Daily Market Outlook : 22nd February, 2008 (Friday)

NIFTY EXACTLY TOOK SUPPORT AT 5116 AND THEN IT BOUNCED BACK FROM THERE. THE ZONE OF 5100-5120 WILL BE GOOD SUPPORT ZONE.

100% SUCCESS ALL TGTS ACHIEVED AND MANY ACHIEVED THEIR HIGHER OR SECOND TARGETS ALSO. BUT THE HERO WAS UNDOUBTEDLY GTC WHICH ROSE BY 20% !!!! WHAT MORE YOU WANT ???


SENSEX RESISTANCE AT 17835-17911-17991. SUPPORT AT 17648-17486-17265.


NIFTY RESISTANCE AT 5228-5241-5267. SUPPORT AT 5151-5116-5071.

Premium Market

Latest Grey Market Premium Dt. 22-2-2008

Company Name	Offer Price (Rs.)	Premium (Rs.)	Kostak (Rs. 1 Lac.)
Rural Electrification	90 to 105	18 to 20	1900 to 2000
GSS America InfoTech	400 to 440	Discount	---
IRB Infra	185	12 to 15	--
Manjushree Extrusion	45	5 to 7	--
Tulsi Extrusions	85	10 to 12	--
V. Guard Ind.	80 to 85	12 to 15	--

IPO Subscribed

	V. Guard Ind.
QIB	1.74
HNI	2.91
Retail	4.24
Employee	0.85
Average	2.70

New Public Issue(IPO)

Public Issues (IPO) Dt.: 22-2-2008

Company Name	Open Date	Close Date	Issue Size	Offer Price	Rating	Recomm.
Rural Electrification Corp (Book Building)	19-2-08	22-2-08	156120000 Shares (Rs. 1639 Cr.)	90 to 105	48 %	Attractive

Speculative Scrips

Company Name	CMP	Company Name	CMP
Tele Data Informatics	20.50	HMT	83.00
Sayaji Hotel	118.60	Modipon Ltd.	64.00
Nandan Exim	3.78	Panasonic Battery	78.90
Welson Ind.	52.00	R.S. Software	32.60
Com.-U-Lern (India)	26.00	Jumbo Bag	45.00
Exelon Infra	29.80	Rose Invest	6.67

Excellent Performance of our Last Recommendations

(From Intra Day High Rate)

Modi Luft (+2), Parle Software (+8), Infotrak (+2), Refex Refri (+6), Poddar Pigments (+2)

Breaks Auto (+1), Goldiam International (+3)

Funda-Picks

Company Name	Recomm.	CMP
Hexaware Technologies	Buy	79.55
CBOP	Buy	57.00
Jaypee Hotel	Buy	152.35
Tata Elxsi	Buy	207.70
Madhucon Projects	Buy	675.00
IDBI	Buy	112.00
Welspun Gujrat	Buy	318.90
RNRL	Buy	135.85
ETC Network	Buy	252.00
City Union Bank	Buy	38.50
Kaashyap Techno	Buy	3.56
Mega Soft	Buy	116.00
Infotrek Syscom	Buy	60.70
First Source	Buy	56.00
Pudumjee Agro	Buy	146.70

Superb Performance of our Last Recommendations:

(From Intra Day High Rate)

Welspun Gujarat (+5), IFCI (+2), RNRL (+4), SAIL (+2), IDBI (+1),

Zodiac Clothing (+24), Emco (+43), OCL India (+58)

Technical Share

Company Name	Recomm.	CMP
Bajaj Auto	Buy	2410.85
CESC	Buy	504.70
Birla Corp.	Buy	219.65
Tech Mahindra	Buy	698.00
LUPIN	Buy	538.50
Kotak Mahindra	Buy	835.00
Patni Computer	Buy	264.90
Sterlite Techno	Buy	210.85
Satyam Computer	Buy	458.00
Wipro	Buy	431.45
TCS	Buy	918.00

Extra ordinary Performance of our Last Recommendations:

(From Intra day High Rate)

Ranbaxy (+17), Wipro (+19), J. P. Associates (+13), Hexaware Techno (+6), Tisco (+8)

Share Market Stock-Watch

Choppiness may prevailed in

Markets due to weak global signals &

US recession worries

Todays Stock Picks

Company Name	CMP	Company Name	CMP
R.Com	588.90	Hexaware Technologies	79.55
HDFC Bank	543.00	CBOP	57.00
Kalyani Steel	347.90	Jaypee Hotel	152.35
Axis Bank	1001.80	Tata Elxsi	207.70
Jyoti Structure	209.90	Madhucon Projects	675.00
Blue Star	75.00	Tele Data Informatics	20.50
Alstom Projects	723.00	Sayaji Hotel	118.60
Infotek Enterprise	258.00	HMT	83.00
L & T	3458.00	Modipon Ltd.	64.00

Company Name	CMP
R.Com	588.90
HDFC Bank	543.00
Kalyani Steel	347.90
Axis Bank	1001.80
Jyoti Structure	209.90
Blue Star	75.00
Alstom Projects	723.00
Infotek Enterprise	258.00
L & T	3458.00
Simplex Infra	635.00
All Cargo	816.00
HDIL	824.95
Glenmark Pharma	510.00
Gujrat Gas	318.90
HCL Techno	284.00
ABG Infra	618.50
Guj. NRE Coke	168.00
GMR Infra	184.05
Tisco	808.00
G.S. Pharma	597.50
Shipping Corporation	216.95
Suzlon Energy	303.00
Jet Airways	750.00

Fantastic Performance of our Last Recommendations:

(From Intra day High Rate)

TCS (+34), HCL Techno (+13), J. P. Associates (+13), Reliance Power (+7), RIL (+6),

Guj. NRE Coke (+4), VSNL (+16), Renuka Sugar (+26)