Daily Market Outlook : 3rd April, 2008 (Thursday)

MARKET OPENED WITH A HUGE GAP AND TESTED OUR NIFTY RESISTANCE LEVEL 4916 YESTERDAY AND CAME DOWN. FOR TODAY MARKET IS EXPECTED TO BE CHOPPY.

YESTERDAY ALL THE STOCKS STRIDES, BOMBAY RAYON, ABB, RPL, MRPL, RIL, AEGIS LOGISTICS, ALLIED DIGITAL & ADLABS REACHED THEIR RESP TARGETS !!!

SENSEX RESISTANCE AT 15784-15986-16095-16236. SUPPORT AT 15626-15561-15362.

NIFTY RESISTANCE AT 4807-4830-4864-4916, SUPPORT AT 4703-4676-4628.

Premium Market

Latest Grey Market Premium Dt. 3-4-2008

Company Name	Offer Price (Rs.)	Premium (Rs.)	Kostak (Rs. 1 Lac.)
Gammon Infra	167	10 to 15	--
Sita Shree Food Pro.	30	5 to 8	--
Titagarh Wagons Ltd.	540 to 610	15 to 20	--
Kiri Diys & Chemicals	125 to 150	14 to 15	--

IPO Subscribed

	Titagarh Wagons	Kiri Diys & Chemicals
QIB	10.36	0.78
HNI	2.76	1.35
Retail	0.97	2.38
Employee	0.07	--
Average	6.75	1.43

Speculative Scrips

Company Name	CMP	Company Name	CMP
Steel Strips Wheels	174.70	Sathvahana Ispat	48.30
Tempation Food	165.00	Spice Communication	33.90
RAJ Tele	132.84	Specialty Paper	57.75
Kilburn Engg.	44.25	Aero Granite	123.00
Universal Luggage	68.50	Tips Ind.	133.20
H B Stock Holding	43.80	H B Portfolio	136.55
Global Vec.	78.00	Manakshia	82.00
Classic Diamond	74.00	Ankit Metal	75.00
Fiem Ind.	81.55	Haldian Glass	78.00
Atul Atuo	67.00	Addi Ind.	5.86
Metrochem	45.00	N. G. Ind.	49.00
GMR Ind.	83.00	Deccan Gold	44.00

Excellent Performance of our Last Recommendations:

(From Intra Day High Rate)

Spice Communication (+3), Aps Opti (+1), Cubex Tubing (+2), Rama News Print (+2),

Shree Precoted (+2), Malwa Cotton (+2)

Funda-Picks

Company Name	Recomm.	CMP
Tata Tele	Buy	28.20
Voltas	Buy	178.70
Essar Shiping	Buy	170.00
RPL	Buy	165.00
Bank of India	Buy	281.65
NTPC	Buy	194.00
Praj Ind.	Buy	140.00
Electro Therm	Buy	427.45
Cera Sanitary	Buy	125.00
Welspun Gujarat	Buy	375.00
India Cement	Buy	190.45
Kalyani Steel	Buy	224.00
Tata Sponge	Buy	248.00
GATI	Buy	175.00
Subhash Projects	Buy	331.00
Cinevistaas	Buy	9.31
Bang Overseas	Buy	139.00
Chemfab Alkalies	Buy	84.55
G M Breweries	Buy	88.55
Ramco Ind.	Buy	737.00
Hind Copper	Buy	260.20

Company Name	BSE Code	CMP	Stoploss	Target
Goldiam International	526729	57	50	80
Shivalik Bimetal	513097	21	19	25

Superb Performance of our Last Recommendations:

(From Intra Day High Rate)

RPL (+1), Power Grid (+4), REC (+4), Dhampur Sugar (+2), Essar Oil (+1),

Stering Biotech (+3), Essar Shipping (+15), IOB (+3), DIBI (+3), Anshal Infra (+8)

Technical Share

Company Name	Recomm.	CMP
Tata Power	Buy	1187.05
Hero Honda	Buy	737.00
Ultratech Cement	Buy	800.55
Mastek	Buy	312.25
TVS Motors	Buy	35.00
ICICI Bank	Buy	784.00
Sun Pharma	Buy	1237.00
Rolta	Buy	270.00
Moser Bear	Buy	156.00
HDFC	Buy	2470.00
GSS America	Sell	623.00
Bajaj Holding	Sell	653.00

Extra ordinary Performance of our Last Recommendations:

(From Intra day High Rate)

MTNL (+2), TCS (+17), ACC (+8), Grasim (+25), Satyam Computer (+7),

Dr. Reddys (+7), M & M (+17)