 20367 High 20762 Low 20367 Close 20686 (+341 pts)

Supp 20500/20350/20000 Res 20800/21000/21250

300 pt rally:-

· Indices can’t give meager gains when Reliance and ONGC move together and the very thing happened on Friday. Some help from FMCG did come and Sensex closed up by 341 points.

· Volumes were a little higher - Rs 23686 Cr in spot market and F&O Vol at Rs 67181 Cr.

· Breadth was more negative than Thursday – BSE Adv 1511 Dec 1396 Unch 28 NSE Adv 536 Dec 601 Unch 8

· Top Gainers: - RPL, Sterlite, LT, ICICI Bank, Hind Unilever

Top Losers: - Sun Pharma, Nalco, NTPC, Hero Honda, Tata Motors

· FIIs bought just Rs 16 Cr and DIIs bought Rs 506 Cr in Cash Market. Foreign investors bought Rs 1072 Cr in Index Fut and sold Rs 257 Cr in Stock Fut.

· Total OI 122648 Cr (+4861 Cr) PCR at 1.40

· Nifty added 3% OI. Discount 10.15

· OI Added:- BEML 17%, Gitanjali 21%, IOB 14%, Naukri 12%, Patel 19%, Rolta 27%, Satyam 12%, STAR 14%, Sun TV 21%, Tata Motors 14%

· OI Shed:- BankNifty 12%, Minifty 11%, DLF 9%, JP Hydro 12%, NagarConst 13%, Parsvnath 5%, Petronet 6%, RelCap 6%, Sasken 9%, Sterlite 5%, Tata Power 10%, UniPhos 15%

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

Global Markets:-

Dow Jones plunged 256 points on bad economic data. Nasdaq was down nearly 100 points. All Indian ADRs were in the negative. Asian markets have also opened weak.

Outlook for Monday:-

· Friday was a breakout as ONGC and Reliance Ind made things pretty simple for the indices. Now we need to sustain these levels to once again show our strength in front of other markets.

· Reliance and ONGC should again be watched as these stocks can once again help the market from tanking. Nifty has to sustain 6170 levels.

· Biocon, TTML, Indian Hotel look good to buy in dips.

· Indian Hotels (166):- Buy near 158-162 for target 185-190. Keep SL 150

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 JANUARY, 2008

NIFTY: - Open 6184 High 6230 Low 6126 Close 6178 (-0.85 points)

P/E 27.80 P/B 6.43 Adv 13 Dec 37

Supp 6125/6060/5980 Res 6230/6265/6350

SENSEX: - Open 20403 High 20519 Low 20293 Close 20345 (-120 pts)

Supp 20290/20240/20000 Res 20550/20800/21000

Consolidation:-

· Indices consolidated between narrow range for the whole day and Sensex closed down by 120 points. But Nifty was very flat on account of ONGC performing. Power stocks were in demand.

· Volumes were higher - Rs 24710 Cr in spot market and F&O Vol at Rs 70651 Cr.

· Breadth was flattish – BSE Adv 1597 Dec 1307 Unch 20 NSE Adv 513 Dec 627 Unch 4

· Top Gainers: - NTPC, REL, Cairn, BPCL, Tata Power

Top Losers: - VSNL, Dr Reddy, Sun Pharma, Grasim TCS

· FIIs sold Rs 244 Cr and DIIs bought Rs 526 Cr in Cash Market. FIIs sold Rs 1241 in Index and Stock Futures.

· Total OI 117787 Cr (+4115 Cr) PCR at 1.36

· Nifty added 4% OI. There was no premium or discount as Nifty cash and futures closed almost at the same rate.

· OI Added:- Minifty 52%, Federal Bank 34%, Colgate 29%, Brigade 22%, Moser 22%, Canbk 21%, HCC 20%, Amtek Auto 19%, Dabur 17%, Tata Power 17%, Wipro 17%, Peninsula 16%, HTMT Global 15%, ITC 15%, Redington 15%, SAIL 14%, VSNL 13%, Dr Reddy 12%, Mahlife 12%, TCS 12%, BankNifty 11%, CESC 11%, STAR 11%

· OI Shed:- Uniphos 12%, AdiBirlaNuvo 9%, BongRef 7%, REL 6%, J&K 6%, IDBI 6%, EKC 6%

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

Global Markets:-

American markets were flat as Dow Jones closed just 12 points higher. Indian ADRs too were flat. Asian indices have opened mixed.

Outlook for Friday:-

· Once again yesterday was a narrow range for this market despite negative Asian and US markets. Even if this is a sign of strength, market indicators say that we are near a top. This may not be a top but we are near it.

· Number of stocks hitting upper circuits is increasing daily. More than 1000 scrips are hitting only buyer circuits for the last 3-4 trading sessions. Many of them don’t have the right fundamentals to be a part of such breathtaking rallies.

· Money in the stock market is made through investing and caution is advised when a futures player also considers himself as an investor. One needs to take informed decision while deploying his hard-earned money in the stock market.

· Reliance and ONGC are near all-time highs and they can make a big difference to this market. Any positive move in these stocks and short-covering will take the market to higher orbit once again.

· Nifty levels of 6125 and 6060 look pretty important now as strength will be witnessed above these levels. A move past 6230 will force shorts to cover.

· GMR Infra (251):- Buy for target of 275-280 in short-term. Keep SL of 240.

· Tata Motors is in the final stages of winning the Ford brands. The stock can perform very well in 2008 and only investors should buy it.

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 JANUARY, 2008

NIFTY: - Open 6144 High 6197 Low 6060 Close 6179 (+35 points)

P/E 27.80 P/B 6.43 Adv 23 Dec 27

Supp 6100/6050/6020 Res 6200/6265/6350

SENSEX: - Open 20393 High 20529 Low 20077 Close 20465 (+164 pts)

Supp 20300/20240/20000 Res 20550/20800/21000

Good recovery from lows:-

· Markets fell in the first half but then slowly recovered to close near all-time highs.

· Volumes were higher - Rs 22655 Cr in spot market and F&O Vol at Rs 74186 Cr.

· Breadth was positive but not so overwhelming – BSE Adv 1982 Dec 911 Unch 21 NSE Adv 673 Dec 467 Unch 3

· Top Gainers: - Unitech, PNB, HDFC, Tata Motors, REL

Top Losers: - HCL Tech, GAIL, Cairn, VSNL, Satyam Comp

· FIIs sold Rs 628 Cr and DIIs bought Rs 427 Cr in Cash Market. FIIs bought Rs 34 Cr in Index Futures and sold Rs 1037 Cr in Stock Futures.

· Total OI 113672 Cr (+4155 Cr) PCR at 1.34

· Nifty OI was almost unchanged. Premium 40.70 pts

· OI Added:- BankNifty 13%, AdiBirlaNuvo 12%, Adlabs 20%, Amtek Auto 14%, Axis 21%, BEML 13%, Bhusan 17%, BomDyeing 17%, Brigade 33%, Canbk 12%, CESC 15%, CMC 12%, Colgate 20%, Dabur 15%, Federal 13%, HTMTGlobal 53%, IndusInd 11%, IVRPrime 13%, J&K Bank 24%, Karnataka Bank 15%, MahLife 12%, Matrix Labs 19%, NagarConst 37%, NagarFert 11%, Naukri 11%, Peninsula 13%, RelCap 10%, ShreeCem 13%, Tata Power 10%, UniPhos 20%

· OI Shed:- BPCL 7%, Essar Oil 12%, Indian Bank 12%, Parsvnath 7%, Vijaya Bank 8%

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

Global Markets:-

Dow Jones closes down by more than 200 points on the back of biggest decline in manufacturing in five years. MTNL ADR gained 8% and Tata Motors 3%.

Outlook for Thursday:-

· Markets to open weak on negative global cues. Cement companies can see some selling on the back of news that TN Government may take over the private companies if prices are not cut.

· Yesterday Nifty made a nice recovery from lows of 6060 but once we are below that, 6020 and 5980 can come rapidly. With results season just around, one needs to be light with positions. Correction starting from current levels is not a good sign. Any move below 5980 will be very negative for this market.

· GDL is looking very nice around current levels of 161. The stock just needs to cross 168 and it can rapidly move towards 200.

· Satyam Comp (436):- The stock has consolidated nicely and can target around 485-490 levels in days to come. Buy with SL 425

Tamil Nadu threatens to take over Cement cos http://www.business-standard.com/common/storypage_c_online.php?leftnm=10&bKeyFlag=IN&autono=31993

MTNL likely to get pan-India mobile license http://economictimes.indiatimes.com/MTNL_likely_to_get_pan-India_mobile_licence/articleshow/2670454.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 2 JANUARY, 2008

NIFTY: - Open 6136 High 6165 Low 6109 Close 6144 (+6 points)

P/E 27.64 P/B 6.40 Adv 24 Dec 26

Supp 6090/6070/6020 Res 6160/6200/6265

SENSEX: - Open 20325 High 20394 Low 20220 Close 20300 (+13 pts)

Supp 20200/20000/19800 Res 20400/20500/20900

Cautious start to the New Year:-

· Markets gained in early trade but drifted down thereafter to close just 13 points up on the Sensex. Power stocks rallied with Rel Energy and Tata Power as leaders.

· Volumes were lower - Rs 16595 Cr in spot market and F&O Vol at Rs 49163 Cr.

· Breadth was positive– BSE Adv 2418 Dec 651 Unch 36 NSE Adv 819 Dec 333 Unch 16

· Top Gainers: - REL, Tata Power, Nalco, ITC, Unitech

Top Losers: - Cairn, Bharti Air, HCL Tech, TCS, Idea

· FIIs bought Rs 461 Cr and DIIs bought Rs 306 Cr in Cash Market. FIIs sold total Rs 325 Cr in stock and index futures.

· Total OI 109516 Cr (+3485 Cr) PCR at 1.29

· Nifty added 2% OI. Premium 12.05 pts

· OI Added:- Albk 12%, Brigade 54%, HOEC 13%, IOB 11%, ITC 12%, J&K 24%, Karnataka Bank 11%, MahLife 11%, MTNL 13%, NagarConst 10%, Naukri 15%, Nucleus 46%, Peninsula 12%, RajeshExpo 20%, RelCap 11%, Tata Motors 12%

· OI Shed:- BEL 7%, HindZinc 6%, IndianBank 7%, Parsvnath 6%, REL 4%, Rolta 5%, Tata Power 8%, WWIL 6%

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

Outlook for Wednesday:-

· Sideways movement has happened for last 3-4 sessions and new positions are getting created with every passing day. Break of 6070 may give some more intraday fall towards 6020.

· Stock-specific movement will continue as long as we are in the range of 6070 to 6200.

· Stock of ONGC is showing good formation on charts and that stock should be watched for knowing Nifty Movement. It can surprise on the upside and then Nifty will go up with it.

· Tata Tea (927):- It should target 1050-1060 in days to come. Buy SL 885.

· MTNL (208):- Buy at 200-204 for target 227-232 in next 3-4 days. Keep SL of 195

· Tata Motors, Mphasis BFL, Bharat Forge, Biocon are other stocks that are looking good on graph and can be bought for quick gains.

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 JANUARY, 2008

NIFTY: - Open 6095 High 6167 Low 6095 Close 6138 (+59 points)

P/E 27.62 P/B 6.39 Adv 34 Dec 16

Supp 6100/6075/6020 Res 6160/6200/6265

SENSEX: - Open 20323 High 20484 Low 20239 Close 20286 (+80 pts)

Supp 20200/20000/19800 Res 20350/20500/20900

Good gains:-

· Markets opened strong and remained that way the whole day. Stock-specific movement was seen as breadth was very positive. Oil stocks contributed on hopes of fuel price hike from the government.

· Cash Volumes were higher - Rs 19135 Cr in spot market and F&O Vol at Rs 46186 Cr.

· Breadth:- Gainers outstripped losers by quite a margin – BSE Adv 2684 Dec 393 Unch 27 NSE Adv 949 Dec 206 Unch 8

· Top Gainers: - BPCL, Bharti Airtel, Tata Power, Idea, Zee Enter

Top Losers: - Nalco, HDFC, Sterlite Ind, Infosys, Ambuja Cem

· FIIs bought Rs 516 Cr and DIIs bought Rs 442 Cr in Cash Market. FIIs sold total Rs 1208 Cr in stock and index futures.

· Total OI 106030 Cr (+5757 Cr) PCR at 1.31

· Nifty added 3% OI. Premium 24.35 pts

· OI Added:- WWIL 30%, KPIT 29%, GBN 20%, Ambuja Cem 18%, NagarConst 17%, Network18 16%, IVR Prime 14%, Edelweiss 13%, HOEC 13%, BongRef 12%, Colgate 11%, Indusind 11%, Patel 11%, ACC 10%, Maruti 10%

· OI Shed:- Balrampur 9%, Parsvnath 8%, MahSeamless 8%, Matrix 6%, Titan 5%

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

Global Markets:-

DJIA was down more than 100 pts overnight as slow economic growth weighed down on the sentiment. MTNL ADR was the top gainer with 3% gain. Patni Comp lost 2%.

Outlook for Tuesday:-

· 20500 is possible resistance for the Sensex and crossing that we can see 20900.

· Nifty can come towards 6075 before next rally happens. Range-bound movement is likely to happen between 6200 and 6075 for today.

· Though breadth is not expected to be as strong as yesterday, stock-specific movement will continue. ACC and GAIL saw some buying yesterday. They can give 3-4% more in a day or two.

· Stocks for 2008:- 3i Infotech, Bombay Dyeing, Dr Reddy, GDL, HT Media, Tata Motors, Tech Mahindra (All stocks are for around 20% appreciation. They look good at current prices and should be accumulated in corrective times also.)

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.