Daily Market Outlook : 12th May 2008 (Monday)

Market has closed the week below critical levels and looks weak. Since market has closed for five days consecutively in the red, we may test the supports and then the market may stage a small relief rally. BUT use any rally to go short.

Critical Support for the Sensex at 16418 and Nifty in the zone of 4925-4877.

Sensex Support 16620-16567-16418. Resistance 16898-17092-17178.

Nifty Support 4956-4920-4877. Resistance 5022-5077-5112.

Free Indian Stock Tips

1. Recap:Bombay Dyeing gave a profit of 2600, Cairn gave a profit of Rs 480, Assam Company gave a profit of Rs 250, Reliance Capital, Bajaj Hindustan, GMR Infra did not reach entry price.

2. Indian stock market news: Some news may be in offing in respect of Orchid as Ranbaxy as a tortoise has accumulated 14.72% through Solrex and is almost near the trigger point where it might have to make an open offer for Orchid or one never knows it has more percentage through its group companies.

3. Strong Future Stocks:

Praj Indus
Uniphos
Wipro
Sesa Goa
Tata Steel
Cairn
Maha Seamles
BRFL
Corp Bank
SCI

4. Weak Future Stocks:

Ultra Cements
Shree Cements
ACC
India Cement
Rel Capital
Grasim
RNRL
Sobha
BHEL
BPCL

5. Intraday day trading tips:

Buy Cairn India>275.1,284,294 sl 269.5
Buy Assam Company>27.75, 28.80, 30.75 sl 24.9
Buy GMR Infra>150.20, 153.50, 158.90 sl 146.4
Buy Bombay dyeing>933.25, 980.40 sl 925

5. IPO Update:Gokul Refoils AND Anu's Labs are two average ipo and one can invest the money in fundamental stocks as suggested at
www.smartsharemarket.blogspot.com

Premium Market

Latest Grey Market Premium Dt. 12-5-2008

Company Name	Offer Price (Rs.)	Premium (Rs.)	Kostak (Rs. 1 Lac.)
Gokul Refoils	175 to 195	8 to 10	1500 to 1600
Anus Laboratories	200 to 210	18 to 20	1700 to 1900

Public Issues (IPO) Dt.: 12-5-2008

Company Name	Open Date	Close Date	Issue Size	Offer Price	Rating	Recomm.
Gokul Refoils & Solwent Ltd. (Book Building)	8-5-08	13-5-08	7158392 Shares (Rs. 139.5 Cr.)	175 to 195	39 %	High Risk Low Return
Anus Laboratories (Book Building)	12-5-08	15-5-08	3820000 Shares (Rs. 80.22 Cr.)	200 to 210	40 %	Average

Speculative Scrips

Pick of the week

Buy fast growing company
BIHAR TUBE (590059)

CMP : 161.00 Stoploss: 145,

Short term target: 175, Long Term Target: 200

Company Name	CMP	Company Name	CMP
Assam Company	27.10	Mysore Cement	36.60
Kadamgiri Syn.	63.00	Indsill Electro	78.00
MRPL	91.00	Mawana Sugar	27.00
ITDC	99.00	Apcotex	55.00
GVK Power	52.00	Futura Poly	30.00
Gold Stone Infra	55.00	Tanfac Ind.	62.00
Cellestial Labs	42.25	RCF	71.00
Paramount Comm.	32.00	Deccan Gold	45.25

Tremendous Performance of our Last Recommendations:

(From Intra Day High Rate)

Aro Granite (+3), Shalimar Paints (+5), Gwalior Chemicals (+7), MRO Tek (+3),

Futurea Poly (+3), GE Cap. Trans (+5)

Funda-Picks

Company Name	Recomm.	CMP
Tata Tele	Buy	34.00
TIL	Buy	396.00
RCF	Buy	71.45
DCM Shriram Consolidated	Buy	63.55
GHCL	Buy	86.50
Geodesic Information	Buy	200.00
India Glycol	Buy	327.00
Cosmo Films	Buy	110.00
Jyoti Ltd.	Buy	87.00
Sintex	Buy	444.00
Praj Ind.	Buy	193.00
Bartronics	Buy	216.00
Sunil Hitech	Buy	270.00
LIC Housing	Buy	342.00
IDBI	Buy	102.20
NTPC	Buy	191.80
Kamanwala Housin	Buy	505.30
Bihar Tube	Buy	161.00
Premier Ind.	Buy	157.00
Jai Balaji	Buy	371.00
Autoline Ind.	Buy	253.00
SEL Man.	Buy	453.00
Dhanush Techno	Buy	260.00
Blue Star	Buy	450.30
Chennai Petro	Buy	350.80
Zylog System	Buy	269.40
Tata Metalics	Buy	175.00
Ansal Housing	Buy	143.00
TNPL	Buy	101.30

Company Name	BSE Code	CMP	Stoploss	Target
Bharat Rasayan	590021	71	65	90 to 110
Celestial Labs	532871	43	40	50 to 60
Flex Foods	523672	28	26	30 to 34
Gulf OIL	506480	128	115	140 to 160
Hariyana Ship	526931	41	35	55 to 70

Terrific Performance of our Last Recommendations:

(From Intra Day High Rate)

Moser Baer (+3), IFCI (+3), TIL (+12), PTC (+5), GVK Power (+2), UCO Bank (+2)

Reliance Power (+12), M. M. Forging (+2), Surana Ind. (+4),

Rathi Ispat (+1), Electro Therm (+2), Praj Ind. (+3), Tata Sponge (+3)