NEWSLETTER 29.08.08

Ganesha views that market may marginally remain upwards till 12:40. As it is a long time trade instead of getting bored trade slowly and steadily.

Gujarati

Hindi

Nifty (4214) Sup 4180 Res 4310

Buy M&M (567-572) SL 563
Target 582, 586

Buy SBI (1305-1320) SL 1295
Target 1355, 1365

Buy IndiaBulls Real Estate (258-262) SL 255 Target 272, 275

Buy Sterlite (605-610) SL 600
Target 625, 630

Sell ACC (548-552) SL 556
Target 540, 536



Mkt very narrow so there was no mails.

As per our news mkt expected to see

Never before never again bull rally in indian history.

Yep u may remember this in 2002 v had sent, repeating the same.

Massive bull will run ahead of all the pundits.

Ever fastest bull rally going to take place.

Sensex will break all these 21000 levels just like tht.

Sensex will move near to 30k.

When of buy will sent to our exclusive friends later.

Asusual let our techicals giants & pundits lauff here, stoploss there & make ur hard earned money empty.

Today Picks Tatapower, bombay dyeing..

Bye,

Nifty 50 Index ( 15 Minute Chart) !
* Nifty 50 Index ( 15 Minute Chart) ! Another Bearish Target Achieved - Use Recovery to book EST Profit
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On-Line Recommendation Portfolio (+) 39054..39% in 113 Months (Hypothetical Performance)	The "Rs.10 Lac-Portfolio" (+)1512.55% in 382 weeks (Hypothetical Performance).
Important Support & Resistance Levels of Sensex/ Nifty / Nifty 'Near Month'
Index Close Change 3- DEMA 7- DEMA Sup-2 Sup-1 Trend Res-1 Res-2 5D-High 5D-Low * BSE - SENSEX 14048.34 -248.45 14213.68 14368.22 13823.55 13883.32 14132.65 14298.54 14513.61 14672.69 14002.43 * CNX BANK INDEX 5721.15 -102.40 5789.83 5862.78 5604.73 5641.53 5752.08 5832.11 5928.77 5995.60 5649.90 * CNX IT INDEX 3806.90 -71.00 3841.09 3856.02 3739.81 3759.10 3832.13 3880.19 3943.97 3918.55 3791.15 * CNX MIDCAP 5546.45 -86.45 5598.81 5649.31 5484.42 5494.65 5576.13 5628.20 5696.09 5727.75 5538.10 * S&P CNX NIFTY 4214.00 -78.10 4264.25 4311.75 4148.16 4165.29 4240.12 4289.08 4353.62 4398.80 4201.85 - NSE50 1 MONTH 4218.20 -72.70 4267.98 4317.41 4159.76 4173.17 4242.67 4287.93 4347.11 4395.00 4208.10
Change in Indices in last 5 Days
Index Close L.Change 2DayBack 3DayBack 4DayBack 5DayBack * BSE - 500 CO'S 5454.16 -83.59 -59.18 9.70 16.76 43.36 * BSE - SENSEX 14048.34 -248.45 -185.43 31.87 48.86 157.76 * CNX BANK INDEX 5721.15 -102.40 -119.65 82.40 84.75 64.50 * CNX IT INDEX 3806.90 -71.00 -19.20 46.25 21.45 12.05 * S&P CNX 500 3376.80 -58.45 -33..65 1.50 7.65 25.75 * S&P CNX NIFTY 4214.00 -78.10 -45.40 2.15 7.90 43.60 - CNX BANK INDEX - 1 M 5715.85 -110.25 -142.00 100.90 88.50 69.25 - CNX IT - 1 MONTH 3813.75 -64.95 -30.70 48.30 28.70 -1.50 - NSE50 1 MONTH 4218.20 -72.70 -59.35 13.25 12.90 37.00
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 DEWAN HOUSING 111.45 105.05 6.09 DEWAN HOUSING 61491 21894 25.69 GHCL 86.25 83.20 3.67 MAHINDRA GESCO 82763 30959 17.54 EDUCOMP SOLUTIONS 3587.80 3472.85 3.31 VSNL 675022 290424 14.12 MPHASIS 236.85 230.50 2.75 I-FLEX SOLUTIONS 229519 100800 9.63 CUMMINS (I) 318.35 310.05 2.68 MPHASIS 946730 372667 8.83 GTC INDS 132.75 129.35 2.63 NDTV LTD 544188 220254 7..89 POWER FINANCE CORP 133.90 130.65 2.49 BALLARPUR INDS 703665 356358 7.86 BHARAT FORGE 262.80 256.65 2.40 MAHA SEAMLESS 332573 140638 7.83 CAIRN INDIA 249.80 244.35 2.23 BOMBAY RAYON FASHIONS 405174 210132 7.67 SUZLON ENERGY 208.60 204.70 1.91 CAIRN INDIA 9291970 4004754 7.67 BANK OF BARODA 273.90 269.60 1.60 CUMMINS (I) 90402 37798 7.57 Losers JINDAL STAINLESS 189700 83380 7.04 INDIABULLS FIN SERVICES 231.55 251.15 -7.80 GITANJALI GEMS 433858 217567 6.78 TRIVENI ENGG 92.10 99.45 -7.39 MINDTREE CONSULTING 129616 53225 6.69 MRPL 60.10 64.00 -6.09 VIJAYA BANK 1086439 518640 5.55 BAJAJ HINDUSTAN 162.05 172.10 -5.84 INDIA CEMENTS 1853403 894113 5.54 SHR RENUKA SUGARS 113.95 120.70 -5.59 ALLAHABAD BANK 707531 338521 4.80 APTECH LTD 206.25 218.05 -5.41 WIPRO LTD 1878851 883364 4.62 MCLEOD RUSSEL 82.25 86.80 -5.24 INDIA INFOLINE 1455774 726832 4.42 DECCAN AVIATION 75.75 79.75 -5.02 INDIAN OVERSEAS BANK 695727 354499 4.37 IVRCL INFRA 301.15 317.05 -5.02 ACC LTD 551616 284293 4.11 AD LABS FILMS 468.85 493.35 -4.97 DEVELOPMENT CREDIT BANK 2110024 1089557 4.05 RAJESH EXPORTS 46.20 48.60 -4.94 TVS MOTOR 595003 332712 4.04

Support/Resistance for Day Traders (29.08.2008)

We are giving below the Important Support and Resistance Levels of few most actively traded scrips of NSE/BSE (including F&O). Many Traders successfully use Support/ Resistance levels for day- trading. Traders are advised to read the Disclaimer and Rules for Successful trading & apply Stop Loss on all trades. (Conditions - Avg Daily Volume in 5 days >250000)

Scrip Close Change 3- DEMA 7- DEMA Sup-2 Sup-1 Trend Res-1 Res-2 5D-High 5D-Low ACC LTD 548.20 -10.10 553.60 561.31 526.21 535.16 553.75 566.86 584.16 576.00 541.10 BANK OF BARODA 273.90 4.30 270.78 267.40 263.33 267.60 272.73 279.06 283.54 277.20 246.60 BANK OF INDIA 251.40 -1.20 253.51 257.49 246.51 248.01 252.67 256.07 260.12 267.30 248.00 BHARAT PETROLEUM 284.30 -14.20 291.50 297.95 267.11 274.65 287.67 297.38 309.74 307.25 278.70 BHARTI AIRTEL 804.50 -0.35 806.04 808.48 783.42 790.95 807.92 821.53 836.55 823.80 791.25 BHEL 1629.55 -52.50 1662.66 1685.99 1567.57 1592.48 1643.08 1680.36 1727.09 1794.45 1610.00 BONGAINGAON REFI 53.20 -1.45 54.21 56.67 51.97 52.39 53.68 54.50 55.67 57.90 53.00 CANARA BANK 200.05 -0.10 200.59 202.67 194.09 196.32 200.23 203.98 207.40 208.95 190.00 DR. REDDY'S LABS 566.90 -22.80 576.25 583.40 540.94 551.80 573.97 589.15 609.99 600.00 560.25 GAS AUTHORTY (I) 385.45 -9.75 389.16 391.90 370.41 376.49 388.62 397.63 408.84 407.95 371.05 GUJ AMBUJA CEMEN 78.70 -1..15 79.47 80.32 76.10 77.11 79.50 81.10 83.31 83.40 77.00 HDFC BANK 1213.10 -20.90 1221.58 1218.57 1173.00 1188.52 1219.60 1244.30 1272.47 1268.00 1151.00 HDFC LTD 2246.30 -50.10 2279.81 2301.34 2183.32 2206.40 2268.22 2308.34 2364.76 2392.05 2151.20 HERO HONDA 822.10 11.75 813.83 808.22 800.85 808.41 821.67 835.42 846.68 832.90 793.45 HIND LEVER 239.50 -7.00 242.64 243.00 231.78 234.75 241.37 246.15 252.20 249.00 233.10 HIND PETROLEUM 195.70 -9.00 200.53 205.70 185.74 189.99 198.23 203.98 211.76 209.45 193.00 ICICI BANK 632.55 -17.40 643.97 654.68 609.81 618.82 640.13 653.95 673.76 684.60 616.65 IDBI 79.80 -0.45 80.29 80.81 78.27 78.74 80.07 81.14 82.27 82.65 77.10 IDFC 89.05 -3.40 91.17 93.03 86.05 87.21 90.12 91.96 94.65 96.25 88.50 IFCI LTD 42.55 -1.75 43.68 44.76 40.56 41.40 43.30 44.46 46.27 46.35 42.25 INFOSYS TECHNOLO 1699.40 -8.80 1701.10 1695.89 1687.41 1687.04 1704.13 1716.55 1729.45 1745.00 1646.20 ITC LTD 183.50 -0.45 183.78 184.39 180.03 181.08 183.22 185.65 187.33 187.00 179.80 JAIPRAKASH ASSOC 156.10 -0.25 157.11 161.11 153.66 154.30 156.47 158.28 160.07 169.85 153.35 LARSEN & TOUBRO 2500.80 -76.60 2549.81 2598.33 2408.70 2445.40 2525.27 2580.97 2654.89 2676.00 2476.00 LIC HOUSING FIN 325.35 -0.85 325.69 326.77 319.34 321.13 325.47 329.71 333.25 337.80 320.20 MAHANAGAR TELEPH 97.70 -3.95 99.77 101.36 93.82 95.39 98.97 101.29 104.63 103.80 96.90 MAHINDRA & MAHIN 568.70 -7.15 569.63 566.68 547..02 555.74 569.57 582.59 595.05 582.00 530.15 MARUTI UDYOG 629.35 3.20 628.24 629.91 602.08 613.38 625.78 641.82 652.71 649.80 603.20 MPHASIS 236.85 6.35 233.00 229.81 222.90 228.99 238.28 246.18 254.92 247.00 222.50 ONGC CORPN 999.25 -7.40 1005.76 1017.17 975.82 983.80 1003.08 1018.61 1035.47 1038.80 953..80 POLARIS SOFTWARE 98.40 -1.35 99.68 100.94 95.65 96.66 98.80 100.55 102.46 104.90 97.30 RANBAXY LABS 514.10 2.10 514.02 512.22 499.70 504.98 514.00 523.15 530.92 526.70 503.20 RELIANCE CAPITAL 1282.15 3.80 1279.29 1282.08 1251.66 1262.12 1282.12 1302.23 1319.11 1344.00 1200.05 RELIANCE COMM 384.85 -12.70 393.69 402.33 370.94 376.46 389.95 398.39 410.97 417.50 382.50 RELIANCE ENERGY 932.95 -32.75 956.00 973.67 885.68 905.83 948.55 975.83 1016.38 1020.00 923.70 RELIANCE INDS 2070.85 -77.15 2124.13 2173.21 1987.37 2021.37 2097.22 2146.99 2217.95 2285.00 2052.80 SATYAM COMPUTER 406.35 1.80 404.40 402.78 399.67 401.49 405.95 410.82 414.28 409.90 382.45 STATE BANK 1309.35 -21.65 1329.27 1361.52 1279.18 1289.37 1317.30 1337.39 1362.15 1396.80 1300.55 STEEL AUTHORITY 149.00 -3.00 149.84 148.75 144.15 146.02 149.57 152.56 155.76 154.95 142.50 STERLITE INDS (I) 606.60 -7.45 610.82 612.35 577.15 589.61 619.52 636.62 665.13 647.95 577.65 SUZLON ENERGY 208.60 3.90 209.21 216.24 199..80 203.42 207.87 213.06 217.01 234.00 203.15 SYNDICATE BANK 56.10 -0.85 56.67 57.30 54.84 55.26 56.50 57.34 58.45 58.00 55.80 TATA MOTORS 415.45 -7.40 421.15 424.33 396.95 404.65 417.33 428.18 439.88 443.95 407.55 TATA POWER COMP 1014.60 2.50 1017.57 1023.47 987.85 997.43 1016.92 1034.16 1051.19 1074..50 1002.25 TATA STEEL 571.95 -9.40 577.30 585.98 555..65 561.66 576.03 586.38 599.38 604.50 567.15 TCS 792.35 -26.10 807.68 817.53 760.19 773.31 799.75 818.89 843.45 836.95 782.65 UNION BANK 131.95 -2.20 132.64 133.18 119.53 125.25 131.03 137.76 143.24 136.50 124.05 VSNL 394.85 -18.65 404.68 413.46 373.12 382.51 401.73 414.15 432.46 430.00 390.35 WIPRO LTD 414.10 -12.15 419.96 423.38 395.64 403.32 418.12 428.95 442.77 439.65 408.35 ZEE TELEFILMS 213.15 -0.95 213.99 213.61 209.69 210.62 213.20 215.74 217.79 224.50 207.50

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 BHARTI AIRTEL BOMBAY RAYON INFOSYS TECHNOLO RANBAXY LABS TATA STEEL TATA STEEL TATA POWER COMP HINDALCO INDS HINDALCO INDS JSW STEEL STERLITE INDS (I) PUNJ LLOYD MARUTI UDYOG SESA GOA BOMBAY DYEING TATA CHEM MAHINDRA & MAHIN DR. REDDY'S LABS BANK OF BARODA CIPLA LTD VSNL BOMBAY RAYON FASHIONS CENTURION BANK CROMPTON GREAVES MOSER BAER (I) ACC LTD ORCHID CHEM ALOK INDS VSNL WOCKHARDT LTD GHCL HCL TECHNOLOGIES ERA CONSTRUCTIONS (I)

What the Charts Foretell (FOR Short Term Investors)
* NIFTY/ SENSEX ! Nifty - Another Bearish Breakout as expected - Use Recovery to Book EST Profit Select Index Heavy weight Stocks to decline after Technical Recovery * TATA STEEL ! Target of 550 maintained-Any recovery to 596 can be used for profit booking * REL. INFRA ! Close to EST support-Technical recovery to 960 on charts * BAJAJ HIND. ! Heading for 150-Use recovery towards 170 for profit booking * IVRCL INFRA ! All indicators in favor of decline to 275-Recovery to 312 can be used for profit booking * L&T ! Intra day bearish target of 2500 achieved-Ripe for recovery to 2552 * BHEL ! Important support at 1625-Bearish breakout can wipe off Rs.100/- in few sessions * TCS ! Bearish breakout in EST charts-Likely to go below 750 in near future * CORE PROJECT ! Highly overbought in EST-Corrective decline to 265 on charts * CHAMBAL FERT. ! Bearish targets of 68 & 65 maintained-Use recovery to 73 for profit booking * IDFC ! Heading for 86-Use technical rally to 91 for short term profit booking * RPL ! On verge of bearish breakout-Close below 154.5 may target 148 in near term * NAGARJUNA FERT. ! Heading for 34-Use recovery towards 38 for profit booking only * SAIL ! Mildly bearish in EST-Close below 148 may target 142 in near term * CAIRN INDIA ! Strong resistance at 250-Bullish breakout likely to target 266-270 in near term * R COMM. ! Decline to 375 likely-Use recovery to 395 for short term profit booking * SUZLON ! Bullish pattern in making-Close above 212 may target 221+ in near future * BALRAMPUR ! All set to decline to 81-Use recovery towards 89 for profit booking only * ICICI BANK ! Crucial support at 632-Technical recovery to 648 on charts * REL. INDS. ! Target of 2050 almost achieved-Further recovery to 2145 likely * HDIL ! Highly oversold in EST charts-Recovery to 294 indicated * ANSAL INFRA ! Bearish "Head & Shoulder" pattern in making-Close below 96 may target 85 in near term * BOB ! Bullish target of 281-284 maintained-Buy on declines till 275 with SL * CHENNAI PETRO. ! Extrtemely oversold- Close above 256 may target 265+ in EST
Bulls & Bears (Technically Speaking)
BHEL (Daily)	Cairn India (Daily)
FRESH ADVISORY RECOMMENDATIONS For Extreme Short Term Investors/ Intra-Day Traders ( First Read Disclaimer at www.trade4profit.org)
Note: It is always advisable to use Stop Loss with every Trade. The Stop Loss Level may vary according to the Time Frame & Profit Margin for which any trade is being initiated.
BUYING	SELLING
Reco. Date Scrip Reco. Type Buy Around Target Reco. Date Scrip Reco. Type Sell Around Target 29.08.08 Cairn India Short Term On Declines+SL 265-270 29.08.08 RPL Short Term If Close<154+sl 147-148 29.08.08 Suzlon Short Term On Declines+SL 221+ 29.08.08 SAIL Short Term If Close<148+sl 142 29.08.08 L&T Short Term On Declines+SL 2550 29.08.08 BHEL Short Term If Close<1625+sl 1525-1535 29.08.08 HDIL Short Term On Declines+SL 294 29.08.08 IVRCL Short Term On Rally +SL 275 29.08.08 ICICI Bank Short Term On Declines+SL 648 29.08.08 Core Projects Short Term On Rally +SL 265 28.08.08 Welspun Guj Short Term Recovery+SL 328-330 28.08..08 Chambal fert Short Term On Rally +SL 68 & 65 28.08.08 Adani Ent. Short Term High Risk +SL 610+ 28.08.08 Renuka Sugar Short Term If Close<122> 114-115 28.08.08 Punj lloyd Short Term If Close>290+SL 303-305 28.08.08 REL Infra Short Term On Rally +SL 850 28.08.08 GAIL Short Term If Close>390+SL 418+ 28.08.08 IDFC Short Term If Close<91> 87 28.08.08 Indiabulls Short Term High Risk +SL 272+ 28.08.08 L&T Short Term If Close<2560> 2500 27.08.08 HDFC Bank Short Term If Close>1255+SL 1310+ 27.08.08 BOB Short Term On Declines+SL 281-284 27.08.08 Polaris Short Term On Declines+SL 108+ 27.08.08 BHEL Short Term If Close>1740+SL 1820 27.08.08 PNB Short Term If Close>460+SL 485+
The Hypothetical "10 Lac-Portfolio" as on 29.08.2008
FRESH RECOMMENDATIONS ( First Read Disclaimer at www.trade4profit.org)
Opening Price is considered around close of previous day. Avoid BUYING if Prices open abnormally High and Avoid SELLING if prices open too low.

Market may open up. Market may up between 10.10 and 10.32 Market may steady or up side between 12.07 and 12.26. Market may close at up to previous closing.




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Opening Bell Call
Buy

LT -Larsen & Toubro Limited
RELCAPITAL - Reliance Capital Limited
IDFC - Infrastructure Development Finance Company Limited
GMRINFRA - GMR Infrastructure Limited
IFCI - IFCI Limited
RNRL - Reliance Natural Resources Limited


On 28th August 2008 - The BSE Sensex closed at 14,048 (down 248 points) while the NSE Nifty closed at 4,214 (down 78 points).

Opening Bell Call
Sell

INFOSYSTCH - Infosys Technologies Ltd.
BAJAJ-AUTO - Bajaj Auto Limited
DISHTV - Dish TV India Limited
BANKBARODA - Bank of Baroda
TATASTEEL - Tata Steel Limited

Technical Analysis for 29th August 2008

BSE-SENSEX - Major Support - 14132, 14025, 13917, 13852, 13787, 13614, 13442
BSE-SENSEX - Major Resistance - 14197, 14262, 14370, 14477, 14649, 14822, 14994

NSE-NIFTY - Major Support - 4239, 4207, 4175, 4156, 4136, 4085, 4033, 3982
NSE-NIFTY - Major Resistance - 4259, 4278, 4310, 4342, 4394, 4445, 4497, 4548

Sensex Technical View :
Sensex made a low of around 1400o close to the 50 % retracement around 14050 odd . But technically cutting the extreme short term range of 14100 on lower side is a weak sign although till we dont see a sustained close or a turn around move it would be ideal to wait. The range bound markets could remain for a while. Inflation , Dow and crude cues are giving a positive cue to markets and might have hit some stops and trapped some stbt traders. Well thats one of the reasons have been mentioning not necessary to trade everyday ! as in such mkts its difficult with range being small.

Market Observations and Thoughts :

Inflation surprises with a 12.4 against 12.63 whereas the mkts were expecting 12.77-12.83 and some 13 + . But one thing to note is inflation is for the data which was 2 weeks bacK !! and quite some prices have actually risen like sugar, food in the last 2 weeks according to market-men. So this impact could be seen in coming data so a single down tick doesnt say a peak out !

Stocks to watchout for :
Lot of small stop hits or cutting of trades on cost have been the recent probs with traders but one needs to continue to be disciplined and wait . Castrol moved up sharply but subsided by eod.

IDFC below 88 could give a break to 80 levels which would be a gr8 level to take sizeable position for long term .

RCOM can be bought in part quantities on dips frm 390 to 350

Bombay Dyeing and Century Textiles seem to be an interesting long term portfolio picks which may not perform so well in short term and can drift further lower . Investors with 1 yr + view can start buying regularly and may even surprise in short term .

Today i m uploading a nifty spot chart to show how nifty follows a trendline.
Nifty got support at the lower trendline, and will open gap up.
now i have drawn a black line, if nifty has to fall again in the near term, this line wont be crossed, nifty should go up to around 4305 spot or 4312 futures, and these levels should not be broken.
and breaking today's low of 4208 fut, there will be big downside in the markets.

Now for intraday, nifty might open around 4265 and we have to wait and see if it sustains there, break of 4255 will be bad for nifty fut, and may show some weakness.
on the upside, sustaining 4365, nifty may go on to hit 4312 fut

22 Indian companies find place in the World Economic Forum’s (WEF) list of 200 growth companies. These companies generally considered as having potential to change the global economic landscape. These companies will give exceptional returns for long term investors if they live up to their potential. These stocks will attract huge investments as they find place in this esteemed list. According to WEF, these companies have the potential to become global multinationals in 5-6 years.

Happy news: Inflation rate fell unexpectedly to 12.4% from 12.63%. This fall will stop the recent correction in stock markets. Analysts expected the inflarion rate for the week at 12.8%. This marginal fall will trigger sharp rally in inflation sensitive stocks on Friday.

Indian companies in WEF global growth list:

1. Maytas Infra- Another GMR Infra. Only Infrastructure stock in this list.

2. Educomp Solutions- Its valuations tell the story.

3. Financial Technologies (FT)- safe business.

4. MCX Limited- Don’t miss this IPO.

5. YES Bank Ltd- Very good stock and buy after correction (RBI hike).

6. Praj Industries- Proven performer.

7. Rajshree Sugar and Chemicals- Must buy for 2 year investment.

8. Rupa and Co Ltd

9. UTV Software Communications Ltd- Only for risk takers.

10. HT Media

11. Union Bank of India

12. Wockhardt Hospitals

13. ACC Limited- Contra stock pick.

14. Crompton Greeves

15. Ramsarup group

16. iGATE Global Solutions

17. Moserbaer- Invest for 5 year to get 1000% returns. This stock is a must buy for visionary patient long term investors. Don't forget to accumulate on ever fall. This stock is strictly not for short term investors.

18. Dabur India- My pick is Glenmark or Lupin.

19. Apollo Hospitals

20. Amalgamated Bean Coffee Trading Company

21. CMS Computers

22. Mphasis BFL

Final advice: These companies are picked by World Economic Forum after extensive research about their growth potential. These stocks are strictly for patient long term investors who will buy good companies and forget about them. Moserbaer and Maytas Infra have the potential to give exceptional returns if you can stay invested for 4-5 years. Don’t miss the IPO of MCX Limited. Stocks like Yes Bank, Praj, Educomp, UTV and Rajshree Sugars also provide good investment opportunities but valuations of Educomp and UTV along with Apollo Hospitals are a concern. But don’t forget to follow these companies regularly. Most of these stocks are not for short term investors.

Final verdict: Accumulate these stocks on every major fall for good returns over long term.

The markets remained highly volatile on the back of f/o expiry and selling pressure creeped in the last hour of trade.
Technically the markets are still weak , but near to strong supports for a bounce back.
However the markets are in a deceptive mood and will change tide anytime on both sides.
Structurally the markets are in an undecisive mood and will remain highly volatile.
The supports for the nifty is at 4115 levels and resistance at 4315 levels
The supports for the sensex is at 13600 levels and resistance at 14250 levels


Stocks to watch

Akruti nirman

Archies

Jaypee hotels

Nifty :: After an break down of rising small channel and last bottom 4282 /4268 and 4248 Nifty turn down sharply and enter in oversold zone in intraday chart. Today we plot strong support zone highlighted with green color 4138 to 4100 works as aggressive trader buying zone and defensive trade buying level only above 4350/4400.. Now Nifty required to break out of 4307/4350 for up swing till then our strategy for 29th Aug. Sell at high (S.L 4350)buy on deep (S.L 4100). In one level above 4220 momentum seems up and turn strong above 4244, below 4187 momentum down.. Resistance 4244/4274/4290 /4307/4350.. Supports at 4187/4138/4118/4100..

Reliance

from The Indian Market Monitor by ss

Here is a chart of Reliance Futures. If we take Reliance as a proxy for the whole market, then 4162 on Nifty Futures will not hold because its Reliance counterpart 2082 has broken down. Remember the Dow Theory tenet - two averages must confirm each other. See point #4 on the linked page.

The range bound movement in Nifty Futures ends today with a breakdown of 4250. The next support is at 4162. Break this, and we are straight down again to 3800. General strategy in the coming days is "sell on rallies".

The Indian market opened on flat note and hovering in small range in the first session it fell sharply again at the end of the day. For coming session we can see nifty testing 4200-4177 levels for bulls 4154 will strong support zone if that level break than more down side can seen on the other side 4270-4313 will act resistances zone .

1. ACC is a stock which has a support at Rs 535. 2. If stock can maintain above the level of Rs 536 than stock can target level of Rs 600 to Rs 650.3. Good news for investors is that the bad news about the stock has been discounted and thus one can only hope for good news from this stock by making profi

1. SBI is on verge of a bearish break out; if stock breaks the level of Rs 1299. Thus one can exit this stock if it breaks the said level.2. Tata steel is also in bearish mode and one can enter in this stock only if stock starts trading above 601 level

Exactly like yesterday, the Nifty opened flat today and almost immediately started losing ground but stabilized soon and then went into a narrow range and kept trading in those levels for most of the day. The bears, finally, took the index below the lows of the day when only an hour of trading was left and the index ended the day about 78 points in the red. The Nifty still remains locked inside a range of 4200-4650. As mentioned in earlier posts, a clear trend would come about if this range is broken on one of the sides. Or when the ADX indicator line starts rising again. This line seems to be stabilizing near 14. Such extremes are rare in the ADX and this clearly shows that a trending should now come about soon enough.

Seen above is the daily chart of Nifty and shows the range within which the index remains locked. The lower end of the range is shown at 4200. However, as explained in yesterday’s post, the index has broken a symmetrical triangle within which it was moving on the downside. The target for this downside breakout is 4160. If we look at the chart above and notice the pivot low which was formed in the end of July, the value happens to be 4159. So, this 4160-4200 range may provide good support to the Nifty. Looking at the Relative Strength Index (RSI), we find that it is now very close to 40. If the RSI does find support near 40, it may mean that all is not lost yet. A breakdown below this range of 4160-4200 should definitely take the RSI below 40 and that would be negative for the markets, and we could be looking at 4000 or 3800 then. Alternatively, if the Nifty were to find support near these levels and the RSI near 40, then the outlook remains, more or less, the same that we would still be in a sideways market but would be saved from the downside, for some time at least.


SBI : (1309.35) Buy SBI above 1306 for a target of 1333 and 1379, if cross 1379 then goes up to 1428. Stoploss at 1285.

IBREALEST : (258.65) Buy IBREALEST above 256 for a target of 269 and 296. Stoploss at 238.

APPAPER : (80.20) Buy APPAPER above 78 for a short term target of 85 and 90. Stoploss at 75.

Honda Power : (221.10) Buy HONDAPOWER above 220 for a target of 232. Stoploss at 210.

DLF : (469.50) Buy DLF above 472 for target of 482 and 500. Stoploss at 455.

AFL : (89.10) Buy AFL above 90 for a target of 96 and 107. Stoploss at 83.

Sensex : (14048.34) Today Sensex face resistance at 14132, if cross 14132 then goes up to 14263 and 14479. Sensex find support at 13916, if break 13916 then fall up to 13785 and 13569.

Nifty : (4214) Today Nifty face resistance at 4240, if cross 4240 then goes up to 4279 and 4350. Nifty find support at 4174, if break 4174 then fall up to 4150-4135.

Technical Buy Call: GUJARAT ALKALI - Rs 185.40 1st Target: Rs 218 (4-6 weeks) 2nd Target: 227 (12-14 weeks) Stoploss: Rs 169 Gujarat Alkali peaked to an intra-week high of Rs 243.75 in the week ended May 5, 2006, and then reversed the next few week, struggled a bit at 244 level before declining to..

Recommendations for National Stock Exchange (NSE) - List 1 (Daily):

Record Date	Symbol	Company Name	Signal	Rate	Stop Loss	Target 1	Target 2	Target 3	Target 4
28 August 2008	AARVEEDEN.NS	Aarvee Denims & E	ShortSell	62.8	75.85	57.95	46.88	37.93	28.97
28 August 2008	ADHUNIK.NS	Adhunik Metaliks	ShortSell	108.55	124	94.74	76.63	62.00	47.37
28 August 2008	ADVANTA.NS	Advanta India Lim	ShortSell	755	800	611.20	494.40	400.00	305.60
28 August 2008	AIRDECCAN.NS	Deccan Aviation L	ShortSell	75.75	93.4	71.36	57.72	46.70	35.68
28 August 2008	ALPA.NS	Alpa Laboratories	ShortSell	22.6	29	22.16	17.92	14.50	11.08
28 August 2008	AMAR.NS	AMARA RAJA BATTER	Buy	123.95	25.25	31.21	34.90	37.88	40.85
28 August 2008	ANSALHSG.NS	ANSALHSG.NS	ShortSell	100.2	116.55	89.04	72.03	58.28	44.52
28 August 2008	APARINDS.NS	APAR INDUSTRIES L	Buy	166.2	149.1	184.29	206.06	223.65	241.24
28 August 2008	APIL.NS	ALSTOM PROJECTS I	ShortSell	368.15	447.5	341.89	276.56	223.75	170.95
28 August 2008	ARIES.NS	Aries Agro Limite	ShortSell	108	118.2	90.30	73.05	59.10	45.15
28 August 2008	ATFL.NS	AGRO TECH FOODS L	ShortSell	132.3	136	103.90	84.05	68.00	51.95
28 August 2008	ATUL.NS	ATUL LTD	ShortSell	65.05	68.5	52.33	42.33	34.25	26.17
28 August 2008	BASML.NS	BASML.NS	Buy	68.15	64.5	79.72	89.14	96.75	104.36
28 August 2008	BURNPUR.NS	Burnpur Cement Li	ShortSell	16.15	18.25	13.94	11.28	9.13	6.97
28 August 2008	CADILAHC.NS	CADILA HEALTHCARE	ShortSell	323.1	340	259.76	210.12	170.00	129.88
28 August 2008	CCCL.NS	Consolidated Cons	Buy	581.5	515.2	636.79	712.01	772.80	833.59
28 August 2008	CELEBRITY.NS	Celebrity Fashion	ShortSell	26	30.6	23.38	18.91	15.30	11.69
28 August 2008	CENTENKA.NS	CENTURY ENKA LTD	ShortSell	97	104.8	80.07	64.77	52.40	40.03
28 August 2008	CESC.NS	CESC LTD	ShortSell	316.7	370.25	282.87	228.81	185.13	141.44
28 August 2008	CHOLADBS.NS	CHOLADBS.NS	ShortSell	100.1	113.25	86.52	69.99	56.63	43.26
28 August 2008	CINEMAX.NS	Cinemax India Lim	Buy	94.45	90.1	111.36	124.52	135.15	145.78
28 August 2008	CINEVISTA.NS	CINEVISTAAS LTD	ShortSell	7.6	9.3	7.11	5.75	4.65	3.55
28 August 2008	CTE.NS	CTE.NS	Buy	46.45	40.65	50.24	56.18	60.98	65.77
28 August 2008	CYBERTECH.NS	CYBERTECH SYSTEMS	ShortSell	16.4	18.9	14.44	11.68	9.45	7.22
28 August 2008	DENORA.NS	DENORA.NS	ShortSell	80.65	90	68.76	55.62	45.00	34.38
28 August 2008	DONEAR.NS	Donear Industries	ShortSell	37.6	48	36.67	29.66	24.00	18.34
28 August 2008	EDUCOMP.NS	Educomp Solutions	Buy	3587.8	3176	3925.54	4389.23	4764.00	5138.77
28 August 2008	ELECTHERM.NS	Electrotherm (I)	ShortSell	305.7	328	250.59	202.70	164.00	125.30
28 August 2008	FORTIS.NS	Fortis Healthcare	Buy	74.8	67.15	83.00	92.80	100.73	108.65
28 August 2008	GEOINFO.NS	GEODESIC INFO SYS	ShortSell	172.65	185.3	141.57	114.52	92.65	70.78
28 August 2008	GIPCL.NS	GUJ IND POW CO. L	ShortSell	78.1	86.85	66.35	53.67	43.43	33.18
28 August 2008	GMBREW.NS	G M BREWERIES LTD	ShortSell	69.3	71.5	54.63	44.19	35.75	27.31
28 August 2008	GOKEX.NS	Gokaldas Exports	ShortSell	178.15	189	144.40	116.80	94.50	72.20
28 August 2008	GSKCONS.NS	GLAXOSMITHKLINE C	ShortSell	629.1	666.7	509.36	412.02	333.35	254.68
28 August 2008	GTNTEX.NS	GTN Industries Li	Buy	16	13.85	17.12	19.14	20.78	22.41
28 August 2008	HINDUJAFO.NS	HINDUJAFO.NS	Buy	187.45	170	210.12	234.94	255.00	275.06
28 August 2008	HTMEDIA.NS	HT Media Limited	ShortSell	115.55	123.85	94.62	76.54	61.93	47.31
28 August 2008	IBSEC.NS	Indiabulls Securi	ShortSell	64.15	78.65	60.09	48.61	39.33	30.04
28 August 2008	ICIL.NS	Indo Count Indust	ShortSell	11.8	12.95	9.89	8.00	6.48	4.95
28 August 2008	IMPAL.NS	IMPAL.NS	ShortSell	187.5	194	148.22	119.89	97.00	74.11
28 August 2008	JHS.NS	JHS SVEND. LAB. L	ShortSell	31.1	34.4	26.28	21.26	17.20	13.14
28 August 2008	KBL.NS	Kirloskar Brother	ShortSell	145.15	153	116.89	94.55	76.50	58.45
28 August 2008	KPIT.NS	KPIT CUMMINS INFO	ShortSell	55.45	77.1	58.90	47.65	38.55	29.45
28 August 2008	KTKBANK.NS	KARNATAKA BANK LI	ShortSell	133.5	145	110.78	89.61	72.50	55.39
28 August 2008	MAGMA.NS	MAGMA LEASING LIM	ShortSell	275.9	318.95	243.68	197.11	159.48	121.84
28 August 2008	MAHABANK.NS	BANK OF MAHARASHT	ShortSell	33.4	36.8	28.12	22.74	18.40	14.06
28 August 2008	MEGASOFT.NS	Megasoft Limited	Buy	70.75	71	87.76	98.12	106.50	114.88
28 August 2008	MERCK.NS	MERCK.NS	ShortSell	347.8	351.85	268.81	217.44	175.93	134.41
28 August 2008	MRPL.NS	MRPL	ShortSell	60.1	76.75	58.64	47.43	38.38	29.32
28 August 2008	MUKANDLTD.NS	MUKAND LTD.	Buy	74.8	72	88.99	99.50	108.00	116.50
28 August 2008	MUKTAARTS.NS	MUKTA ARTS LIMITE	Buy	84.25	78	96.41	107.80	117.00	126.20

Recommendations for National Stock Exchange (NSE) - List 2:

Record Date	Symbol	Company Name	Signal	Rate	Stop Loss	Target 1	Target 2	Target 3	Target 4
28 August 2008	ADHUNIK.NS	Adhunik Metaliks	ShortSell	108.55	124	94.74	76.63	62.00	47.37
28 August 2008	ADVANTA.NS	Advanta India Lim	ShortSell	755	800	611.20	494.40	400.00	305.60
28 August 2008	ANSALHSG.NS	ANSALHSG.NS	ShortSell	100.2	116.55	89.04	72.03	58.28	44.52
28 August 2008	ASHIMASYN.NS	ASHIMA LTD	ShortSell	5.85	6.95	5.31	4.30	3.48	2.65
28 August 2008	ATUL.NS	ATUL LTD	ShortSell	65.05	68.5	52.33	42.33	34.25	26.17
28 August 2008	BANKRAJAS.NS	THE BANK OF RAJAS	ShortSell	79.1	91.3	69.75	56.42	45.65	34.88
28 August 2008	BASML.NS	BASML.NS	Buy	68.15	64.5	79.72	89.14	96.75	104.36
28 August 2008	CESC.NS	CESC LTD	ShortSell	316.7	370.25	282.87	228.81	185.13	141.44
28 August 2008	CHOLADBS.NS	CHOLADBS.NS	ShortSell	100.1	113.25	86.52	69.99	56.63	43.26
28 August 2008	CTE.NS	CTE.NS	Buy	46.45	40.65	50.24	56.18	60.98	65.77
28 August 2008	DONEAR.NS	Donear Industries	ShortSell	37.6	48	36.67	29.66	24.00	18.34
28 August 2008	EDELWEISS.NS	Edelweiss Capital	ShortSell	517.75	635	485.14	392.43	317.50	242.57
28 August 2008	EIHOTEL.NS	EIH LIMITED	Buy	150.1	114	140.90	157.55	171.00	184.45
28 August 2008	ELGITYRE.NS	ELGITREAD (INDIA)	ShortSell	9.4	11.4	8.71	7.05	5.70	4.35
28 August 2008	FORTIS.NS	Fortis Healthcare	Buy	74.8	67.15	83.00	92.80	100.73	108.65
28 August 2008	GEOINFO.NS	GEODESIC INFO SYS	ShortSell	172.65	185.3	141.57	114.52	92.65	70.78
28 August 2008	GMBREW.NS	G M BREWERIES LTD	ShortSell	69.3	71.5	54.63	44.19	35.75	27.31
28 August 2008	GNFC.NS	GUJARAT NARMADA F	ShortSell	113.2	130.55	99.74	80.68	65.28	49.87
28 August 2008	GSKCONS.NS	GLAXOSMITHKLINE C	ShortSell	629.1	666.7	509.36	412.02	333.35	254.68
28 August 2008	GTNTEX.NS	GTN Industries Li	Buy	16	13.85	17.12	19.14	20.78	22.41
28 August 2008	HBSTOCK.NS	HB STOCKHOLDINGS	ShortSell	24.8	32.4	24.75	20.02	16.20	12.38
28 August 2008	HINDUJAFO.NS	HINDUJAFO.NS	Buy	187.45	178.5	220.63	246.69	267.75	288.81
28 August 2008	ICIL.NS	Indo Count Indust	ShortSell	11.8	12.95	9.89	8.00	6.48	4.95
28 August 2008	IFCI.NS	IFCI LTD	ShortSell	42.55	51.8	39.58	32.01	25.90	19.79
28 August 2008	IMPAL.NS	IMPAL.NS	ShortSell	187.5	194	148.22	119.89	97.00	74.11
28 August 2008	INDOCO.NS	INDOCO REMEDIES L	ShortSell	250.6	287.8	219.88	177.86	143.90	109.94
28 August 2008	KBL.NS	Kirloskar Brother	ShortSell	145.15	153	116.89	94.55	76.50	58.45
28 August 2008	KPIT.NS	KPIT CUMMINS INFO	ShortSell	55.45	74.9	57.22	46.29	37.45	28.61
28 August 2008	KPRMILL.NS	K.P.R. Mill Limit	ShortSell	92.25	102	77.93	63.04	51.00	38.96
28 August 2008	MAGMA.NS	MAGMA LEASING LIM	ShortSell	275.9	329.95	252.08	203.91	164.98	126.04
28 August 2008	MALWACOTT.NS	MALWA COTTON SPG.	Buy	42.35	38.5	47.59	53.21	57.75	62.29
28 August 2008	MERCK.NS	MERCK.NS	ShortSell	347.8	351.85	268.81	217.44	175.93	134.41
28 August 2008	MIRZAINT.NS	MIRC Electronics	ShortSell	13.75	15.7	11.99	9.70	7.85	6.00

Recommendations for Bombay Stock Exchange (BSE) - List 1:

Record Date	Symbol	Company Name	Signal	Rate	Stop Loss	Target 1	Target 2	Target 3	Target 4
28 August 2008	500241.BO	KIRLOSKAR BR (BSE	ShortSell	145.7	154.35	117.92	95.39	77.18	58.96
28 August 2008	500241.BO	KIRLOSKAR BR (BSE	ShortSell	145.7	154.35	117.92	95.39	77.18	58.96
28 August 2008	500302.BO	PIRAMA HEALT	Buy	339.8	301.65	372.84	416.88	452.48	488.07
28 August 2008	500420.BO	TORRENT PHAR	Buy	200.8	184.85	228.47	255.46	277.28	299.09
28 August 2008	500420.BO	TORRENT PHAR	Buy	200.8	184.85	228.47	255.46	277.28	299.09
28 August 2008	500878.BO	CEAT LTD	ShortSell	75	83.6	63.87	51.66	41.80	31.94
28 August 2008	500878.BO	CEAT LTD	ShortSell	75	83.6	63.87	51.66	41.80	31.94
28 August 2008	503031.BO	PENLAND LTD	ShortSell	65.95	79.55	60.78	49.16	39.78	30.39
28 August 2008	503031.BO	PENLAND LTD	ShortSell	65.95	97.45	74.45	60.22	48.73	37.23
28 August 2008	503699.BO	GEODINFO SYS	ShortSell	172.65	184.75	141.15	114.18	92.38	70.57
28 August 2008	503699.BO	GEODINFO SYS	ShortSell	172.65	184.75	141.15	114.18	92.38	70.57
28 August 2008	506874.BO	ASKME IN HU	ShortSell	1.03	1.16	0.89	0.72	0.58	0.44
28 August 2008	506894.BO	CHEMF ALKAL	ShortSell	64.05	72.35	55.28	44.71	36.18	27.64
28 August 2008	507912.BO	LKP MER FIN.	ShortSell	127.4	133	101.61	82.19	66.50	50.81
28 August 2008	507912.BO	LKP MER FIN.	ShortSell	127.4	133	101.61	82.19	66.50	50.81
28 August 2008	509020.BO	RUCHI INFRST	ShortSell	28.7	28.75	21.97	17.77	14.38	10.98
28 August 2008	509020.BO	RUCHI INFRST	ShortSell	28.7	28.75	21.97	17.77	14.38	10.98

Recommendations for Bombay Stock Exchange (BSE) - List 2:

Record Date	Symbol	Company Name	Signal	Rate	Stop Loss	Target 1	Target 2	Target 3	Target 4
28 August 2008	500241.BO	KIRLOSKAR BR (BSE	ShortSell	145.7	154.35	117.92	95.39	77.18	58.96
28 August 2008	500241.BO	KIRLOSKAR BR (BSE	ShortSell	145.7	154.35	117.92	95.39	77.18	58.96
28 August 2008	500302.BO	PIRAMA HEALT	Buy	339.8	301.65	372.84	416.88	452.48	488.07
28 August 2008	500302.BO	PIRAMA HEALT	Buy	339.8	301.65	372.84	416.88	452.48	488.07
28 August 2008	500420.BO	TORRENT PHAR	Buy	200.8	184.85	228.47	255.46	277.28	299.09
28 August 2008	500420.BO	TORRENT PHAR	Buy	200.8	184.85	228.47	255.46	277.28	299.09
28 August 2008	500878.BO	CEAT LTD	ShortSell	75	83.6	63.87	51.66	41.80	31.94
28 August 2008	500878.BO	CEAT LTD	ShortSell	75	83.6	63.87	51.66	41.80	31.94
28 August 2008	503015.BO	MODERN INDIA(BSE	Buy	219.25	201.65	249.24	278.68	302.48	326.27
28 August 2008	503015.BO	MODERN INDIA(BSE	Buy	219.25	201.65	249.24	278.68	302.48	326.27
28 August 2008	503031.BO	PENLAND LTD	ShortSell	65.95	97.45	74.45	60.22	48.73	37.23
28 August 2008	503031.BO	PENLAND LTD	ShortSell	65.95	97.45	74.45	60.22	48.73	37.23
28 August 2008	503229.BO	SIMPLX REAL	ShortSell	158	193.5	147.83	119.58	96.75	73.92
28 August 2008	503229.BO	SIMPLX REAL	ShortSell	158	193.5	147.83	119.58	96.75	73.92
28 August 2008	503699.BO	GEODINFO SYS	ShortSell	172.65	184.75	141.15	114.18	92.38	70.57
28 August 2008	503699.BO	GEODINFO SYS	ShortSell	172.65	184.75	141.15	114.18	92.38	70.57
28 August 2008	506874.BO	ASKME IN HU	ShortSell	1.03	1.16	0.89	0.72	0.58	0.44
28 August 2008	507912.BO	LKP MER FIN.	ShortSell	127.4	133	101.61	82.19	66.50	50.81
28 August 2008	507912.BO	LKP MER FIN.	ShortSell	127.4	133	101.61	82.19	66.50	50.81
28 August 2008	509020.BO	RUCHI INFRST	ShortSell	28.7	28.75	21.97	17.77	14.38	10.98
28 August 2008	509020.BO	RUCHI INFRST	ShortSell	28.7	28.75	21.97	17.77	14.38	10.98

Profit Booking Recommendation report for NSE:

Record Date	Symbol	Company Name	Signal	Rate
Record Date	Symbol	Company Name	Signal	Rate
28 August 2008	ADSL.NS	Allied Digital Se	Exit Short Position	718.30
28 August 2008	AGRODUTCH.NS	AGRO DUTCH INDUST	Exit Short Position	22.85
27 August 2008	AICHAMP.NS	AI Champdany Indu	Exit Long Position	69.50
28 August 2008	AMBUJACEM.NS	AMBUJACEM.NS	Exit Short Position	78.70
28 August 2008	BATLIBOI.NS	Batliboi Limited	Exit Short Position	32.45
28 August 2008	BLKASHYAP.NS	B. L. Kashyap and	Exit Short Position	967.25
28 August 2008	BSELINFRA.NS	BSEL INFRASTRUCTU	Exit Short Position	38.00
28 August 2008	BSL.NS	BSL LTD	Exit Short Position	20.45
28 August 2008	CAROLINFO.NS	CAROL INFO SERVIC	Exit Short Position	44.20
28 August 2008	CENTEXT.NS	CENTURY EXTRUSION	Exit Short Position	4.00
28 August 2008	CINEMAX.NS	Cinemax India Lim	Exit Short Position	94.45
28 August 2008	DCM.NS	DCM LTD	Exit Short Position	33.85
28 August 2008	DECCANCE.NS	DECCAN CEMENTS LI	Exit Short Position	224.85
28 August 2008	DEWANHOUS.NS	DEWAN HOUSING FIN	Exit Short Position	111.45
28 August 2008	DISHMAN.NS	DISHMAN PHARMA &	Exit Short Position	308.25
28 August 2008	DPSCLTD.NS	DPSC Limited	Exit Long Position	575.55
28 August 2008	EMAMILTD.NS	Emami Limited	Exit Long Position	290.05
28 August 2008	ESABINDIA.NS	ESAB INDIA LTD	Exit Long Position	427.75
28 August 2008	EUROCERA.NS	Euro Ceramics Lim	Exit Short Position	77.65
28 August 2008	GABRIEL.NS	GABRIEL INDIA LIM	Exit Short Position	14.30
28 August 2008	GTCIND.NS	GTC INDUSTRIES LT	Exit Short Position	132.75
28 August 2008	GUFICBIO.NS	GUFIC BIOSCIENCES	Exit Short Position	7.60
28 August 2008	GUJRATGAS.NS	GUJARAT GAS CO. L	Exit Long Position	273.10
28 August 2008	HANUNG.NS	Hanung Toys and T	Exit Short Position	192.85
28 August 2008	HCL-INSYS.NS	HCL INFOSYSTEMS L	Exit Short Position	113.45
28 August 2008	HERCULES.NS	Hercules Hoists L	Exit Short Position	2141.00
28 August 2008	HINDPETRO.NS	HINDUSTAN PETROLE	Exit Short Position	195.70
28 August 2008	HONAUT.NS	HONEYWELL AUTOMAT	Exit Short Position	1286.00
28 August 2008	IBN18.NS	IBN18.NS	Exit Short Position	100.75
28 August 2008	ICICIBANK.NS	ICICI BANK LTD.	Exit Short Position	632.55
28 August 2008	ICRA.NS	ICRA Limited	Exit Short Position	619.10
28 August 2008	IDBI.NS	INDUS DEV BANK OF	Exit Short Position	79.80
28 August 2008	IFBIND.NS	IFB INDUSTRIES LT	Exit Short Position	35.10
28 August 2008	INDLMETER.NS	IMP POWER LTD	Exit Short Position	110.00
28 August 2008	INDOASIFU.NS	Indo Asian Fusege	Exit Short Position	74.50
28 August 2008	ITC.NS	ITC LTD	Exit Short Position	183.50
28 August 2008	JKLAKSHMI.NS	JK Lakshmi Cement	Exit Short Position	78.40
28 August 2008	KKCL.NS	Kewal Kiran Cloth	Exit Short Position	199.40
28 August 2008	KOTAKBANK.NS	KOTAK MAHINDRA BA	Exit Short Position	556.20
28 August 2008	KOTAKGOLD.NS	Kotak Mutual Fund	Exit Short Position	1181.78
28 August 2008	LAKPRE.NS	Lakshmi Precision	Exit Short Position	37.35
28 August 2008	LITL.NS	LANCO INFRATECH L	Exit Short Position	282.55
28 August 2008	MAHLIFE.NS	MAHLIFE.NS	Exit Short Position	460.40
28 August 2008	MARALOVER.NS	MARAL OVERSEAS LT	Exit Short Position	10.25
28 August 2008	MICROTECH.NS	MICRO TECH. (IND)	Exit Short Position	217.85

Profit Booking Recommendation report for BSE:

Record Date	Symbol	Company Name	Signal	Rate
Record Date	Symbol	Company Name	Signal	Rate
28 August 2008	500097.BO	DALMIA CEM B	Exit Short Position	210.95
28 August 2008	500111.BO	RELIANCE CAPITAL	Exit Short Position	1284.55
28 August 2008	500111.BO	RELIANCE CAPITAL	Exit Short Position	1284.55
28 August 2008	500116.BO	IDBI BANK L	Exit Short Position	79.90
28 August 2008	500116.BO	IDBI BANK L	Exit Short Position	79.90
28 August 2008	500151.BO	GTC INDUSTRI	Exit Short Position	132.90
28 August 2008	500151.BO	GTC INDUSTRI	Exit Short Position	132.90
28 August 2008	500179.BO	HCL INFOSYS	Exit Short Position	113.85
28 August 2008	500179.BO	HCL INFOSYS	Exit Short Position	113.85
28 August 2008	500318.BO	OSWA SPI W M	Exit Short Position	3.52
28 August 2008	500875.BO	I T C LTD	Exit Short Position	183.60
28 August 2008	500875.BO	I T C LTD	Exit Short Position	183.60
28 August 2008	502742.BO	SINTEX INDUS	Exit Short Position	309.20
28 August 2008	502742.BO	SINTEX INDUS	Exit Short Position	309.20
28 August 2008	503100.BO	PHOENIX MILL	Exit Short Position	184.05
28 August 2008	503100.BO	PHOENIX MILL	Exit Short Position	184.05
28 August 2008	506525.BO	KANORI CHE I	Exit Short Position	29.15
28 August 2008	506525.BO	KANORI CHE I	Exit Short Position	29.15
28 August 2008	508807.BO	IST LIMITED	Exit Short Position	217.00
28 August 2008	508807.BO	IST LIMITED	Exit Short Position	217.00