* NIFTY/ SENSEX ! Nifty - Bounce Back from Crucial Support - Further Decline only if moves below 4140, Rising Oil Price Likely to favour Bears in most sectors - Select IT Stocks Mildly Bullish

* I F C I ! On Verge of Bullish Breakout - Close above 50.50 will Target 55-56 in Coming Sessions

* STEEL AUTHORITY ! Buy on Every Decline for Technical Rally to 135.5-136 / Highly Oversold in Hourly Charts

* HINDALCO ! Minor Resistance @ 155 - Bullish Crossover with Volumes to Target 164-165

* SATYAM COMP ! On Verge of Highly Bullish Breakout - 2 Close above 485 will Target 525+ in Coming Sessions

* SREI INT. ! Bullish Breakout in Hourly Charts - Use Corrective Declines to Buy with SL for Target of 112

* RIL ! Bearish Targets of 1665 Achieved BUT ES Term Charts favour further Decline to 1620 in Coming Days

* IB REALEST ! Enters Oversold Zones - Ripe for Technical Recovery to 397+

* ZEE TELE ! All Indicators favour Decline to 270 - Use Pullback towards 300 for Short Term Profit Booking

* PRAJ ! Short Term Charts in favor of Rise to 550+ / Corrective Decline towards 525 may be used for Buying

* PATNI COMPUTER ! All set to Cross 600+ in coming Days with Minor Resistance at 572

* W I P R O ! Mildly Bullish Indications - Indicators favour rise to 575+ in coming Sessions

* RAIN CALCI ! Shirt Term Bearish Target of 42, given at 47 Achieved - Ripe for Technical Recovery to 45.50

* TATA MOTORS ! EST Bullish Target of 720-725 Maintained - Buy on every Decline with SL

* MPHASIS ! Bullish Breakout in Daily Charts - Another Close above 325 will Target 350+ in Few Days

* HCL TECH ! Extremely Short Term Charts favour Rise to 365+ / Buy on Every Decline with SL

* CENTURY TEXT ! Bearish Breakout in Short Term Charts to target 530 / Recovery to 605-610 Likely

* PNB! Short Term Indicators still Bearish / Charts favour further Decline to 490 in Near Term

*MOSER BAER ! Bullish Pattern in Making - Close above 436 will Target 450+ in Few Hours

* B H E L ! Crucial Support at 1325 - Bearish Breakout will Target 1270 in Coming Days

* CUMMINS ! All Indicators favour Rise to 345+ in coming Days - Buy on Every Decline to support of 320 with SL

* A C C ! Highly Oversold in Extreeme Short Term - Buy Gradually on Declines with SL for Target of 740+

* TV TODAY ! Extreme Short Term Charts favour Technical recovery to 153 / Buy on Corrective Declines with SL

Recommendations for 08.06.2007

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). Satyam (Fut) : Buy 1000 Shares (500 at opening if Stays above 485 + 5x100 at Fall of every Rs2/- ) in ` Investment A/C` . Target 525+ Avg SL Rs12/-.

2). Cummins : Buy 2000 Shares (1000 at opening @ Prv Close + 5x200 at Fall of every Rs2/- ) in ` Investment A/C` . Target 345+ Avg SL Rs10/-.

3). PNB(Or Fut) : Sell 1000 Shares (500 at opening @ Prv Close + 5x100 at Rise of every Rs2/- ) in ` Trading A/C` . Target 495 Avg SL Rs12/-.

4). Guj NRE Coke : Sell 3000 Shares (1500 at opening @ Prv Close + 5x300 at Rise of every Rs0.5/- ) in ` Trading A/C` . Target 55 Avg SL Rs2/-.