Stock outlook

I F C I ! Bearish Indications in Intraday Charts - Likely to Decline to 45 and 42 in coming Sessions
I V R C L INFRA ! Bearish Breakout in Hourly Charts - Use Pullnback to Book Profit to Re-Enter below 280
M T N L ! At Crucial Support - Close below 146 will Wipe Off Rs10/- in Near Term
TATA STEEL ! Fails to Cross the Short Term Resistance - Indicators favour further Decline to 530
HIND OIL !Bullish Breakout & Whipsaw / Fresh Buying only if Closes above 100 for Target of 110
PARSVNATH ! Short Term Indicators in favour of Decline to 280 in coming Days - Use Every Rise to Book Profit only
HINDALCO ! Cruciual Support at 144 - Bearish Breakdown will Target 137-138 in Few Hours
SBI ! Intraday Bearish targets achieved - Close below 1070 may wipe Off another Rs80/- in Few days
RANBAXY ! Bearish Indications in Short Term - Indicators favour decline to 365 in Few Days
POLARIS SOFTWARE ! Bearish But Highly Oversold in extreme Short Term - Technical Pullback to 170 on Charts
BONGAIGAON REF ! Mildly Bearish in Extreme Short term - Likely to Decline to 47.75-48 in Near Term
KOTAK BANK ! Extreme Short Term Charts in favour of decline to 520 - Use Pullback to Book Profit Only
PUNJ LLOYD ! On Verge of Bearish Breakout - Close below 182 will Target 170 and below in Next Few Days
PRAJ IND ! Heading for 440+ in coming Sessions - Use every Rise to Book Short Term Profits
G M INFRA ! Target of 422 Given at 445 Achieved - Charts favour further Decline to 400
MARUTI ! Indicators favour Decline to 775 - Use Pullback move towards 815-820 for Profit Booking
H T MEDIA ! On Verge of Bullish Breakout in Daily Charts - Another Close above 198 will Target 215-218 in Few Days
UNIPHOS ! Highly Oversold in Extreme Short Term Charts - Buy gradually on Declines with SL for target of 312+
RENUKA SUGAR ! Bearish Breakout in Extreme Short term Charts - Book Profit on rallies for Short Term Targets of 447-448

Positional Call. Declines are buy. Rally are sell.

Hind Oil Short Term If Close>100+SL 110-112 09.05.07
IVRCL Short Term On Rally+SL 280
Polaris Short Term On Declines+SL 170
Maruti Short Term On Rally+SL 775
HT Media Short Term If Close>198+SL 215+
Ranbaxy Short Term On Rally+SL 365
Patel Engg Short Term If Close>370+SL 415-417
GM Infra Short Term On Rally+SL 400
Uniphos Short Term On Declines+SL 312+
Praj Ind Short Term On Rally+SL 440
Renuka Sugar Short Term On Rally+SL 448-450

Recommendations for 09.05.2007

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). Renuka Sugar (or Fut) : Sell 1000 Shares (500 at opening @ Prv Close + 5x100 at Rise of every Rs2/- ) in ' Trading A/C' . Target 458.Avg SL Rs10/-.
2). Kotak Bank : Sell 1000 Shares (500 at opening @ Prv Close + 5x100 at Rise of every Rs2/- ) in ' Trading A/C' . Target 520.Avg SL Rs10/-.
3). Ranbaxy (or Fut) : Sell 1000 Shares (500 at opening @ Prv Close + 5x100 at Rise of every Rs2/- ) in ' Trading A/C' . Target 365.Avg SL Rs10/-.
4). HT Media : Buy 1500 Shares (700 at opening if stays above 200 + 4x200 at Fall of every Rs1/- ) in ' Trading A/C' . Target 215.Avg SL Rs10/-.

Every Call has to be traded with a SL. Stop losses are clearly given.