MURUGAVEL

JSTAINLESS - Breakout 178 ; Targets 196, 218 ULTIMATE 267 SIEMENS - Marching towards 1790-1880

DIVISLAB - Marching towards 1580 , 1880

STOCKS - Close Price (28 Sep. 07) ALBK - 108 ANANTRAJ - 1510 ANDHARABANK - 105 ARVINDMILL - 62 BSL - 25 D-LINK - 77 GAMMONIND - 462 HINDOILEXP - 112 INDIACEM - 291 IGL - 129 INDORAMA - 63 INDSWFTLTD - 29 KANORIACHEM - 97 KECINFRA - 29 MUKANDENGG - 33 NOCIL - 36 PIRAMYDRET - 64 RENUKA - 706 SPIC - 25 SYNDIBANK - 92 UTTAMSTL - 47

ABAN 3965 ABIRLANOVA 2014 ACC 1712 ALBK 136 ANDHRABANK 126 APIL 1194 APTECH 496 AXISBANK 823 BANKINDIA 346 BEML 1546 ICICIBANK 1215 IDFC 168 INDIACEM 365 IOB 175 J&KBANK 966 LICHSGFIN 346 LT 3223 MARUTI 1266 NAGARCONST 334 PETRONET 108 PRAJIND 381 RCOM 718 YESBANK 255

RENUKA - Support 660 Breakout 745 Target 920 and 1040

GNFC - Breakout 145 Target 160 Ultimate 212

IDBI - Breakout 131 Target 144 ULTIMATE 212

REL - Breakout 820 Target 1023 ULTIMATE 1276

ABB - 1175 ACC - 1090 AIRDECON - 150 ALOKTEXT - 70 APIL - 794 ARVINDMILL - 53 BEL - 1750 BHEL - 1900 CROMPCREV - 311 DENABANK - 61 EDUCOMP - 2990 FINANTECH - 2575 HCC - 143 IDBI - 130 IFCI - 69 INDUSIND - 57.5 JETAIRWAYS - 834 MAHASEAMLES - 624 MPHAIS - 309 NAGARCONST - 211 NEYVELILIG - 88 RELIANCE - 1950 RNRL - 49 RPL - 120 SAIL - 168 SESAGOA - 1965 STROPTICAL - 231 VOLTAS -154

DEEPAKFERT - 105 ESABINDIA - 495 GSFC - 227 MURUDCERA - 119 NATINLSTEEL - 26 PETRONENGG - 199 SUPPETRO - 26

CHAMBLFERT - Ultimate Target 66-70

LAST 11 sessions, Markets in a bumpy ride. This kind of rollercoaster ride still more to come in coming days. BUT IT IS A NOT BEAR MARKET. As is often the case, the longer the bull market the deeper the corrections become and that's exactly what we are seeing at the moment.

LICHSGFIN - (194) HOLD 4 TO 6 MONTHS

GITANJALI - Marching towards 340-350

ALEMBICLTD - Breakout 82 Target 92 ULTIMATE 116 IBREALEST - Breakout 420 Target 500 & 596 PNC - Breakout 94 Target 117 & 157

ADLABS - Breakout 575; Target 658 AUROPHARMA - Breakout 750; Target 1025 BANKINDIA - Breakout 215 ; Target 300 IDFC - Breakout 115 Target 152 JPASSICIAT - Breakout 755; Target 1045

Stocks (close-04may07) - Support/Breakout AMTEKINDIA(166) 175 APOLLOTYRE(318) 305 BIRLAJUTE(244) 230 INDOTECH(330) 320-310 INOXLEISURE(128) 123 MUDRA(73) 74 SCI(227) 205 SIEMENS(1196) 1225 SOLECENT(280) 290

The Following F&O stocks may have a good upside potential(either spike or full rise) in MAY 2007: ACC BATAINDIA BEL BHARATFORG CANBANK CENTURYTEX CORPBANK CROMPGREAV CUMMINS DIVIS FEDERALBANK GESHIP GMRINFRA GUJAMCEM HCLTECH INDIACEM IVRCL J&K BANK JPASSOCIATE KOTAKBANK LITL M&M MARUTI MCDOWELL MPHASIS NTPC PARSVNATH RCOM SBIN SUNTV SUZLON TTML TVSMOTOR ULTRACEM UTIBANK VOLTAS

Stocks (Close-27/4/07) Support Price ADORWELD (234) 229 AMTEKINDIA (167) 153 APOLLO TYRE(316) 316 ASIANELEC (534) 505 BILT(115) 111 BONGAIREF(47) 45 CYBERMEDIA(107) 102 GUJALKALI(145) 134 IOB(117) 108 LANABS(162) 158 ORIENTBANK(214) 205 PNB(502) 480

The following stocks looks even better above the said (F&O)price: BANKNIFTY 5625 BHARATFORG 328 BHARTIAIRTEL 827 CORPBANK 309 CROMPGREAV 215 DIVISLAB 3557 GMRINFRA 390 ICICIBANK 916 JINDALSTEL 2665 JSTAINLESS 138 LUPIN 680 MAHSEAMLES 537 MPHASIS 331 NDTV 354 ONGC 938 RELCAPITAL 738 RENUKA 470 TATASTEEL 518

JYOTISTRUC - Breakout 195 Target 214 / 238

Based on the 2006-07 results, Forcast for 2007-08 : UPSIDE Best 2700(worst in best 2460) DOWNSIDE Worst 1650 (best in worst 1750)

ABIRLANOVA 1052 AMAR 35-37 ADLABS above 444 CEAT 108 EXIDE 40-42 FINANTECH above 2000 GLAXO 1130 GMRINFRA 360 KALPATPOWER 1129 KEI 72 PANTALOONR above 410 PBAINFRA 85 PRITHVI 270 SPSL above 318-320

NIFTY - As such Bottomed out at 3555 It get more confirmed, If it is CLOSE above 3714

SKUMARSYNF - Support 74-76 Target 112

ENGINERSIN (552) LIBERTSHOE (159) ORCHIDCHEM (232) ORIENTINFO (18) REPRO (142) REVATHI (675) TATASPONGE (115)

CRISIL - Above 2400 Target 2812 ULTIMATE 3121 ESABINDIA - Above 435 Target 485, 510 HELIOSMATH - Breakout 176 Target 204-214 KOTAKBANK - Marching towards 590 REIAGRO - Breakout 220 Target 273 ULTIMATE 387 STERTOOLS - Breakout 110 Target 137-144 SUVEN - Breakout 145 Target 180 ULTIMATE 235

NIFTY - Marching towards 4161, 4298, 4436

ADLABSFILM - Breakout 475 Target 521 ULTIMATE 762 ASIANELEC - Breakout 580 Target 636 ULTIMATE 910 BHARTIARTL - Breakout 653 Target 718, 750 GEOMETRIC - Breakout 135 Target 148 ULTIMATE 197 GODAVRFERT - Breakout 114 Target 142 ULTIMATE 196 HAVELLS - Marching towards 590 ICICIBANK - Breakout 925 Target 1016, 1078 INGERRAND - Breakout 390 Target 435, 550 KALECONSUL - Breakout 141 Target 195, 236 KALPATPOWR - Breakout 1060 Target 1164 ULTIMATE 1568-1616 MAHSEAMLES - Breakout 484 Target 532-543 MTNL - Breakout 167 Target 186 NAHARSPG - Breakout 315 Target 410 , 550 NATCOPHARM - Breakout 168 Target 184 ULTIMATE 255 POLARIS - Marching towards 240, 260-270 RCF - Breakout 46 Target 60, 70 RELCAPITAL - Breakout 640 Target 704 ULTIMATE 1160 RELIANCE - Breakout 1316 Target 1446 SESAGOA - Marching towards 1775 ULTIMATE 2420 TITAN - Breakout 895 Target 985 ULTIMATE 1286