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