Daily Market Outlook : 20th May 2008 (Tuesday)

Market Sensex and Nifty well positioned just under the 200 dma to take a crack at the Sensex & Nifty higher resistances.

On Tuesday, I will not be available in the morning half. Kindly bear with me. Till then, you can talk to me on my cell.

Sensex Resistance 17543-17639-17735. Support 17370-17315-17256-16859.

Nifty Resistance 5177-5228-5251-5298-5365. Support at 5130-5106-5070.

Premium Market

Latest Grey Market Premium Dt. 20-5-2008

Company Name	Offer Price (Rs.)	Premium (Rs.)	Kostak (Rs. 1 Lac.)
Gokul Refoils	175 to 195	17 to 20	---
Anus Laboratories	200 to 210	40 to 42	--
Niraj Cement	175 to 190	--
Bafna Pharmaceutical	40 (Fixed Price)	--	--

IPO Subscribed

Particular	Gokul Refoils	Anus Laboratories
QIB	2.72	2.93
HNI	6.58	26.97
Retail	5.59	9.64
Employee	1.05	1.0001
Average	4.27	8.43

New Public Issue(IPO)

Reliance Infratel & MCX IPO in JUNE-08

SEBI nods in reliance infratel & MCX IPOs

Both IPOs will come in June 08

Public Issues (IPO) Dt.: 20-5-2008

Company Name	Open Date	Close Date	Issue Size	Offer Price	Rating	Recomm.
Niraj Cement Structural Ltd. (Book Building)	22-5-08	28-5-08	32,50,000 Shares (Rs. 61.75 Cr.)	175 to 190	--	--
Bafna Pharmaceuticals (Fixed Price)	27-5-08	30-5-08	64 Lac Shares (Rs. 25.60 Cr.)	Rs. 40/- (Fixed Price)	--	--

Speculative Scrips

Company Name	CMP	Company Name	CMP
Facor Alloy	12.50	Boingaigaon Ref.	62.00
Nagarjuna Steel	49.00	Willamson Magor	56.50
UP Surge Investment	11.00	Assam Company	37.00
RCF	75.00	Syndicate Bank	77.00
Chambal Fert.	60.00	GSPL	69.00
Tata Tele	36.00	Apcotex	61.00
Tera Software	50.00	Ferro Alloy	28.00
Swan Mills	58.00	Stelco Strips	42.00
Control Print	49.00	City Union Bank	31.60

100 % Success rate of our Last Recommendations:

(From Intra Day High Rate)

Bihar Tube (+2), VBC Ferro (+14), OM Metals (+1), DCW (+2), Jhagdia Copper (+2),

Somany Ceramics (+3), Deccan Gold (+2), Stelco Strips (+2), SAL Steel (+1),

PTL Enterprise (+2), Panyam Cement (+3), Innovatives Foods (+2), Wire & Wireless (+2),

Contech Soft (+2), Chambal Fertliser (+2)

Funda-Picks

Company Name	Recomm.	CMP
Ashapura Minechem	Buy	248.00
RPL	Buy	187.00
IFCI	Buy	62.75
Nagarjuna Fertilizer	Buy	49.00
S. Kumar Worldwide	Buy	113.20
Guj. Apollo Ind.	Buy	251.00
Crompton Greaves	Buy	237.00
Idea Cellular	Buy	110.20
Indian Bank	Buy	144.00
Kolte Patil	Buy	120.00
Sail	Buy	185.90
Zylog	Buy	281.20
Goa Carbon	Buy	92.00
Laxmi Machine	Buy	1644.00
Kamanwala Housing	Buy	133.00
GHCL	Buy	80.00
Torrent Power	Buy	259.00
Dabur India	Buy	99.00
Repro India	Buy	124.00
Elder Pharma	Buy	370.00
Blue Star	Buy	458.00
RPL	Buy	186.00
Nalco	Buy	523.00
Polaris	Buy	109.00
Somany Cement	Buy	77.00
IDFC	Buy	168.00
IRB Infra	Buy	201.00
Patel Airtemp	Buy	64.00
Visu Vius	Buy	208.00
Chowgule STemship	Buy	61.00
Network 18	Buy	257.00
Hind. Rec.	Buy	130.00
Sandur Mag.	Buy	884.00

Company Name	BSE Code	CMP	Stoploss	Target
Jay Ushin	513252	84	80	100 to 125
Ferfield Atlas	520145	59	55	70 to 80
Jindal Poly	500227	220	205	250 to 300
Jindal Photo	532624 / NSE	181	170	200 to 250

100 % Tremendous rate of our Last Recommendations:

(From Intra Day High Rate)

Sail (+16), Texmaco Ltd. (+82), Reliance Power (+5), Bongaigaon Ref. (+6),

Moser Baer (+5), Polaris Software (+3), Balrampur Chini (+2), BASF India (+7),

PNB (+35), Chennai Petro (+4), Unitech Labs (+10), KPIT Cummins (+1)