Report ---- for Monday 5th

05- 11 - 2007 (Serial No. W – 546)

1) INDICES MODE & RELATIVE STRENGTH

INTERMEDIATE BUY MODE :

- BUY FULL

- BUY HALF – INDICES ARE AT THIS STAGE

- CLOSE POSITION

- Minor sell – sell one eighth

(for moderate risk traders)


- Minor sell – sell one eighth


INTERMEDIATE SELL MODE :

- SELL HALF

- SELL ONE FOURTH

- CLOSE POSITION

- Minor buy – buy one fourth

(for moderate risk traders)

- Minor buy – buy one fourth

2) ANTICIPATED HIGHS – LOWS FOR THE WEEK:

	NIFTY	SENSEX
HIGHS	6,011.95 – 6,055.82	20,238.16 – 20,385.86
LOWS	5,823.55 – 5,830.00 (Pessimistic 5,724.25 – 5,730.00)	19,609.69 – 19,616.00 (Pessimistic 19,275.34 – 19,280.00)

3) PRESENT STATUS OF THE MARKET AND FUTURE ANTICIPATION: Last week indices behaved almost as per our weekly anticipation achieving these anticipated up targets and exceeding those by approx 0.96% and correcting sharply downwards on Friday to reach very near to anticipated weekly lows as lows were only approx 0.69% higher than our anticipated levels – now this week conservative bulls should look for profit booking in ranges 6,011.95 – 6,055.82 & 20,238.16 – 20,385.86 and anticipate at least lower ranges of 5,823.55 – 5,830.00 & 19,609.69 – 19,616.00 and pessimistic 5,724.25 – 5,730.00 & 19,275.34 – 19,280.00 ; going further there are lots of ifs and buts – only if Sensex closes any day above 20,291.87 with white candle then one can anticipate higher ranges of 6,119.03 -6,164.50 & 20,560.09 – 20,604.68 and if indices close any day below 5,708.35 & 19,174.45 then bulls should become quite lighter and anticipate much further down levels.

Going further to medium term – bulls should be extremely careful at present juncture as many weekly, daily and monthly charts have severe negative divergences having sure first down targets of 5,070.90 – 5,261.35 & 17,171.45 – 17,953.07 (which should be achieved by 31st December 2007 OR in optimistic scenario by coming budget) – further lower levels will be reconfirmed after analyzing monthly closing of the present month – it may be mentioned here that we are anticipating a sharp intermediate down move to start anytime after 3rd week of the present month & it should wipe off 25% to 30% from the highs.

Coming to N.A.V. of our hypothetical online portfolio – KALPA SUPREME (which was started on 26th Oct 1998 with a nominal value of 100 units) – it has increased from 29997 .61 units as on 28th September 2007 to 31299 .57 units as on 2nd November 2007, a monthly increase of 4 .34%.

Friday’s Closing Level Of Indices: 5932 .40 & 19976 .23.

4) TODAY'S TREND:RESISTENCE IN THE SECOND HALF

5) SHORT SELLING GUIDELINES *

*Please note that this column has guidelines for HIGH RISK TAKERS and these have been given after careful analysis but we will not take credit / debit of profit / loss which accrues (as a result of short selling recommended here) in our weekly/ monthly accounts of our online portfolio.

Please note that short sell deals given here are to be closed today itself.

ii) Medium Term Trend (Intermediate): It continues up. Last week 127 scrips have closed lower as compared to only 30 scrips in the preceding week (av. fall per scrip at 5 .15% is also higher than the av. fall per scrip of 3.11% in the preceding week) & only 99 scrips have closed higher as compared to 201 scrips in the preceding week (av. rise per scrip at 9.22 % is almost same as the av. rise per scrip of 9.51% in the preceding week) out of 250 scrips we follow regularly; last week’s A-D data is indicating that distribution has started.

iii) Long Term Trend (Major): It continues up.

6) REVIEW OF RECOMMENDATIONS OF THE LAST WEEK: Last week on the buy side 11 trades were recommended involving positions equivalent to 26 .25 % of the capital (16.25 % on delivery basis) and profit booking was recommended in 15 trades (which included 7 trades of earlier weeks) involving positions equivalent to 77 .43 % of the capital (20 .80 % on delivery basis).


AVE POSITION PER BOOKED DEAL WORKS OUT TO BE = 2 .14% of the capital (our target is 5.00%).

AVE PROFIT PER BOOKED DEAL WORKS OUT TO BE = 4 .21 % (our target is only 3. 00 %).

BOOKED PROFIT ON THE CAPITAL = 1.35 % (our target is 2. 50%).

Present N.A.V. of our hypothetical online portfolio KALPA SUPREME (started on 26th Oct 1998 with a nominal value of 100 units) is 31299 .57 units as on 2nd November 2007.

7) GUIDANCE FOR INTRA-DAY TRADERS : Intraday trading is not the preferred kind of trading . We are giving below anticipated resistence and support levels of 68 active scrips for guidance purposes only – please note that anticipated success rate of Resistence 1 (R1) & Support 1 (S1) is only 60 to 75 % & that conservative players should trade only between range of R1 & S1 ; only those who trade on delivery basis could wait for R2 & S2 which anticipated success rate should be 50 % .

For 5th Nov 2007 :

S.NO	Share	R2	R1	Trend Lev.	S1	S2
1	ACC	1070.92	1051.83	1030.92	1011.83	990.92
2	APOLLO HOS	492.52	479.33	469.82	456.63	447.12
3	APOLLO TYRE	39.42	38.68	37.77	37.03	36.12
4	ARVIND MILLS	75.27	72.03	66.07	62.83	56.87
5	BAJAJ AUTO	2487.47	2456.93	2418.47	2387.93	2349.47
6	BALAJI TELE	294.47	288.03	281.52	275.08	268.57
7	BOB	406.53	389.37	359.73	342.57	312.93
8	BEML	1617.43	1576.87	1518.43	1477.87	1419.43
9	BEL	1903.17	1879.53	1839.77	1816.13	1776.37
10	BPCL	354.1	348.6	340.95	335.45	327.8
11	BHARATI AIRTEL	964.82	929.88	890.07	855.13	815.32
12	BHEL	2858.67	2788.33	2669.67	2599.33	2480.67
13	BSE SENSEX	20522.4	20249.32	19752.54	19479.46	18982.68
14	CANARA BANK	315.55	307.1	298.55	290.1	281.55
15	CIPLA	177.32	175.53	174.22	172.43	171.12
16	DR REDDY	629.62	621.83	613.92	606.13	598.22
17	FEDERAL BANK	405.15	400.3	395.15	390.3	385.15
18	GAIL	418.1	405.7	394.6	382.2	371.1
19	GEOMETRIC SOFT	82.43	80.87	78.43	76.87	74.43
20	GRASIM	3876.13	3803.27	3689.13	3616.27	3502.13
21	GACL	139.45	137.4	135.45	133.4	131.45
22	HCL TECH	311.7	306	302.3	296.6	292.9
23	HDFC BANK	1896.2	1833.35	1736.95	1674.1	1577.7
24	HERO HONDA	787.23	730.47	695.23	638.47	603.23
25	HLL	202.37	200.58	197.97	196.18	193.57
26	HPCL	252.97	246.13	234.17	227.33	215.37
27	HINDALCO	144.33	143.17	141.68	140.52	139.03
28	HINDUJA TMT	621.93	601.97	589.03	569.07	556.13
29	HDFC	2723.5	2687	2638.5	2602	2553.5
30	I FLEX	1559.15	1543.2	1529.1	1513.15	1499.05
31	ICICI BANK	1419.13	1376.27	1306.13	1263.27	1193.13
32	IOC	524.68	509.87	482.68	467.87	440.68
33	INFOSYS	1998.38	1957.77	1889.38	1848.77	1780.38
34	IPCL	501.3	492.9	480.45	472.05	459.6

S.No.	Share	R2	R1	Trend Lev.	S1	S2
35	ITC	182.7	178.9	173.45	169.65	164.2
36	JINDAL SAW	852.78	835.67	812.88	795.77	772.98
37	L & T	4740.13	4600.27	4450.13	4310.27	4160.13
38	M & M	846.47	800.53	773.27	727.33	700.07
39	MTNL	177.37	172.33	166.67	161.63	155.97
40	MARUTI UDYOG	1071.73	1046.47	1007.73	982.47	943.73
41	MASTEK	328.4	326.8	325.4	323.8	322.4
42	NALCO	315.78	309.67	303.83	297.72	291.88
43	NEYVELI	151.03	146.12	139.68	134.77	128.33
44	NSE NIFTY	6094.3	6013.35	5863.8	5782.85	5633.3
45	ONGC	1460.62	1413.43	1337.87	1290.68	1215.12
46	OBC	250.62	245.23	236.62	231.23	222.62
47	PNB	572.57	557.13	538.57	523.13	504.57
48	POLARIS SOFT	112.85	110.9	108.95	107	105.05
49	RANBAXY	452.18	445.62	434.43	427.87	416.68
50	RELIANCE ENERGY	1997.5	1925	1800	1727.5	1602.5
51	RELIANCE	2819.77	2766.53	2671.77	2618.53	2523.77
52	SATYAM	483.72	472.43	465.72	454.43	447.72
53	SESA GOA	3876.03	3756.07	3598.03	3478.07	3320.03
54	SHIPPING CORP	245.07	237.43	229.27	221.63	213.47
55	SSI	156.95	153.9	150.95	147.9	144.95
53	SBI	2448.33	2348.67	2174.33	2074.67	1900.33
57	SAIL	277.22	268.63	254.32	245.73	231.42
58	SYNDICATE BANK	94.85	92.8	89.15	87.1	83.45
59	TATA ELEXSI	256.48	254.07	251.58	249.17	246.68
60	TATA POWER	1427.45	1365.9	1258.45	1196.9	1089.45
61	TATA TEA	813.95	805.9	800.95	792.9	787.95
62	TELCO	780.27	767.53	746.27	733.53	712.27
63	TISCO	983.62	940.53	857.72	814.63	731.82
64	TITAN	1711.52	1689.03	1654.52	1632.03	1597.52
65	VIJAYA BANK	66.18	64.32	61.18	59.32	56.18
66	VISUAL SOF	85.18	82.57	80.83	78.22	76.48
67	WIPRO	506.6	499.2	490.6	483.2	474.6
68	ZEE TELE	256.32	247.33	239.17	230.18	222.02

8) DELIVERIES /POSITIONS IN HAND: In 2264 trading days (from 26th Oct 1998 to 2nd Nov 2007) we have recommended a total of 11459 deals (10060 on the buy side & 1399 on the sell side) out of which as on date 14 buy deal (which is only 0 .12% of total deals) are in hand, on the average 3 .00 to 4 .00 % profit have been booked in each of 99. 88 booked deals; out of 11445 total booked deals 10560 deals (92. 27%) have been booked at profit and only 885 deals (7 .73%) have been booked at loss; average holding period per booked deal is approximately 3 working days. Latest holding of 14 deals is as follows: (please note that when more than 50% profit is booked in any deal then just for counting purpose that deal is taken as “not in hand”).

a) FUTURES & OPTIONS SCRIPS – (42/5 %)

(Investment limit 80 % of the capital)

GMR Infra (113/20 %), I Flex (11/20 %), Escorts (9/10 %), Ansal Properties (1/2 %) & India Infoline (3/10 %).

OTHER HIGH VOLUME SCRIPS –(15 %) :

(PURELY DELIVERY BASED DEALS)

(Investment limit 20 % of the capital)

Dhampur Sugar (23/20%), ITI (13/10 %), India Bulls (11/4 %), Prithvi Info (11/4 %), City Union Bank (11/5 %), Today’s Writing (11/5 %), Mcloed Russel (13/20 %), Mahindra Gesco (11/20 %), Hexaware (1 %), Kale Consultants (19/20 %), Finolex Cables (7/10 %), Central Bank of India (3/5 %), Kakatiya Cement (3/5 %), Aztek software (3/10 %) & MBCEL (3/10 %).


----- With due apologies and full credits to Kalpataru