Indian Markets Technicals

Both Nifty & Sensex have become a bit strong at these levels. The
trend for fresh buying positions will continue if the markets trade
beyond 4517 & 15597 . There are chances that Nifty may move 129 - 130
points up & Sensex may move 454 - 455 points up. There are chances of
a weekly movement of around 255 points & 920 points in Nifty & Sensex
respectively.

If the markets sustain above 4582 & 15831 levels, then they will try
to touch 4647 & 16058 levels.

On the other hand, market has a weak support at 4453 & 15370 because
the markets may further fall down to 4388 & 15136 levels from this
point due to panic selling & profit booking which can act as a strong
support.

Intraday Market Technicals for 17th September

Both Nifty & Sensex have become a bit weak at these levels. There are
chances that Nifty may open 18 - 19 points up & Sensex may open 61 -
62 points up from where it will try touch 4564 & 15762. There are
chances of an intraday movement of around 145 points & 510 points in
Nifty & Sensex respectively.

If the markets sustain above 4564 & 15762 levels, then they will try
to touch 4610 & 15921 levels.

On the other hand, market has a weak support at 4490 & 15506 because
the markets may further fall down to 4462 & 15409 levels from this
point due to panic selling & profit booking which can act as a strong
support.

US Markets Technicals

Dow have become strong wheras Nasdaq have become a bit strong at these
levels. The trend for fresh buying positions will continue if the
markets trade beyond 13318 & 2583 . There are chances that Dow may
move 403 - 404 points up & Nasdaq may move 57 - 58 points up. There
are chances of a weekly movement of around 1055 points & 150 points in
Dow & Nasdaq respectively.

If the markets sustain above 13644 & 2630 levels, then they will try
to touch 13846 & 2659 levels.

On the other hand, market has a weak support at 13116 & 2555 because
the markets may further fall down to 12790 & 2508 levels from this
point due to panic selling & profit booking which can act as a strong
support.

US Markets Calls

Taseko Mines Limited engages in the exploration, development, and
production of mineral properties in Canada. It holds interests in the
Gibraltar copper mine located near Williams Lake, British Columbia;
the Prosperity gold-copper property, which consists of 196 mineral
claims covering the mineral rights for approximately 85 square
kilometers in the Clinton Mining Division in south central British
Columbia; and the Harmony gold project located on Graham Island, Queen
Charlotte Islands, British Columbia. Taseko Mines was founded in 1966
and is based in Vancouver, Canada.

Buy Taseko Mines Ltd. at current levels with a medium-term target of
6.15 & with a stoploss/ average below 3.45.

Derivatives Calls

Futures

Buy Nifty Futures at current levels with a target of 4610.00 & with a
stoploss/ average below 4472.00.

We continue to be bullish on our Calls on Federal Bank, Bindal Agro,
DLF, Tata Motors & GTL Futures.

Buy Rajesh Exports Futures with a target of 804.50 & with a stoploss/
average below 696.50.

Options

Buy 4700 CE with a target of 45.55 & with a strict stoploss below
7.25.

Buy 4600 CE with a target of 76.25 & with a strict stoploss below
35.25.

Buy IDBI 145 CA with a target of 5.05 & with a strict stoploss below
1.85.

Buy IDBI 150 CA with a target of 3.45 & with a strict stoploss below
0.85.

Long Term Delivery Calls

Buy Axis Bank at current levels with a target of 1099.25.

Buy Ballarpur Inds. at current levels with a target of 221.80.

Medium Term Delivery Calls

Buy McLeod Russel with a medium-term target of 76.95 & with a
stoploss/ average below 53.55.

Short Term Delivery Calls

We recommended a buy on H...@2111.05 on 07.09.2007 with a target of
2238.35 which was achieved on 14.09.2007.

Buy Radico Khaitan with a short-term target of 215.80 & with a
stoploss/ average below 183.10.

It will be my pleasure to build a strong relationship with you.

I look forward for your response & suggestions regarding my research.