Report - for Wednesday 12th

* Light Crude Oil (Nymex) - (Daily Chart) !
All Indicators facvour further rise to 114-115 - But Overbought in EST

Gainers / Losers & Stocks with Spurt in Volume (Min Avg Volume >50000/Day)

Scrip	Close	L.Close	Change%	Scrip	Volume	3 Days Avg Volume	Vol Change (Times)
Gainers				Volume Toppers
SHR RENUKA SUGARS	1098.35	883.45	24.33	RELIANCE INFRAST	329274	113434	2.90
NOIDA TOLL BRIDG	43.05	36.30	18.60	GTC INDS	150784	52037	2.90
SAKTHI SUGARS	74.65	65.65	13.71	BHARAT ELEC	117943	55069	2.14
BAJAJ HINDUSTAN	236.90	208.45	13.65	BALLARPUR INDS	1611263	789109	2.04
MCLEOD RUSSEL	71.25	62.70	13.64	SHR RENUKA SUGARS	1614375	793361	2.03
INDIABULLS FIN SERVICES	536.50	475.00	12.95	SOBHA DEVELOPERS	93721	47369	1.98
CHAMBAL FERT	51.50	46.00	11.96	ORCHID CHEM	526933	278030	1.90
STRIDES ARCOLAB	150.75	135.55	11.21	GAMMON (I)	200981	106551	1.89
KOTAK MAHINDRA BANK	673.45	606.65	11.01	UNITED PHOSPHORU	432490	230253	1.88
DLF	750.00	678.70	10.51	TOURISM FINANCE	144370	83550	1.73
TRIVENI ENGG	126.90	115.15	10.20	SAKTHI SUGARS	819430	482828	1.70
Losers				HIND OIL EXPLORA	2189974	1293870	1.69
RAIN CALCING	67.15	69.80	-3.80	MCLEOD RUSSEL	422444	254381	1.66
SUN PHARMACEUTIC	1239.15	1284.40	-3.52	STRIDES ARCOLAB	54677	33575	1.63
SATYAM COMPUTER	396.15	409.60	-3.28	SYNDICATE BANK	1695942	1052615	1.61
TATA MOTORS	653.30	674.80	-3.19	GHCL	1270457	792872	1.60
MARUTI UDYOG	866.65	895.05	-3.17	NOIDA TOLL BRIDG	2553605	1597741	1.60
HERO HONDA	735.60	757.15	-2.85	IVRCL INFRA & PROJECTS	904289	565868	1.60
DR. REDDY'S LABS	560.05	575.90	-2.75	SATYAM COMPUTER	5970849	3740033	1.60
HCL TECHNOLOGIES	265.30	272.10	-2.50	GAS AUTHORTY (I)	2829595	1783116	1.59
CIPLA LTD	195.60	200.55	-2.47	INFOSYS TECHNOLO	2005428	1286052	1.56
WIPRO LTD	393.20	402.50	-2.31	ANDHRA SUGARS	87352	56246	1.55

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
RELIANCE CAPITAL	STEEL AUTHORITY	RELIANCE CAPITAL	TATA MOTORS
KOTAK MAHINDRA BANK	PUNJAB NATIONAL BANK	LARSEN & TOUBRO	BALLARPUR INDS
UTI BANK	EDUCOMP SOLUTIONS	SHR RENUKA SUGARS
HIND LEVER	TATA CHEM	KOTAK MAHINDRA BANK
RELIANCE INFRAST	BHARAT ELEC	IDFC
UNITED PHOSPHORU	RAIN CALCING	SIEMENS LTD
SOBHA DEVELOPERS	POLARIS SOFTWARE	INDIA CEMENTS
CESC LTD	GTC INDS	IDEA CELLULAR
LUPIN LABS	FEDERAL BANK	PRAJ INDS
DHAMPUR SUGAR MI	CEAT LTD	GAMMON (I)
MPHASIS		CESC LTD

What the Charts Foretell
(FOR Short Term Investors)

* NIFTY/ SENSEX !
Minor Resistance at 4915 - Use Corrective Declines for Fresh Buying
Be Scrip and sector Specific - Book Part profit in stocks Rising for 2 Days and Buy Oversold Stocks

* IND. CEMENTS !
Target of 215 & 220 maintained-Use corrective declines for fresh buying with SL

* HDFC LTD. !
At crucial support of 2500-2 close below support can wipe off Rs.200/- in coming sessions

* WIPRO !
Oversold with positive divergences-Ripe for recovery to 415 likely

* TCS !
EST charts in favor of rise to 855+ in near term-Use declines for fresh buying with SL

* IVRCL INFRA !
Bullish breakout in EST charts-Likely to cross 480 in near future

* MARUTI UDYOG !
Bearish breakout in EST charts-But ripe for technical recovery to 875+

* DEEPAK FERTILIZERS !
Sharp rise from 82 to 105.7 in 2 sessions-Minor decline to 99-100 likely

* JP ASSOCIATES !
Target of 285+ maintained-But ripe for decline to 239-240

* JP HYDRO!
Enters overbought zones in hourly charts-Minor decline to 58-58.5 on charts

* GMR INFRA !
Target of 165 achieved-Book part profit to re-enter below 157

* ICICI BANK !
Bearish but oversold-Ripe for technical recovery to 930 in coming sessions


* CAIRN INDIA !
Short term bullish target of 230 achieved-Another close above 232 may target 250 in near future

* SATYAM COMPUTER !
Short term support at 387-Bearish breakout ay wipe off Rs.50/- in coming days

* BAJAJ HIND. !
Overbought in hourly charts-Ripe for corrective decline to 226-227

* PFC !
Target of 180 mantained-Corrective decline to 164-165 likely

* RELIANCE INDS. !
Minor resistance at 2360-Corrective decline to 2300 likely

* CIPLA !
Bearish indications in EST charts-Further decline to 185-186 likely

* TATA STEEL !
Mildly bearish in hourly charts-Decline to 800-802 indicated

* HIND. OIL !
Bullish but overbought-Ripe for decline to 101-102

* ADLABS FILMS !
Short term indicators in favor of rise to 730 in near future-Buy on declines with SL

* RPL !
Overbought in EST charts-Corrective decline to 158-159 likely

* NAGARJUNA FERTILIZERS !
Overbought in EST charts-Minor decline to 39.5 on charts

* ESSAR OILS !
Sharp rise from 200 to 250 in 2 trading sessions-Corrective decline to 236 & 227 likely

Recommendations for 12.03.2008

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). IVRCL (Or Fut) : Buy 1000 Shares (500 at opening + 5x1100 at Fall of every Rs2/- ) in ' Investment A/C' . Target 480+. Avg SL Rs10/-.
2). Wipro. (Or Fut) : Buy 800 Shares (400 at opening + 4x100 at Fall of every Rs10/- ) in ' Investment A/C' . Target 855. Avg SL Rs20/-.
3). Renuka Sugar (Or Fut) : Sell 500 Shares (250 at opening + 5x50 at Rise of every Rs10/- ) in ' Investment A/C' . Target 1050. Avg SL Rs25/-.


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