Next resistance at 4300, is expected tomorrow.
Pentamedia, Satyam to have rally

In our weekly analysis, we had suggested downward trend at Wipro and NIIT and exactly the same trend has been observed. Today Wipro declined by Rs. 10.60 in spite of strong rally at most of the sectors. Similarly NIIT remained at Rs. 1796. We suggest partial profit booking at both the counters. and shift to Aptech,( Rs. 453.70), Pentamedia Graphics, Pentasoft Technology, and Satyam.
Satyam was being eyed by the operators since long. The company is having huge orders for software exports which can span for next two years. the scrip is now being pushed towards Rs. 500 mark in the medium term.
though Himachal Future shot up to Rs. 1520, we suggest partial profit booking and shift to Global Tele which is expected to touch Rs. 1500 mark in the next few weeks.
Hughes Software have negligible down ward risk. Hold for the timebeing. Kale which touched rs. 128 is expected to remain sideways. Mastek has weak upward thrust and may be avoided. Though Aftek touched Rs. 1060,, further accumulation may be avoided. DSQ today scaled yo Rs. 500 but gains are expected to be marginal. HCL Info at rs. 252 is being eyed by the traders. Downward risk is negligible. KLG systel at Rs. 101 is due for profit selling.
We suggest fresh positions at sonata, Tata Info, tata elxi and PSI Data . Silverline is strongly suggested yet at the current price cautious approach is recommended. Downward risk at the counter is negl igible and hence long positon may be takenup. We are bullish about SSI now at Rs. 1793. the scrip is expected to touch Rs. 2000 in the few sessions.
 
HLL still remained lacklustre,
Book profits at ITC
The speculative interest today pushed up the sensex and most of the FMCG scrips also witnessed strong rally. HLL however remained sideways to end at Rs. 192.20 We suggest to pick up the scrip since next target price is Rs. 225 in the few sessions. However profit booking may be considered at ITC now at Rs. 873. Though Rs. 900 is the next target, profit selling may be considered.
Britania, Colgate, & Nestle are expected to remain sideways. We had suggested profit booking at Dabur.
Reckit at Rs. 270 has very low downward risk. We suggest to accumulate the scrip which has strong potential to gain.
Smithkline Consumer moved up to Rs. 432 yet the rally is still weak. After remaining sideways for the timebeing, the scrip is expected to cross Rs. 500. Hold. tata Tea is expected to witness profit booking. Both hotel stocks are due to strong rally. short selling may be avoided. Mc Dowell is expected to cross Rs. 100 in the next few sessions. Hind.lever Chemicals, Vashisth and Henkel Spic are good buys from short term angle.
No strong rally yet expected at pharma counters,
yet start accumulating.
The pharma scrips are the next target for the speculators. the scrips have solid potential from the long term angle, yet the rally is expected to take some time before real start. We suggest to start picking up Ranbaxy, Glaxo, Pfizer, , sun Pharma and Burrough Welcome at the current price. However from medium term angle Nicholas is the best buy. The scrip at Rs. 372 has relatively negligible downward risk but good potential for Rs. 100 rise,. Dr. Reddy`s mya be avoided at around Rs. 1450 whereas Wochkart at Rs. 424 is expected to touch rs. 500 in the next few sessions . Hold.
Strong spurt expected at ICICI & State Bank
The trend at bank scrips is not too strong.Yet we are highly bullish about state Bank and suggest to develop long positions at the current valuations. Today`s spurt at HDFC, HDFC Bank is considered to be illusionary and we suggest to curtail long positions/holdings. ICICI however is expected to cross Rs. 110 in next few sessions.Hold
Reliance expected to spurt
but book profits

RReliance management today declared that it will hike FI investment limit to 40% and the traders expect strong rally on Tuesday. Yet during this spurt, partial profit booking may be considered. Reliance Petro is not expected to keep momentum. Cautious approach is desirable. IPCL has crossed Rs. 72 and now further investment is not at all suggested by us.

Zee touched Rs.322.75. Book profits
Zee as expected today crossed Rs. 320 level and now we suggested to play a cautious game. The scrip is expected to witness profit selling at the next spurt. We suggest to book profits . Similarly Essel Packaging is expected to show downward trend. Fresh investment may be avoided. TV -18 today was up to Rs. 416. Marginal gains are expected yet we suggest to avoid the scrip for the timebeing. Upward thrust is quite limited. We suggest to book profits at Mukta and Tips whereas partial profit booking only may be considered for Balaji Tele. VSNL and MTNL are expected to moved marginally upward.
Tisco expected to touch Rs. 135, Book profits at Sterlite.
Tisco today remained sideways and closed at Rs. 129 whereas Sterlite declined at expected to Rs. 175.25. At the current valuation, Sterlite is still high priced and we suggest to book profits at the counter and shift to Indo Gulf , a Aditya Birla froup company. Indogulf is expectee to cross Rs. 60 in the short term from the current price of Rs. 47.65
Hindalco is expected to touch Rs. 900 in the medium term yet sharp gains are ruled out. No need for urgent profit booking. indal and Nalco are expected to show small gains
Profit booking at cement counters must be selectively considered.
 We had suggested profit booking at ACC and the scrip today lost Rs. 2.75 inspite of strong rally at most of the counters. Similarly Madra cement also declined by Rs. 22 to end at Rs. 5140.
We suggest to pick up Gujarat Ambuja cement now at Rs. 158.70 and Grasim at Rs. 271.Both the counters have strong upward trend in the next few sessions and to be on safer side , downward risks are negligible. India Cement is expected to remain stagnant
Though the cement manufacturers are getting ready for the next round of price-hike, and ACc is expected to move slowly towards Rs. 170, the pace is quite slow and shifting to fast-growth scrip is expected to give higher returns. .
Century, Trent may be picked up
We easrnestly suggest to pick up Century Textiles and Tata Chemicals at the current valuations. Similarly Trent has quite high bullish note and short term traders are expected to gain.though Kesoram is moved up , profit booking may be considered. Avoid Bata and Philips in spite of today`s upward thrust. .