Report - for Monday 28th

* Nifty 50 Index (30 Minute Chart) !
Another Bullish Breakout in Hourly Charts - Likely to Cross 5200+ in few Days
Likely to Test Support of 4940-4960 in case of 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
RELIANCE NATURAL RESOURCES	INFOSYS TECHNOLO	ICICI BANK	GHCL
RELIANCE ENERGY	TCS	TATA STEEL	MOSER BAER (I)
LARSEN & TOUBRO	CAIRN INDIA	SUZLON ENERGY	NOIDA TOLL BRIDG
TATA STEEL	UNITED SPIRITS	WIPRO LTD	CUMMINS (I)
AD LABS FILMS	TATA MOTORS	BHARAT PETROLEUM	MINDTREE CONSULTING
STERLITE INDS (I)	SRF LTD	ADANI ENTERPRISE
SHR RENUKA SUGARS	I-FLEX SOLUTIONS	SUN TV
MRPL	RAIN CALCING
KOTAK MAHINDRA BANK	CUMMINS (I)
BAJAJ HINDUSTAN	SREI INFRASTRUCTURE FINANCE
PUNJ LLOYD

What the Charts Foretell
(FOR Short Term Investors)

* NIFTY/ SENSEX !
Nifty - Another Bullish Breakout in hourly Charts for Target of 5200 / Support at 4950 in correction
Fresh Bullish Breakout in many PSU/ Bank/ Telecom Stocks - Continue to be Scrip specific

* R N R L !
Bearish Target 111-113 Achieved - Bullish but Overbought for Corrective Decline to 120

* NAGARJUNA FERT !
Locked in Small Pattern between 47 and 51 - Expect Quick move of Rs4 on either side

* IDEA CELLULAR !
Short Term Chartsin favour of Rise to 115-116 / Use Declines for Fresh Buying with SL

* CHAMBAL FERT. !
Short term Resistance at 74-75 / Bullish Breakout with Volumes may Target 85+ in Near Future

* RELIANCE PETRO !
Bearish Targets of 180 Maintained if fails to Cross 195 / Book Part Profit to Re-Enter at Lower Levels

* GUJ NRE COKE !
Crucial support at 150 / Bearish Breakout with Volume will Target 130-132 in couple of days

* BHARTI AIRTEL !
Bullish Breakout in daily Charts - Likely to Cross 950+ in coming Sessions

* ICICI BANK !
On verge of highly bullish breakout-Close above 850 will target 950 in near future
(From KTP210408)

* R POWER !
On Verge of Bullish Breakout in EST Charts - Close above 402 will Target 430 in Near Term

* RENUKA SUGAR !
Short Term Bullish Target of 150+ maintained - Use every Corrective Decline for Fresh Buying with SL

* I D F C !
Bullish breakout in daily charts-Likely to cross 185-187 in coming days

* CENTURIAN BOP !
Breakout from Bullish pattern in Hourly Charts - Likely to Cross 55-56 in Near Future

* APTECH TRAINING !
Target of 300 & 320 maintained-Buy on every decline with SL
(From KTP210408)

* RELIANCE IND. !
Bullish Breakout from "Declining Channel" Pattern in Hourly Charts - Likely to Cross 2670 in Near future

* RELIANCE COMM. !
Bullish target of 620+ Maintained - Decline towards 550 may be used for Buying with SL

* BAJAJ HIND !
Minor Resistance at 242 - Bullish Crossover wih Volumes to Target 255-256

* DEEPAK FERTILIZERS !
Short term charts favor rise to 123+/Buy gradually on declines with SL
(From KTP210408)

* LIC HOUSING !
Short Term Bullish Target of 375+ Maintained - Use Decline towards support of 300 in Near Future

* A C C !
Highly Oversold in Extreme Short Term Charts - Ripe for Technical Recovery to 800-805

* KPIT INFOSYS !
Minor Resistance at 108 - Bullish Crossover with Volumes will Target 116-117

* MOSER BAER !
Bearish Indications in Extreme Short Term - Further Decline to 170 Likely

* HIND ZINC !
All Set to Cross 800+ in coming sessions - Buy on every decline with SL

* MUNDRA PORT !
Bullish Indications in short Term - Likely to Cross 775+ in Coming Days

Recommendations for 28.04.2008

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). Idea Cellular (Or Fut) : Buy 2500 Shares (1300 at opening + 4x300 at Fall of every Rs1/- ) in ' Investment A/C' . Target 120. Avg SL Rs8/-.
2). LIC Housing (Or Fut) : Buy 1000 Shares (500 at opening + 5x100 at Fall of every Rs2/- ) in ' Investment A/C' . Target 375+. Avg SL Rs10/-.
3). Moser Baer (Or Fut) : Sell 1000 Shares (500 at opening + 5x100 at Rise every Rs1/- ) in ' Trading A/C' . Target 170. Avg SL Rs10/-.
4). Bom Dyeing (Or Fut) : Sell 600 Shares (300 at opening + 3x100 at Rise every Rs10/- ) in ' Trading A/C' . Target 800. Avg SL Rs20/-.

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