DAILY REPORT FOR 7 DECEMBER, 2007

NIFTY: - Open 5941 High 6027 Low 5919 Close 5954 (+14 points)

P/E 26.05 P/B 6.25 Adv 23 Dec 27

Supp 5910/5860/5800 Res 5980/6030/6125

SENSEX: - Open 20018 High 20064 Low 19716 Close 19795 (+57 pts)

Supp 19700/19600/19400 Res 19860/20070/20250

Strong global sentiment didn’t take us above 20000:-

· Indices opened very strong but rally petered out there itself as no new intraday top was registered after the early trade. Selling pressure accentuated in last half an hour and we could close up by just 57 points on the Sensex.

· Volumes were higher - Rs 21904 Cr in spot market and F&O Vol at Rs 66472 Cr.

· Breadth was on the positive side – BSE Adv 1912 Dec 1120 Unch 52 NSE Adv 632 Dec 496 Unch 15

· FIIs have been buying in recent past. Yesterday too they bought Rs 492 Cr in cash market and DIIs bought Rs 227 Cr. In Derivatives segment, FIIs bought Rs 613 Cr in Index Futures but sold Rs 929 Cr in Stock Futures.

· Total OI 98291 Cr (+1289 Cr) PCR at 1.25

· Nifty added smallish OI. Premium 15.15 pts

· OI Added:- Cipla 23%, Crompton Greaves 28%, HTMT Global 33%, Idea 15%, Jindal Saw 13%, KPIT 32%, Nucleus 55%, Omaxe 21%, Peninsula 21%, Rel Cap 12%, RPL 13%, Shree Cem 17%, Titan 17%, Wockpharma 20%, Nicolas Piramal 39%

· OI Shed:- APIL 9%, Bhusanstl 15%, Cummins 10%, Havells 6%, Indiainfo 13%, Ispat 11%, Nagarfert 10%, LITL 9%, PFC 16%, Renuka 11%, SRF 13%, Syndibank 12%, Tata Tea 11%, TTML 15%

Top Gainers: - Unitech, Cipla, Ster Ind, ICICI Bank, REL

Top Losers: - Hindalco, Grasim, Sun Pharma, SAIL, Zee Enter

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

Global Markets:-

DJIA closed up 174 points as financial companies and builders led the gains. MTNL and ICICI Bank were top gainers from among Indian ADRs. Asian markets too have opened positively.

Outlook for Friday:-

· Market has a habit of fooling everybody and yesterday was a classic example. That is why short-term traders need to keep their Stop losses intact in such a market. Money is not made by timing the stock market but by the time spent in the stock market.

· We had a nice breakout above 20k on the Sensex and 6k for the Nifty yesterday but Reliance Industries weighed down the bulls and they had to unwind their positions as the day was about to end.

· Now next 2-3 trading sessions look pretty important as a breakout into new highs has to be achieved in that timeframe. We may correct around 19600 but we should not break 19300-19400 level as that will prove the breakout to be false. The corresponding level is 5760 for the Nifty. Crossing 20070 today will confirm the breakout and we can see new highs on the Sensex.

· Alembic buy at 90-91 SL 85 Tgt 103-105

· TCS (1035):- The stock can target 1150-1160. Buy with SL 1010

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 6 DECEMBER, 2007

NIFTY: - Open 5861 High 5949 Low 5859 Close 5940 (+82 points)

P/E 25.98 P/B 6.23 Adv 41 Dec 9

Supp 5915/5880/5820 Res 5980/6020/6065

SENSEX: - Open 19628 High 19790 Low 19560 Close 19738 (+208 pts)

Supp 19690/19600/19430 Res 19970/20200/20500

PSU Refineries help the indices:-

· Markets rallied as PSU refineries saw buying. Stock-specific action continued.

· Volumes were good - Rs 21280 Cr in spot market and F&O Vol at Rs 57522 Cr.

· Breadth was positive – BSE Adv 2277 Dec 753 Unch 54 NSE Adv 885 Dec 246 Unch 12

· FIIs bought Rs 480 Cr in cash market and DIIs sold Rs 159 Cr. But foreign investors were cautious as they looked to have hedged through F&O. They sold Rs 203 Cr in Index futures and Rs 1052 Cr in Stock Futures.

· Total OI 97002Cr (+4314 Cr) PCR at 1.32

· Nifty added 2% OI Premium 37.15 pts

· OI Added:- BankNifty 11%, Denabank 12%, TTML 13%, SRF 18%, APIL 20%, Canara bank 21%, NIIT Ltd 23%, IOB 26%, WWIL 38%, Naukri 38%, Ispat 38%, HOEC 39%, Gitanjali 42%, Rolta 44%, Hind Zinc 45%, Redington 52%, DCB 54%, KPIT 92%, GTOffshore 106%, Nicolas Piramal 188%, Network18 155%, GBN 134%

· OI Shed:- BongaiRef 17%, Uniphos 9%, NagarFert 9%, GAIL 9%, Wipro 7%, SAIL 7%, Hind Petro 7%, EKC 7%

Top Gainers: - GAIL, Hind Petro, ONGC, Tata Motors, SBI

Top Losers: - VSNL, Tata Steel, Infosys, REL, Grasim

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

Global Markets:-

American markets saw a good rally overnight as the Dow Jones closed up by 196 points. Stocks rose after signs of increased productivity. Technology shares saw buying on reports saying demand for computers and software will increase. MTNL, VSNL, Tata Motors and HDFC Bank were biggest gainers from Indian ADRs. Asian markets too have opened strong.

Outlook for Thursday:-

· Our markets to open strong and 20000 on the Sensex may be seen again. The same psychological barrier for the Nifty has been 6000. A closing past both these levels may give more strength to the bulls.

· Mid-cap party will continue but as index goes to make new highs, some action may again shift towards large-caps.

· Oriental Bank of Commerce (268):- The stock can target 300 levels. Buy with SL 258.

· DCM Shriram Consolidated (78):- It is a breakout and can target 90-92 levels. Buy with SL 73.

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 DECEMBER, 2007

NIFTY: - Open 5870 High 5897 Low 5840 Close 5858 (-7 points)

P/E 25.63 P/B 6.15 Adv 23 Dec 27

Supp 5825/5765/5710 Res 5900/5960/6000

SENSEX: - Open 19707 High 19707 Low 19482 Close 19529 (-74 pts)

Supp 19420/19300/19190 Res 19750/19970/20200

Metals shine:-

· Opening was strong but gains didn’t sustain as only mid and small cap stocks participated in the rally. Metal stocks stood out as SAIL, Tata Steel, Mah Seamless and Jindal Steel were major gainers. PSU Refinery stocks also went up.

· Volumes were average - Rs 19771 Cr in spot market and F&O Vol at Rs 56330 Cr.

· Breadth was very good – BSE Adv 2059 Dec 953 Unch 70 NSE Adv 729 Dec 395 Unch 19

· FIIs sold Rs 332 Cr in cash market and DIIs bought Rs 116 Cr. FIIs bought Rs 280 Cr in Index Futures and sold Rs 215 Cr in Stock Futures.

· Total OI 92687 Cr (+2732 Cr) PCR at 1.27

· Nifty shed 1% OI Premium 19 pts

· OI Added:- Mico 707%, NIIT Ltd 335%, J&K Bank 147%, Network18 115%, GBN 104%, Naukri 80%, WWIL 74%, IVR Prime 50%, Bata India 49%, Ispat 45%, KPIT 32%, Jindal Saw 31%

· OI Shed:- Essar Oil 15%, Nicolas Piramal 14%, Chambal Fert 12%, Syndicate Bank 10%

Top Gainers: - SAIL, Hind Petro, BPCL, Tata Steel, Tata Power

Top Losers: - Reliance, VSNL, Unitech, RPL, TCS

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

Outlook for Wednesday:-

· Indian markets to open flattish on mixed global cues and stock-specific action will continue as heavyweights are going into consolidation phase.

· Mid and small-cap universe is quite big and for now the money is flowing into that world. But the strength of the market depends on large caps as they signify bigger portion of investor wealth. Its happening like troops are going ahead fighting but the kings are taking rest.

· Godrej Consumer (150):- The stock has given a solid breakout and now it should target 185-190 levels. One may keep a SL of 135.

· Tea stocks are attracting buying interest especially Tata Tea is looking very good and can still go higher.

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 DECEMBER, 2007

NIFTY: - Open 5633 High 5782 Low 5632 Close 5762 (+128 points)

P/E 25.21 P/B 6.05 Adv 43 Dec 7

Supp 5725/5665/5630 Res 5815/5890/5980

SENSEX: - Open 19136 High 19424 Low 19006 Close 19363 (+359 pts)

Supp 19250/19085/18880 Res 19450/19600/19830

Good last day for November month:-

· Markets opened strong and consistent buying was seen in almost all the sectors. Breadth was also very positive as market traded near breakout around 19360 for most of the time in the day. Finally we could close up by 359 pts on the Sensex.

· Volumes had to be big - Rs 21963 Cr in spot market and F&O Vol at Rs 60313 Cr.

· Breadth was very good – BSE Adv 1865 Dec 1133 Unch 82 NSE Adv 756 Dec 356 Unch 31

· FIIs got back onto the buying momentum once again as they bought Rs 1072 Cr in cash market. Domestic Institutions too didn’t lag behind as they bought Rs 688 Cr. FIIs bought Rs 311 Cr in Index Futures and sold Rs 1568 Cr in Stock Futures.

· Total OI 84567 Cr (+8176 Cr) PCR at 1.34

· Nifty added 1% OI. Prem 40.75 pts

· OI added:- VSNL 37%, Essar Oil 31%, JP Hydro 31%, Tata Tea 31%, J&K Bank 30%, BongaiRef 25%, Neyveli 24%, CorpBank 23%, Glaxo 21%, SCI 21%, Kotak Bank 20%, Siemens 19%

· OI shed:- McDowell 19%, HTMT Global 15%, Amtek Auto 14%, Ster Ind 12%, IOB 10%, DLF 10%

Top Gainers: - VSNL, Ster Ind, MTNL, TCS, Tata Power

Top Losers: - Glaxo, Hind Petro, Hero Honda, Hind Unilever, Bajaj Auto

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

Outlook for Monday:-

· Good buying was seen on Friday and that means liquidity is coming back into the market. Nifty closing above 5760 should be considered bullish.

· Sensex has also closed above 19360 and one more closing above this level will confirm the breakout.

· We should look forward to 20500 as next target. 19830 and 20000 will be the resistance going towards that target. 18800 can be SL for short-term traders now.

· Markets should open strong today but wider participation is needed to continue the rally. 5725 on the Nifty is a very good support for the day and below that correction is due to happen. Reliance Ind looks positive and it can move the markets up very easily.

· Stock-specific action will continue despite overall market sentiment. Break of 5665 will advise some caution for longs.

· AIA Engineering (1546) looks positive and can target 1700 levels in days to come.

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 NOVEMBER, 2007

NIFTY: - Open 5617 High 5725 Low 5612 Close 5634 (+17 points)

P/E 24.65 P/B 5.91 Adv 22 Dec 28

Supp 5590/5535/5510 Res 5695/5770/5910

SENSEX: - Open 19290 High 19297 Low 18930 Close 19003 (+64 pts)

Supp 18770/18630/18300 Res 19100/19370/19840

F&O Roller coaster:-

· Opening was strong on firm global markets but derivative expiry weighed down on the indices and Sensex closed up by 64 points. RPL was a solid gainer.

· Volumes had to be big - Rs 23732 Cr in spot market and F&O Vol at Rs 98225 Cr.

· Breadth was negative – BSE Adv 1317 Dec 1468 Unch 72 NSE Adv 481 Dec 674 Unch 23

· FIIs sold Rs 1112 Cr in cash market and DIIs bought Rs 606 Cr. FIIs bought total Rs 1977 Cr in stock and index futures.

· Total OI 76357 Cr PCR at 1.44

Top Gainers: - RPL, Hero Honda, VSNL, HDFC Bank, ICICI Bank

Top Losers: - Glaxo, Zee Enter, MTNL, Ranbaxy, RCom

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

Outlook for Friday:-

· Today can be an important day for the markets as F&O pressure will not be present and market-players can look at the positions afresh.

· Markets to open firm on good Asian markets. Yesterday was just a consolidation even though we got sold off in late trade. Stock-centered action will be seen as NAV-propping is possible because of month-end.

· We are in a range on the Sensex i.e. between 18800 and 19370. Breakout in any direction will give strong move and decide the trend.

· On the Nifty, break of 5590 support can create room for further selling and we may again test lows below 5400. As long as 5590 is not broken, we should be bullish.

· GDP figures are expected to come out today and reports say that they are going to be somewhat negative. This rally is fully based on liquidity which can dry out when economy numbers are not encouraging.

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.