TECHNICAL ALERT

Alert Name: India, Bearish Alert Criteria: Stocks (Any Indian Exchange); Price at least 50.00 and below the 200-day moving average; Volume at least 10,000; Classic Patterns; Bearish; Pattern Duration at least 25 days; Possible Price Move of at least 10%.

Symbol Exchange Name Event Close at Event Target Price Range Opportunity Type ADEL NSE Adani Enterprises Ltd Downside Breakout 549.70 369.00 - 402.00 Intermediate-Term Bearish AUIN BSE Autoline Industries Ltd Top Triangle 140.20 25.00 - 47.00 Intermediate-Term Bearish BIL BSE Bilcare Ltd Symmetrical Continuation Triangle (Bearish) 643.80 502.00 - 532.00 Intermediate-Term Bearish BOI BSE Bank of India Symmetrical Continuation Triangle (Bearish) 276.05 132.00 - 159.00 Intermediate-Term Bearish CNBK BSE Canara Bank Symmetrical Continuation Triangle (Bearish) 190.45 96.00 - 114.00 Intermediate-Term Bearish DHAT NSE Dhanus Technologies Ltd Descending Continuation Triangle 129.95 78.00 - 88.00 Intermediate-Term Bearish DISH BSE Dishman Pharmaceuticals and Chemicals Ltd Megaphone Top 282.95 233.00 - 242.00 Intermediate-Term Bearish FITE NSE Financial Technologies (India) Ltd Descending Continuation Triangle 1,212.00 1,064.001,109.00 - Intermediate-Term Bearish GSFC BSE Gujarat State Fertilizers & Chemicals Ltd Downside BreakoutW 130.50 96.00 - 104.00 Long-Term Bearish ICSA BSE ICSA India Ltd Descending Continuation Triangle 232.85 1.00 - 49.00 Long-Term Bearish ICSA NSE ICSA India Ltd Descending Continuation Triangle 232.00 1.00 - 48.00 Long-Term Bearish JKCE NSE J.K. Cement Ltd Downside BreakoutW 108.75 50.00 - 62.00 Long-Term Bearish MALD BSE Mahindra Lifespace Developers Ltd Descending Continuation Triangle 347.20 47.00 - 104.00 Long-Term Bearish MALD BSE Mahindra Lifespace Developers Ltd Downside BreakoutW 347.20 203.00 - 231.00 Long-Term Bearish MALD NSE Mahindra Lifespace Developers Ltd Downside BreakoutW 342.70 192.00 - 222.00 Long-Term Bearish ORBC BSE Oriental Bank Of Commerce Symmetrical Continuation Triangle (Bearish) 159.65 96.00 - 108.00 Intermediate-Term Bearish PRKI BSE Prakash Industries Ltd Head and Shoulders TopW 109.50 45.00 - 57.00 Long-Term Bearish PRKI NSE Prakash Industries Ltd Head and Shoulders TopW 110.00 45.00 - 57.00 Long-Term Bearish RSYS NSE R Systems International Ltd Downside BreakoutW 67.15 41.00 - 47.00 Long-Term Bearish SAEM BSE Sarda Energy & Minerals Ltd Head and Shoulders TopW 178.70 87.00 - 110.00 Long-Term Bearish SBI BSE State Bank Of India Symmetrical Continuation Triangle (Bearish) 1,434.20 754.00 - 881.00 Intermediate-Term Bearish SBI NSE State Bank Of India Symmetrical Continuation Triangle (Bearish) 1,432.70 731.00 - 866.00 Intermediate-Term Bearish SBI NSE State Bank Of India Top Triangle 1,432.70 1,128.001,193.00 - Intermediate-Term Bearish SMSP NSE SMS Pharmaceuticals Ltd Top Triangle 159.10 20.00 - 47.00 Intermediate-Term Bearish TULP NSE Tulip IT Services Ltd Diamond Top 888.10 412.00 - 501.00 Long-Term Bearish USBL NSE Usha Martin Ltd Descending Continuation Triangle 56.50 5.00 - 15.00 Long-Term Bearish WRTH BSE Worthington Pump India Ltd Diamond Top 57.35 33.00 - 38.00 Intermediate-Term Bearish

Alert Criteria: Stocks (Any Indian Exchange); Price at least 5.00; Classic Patterns; Bearish; Daily Events; Pattern Duration at least 25 days.

Following are the first 50 matching Technical Event® opportunities out of 76. Please consider refining your alert criteria.

Symbol Exchange Name Event Close at Event Target Price Range Opportunity Type ADEL NSE Adani Enterprises Ltd Downside Breakout 549.70 369.00 - 402.00 Intermediate-Term Bearish ALMC NSE Alembic Ltd Continuation Diamond (Bearish) 40.50 30.00 - 32.00 Intermediate-Term Bearish AUIN BSE Autoline Industries Ltd Top Triangle 140.20 25.00 - 47.00 Intermediate-Term Bearish AVOR BSE Avon Organics Ltd Continuation Diamond (Bearish) 17.10 10.25 - 11.50 Intermediate-Term Bearish BART BSE Baba Arts Ltd Top Triangle 20.50 7.00 - 10.00 Intermediate-Term Bearish BIL BSE Bilcare Ltd Symmetrical Continuation Triangle (Bearish) 643.80 502.00 - 532.00 Intermediate-Term Bearish BLMR NSE Balmer Lawrie & Co Ltd Downside Breakout 340.10 239.00 - 258.00 Long-Term Bearish BOI BSE Bank of India Symmetrical Continuation Triangle (Bearish) 276.05 132.00 - 159.00 Intermediate-Term Bearish BRAB NSE Brabourne Enterprises Ltd Top Triangle 11.80 2.75 - 4.25 Intermediate-Term Bearish CAPR BSE Caprihans India Ltd Downside Breakout 28.85 16.00 - 18.00 Intermediate-Term Bearish CELA NSE Celestial Labs Ltd Downside Breakout 30.35 17.00 - 19.00 Intermediate-Term Bearish CIRS BSE Carol Info Services Ltd Descending Continuation Triangle 42.55 34.00 - 35.50 Intermediate-Term Bearish CNBK BSE Canara Bank Symmetrical Continuation Triangle (Bearish) 190.45 96.00 - 114.00 Intermediate-Term Bearish CSFR BSE Cosmo Ferrites Ltd Symmetrical Continuation Triangle (Bearish) 8.35 4.70 - 5.40 Intermediate-Term Bearish DHAT NSE Dhanus Technologies Ltd Descending Continuation Triangle 129.95 78.00 - 88.00 Intermediate-Term Bearish DISH BSE Dishman Pharmaceuticals and Chemicals Ltd Megaphone Top 282.95 233.00 - 242.00 Intermediate-Term Bearish ENET BSE Elnet Technologies Ltd Descending Continuation Triangle 34.50 3.00 - 9.00 Long-Term Bearish FITE NSE Financial Technologies (India) Ltd Descending Continuation Triangle 1,212.00 1,064.001,109.00 - Intermediate-Term Bearish FSTL NSE First Leasing Co of India Ltd Descending Continuation Triangle 39.25 23.00 - 26.00 Intermediate-Term Bearish GAPR BSE Gayatri Projects Ltd Continuation Diamond (Bearish) 205.20 127.00 - 142.00 Intermediate-Term Bearish HBES BSE H B Estate Developers Ltd Descending Continuation Triangle 29.00 15.00 - 17.00 Intermediate-Term Bearish HELI BSE Helios & Matheson Information Technology Ltd Descending Continuation Triangle 40.05 3.00 - 11.00 Long-Term Bearish HELI NSE Helios & Matheson Information Technology Ltd Descending Continuation Triangle 40.50 3.00 - 10.00 Long-Term Bearish HITA BSE Hitachi Home & Life Solutions (India) Ltd Top Triangle 95.20 43.00 - 52.00 Intermediate-Term Bearish ICSA BSE ICSA India Ltd Descending Continuation Triangle 232.85 1.00 - 49.00 Long-Term Bearish ICSA NSE ICSA India Ltd Descending Continuation Triangle 232.00 1.00 - 48.00 Long-Term Bearish INFE NSE Infotech Enterprises Ltd Symmetrical Continuation Triangle (Bearish) 207.00 176.00 - 184.00 Intermediate-Term Bearish KART NSE Karuturi Global Ltd Downside Breakout 18.60 7.00 - 9.00 Long-Term Bearish MALD BSE Mahindra Lifespace Developers Ltd Descending Continuation Triangle 347.20 47.00 - 104.00 Long-Term Bearish MANK BSE Manaksia Ltd Downside Breakout 53.40 15.00 - 22.00 Long-Term Bearish MOSC BSE Moschip Semiconductor Technology Ltd Downside Breakout 12.40 2.50 - 4.50 Long-Term Bearish ORBC BSE Oriental Bank Of Commerce Symmetrical Continuation Triangle (Bearish) 159.65 96.00 - 108.00 Intermediate-Term Bearish PIDI NSE Pidilite Industries Ltd Continuation Diamond (Bearish) 135.10 113.00 - 117.00 Intermediate-Term Bearish POCH NSE Pochiraju Industries Ltd Downside Breakout 16.10 3.00 - 6.00 Long-Term Bearish RPOL NSE Reliance Power Ltd Continuation Diamond (Bearish) 161.80 132.00 - 139.00 Intermediate-Term Bearish RSSI BSE RS Software India Ltd Descending Continuation Triangle 18.05 1.00 - 3.00 Long-Term Bearish RTHI BSE Rathi Ispat Ltd Top Triangle 6.21 1.60 - 2.40 Intermediate-Term Bearish SBI BSE State Bank Of India Symmetrical Continuation Triangle (Bearish) 1,434.20 754.00 - 881.00 Intermediate-Term Bearish SBI NSE State Bank Of India Symmetrical Continuation Triangle (Bearish) 1,432.70 731.00 - 866.00 Intermediate-Term Bearish SBI NSE State Bank Of India Top Triangle 1,432.70 1,128.001,193.00 - Intermediate-Term Bearish SMSP NSE SMS Pharmaceuticals Ltd Top Triangle 159.10 20.00 - 47.00 Intermediate-Term Bearish SNWR BSE Sanwaria Agro Oil Ltd Diamond Top 46.35 28.00 - 36.00 Long-Term Bearish TALB BSE Talbros Automotive Component Ltd Symmetrical Continuation Triangle (Bearish) 34.95 27.00 - 28.75 Intermediate-Term Bearish TEIN NSE Technocraft Industries India Ltd Descending Continuation Triangle 43.00 11.00 - 18.00 Long-Term Bearish TTKL NSE TTK Prestige Ltd Symmetrical Continuation Triangle (Bearish) 166.00 102.00 - 114.00 Intermediate-Term Bearish TULP NSE Tulip IT Services Ltd Diamond Top 888.10 412.00 - 501.00 Long-Term Bearish UCBK BSE UCO Bank Megaphone Top 35.05 26.25 - 27.75 Intermediate-Term Bearish USBL NSE Usha Martin Ltd Descending Continuation Triangle 56.50 5.00 - 15.00 Long-Term Bearish WLSF BSE Wall Street Finance Ltd Head and Shoulders Top 63.35 44.00 - 47.00 Intermediate-Term Bearish WRTH BSE Worthington Pump India Ltd Diamond Top 57.35 33.00 - 38.00 Intermediate-Term Bearish

BLOCK DEAL Deal Date Scrip Code Company Client Name Deal Type * Quantity Price ** 26/9/2008 515055 ANANT RAJ IN DEUTSCHE SECURITIES MAURITIUS LIMITED B 8541305 118.00 26/9/2008 515055 ANANT RAJ IN MORGAN STANLEY MAURITIUS COMPANY LIMITED S 8541305 118.00 26/9/2008 519532 ASIAN TEA EX VHM IMPEX PRIVATE LTD S 55983 109.02 26/9/2008 513059 G.S. AUTO HARDIK M MITHANI B 75200 80.85 26/9/2008 513059 G.S. AUTO SPJSTOCK B 112378 80.08 26/9/2008 513059 G.S. AUTO HARDIK M MITHANI S 25338 80.52 26/9/2008 513059 G.S. AUTO SPJSTOCK S 130439 80.61 26/9/2008 526727 GARNET CONST JAYSHREE JHAMATMAL PARIYANI B 45804 23.54 26/9/2008 531439 GOLDSTON TEC HEMANT MADHUSUDAN SHETH B 193000 114.83 26/9/2008 531439 GOLDSTON TEC BHAVESH PRAKASH PABARI S 100000 115.00 26/9/2008 532636 IND INFOLINE CITIGROUP GLOBAL MARKETS MAURITIUS PVT LTD B 500000 97.05 26/9/2008 512237 JAI CORP LIM DEUTSCHE SECURITIES MAURITIUS LIMITED B 5704919 288.95 26/9/2008 512237 JAI CORP LIM MORGAN STANLEY MAURITIUS COMPANY LIMITED S 5704919 288.95 26/9/2008 531602 KOFF BR PICT LAXMI CAP BROKING PVT LTD B 29065 38.38 26/9/2008 532629 MCNALLY BHA IDFC SMALL MIDCAP EQUITYSME FUND B 500000 102.00 26/9/2008 532629 MCNALLY BHA TEMPLETON MUTUAL FUND A C FRANK FUND 11624 S 224650 102.01 26/9/2008 532629 MCNALLY BHA TEMPLETON MUTUAL FUND A C FRANKLIN INDIA PRIMA FUND 4615 S 277749 102.01 26/9/2008 590060 MK EXIM NARENDRA VALLABHJI BAHUVA S 21194 30.60 26/9/2008 532045 NEXXOFT INFO MANOJ H.MEHTA B 27831 35.74 26/9/2008 532045 NEXXOFT INFO HARSHA HARESH CHHATBAR S 38000 35.75 26/9/2008 531996 ODYSSEY CORP UDAYKUMAR P. SHAH B 25000 33.85 26/9/2008 531996 ODYSSEY CORP KIRIT V DAVE B 25000 32.77 26/9/2008 531996 ODYSSEY CORP UDAYKUMAR P. SHAH S 25000 34.20 26/9/2008 531996 ODYSSEY CORP TAMMANSA D KATWA S 26500 34.79 26/9/2008 531996 ODYSSEY CORP KATWA KANCHANMALA T S 26500 34.56 26/9/2008 531769 PFL INFOTECH KAUSHAL ASHWINKUMAR KANSARA B 25000 12.17 26/9/2008 531769 PFL INFOTECH BABULAL RANARAM GHANCHY B 27576 12.37 26/9/2008 531769 PFL INFOTECH KETAN C DELAVALA B 25000 12.17 26/9/2008 531769 PFL INFOTECH VISHU ENTERPRISE S 34193 12.18 26/9/2008 531769 PFL INFOTECH KAUSHAL ASHWINKUMAR KANSARA S 25000 12.20 26/9/2008 531769 PFL INFOTECH BABULAL RANARAM GHANCHY S 44898 12.19 26/9/2008 531769 PFL INFOTECH KETAN C DELAVALA S 25000 12.17 26/9/2008 503100 PHOENIX MILL DEUTSCHE SECURITIES MAURITIUS LIMITED B 930159 146.00 26/9/2008 532486 POKARNA LTD MERRILL LYNCH CAPITAL MARKETS ESPANA SA SV S 296680 76.99 26/9/2008 503873 PRIYA SPIN L PRADEEP KUMAR AGARWAL B 83841 9.35 26/9/2008 503873 PRIYA SPIN L ARVIND KUMAR AGGARWAL S 83841 9.35 26/9/2008 520086 SICAL LOG THE ROYAL BANK OF SCOTLAND PLC AS TRST OF JUPITER INDIA FUND B 200000 65.00 26/9/2008 532669 SOUTHBIOTEC MACKERTICH CONSULTANCY SERVICES PVT. LTD. B 175000 17.35 26/9/2008 532669 SOUTHBIOTEC TRICOLOUR INDIA OPPORTUNITIES FUND S 177546 17.35 26/9/2008 521161 SRI LAKS SAR BALAJI INVESTMENT S 20000 16.14 26/9/2008 532619 UTV SOFTWARE ARROW WEBTEX LTD S 200000 765.00