Report - for Wednesday 27th

* Nifty 50 Index (20 Minute Chart) !
On Verge of Bullish Breakout - Caution advised untill crosses the Resistance

Bar Reversal Up/ Down, Engulfing in Daily Chats (Min Avg Volume >100000/Day)

Scrip	Scrip	Scrip	Scrip
Bar-Up	Bar-Dn	Eng-Bull	Eng-Bear
CENTURION BANK	ZEE TELEFILMS	ANDHRA SUGARS	ZEE TELEFILMS
MAHINDRA & MAHIN	DENA BANK	BHARAT FORGE	INDIAN BANK
SREI INFRA	MPHASIS	TATA CHEM	ORCHID CHEM
NDTV LTD	INDIAN BANK	PUNJAB NATIONAL BANK	TV 18
GVK POWER & INFRA	HDFC LTD	NDTV LTD
MATRIX LABS	VIJAYA BANK
TATA METALIK	HERO HONDA
ANDHRA SUGARS	CIPLA LTD
	FEDERAL BANK
	LIC HOUSING FIN
	SUN TV

What the Charts Foretell
(FOR Short Term Investors)

* NIFTY/ SENSEX !
Close to another Short Term resistance of 5280-5290 / Bullish Breakout to set Direction for Short Term Trend
Cement / Infra/ Metal / Select IT stocks mildly Bullish in Extreme Short Term

* DCB !
All indicators favor rise to 130-Use decline towards 112 for fresh buying with SL

* JINDAL STAINLESS !
Strong resistance at 161-162/Bullish breakout will target 185+ in near future

* HCL TECH. !
Target of 325 maintained-Use pullback towards 285-287 for fresh buying with SL

* ADLABS !
Short term ressistance at 915-Bullish breakout will target 1000+ in near term

* RENUKA SUGAR !
Target of 1165-1175 maintained-Use corrective declines for fresh buying with SL

* SBI !
Minor support at 2100-Bearish breakout to target 2060 in near future

* BPCL !
Overbought in hourly charts-Further decline to 440 likely

* KARNATAKA BANK !
EST charts favor decline to 261 in near future-Book profit on every rise to re-enter

* JP ASSOCIATES !
Bullish breakout in EST charts-Likely to cross 287-290 in near future

* RPL !
Close to short term resistance of 165-166/Bullish crossover will target 175+ in near future

* CAIRN INDIA !
On verge of bullish breakout-Close above 225 will target 245-246 in near future

* SUZLON ENERGY !
Bullish but overbought-Corrective decline to 309 & 302 likely

* IND. CEMENTS !
Short term charts in favor of rise to 235-240-Use decline towards 215 for fresh buying with SL

* TVS MOTORS !
Mildly bullish in daily charts-Likely to cross 46-47 in near future

* ONGC !
Bullish pattern in making-Close above 1045 will target 1100 in near future


* HPCL !
Heading for 325 in near future-Use decline towards 300 for fresh buying with SL

* LITL !
Overbought in hourly charts-Corrective decline to 444 likely

* PUNJ LLOYD !
On verge of bullish breakout-Close above 388 will target 410-412 in near future


* INFOSYS !
Short term bullish target of 1675 achieved-Close above 1675 will target 1900 in near future

* HIND. OIL !
Target of 120+ maintained-Use pullback towards 110 for fresh buying with SL

* S KUMAR'S !
Short term resistance at 155-Bullish breakout may target 165 in coming days

* FORTIS !
Short term indicators favor rise to 80-81/Buy on minor decline with SL

* BAJAJ AUTO !
Another round of selling likely-Close below 2175 may wipe off Rs.100/- in short term

Recommendations for 27.02.2008

Opening Price is considered around close of previous day. Avoid BUYING if Prices open abnormally High and Avoid SELLING if prices open too low.

1). J P Associates (Or Fut) : Buy 2000 Shares (1000 at opening + 5x200 at Fall of every Rs2/- ) in ' Investment A/C' . Target 288. Avg SL Rs8/-.
2). HCL Tech(Or Fut): Buy 1000 Shares (500 at opening + 5x100 at Fall of every Rs5/- ) in ' Investment A/C' . Target 325. Avg SL Rs8-.
3). Bajaj Auto (Or Fut) : Sell 500 Shares (250 at opening if moves<2175>+ 5x50 at Rise of every Rs10/- ) in' Trading A/C' . . Target2075 Avg SL Rs20/-.
4). Bajaj Hind (Or Fut) : Sell 1000 Shares (500 at opening + 5x100 at Rise of every Rs2/- ) in' Trading A/C' . . Target 235. Avg SL Rs8/-.

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

........................... Click here to read more!

Trade for Trade - Stocks - changes

CAPITAL MARKET OPERATIONS

CIRCULAR

Circular No.: NSE/SURV/29/2008

Download No.: NSE/SURV/10343

February 25, 2008

Dear Members,

In continuance of surveillance review and pursuant to the meeting at SEBI, with a view to ensure market safety and safeguard the interest of investors, the Exchange has decided to take the following actions:

1. In pursuance of Capital Market Segment Trading Regulations Part - A, 2.6, the security as give at Annexure -1 will be shifted from rolling segment (series: EQ) to trade for trade segment (series: BE) with a price band of 5% with effect from February 29, 2008 (Friday). However, if the said security is in No-Delivery period, then such security will be transferred to trade for trade segment on the day after the security is available In-Delivery.
2. Members may note that the securities as given at Annexure -2 shall continue to be available for trading in Trade for Trade segment with a price band of 5% or lower as applicable (series: BE).
3. Members may note that the securities as given at Annexure -3 shall be shifted back from Trade for Trade segment (series: BE) to rolling segment (series: EQ) with effect from February 29, 2008 (Friday) at the existing price bands. However, if the securities are in No-Delivery period, then such securities will be transferred to trade for trade segment on the day after the security is available In-Delivery.

Members are requested to take adequate precaution while trading in the above securities, as the settlement will be done on trade-to-trade basis and no netting off will be allowed.

Members should note that the transfer of securities for trading and settlement on a trade-to-trade basis is purely a market surveillance measure and it should not be construed as an adverse action against the concerned companies. Further, this measure will be periodically reviewed depending on the market conditions.

For any clarifications, members are advised to contact Ms. Anita Fernandes or Ms. Seema Nayak on 26598129 or 26598166.

For National Stock Exchange of India Ltd.

Sonali Karnik
Manager

Annexure – 1

Sr. No.	Symbol	Security Name
1	REIAGRO	Rei Agro Limited

Annexure – 2

Sr. No.	Symbol	Security Name
1	HORIZONINF	Horizon Infrastructure Limited
2	NISSAN	Nissan Copper Limited
3	RKFORGE	Ramkrishna Forgings Limited

Annexure – 3

Sr. No.	Symbol	Security Name
1	AGRODUTCH	Agro Dutch Industries Limited
2	AICHAMP	AI Champdany Industries Limited
3	ANTGRAPHIC	Antarctica Ltd
4	ARL	Arvind Remedies Limited
5	ASHIMASYN	Ashima Limited
6	ASIL	Amit Spinning Industries Limited
7	ATNINTER	ATN International Limited
8	AXIS-IT&T	Axis-IT&T Limited
9	BCCL	Bihar Caustics and Chemicals Ltd
10	BELCERAMIC	Bell Ceramics Ltd
11	BHAGWATIHO	Bhagwati Banquets and Hotels Limited
12	BHARATRAS	Bharat Rasayan Ltd
13	BIRLAERIC	Birla Ericsson Optical Ltd
14	BIRLAPOWER	Birla Power Solutions Limited
15	BPL	BPL Limited
16	BROADCAST	Broadcast Initiatives Limited
17	BSL	BSL Ltd
18	CANFINHOME	Can Fin Homes Ltd
19	CELEBRITY	Celebrity Fashions Limited
20	CELESTIAL	Celestial Labs Limited
21	CENTEXT	Century Extrusions Limited
22	CHESLINTEX	Cheslind Textiles Ltd
23	CIMCOBIRLA	Cimmco Birla Ltd
24	COMPUTECH	Computech International Ltd.
25	CONSOFINVT	Consolidated Finvest & Holdings Limited
26	COREEMBLG	Core Emballage Ltd.
27	CREATIVEYE	Creative Eye Ltd.
28	CRESTANI	Crest Animation Studios Limited
29	DHAMPURSUG	The Dhampur Sugar Mills Ltd
30	DHARSUGAR	Dharani Sugars & Chemicals Ltd
31	DUNCANSIND	Duncans Industries Ltd
32	DWARKESH	Dwarikesh Sugar Industries Limited
33	DYNACONS	Dynacons Systems & Solutions Ltd.
34	EUROTEXIND	Eurotex Industries and Exports Ltd
35	EVEREADY	Eveready Industries India Limited
36	FACT	Fertilizers and Chemicals Travancore Ltd.
37	FOURSOFT	Four Soft Limited
38	GALLANTT	Gallantt Metal Limited
39	GINNIFILA	Ginni Filaments Ltd
40	GLFL	Gujarat Lease Financing Ltd
41	GMRINDS	GMR Industries Limited
42	GOACARBON	Goa Carbon Ltd
43	GOLDIAM	Goldiam International Limited
44	GOLDTECH	Goldstone Technologies Ltd.
45	GPELECT	GP Electronics Ltd.
46	GTNIND	GTN Industries Limited
47	GTNTEX	GTN Textiles Limited
48	GUFICBIO	Gufic Biosciences Limited
49	HERITGFOOD	Heritage Foods (India) Ltd.
50	HINDCOMPOS	Hindustan Composites Ltd
51	HINDSYNTEX	Hind Syntex Ltd.
52	HOTELRUGBY	Hotel Rugby Ltd.
53	ICIL	Indo Count Industries Ltd
54	INDIAFOILS	India Foils Ltd
55	INDIANHUME	Indian Hume Pipe Co. Ltd
56	INDRAMEDCO	Indraprastha Medical Corporation Ltd.
57	IVP	IVP Ltd.
58	JCTEL	JCT Electronics Limited
59	JDORGO	JD Orgochem Limited
60	JENSONICOL	Jenson & Nicholson (India) Ltd
61	KAJARIACER	Kajaria Ceramics Ltd
62	KALINDEE	Kalindee Rail Nirman (Engineers) Limited
63	KANORICHEM	Kanoria Chemicals & Industries Ltd
64	KCPSUGIND	KCP Sugar and Industries Corporation Ltd.
65	KECINFRA	KEC Infrastructures Limited
66	KESARENT	Kesar Enterprises Ltd.
67	KHAITANLTD	Khaitan (India) Ltd.
68	KINETICMOT	Kinetic Motor Company Limited
69	KKCL	Kewal Kiran Clothing Limited
70	KMSUGAR	K.M.Sugar Mills Limited
71	KOPDRUGS	KDL Biotech Limited
72	KOPRAN	Kopran Ltd.
73	KOTARISUG	Kothari Sugars And Chemicals Limited
74	KOTHARIPET	Kothari Petrochemicals Ltd
75	KRISHNAENG	Krishna Engineering Works Ltd
76	KSCL	Kaveri Seed Company Limited
77	KSERAPRO	K Sera Sera Productions Limited
78	LCCINFOTEC	LCC Infotech Limited
79	LLOYDFIN	Lloyds Finance Ltd.
80	LLOYDSTEEL	Lloyds Steel Industries Ltd.
81	LML	LML Ltd.
82	LOTTEINDIA	Lotte India Corporation Limited
83	LYKALABS	Lyka Labs Ltd
84	MAARSOFTW	Maars Software International Ltd.
85	MADRASFERT	Madras Fertilizers Ltd
86	MALWACOTT	Malwa Cotton Spg. Mills Ltd
87	MANALIPETC	Manali Petrochemical Ltd
88	MANGALAM	Mangalam Drugs And Organics Limited
89	MANGCHEFER	Mangalore Chemicals & Fertilizers Limited
90	MARALOVER	Maral Overseas Ltd
91	MARKSANS	Marksans Pharma Limited
92	MCDHOLDING	McDowell Holdings Limited
93	MELSTAR	Melstar Information Technologies Ltd.
94	MID-DAY	Mid-Day Multimedia Limited
95	MINDAIND	Minda Industries Limited
96	MIRZAINT	Mirza International Limited
97	MORARJETEX	Morarjee Textiles Limited
98	MOREPENLAB	Morepen Laboratories Ltd
99	MSKPROJ	MSK Projects (India) Limited
100	MUKANDENGG	Mukand Engineers Limited
101	NAGREEKCAP	Nagreeka Capital & Infrastructure Limited
102	NANDAN	Nandan Exim Limited
103	NELCO	NELCO Limited
104	NEOCURTHER	Neocure Therapeutics Ltd
105	NEPCMICON	Nepc Micon Ltd
106	NETFINCO	Netflier Finco Limited
107	NOCIL	National Organic Chemical Industries Ltd.
108	NORBTEAEXP	Norben Tea & Exports Ltd.
109	NOVAPETRO	Nova Petrochemicals Limited
110	NRC	NRC Ltd.
111	NSIL	Nalwa Sons Investments Limited
112	NUCHEM	Nuchem Ltd
113	ONWARDTEC	Onward Technologies Ltd
114	ORIENTINFO	Orient Information Technology Limited
115	ORIENTPRES	Orient Press Ltd
116	OUDHSUG	Oudh Sugar Mills Ltd
117	PAREKHPLAT	Parekh Platinum Ltd
118	PATSPINLTD	Patspin India Ltd
119	PDUMJEAGRO	Pudumjee Agro Industries Ltd
120	PDUMJEPULP	Pudumjee Pulp & Paper Mills Ltd.
121	PEACOCKIND	Peacock Industries Ltd
122	PEARLGLOBL	Pearl Global Ltd
123	PEPL	Pearl Engineering Polymers Limited
124	PIRAMYDRET	Piramyd Retail Limited
125	POLARIND	Polar Industries Ltd
126	POLYPLEX	Polyplex Corporation Ltd.
127	PONNIERODE	Ponni Sugars (Erode) Limited
128	PTL	PTL Enterprises Limited
129	PVR	PVR Limited
130	QUINTEGRA	Quintegra Solutions Limited
131	RADAAN	Radaan Mediaworks India Limited
132	RAJSREESUG	Rajshree Sugars & Chemicals Ltd
133	RAMCOSYS	Ramco Systems Limited
134	RANASUG	Rana Sugars Ltd
135	REGENCERAM	Regency Ceramics Ltd.
136	REMSONSIND	Remsons Industries Ltd
137	ROMAN	Roman Tarmat Limited
138	RPGCABLES	RPG Cables Ltd
139	RUBYMILLS	The Ruby Mills Ltd
140	SABERORGAN	Sabero Organics Gujarat Ltd
141	SAMBHAAV	Sambhaav Media Limited
142	SAMTEL	Samtel Color Ltd.
143	SANGHIPOLY	Sanghi Polyesters Ltd.
144	SB&TINTL	SB&T International Ltd
145	SHAHALLOYS	Shah Alloys Limited
146	SHREERAMA	Shree Rama Multi-Tech Limited
147	SHYAMTEL	Shyam Telecom Limited
148	SIL	Standard Industries Limited
149	SIMBHSUGAR	Simbhaoli Sugars Limited
150	SMZSCHEM	SMZS Chemicals Ltd.
151	SOFTPRO	Softpro Systems Limited
152	SOFTTECHGR	Software Technology Group International Limited
153	SOMATEX	Soma Textiles & Industries Ltd.
154	SONASTEER	Sona Koyo Steering Systems Ltd.
155	SRGINFOTEC	SRG Infotec (India) Ltd.
156	SRHHLINDST	SRHHL Industries Limited
157	STEELTUBES	Steel Tubes of India Limited
158	SUDARSCHEM	Sudarshan Chemical Industries Ltd
159	SUVEN	Suven Life Sciences Limited
160	SWARAJENG	Swaraj Engines Ltd
161	TCIFINANCE	TCI Finance Limited
162	TFL	Transwarranty Finance Limited
163	THIRUSUGAR	Thiru Arooran Sugars Limited
164	TIL	TIL Ltd
165	TIMESGTY	Times Guaranty Limited
166	TNPETRO	Tamilnadu PetroProducts Ltd.
167	TNTELE	Tamilnadu Telecommunication Ltd
168	TOKYOPLAST	Tokyo Plast International Ltd
169	UMITL	Usha Martin Infotech Limited
170	UNIENTER	Uniphos Enterprises Limited
171	VIPIND	VIP Industries Ltd.
172	VISASTEEL	Visa Steel Limited
173	VISHALEXPO	Vishal Exports Overseas Limited
174	WEBELSOLAR	Webel-SL Energy Systems Limited
175	WILLAMAGOR	Williamson Magor & Co Ltd
176	WINDSOR	Windsor Machines Limited
177	XPROINDIA	Xpro India Limited
178	ZENITHBIR	Zenith Birla (India) Limited
179	ZENITHEXPO	Zenith Exports Ltd.
180	ZICOM	Zicom Electronic Security Systems Limited
181	ZODIACLOTH	Zodiac Clothing Company Ltd

........................... Click here to read more!

Report - for Monday 25th

* Nifty 50 Index (20 Minute Chart) !
Overbought in Hourly Charts - Ripe for Corrective Decline

Bar Reversal Up/ Down, Engulfing in Daily Chats (Min Avg Volume >100000/Day)

Scrip	Scrip	Scrip	Scrip
Bar-Up	Bar-Dn	Eng-Bull	Eng-Bear
SIEMENS LTD	CENTURION BANK	UNITED SPIRITS	BAJAJ AUTO
TATA POWER COMP	TATA STEEL	MATRIX LABS	ROLTA (I)
MARUTI UDYOG	BAJAJ AUTO	PARAMOUNT COMMUN	MAHINDRA & MAHIN
HEXAWARE TECHNOL	STERLITE INDS (I)		ADHUNIK METALIKS
CANARA BANK	ACC LTD		BALAJI TELEFILMS
BHARAT PETROLEUM	POLARIS SOFTWARE		MAH & MAH FINAL SERVICES
UNITED SPIRITS	WIPRO LTD
GITANJALI GEMS	VIJAYA BANK
TATA CHEM	DECCAN AVIATION
TITAN INDS	NIIT TECHNOLOGIES
UNION BANK	SAKTHI SUGARS

What the Charts Foretell
(FOR Short Term Investors)

* NIFTY/ SENSEX !
At Crucial Support of 5100-5110 once again - Bearish Breakout to wipe Off 125-200 Points in Few Days
Continue to be Scrip/Sector Specific - Both Bullish and Bearish opportunities Available

* NAGARJUNA FERTILIZERS !
Bearish indications in EST charts-Corrective decline to 47-48 likely

* SAIL !
Fails to cross the crucial resistance of 237-Another close below 236 may wipe off Rs.15/- in coming days

* ESSAR OILS !
Mildly bearish in EST charts-Corrective decline to 210 likely

* BALRAMPUR CHINI !
Short term support at 93.5-94/Bearish breakout can wipe off Rs.7-8/- in near future

* GMR INFRA !
EST charts favor decline to 170 in near future-Book part profit to re-enter at lower levels

* BAJAJ HIND !
Short term support at 255-256/Bearish breakout may wipe off Rs.20/- in near future

* UNITECH !
Short term support at 365-366/Bearish breakout may target 355 & 345 in near future


* REL. CAPITAL !
Short term charts in favor of decline to 1830-Book part profit to re-enter at lower levels

* SATYAM COMP. !
Enters oversold zones in EST charts-Technical recovery to 447-448 likely

* OSWAL CHEM. !
Short term indicators in favor of decline to 43-44/Book part profit to re-enter at lower levels


* ICICI BANK !
Highly oversold after non stop decline from 1245 to 1088-Ripe for technical recovery to 1172

* HPCL !
"Triple Bottom" pattern in hourly charts-Move above 297 may target 310 in near future

* IVRCL INFRA !
Overbought in EST charts after rising from 375 to 475-Corrective decline to 450 likely

* PENINLAND !
Bullish "Inverted Head & Shoulder" pattern in making-Another close above 97 may target 115 in near future

* HDFC LTD. !
Highly oversold in short term charts-Technical rally to 2760 likely

* RENUKA SUGAR !
Bullish breakout in hourly charts-Indicators favor rise to 1175 in coming sessions

* NIIT LTD. !
EST resistance at 120-Another close above 120 will target 135+ in near future

* BPCL !
Recovery from oversold zones-Likely to cross 440 in near future

* BHEL !
Oversold with positive divergence-Technical recovery to 2125 on charts

* INDIABULLS !
Enters oversold zones-Ripe for technical recovery to 640 in near future

* ADHUNIK METALS !
Overbought with negative divergence-Decline to 168-170 likely

* MC DOWELL !
Moves out of consolidation pattern-Likely to cross 1840 in near future

* BOMBAY DYEING !
Bearish breakout in hourly charts-Further decline to 660 in coming sessions likely

Present Status Of The Market And Future Anticipation

Nifty/ Sensex: Anticipated High-Lows for the Week

Nifty: High -5,137.70 – 5,182.10 (Optimistic 5,231.90): Low - 4,908.90 – 4,938.05 (Pessimistic 4,829.45)
Sensex: High -17,526.80 – 17,734.68 (Optimistic 17,891.38) :Low -16,949.14 – 16,966.72(Pessimistic 16,725.68)

PRESENT STATUS OF THE MARKET AND FUTURE ANTICIPATION: If we analyse indices behavior since 22nd Jan’08, when indices made this year’s lows of 4,420.00 & 15,332.42, then we find that these rose for 9-10 working days taking a good technical rally, correcting the preceding historic fall of 9-10 working days, after that rally in last 14 working days (from 04th Feb’08 till date) these are moving in triangle patterns marking time waiting for budget to decide which direction to breakout – we anticipate that while maintaining triangle patterns indices are likely to go down initially and take support by Tuesday – Wednesday in ranges 4,908.90 – 4,938.05 & 16,949.14 – 16,966.72 and then these are likely to take rally and cover upward gaps left in ranges 5,137.70 – 5,182.10 & 17,526.80 – 17,734.68 on 22nd Feb’08 and can even go upto 5,224.00 – 5,231.90 & 17,887.21 – 17,891.38 till pre-budget session after which these will take direction, depending on the budget, now post-budget if these close above 5,231.90 & 17,891.38 on 29th Feb’08 then up move will be strong for next couple of weeks and first up target would be 5,553.90 & 18,895.34; on the other hand if these close below lows of the week on 29th Feb’08 then down move will be very strong for next couple of weeks and first down target would be 4,420.00 & 15,332.42.

TODAY'S TREND: Support in the Second Half.

2) MEDIUM TERM TREND (INTERMEDIATE) :

It continues Down.

Last week 142 scrips have closed lower as compared to 136 scrips in the preceding week (but av. fall per scrip at 4 .00% is lower than the av. fall per scrip of 4.79% in the preceding week) & 87 scrips have closed higher as compared to 93 scrips in the preceding week (but av. rise per scrip at 4.97 % is higher than the av. rise per scrip of 4.49% in the preceding week) out of 250 scrips we follow regularly;

Last week’s A-D data is indicating that down move continues althougb the strength of the down move is reducing.


3) LONG TERM TREND (MAJOR) :

It continues up

Recommendations for 25.02.2008

Opening Price is considered around close of previous day. Avoid BUYING if Prices open abnormally High and Avoid SELLING if prices open too low.

1). BHEL (Or Fut) : Buy 500 Shares (250 at opening + 5x50 at Fall of every Rs10/- ) in ' Investment A/C' . Target 2125. Avg SL Rs25/-.
2). BPCL (Or Fut): Buy 1000 Shares (500 at opening + 5x100 at Fall of every Rs2/- ) in ' Investment A/C' . Target 440. Avg SL Rs8/-.
3). Essar Oil (Or Fut) : Sell 2000 Shares (1000 at opening + 5x200 at Rise of every Rs2/- ) in ' Trading A/C' . Target 210. Avg SL Rs6/-.
4). Bajaj Hind (Or Fut) : Sell 1000 Shares (500 at opening ifstays below 255+ 5x100 at Rise of every Rs2/- ) in' Trading A/C' . . Target 230. Avg SL Rs8/-.

----- With due apologies and full credits to Kalpataru
........................... Click here to read more!

Report - for Friday 22nd

* Nifty 50 Index (15 Minute Chart) !
4th Bottom @ 5100 in last 6 Trading Sessions - Likely to Cross 5365 if 5100 is held

Bar Reversal Up/ Down, Engulfing in Daily Chats (Min Avg Volume >100000/Day)

Scrip	Scrip	Scrip	Scrip
Bar-Up	Bar-Dn	Eng-Bull	Eng-Bear
* BSE - SENSEX	ESSAR OIL	TVS MOTOR	ESSAR OIL
RELIANCE NATURAL RESOURCES	LARSEN & TOUBRO	LUPIN LABS	YES BANK
RELIANCE INDS	ONGC CORPN	GEOMETRIC SOFTWA	UNITED SPIRITS
RELIANCE COMMUNICATIONS	PUNJAB NATIONAL BANK		PRISM CEMENT
BHARTI AIRTEL	SUZLON ENERGY
IFCI LTD	BANK OF BARODA
AD LABS FILMS	IDBI
HDFC BANK	GRASIM INDS
GITANJALI GEMS	ERA CONSTRUCTIONS (I)
MAHINDRA & MAHIN	YES BANK
VIJAYA BANK	POWER FINANCE CORP

What the Charts Foretell
(FOR Short Term Investors)

* NIFTY/ SENSEX !
4th Bottom @ 5100 in last 6 Trading Sessions - Likely to Cross 5365 if 5100 is held
Many IT Stocks Turning Bullish in Extreme Short Term - Use Declines to Buy with SL

* RNRL !
Mildly bullish in EST charts-Close above 137 may target 145-146 in near future

* INFOSYS !
Target of 1675 in sight-Close above 1675 may target 2000 in near future

* NIIT LTD. !
Heading for 135-Use declines towards 117 for fresh buying with SL

* NIIT TECH. !
Target of 147-148 maintained-Buy on declines till 130 with SL

* INDIAN BANK !
Enters oversold zones-Ripe for technical recovery to 218-220 in near future

* ISPAT INDS. !
Bullish pattern in making-Crossover above 45 with volumes to target 47-48 in near future

* JP ASSOCIATES !
Target of 268-271 maintained-Use pullback for short term buying with SL

* GUJ NRE COKE !
Bullish but overbought-Ripe for corrective decline to 158-159

* GMR INFRA !
Heading for 190-2 close above 190 may target 225 in near future

* SAIL !
Mildly bullish in EST charts-Likely to cross 250 in coming days

* HEXAWARE !
Bullish but overbought-Minor decline to 75-75.5 on charts


* SATYAM COMPUTER !
Highly bullish breakout in daily charts-All indicators favor rise to 480 & 540 in near future

* HOTEL LEELA !
Heading for 62-63 in near future-Use decline towards 52 for fresh buying with SL

* UNITECH !
Oversold in EST charts-Use recovery towards 378 for profit booking


* HINDALCO !
EST charts in favor of rise to 200-202/Buy on every decline with SL

* POLARIS !
Intra day bullish targets achieved-Heading for 108 & 114 in near future

* ROLTA !
Short term bullish target of 320 achieved-Now heading for 360 in near future

* CANARA BANK !
Highly oversold in EST charts-Likely to cross 300 in near future

* KS OILS !
Target of 100+ maintained-Use decline towards 84 for fresh buying with SL

* TATA STEEL !
Bullish breakout in hourly charts-Likely to cross 835-840 in near future

* BHARTI AIRTEL !
Short term resistance at 875-Bullish crossover will target 900+ in near future

* HCL TECH. !
Heading for 325 in near term-Buy on every decline with SL

* TCS !
Strong resistance at 930-Bullish crossover to target 1000+ in coming days

Recommendations for 22.02.2008

Opening Price is considered around close of previous day. Avoid BUYING if Prices open abnormally High and Avoid SELLING if prices open too low.

1). Polaris (Or Fut) : Buy 2000 Shares (1000 at opening+ 5x200 at Fall of every Rs1/- ) in ' Investment A/C' . Target 115. Avg SL Rs4/-.
2). Hotel Leela (Or Fut): Buy 2000 Shares (1000 at opening+ 5x200 at Fall of every Rs1/- ) in ' Investment A/C' . Target 63. Avg SL Rs4/-.

----- With due apologies and full credits to Kalpataru
........................... Click here to read more!