WEEKLY VIEW

Market Level………………….

· BSE SENSEX (17834) 17536-17650-17778--17920-18048-18155 First target 18048

· NSE NIFTY (5352) 5302-5325-5342--5367-5400-5435 First target 5400

Stock to watch for next Week…………..

STOCK                                            SL                               TARGET

ABAN OFFSHORES LTD (867)   844                               881-904-930

ABG SHIPYARD LTD (259)         245                               263-272-277

AXIS BANK LTD (1270)            1245                               1275-1295-1318

DLF LTD (296)                              285                                 305-316-325

RELINFRA (1173)                       1145                                1185-1199-1225

TATA MOTORS LTD (771)        750                                   776-784-795

TATA STEEL LTD (496)             479                                    505-512-526

Hot Call for next week…………………

1. ICICI BANK (872)          855                                      880-891-907
2. HINDALCO (149)          142                                      150-154-159

         Rally to gain momentum above 150

WEEKLY VIEW Last Week was………………. ·         Markets turned volatile once again with indices witnessing see-saw movements of one day up and the next day down for most part of the week. Indices closed on a weaker note as compared to the last week. ·         Both Sensex and Nifty closed the month above the January 2008 close and on Quarterly basis the close was higher than March 2008 levels. Market Level…………………. ·         BSE SENSEX (17461) Support seen @ 17395--17164.  Resistance stands @ 17630-17778 ·         NSE NIFTY (5237) Support seen @ 5207-5176. Resistance stands @ 5285-5325. Stock to watch for next Week………….. STOCK                         SL                    CMP           TARGET ACC                             852                   860               865-875-888. AXISBANK                    1215                1237              1257-1275. BHEL                            2370                2390              2435-2458 SBI                               2230                 2265             2292-2355 TATASTEEL                   460                 475              479-487-496                                                                        (Re enter only above 479) Hot Call for next week………………… ·         ONGC(1305) KEEP STOP LOSS OF 1275 NEXT TARGET 1325-1357-1384. ·         RIL(1068) KEEP STOP LOSS OF 1045 NEXT TARGET 1078-1092-1116.