DAILY REPORT FOR 6 DECEMBER, 2006

NIFTY: - Open 4001 High 4033 Low 4001 Close 4016

Supp 4000/3980/3962 Res 4035/4050/4066

20 EMA 3910, 50 EMA 3771, 100 EMA 3601

P/E 21.51 P/B 5.13 Adv 21 Dec 29 Vol Rs 8799.39 Crs

SENSEX: - Open 14028 High 14028 Low 13906 Close 13938

Supp 13880/13830/13760 Res 13995/14070/14144

20 EMA 13558, 50 EMA 13054, 100 EMA 12415

What happened on Tuesday:-

Markets opened very strong on positive global cues and remained in the green the whole day. Sensex touched the psychological mark and a milestone 14000 yesterday first time in the history of Indian Stock markets. TISCO did very well yesterday with a 5% gain. Other gainers were Jet Airways, RCOM and IPCL. Zee Telefilms lost more than 3%. Tata power, Guj Amb Cem were other losers on Nifty.

What shall we witness on Wednesday:-

The rally should continue as long as we remain above 4000. Metal stocks look interesting. Nalco, SAIL, TISCO can give good returns in short term.

Where's the money:-

Tisco(493):- The stock has lowest P/E in Sensex stocks. Some serious value buying must have emerged during yesterday's trading. On charts also the stock looks good. It can be bought for target around 550-560 in short term. Investors looking for value can also buy.

Hind Petro(291):- The stock should target 310-315 levels in next 4-5 trading sessions. SL can be kept around 280.

Thermax(393):- It looks like this stock has broken out on charts. It can target 425-440 levels. SL can be kept around 369.

http://rishtrader.blogspot.com/

Disclaimer: These recommendations are based on the theory of technical analysis and personal observations. This does not claim for profit. I am not responsible for any losses made by traders. It is only the outlook of the market with reference to its previous performance. You are advised to take your position with your sense and judgment. I am trying to consider the fundamental validity of stocks as far as possible, but demand and supply affects it with vision variations.

http://www.businessstandard.com/bsonline/storypage.php?leftnm=11&bKeyFlag=IN&autono=18271 NALCO mulling smelter, power plant in Indonesia

DAILY REPORT FOR 1 DECEMBER, 2006

NIFTY: - Open 3929 High 3973 Low 3929 Close 3955

Supp 3930/3905/3885 Res 3980/3998/4020

20 EMA 3876, 50 EMA 3741, 100 EMA 3576

P/E 21.18 P/B 5.08 Adv 23 Dec 27 Vol Rs 12725.13 Crs

SENSEX: - Open 13631 High 13745 Low 13631 Close 13696

Supp 13630/13560/13520 Res 13750/13820/13870

20 EMA 13443, 50 EMA 12947, 100 EMA 12324

What happened Yesterday:-

Markets opened very strong as expected but there wasn’t much activity intraday. The major indices tested lows around 2.15 pm but recovered in ending hours due to short covering and ended up 26 points on Nifty. GAIL was the highest gainer on Nifty. It gained 4% and saw good buying at closing hours. Other gainers were HDFCBank and tech stocks like TCS, Wipro. Hind Petro, Ranbaxy, BPCL were losers on the Nifty.

What shall we witness on Friday:-

We have come out of F&O pressures for November month and now we should look forward to December series into which good roll-over has already taken place. Now we should see exactly what lies ahead as we won’t have repercussions of F&O unwinding. Sensex and Nifty are not participating in good rallies even if global markets are performing well from last 2 days. That may be a cause of concern on the index front but stock-specific action will continue. Cash stocks should see good action as people having nifty-based positions may shift to cash stocks on account of uncertainty about the Index. Being stock-specific is advised.

Stocks like Ceat, Aurobindo Pharma, Thermax, Larsen & Toubro look good.

Where’s the money:-

BHEL(2506):- Support 2490 Buy with SL 2468 for target of 2530/2550.

Ceat(128):- Buy given around 120 last week for target of 140. Now after reaching target of 140, it has corrected to 126. Here we can buy again with SL of 117 for target of 158-162. Mid term target can be around 180 also.

Thermax(381):- Buy for target of 410/450 Support 373/365

Atul(132):- Buy with SL of 122 and target 155-160.

NTPC(147):- Buy with SL 144 for target of 149/152

http://rishtrader.blogspot.com/

LT (1380)STRONG BUY Target rs.2000-2065 in 3-4months the Stock is near its all time High rs.1454 breaking which we would see the stock moving up at a faster pace in case of panic the stock can come till 1280-1320 which would make it an attractive buy.

Disclaimer: These recommendations are based on the theory of technical analysis and personal observations. This does not claim for profit. I am not responsible for any losses made by traders. It is only the outlook of the market with reference to its previous performance. You are advised to take your position with your sense and judgment. I am trying to consider the fundamental validity of stocks as far as possible, but demand and supply affects it with vision variations.