Daily News Letter for 16th May 2007

!!!Om Shree Sadguru Dev Namah!!!!!!!!!!
!!!Om Shree Parsvantha Bhagwan Namah!!!!
!!!Om Shree Mahalaxmi Maat Ki Jai!!!

This publication has been prepared solely for information purpose and does not constitute an offer or a solicitation to any person to buy or sell a security. While the information contained therein has been obtained from sources believed to be reliable, investors are advised to satisfy themselves before making any investments. I do not bear any responsibility for the authentication of the information contained in the post & consequently,are not liable for any decisions taken based on the same. Further, My reports only provide information updates and analysis.
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NIFTY: Prev, Close: 4120.30 Resistance@ 4155 - 4160, 4185 - 4190 and Supports @ 4110, 4100, 4090, 4070 and 4050. Minor Term Bullish Trend

Market Outlook: Market is expected to open with positive bias nifty move above 4140 Will face resistance @ 4155 – 4160 and @ 4180, Market is expected to remain volatile. Bears will try to set panic again before 17^th May (their Favourite Day), But bulls are all warm up to change the game.

iNtrA – DaY (Only for Today)
SCRIPTS (CMP)	TRADING LEVEL	TGT 1	TGT 2 – TGT3	SL BELOW
RAJESH EXPO - (442.80)	Buy CASH/FUT At 442 -448	460	469-478	430
PNB – (546.85)	Buy CASH / FUT AT 545 – 549	555	563	540
MPHASIS BFL – (317.05)	Buy CASH / FUT AT 315 – 320	325	333	306
PANTALOON RET – (439.35)	Buy CASH / FUT AT 438 – 442	452	465	434
ROLTA – (440.60)	Buy CASH / FUT AT 441 – 444	454	468	432
INDIA INFO – (448.65)	Buy CASH / FUT AT 448 – 452	460	471	442

Positional Calls (2-3 Days)

SCRIPTS (CMP)	TRADING LEVEL	TGT	SL BELOW
ADLABS – (504.35)	Buy CASH/FUT	534+	494
BANK OF BARODA – (274.50)	Buy CASH / FUT	291+	268
CESC – (373.05) – ABOVE 377	Buy CASH / FUT AT 377 – 380	395+	374
MOSERBAER – (402.65)	Buy CASH / FUT AT 401 – 407	426+	394
TATA STEEL – (592.25)	Buy CASH / FUT AT 290 – 293	627+	585

Good Luck,

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