* NIFTY/ SENSEX ! Nifty - Heading for Crucial Support of 4028/ Breakout with volumes may wipe off 70-75 Points Bearish BUT Buy Highly Oversold Stocks in Panic for 1-2 Days Only
* MARUTI UDYOG ! Bearish Breakout in Daily Charts - Indicators favour Decline to 765 in Near term
* NEYVELLI ! Bearish Pattern in making - Another Close below 63 will Wipe Off Rs5/- in Few Days
* RANBAXY ! Overbought in Extreme Short Term - Book Part Profit to Re-Enter below 370
* MPHASIS ! Crucial support at 310 - Bearish Breakout with Volumes may Target 285
* CANARA BANK ! Locked in Triangle Pattern - Move of Rs10/- Likely beyond 216 and 225
* J P ASSOCIATES ! Heading for 550-555 in coming Days / Use Pullback move to 590 for Profit Booking only
* TATA POWER ! Bearish Breakout in Extreme Short Term - Indicators favour Decline to 550 in Few Days
* STEEL AUTHORITY ! On Verge of Bearish Breakout - Close below 133.50 may wipe of Rs6.5-7 in Few Sessions
* IVRCL INFRA ! Highly Overbought in Extreme Short Term - Use Higher Levels to Book Profit to Re-Enter below 296
* INDIABULLS ! Strong Support @ 530 - Bearish Breakout with Volumes to Target 500
* RELIANCE CAPITAL ! Bearish Indications in Extreme Short Term - Likely to Decline to 765 in Near Term
* RELIANCE IND. ! Strong Support @ 1572 / Bearish Break to Target 1525 Else Recovery to 1595 on Charts
* H C C ! At Crucial Support at 94 / Bearish Breakout to Target Rs6/- in Near Term
* N D T V ! Highly Oversold in Hourly Charts - Buy Gradually on Declines for Recovery Target of 365
* ZEE LTD. ! Bearish Breakout in Daily Charts - Book Profit on Higher Levels to re-enter below 260
* I P C L ! Mildly Bearish in Short Term Charts - Move below 312 to target 304-305 in Few Hours
* SHIPPING CORP. ! Bearish Indications in Extreme Short Term - Book Profit to Re-Enter below 215 in Near term
* A C C ! Bearish Indications in Short Term Charts - Book Profit at Higher Levels to Re-Enter Below 825

Positional Calls. Declines are buy. Rally are Sell

11.05.07 NDTV Short Term Buy in Panic+SL 365+ 11.05.07 SAIL Short Term If Close<133+SL 127
11.05.07 Nifty Spot Short Term Buy in Panic+SL 4084-4095 11.05.07 Mphasis Short Term If Close<310>300+SL 325/340
11.05.07 Reliance Short Term If Close<1572+SL 1525 11.05.07 Rel Cap Short Term On Rally+SL 765

Recommendations for 11.05.2007

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). GVK Power : Buy 1000 Shares (500 at opening in Panic + 5x100 at Fall of every Rs2/- ) in ' Trading A/C' . Target 410.Avg SL Rs12/-.
2). Tele Data : Buy 5000 Shares (2500 at opening in Panic + 5x500 at Fall of every Rs0.5/- ) in ' Trading A/C' . Target 70.Avg SL Rs3/-.
3). ZEEL : Sell 1000 Shares (500 at opening @ Prv Close + 5x100 at Rise of every Rs1/- ) in ' Trading A/C' . Target 260.Avg SL Rs8/-.
4). SAIL (Or Fut) : Sell 3000 Shares (1500 at opening if Stays below 133 + 5x300 at Rise of every Rs1/- ) in ' Trading A/C' . Target 127.Avg SL Rs3/-.