Report - for Monday 3rd

* Nifty 50 Index (60 Minute Chart) !
Locked between Multiple Support and Resistance / Breakout to Decide 4700 or 5500

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
STATE BANK	LARSEN & TOUBRO	STATE BANK	BHARTI AIRTEL
IFCI LTD	BHEL	BANK OF INDIA	TATA STEEL
SESA GOA	TATA STEEL	HIND LEVER	JAIPRAKASH ASSOC
CENTURION BANK	CHAMBAL FERT	CANARA BANK	CHAMBAL FERT
BANK OF INDIA	EDUCOMP SOLUTIONS	INDIAN OIL CORP	EDUCOMP SOLUTIONS
PUNJAB NATIONAL BANK	TATA MOTORS	DENA BANK	ONGC CORPN
TATA POWER COMP	SATYAM COMPUTER	MATRIX LABS	PUNJ LLOYD
HIND LEVER	TCS		ACC LTD
CAIRN INDIA	BAJAJ HINDUSTAN		ARVIND MILLS
UTI BANK	ARVIND MILLS		BALLARPUR INDS
SHR RENUKA SUGARS	GUJ NARMADA		ALOK INDS

What the Charts Foretell
(FOR Short Term Investors)

* NIFTY/ SENSEX !
Locked in Multiple Support/ Resistance - Breakout to Decide 4700 or 5500
Continue to be Scrip/Sector Specific - Both Bullish and Bearish opportunities Available

* RPL !
Bullish breakout in EST charts-Likely to cross 182-185 in coming days

* ESSAR OILS !
Highly bullish breakout in daily charts-Likely to cross 325 in coming days

* ASHOK LEYLAND !
On verge of bullish breakout-Close above 37.5 will target 40-40.5 in near term

* HINDALCO !
Minor resistance at 205-Bullish crossover may target 215-216 in near future

* UNITECH LTD. !
Bearish indications in short term charts-Another close below 360 may target 325 in near future

* GUJ NRE COKE !
Bearish but oversold-Technical recovery to 161-162 likely

* BHARTI AIRTEL !
EST indicators in favor of recovery to 860 & 900-Use declines for fresh buying with SL


* RELIANCE INDS. !
Strong support at 2420-Bearish breakout can wipe off Rs.200/- in near future

* R COMM. !
EST charts in favor of technical recovery to 580-585/Buy on declines with SL

* CAIRN INDIA !
Target of 245-250 maintained-Use pullback to buy with SL


* SBI !
Short term resistance at 2090-Bullish breakout may target 2225 in few sessions

* REL. CAPITAL !
Highly oversold in short term-Buy gradually on declines for target of 1895+

* CIPLA !
Overbought in EST-Corrective decline to 195-197 likely

* FORTIS !
Bullish breakout in daily charts-Another close above 87 will target 101-102 in coming days

* MARUTI !
Bullish indications in short term-Likely to cross 910-920 in near term

* ANDHRA BANK !
Short term indicators in favor of rise to 93-94/Buy on declines with SL

* BANK OF BARODA !
Bullish indications in EST charts-Close above 364 may target 400 in near future

* BHEL !
Strong resistnce at 2320-Bullish crossover may target 2475 in few weeks

* KOTAK BANK !
EST charts in favor of technical recovery to 820-825 in near term

* BPCL !
Strong resistance at 480-Bullish crossover with volumes to target 540 in near future

* MCLEOD RUSSLE !
Short term support at 75.5-76/Bearish breakout may wipe off Rs.7-8/- in near future

* HIND. MOTORS !
Highly oversold in intra day charts-Technical rally to 46-47 likely

* GAIL !
Trend reversal pattern in making-Close above 438 can target 525 in few weeks

Recommendations for 03.03.2008

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). RPL (Or Fut) : Buy 1500 Shares (700 at opening + 4x200 at Fall of every Rs1/- ) in ' Investment A/C' . Target 184. Avg SL Rs4/-.
2). Rel Cap (Or Fut): Buy 500 Shares (250 at opening + 5x50 at Fall of every Rs5/- ) in ' Investment A/C' . Target 1895. Avg SL Rs20/-.
3). BOB (Or Fut) : Buy 1500 Shares (700 at opening + 4x200 at Fall of every Rs1/- ) in ' Investment A/C' . Target 400. Avg SL Rs8/-.

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