Market Technicals for the week ending 19th October

Indian Markets Technicals

Both Nifty & Sensex have become strong at these levels. The trend for
fresh buying positions will continue if the markets trade beyond 5326
& 18183 . There are chances that Nifty may move 446 - 447 points up &
Sensex may move 1322 - 1323 points up. There are chances of a weekly
movement of around 1095 points & 3110 points in Nifty & Sensex
respectively.

If the markets sustain above 5651 & 19080 levels, then they will try
to touch 5874 & 19741 levels.

On the other hand, market has a weak support at 5103 & 17522 because
the markets may further fall down to 4777 & 16626 levels from this
point due to panic selling & profit booking which can act as a strong
support.

Intraday Market Technicals for 16th October

Both Nifty & Sensex have very strong at these levels. There are
chances that Nifty may open 79 - 80 points down & Sensex may open 165
- 166 points down from where it will try to touch 5762 & 19261. There
are chances of an intraday movement of around 525 points & 1140 points
in Nifty & Sensex respectively.

If the markets sustain above 5762 & 19261 levels, then they will try
to touch 5853 & 19463 levels.

On the other hand, market has a weak support at 5499 & 18690 because
the markets may further fall down to 5328 & 18323 levels from this
point due to panic selling & profit booking which can act as a strong
support.

US Markets Technicals

Both Dow & Nasdaq have become a bit strong at these levels. The trend
for fresh buying positions will continue if the markets trade beyond
14040 & 2799 . There are chances that Dow may move 479 - 480 points up
& Nasdaq may move 69 - 70 points up. There are chances of a weekly
movement of around 1065 points & 150 points in Dow & Nasdaq
respectively.

If the markets sustain above 14332 & 2840 levels, then they will try
to touch 14572 & 2875 levels.

On the other hand, market has a weak support at 13800 & 2764 because
the markets may further fall down to 13507 & 2722 levels from this
point due to panic selling & profit booking which can act as a strong
support.

US Markets Calls

Petrohawk Energy Corporation engages in the acquisition, development,
production, and exploration of oil and natural gas properties in North
America. It owns interests in Elm Grove/Caspiana field in Bossier and
Caddo parishes of north Louisiana; Terryville field in Lincoln Parish,
Louisiana; the West Edmond Hunton Lime Unit in Oklahoma County,
Oklahoma; Fayetteville Shale in Van Buren and Pope counties; Woodford
Shale in Arkoma and Ardmore basins; and Lime wells and Travis Peak
wells in east Texas. The company also owns interests in the Lions
field in Goliad County, south Texas; Austin/Mission Rosario fields in
Austin and Mission Rosario, south Texas; La Reforma and Nabors fields
in Starr County, Texas; Gueydan field in Vermilion Parish; Winchester
prospect in Wayne County, Mississippi; Waddell Ranch field in Crane
County, Texas; the TXL field in Ector County, Texas; the Sawyer Canyon
field in Sutton County, Texas; and the Jalmat field in Lea County, New
Mexico. As of December 31, 2006, it had total proved oil and natural
gas reserves of approximately 1,076 billion cubic feet of gas
equivalent, consisting of 31 million barrels of oil, condensate, and
natural gas liquids; and 889 billion cubic feet of natural gas.
Petrohawk Energy was founded in 1997 and is based in Houston, Texas.

Buy Petrohawk Energy Corp. at current levels with a medium-term target
of 20.95 & with a stoploss/ average below 17.60 .

Derivatives Calls

Futures

Buy Nifty Futures at current levels with a target of 5867.90 & with a
stoploss/ average below 5599.55.

Buy Cummins Futures at current levels with a target of 457.20 & with a
stoploss/ average below 428.65.

Options

All Index Options are over-valued, so we recommend to avoid generating
fresh positions.

Sell Triveni 120 CA at current levels with a target of 1.55 & with a
strict stoploss above 4.10.

Sell JP Hydro 95 CA at current levels with a target of 0.45 & with a
strict stoploss above 1.60.

Long Term Delivery Calls

Buy Great Eastern Shipping at current levels with a target of 670.55.

Buy Great Offshore at current levels with a target of 1147.65.

Medium Term Delivery Calls

Buy KS Oils with a medium-term target of 101.05 & with a stoploss/
average below 77.80.

Short Term Delivery Calls

Buy Guj. NRE Coke with a short-term target of 120.05 & with a
stoploss/ average below 94.70.

It will be my pleasure to build a strong relationship with you.

I look forward for your response & suggestions regarding my research.