The rally set off a week earlier appears to be continuing. We need to see what impact the CRR news has on the
trends and how much is the influence of the global markets. The flow of results this week will be an important factor
in determining the sentiment. A bottoms up approach seems to be more sensible way of playing the markets as
stock specific moves rather than sector driven trends are likely to be seen. News and events will play an important
part in determining the stock selection so readers are advised …

Chambal Fertilisers & Chemicals, a part of the K.K. Birla group, is a diversified conglomerate having interests in
fertilizers, phosphoric acid, agri-inputs & seeds, agri-biotechnology, textiles, information technology, food processing
and shipping. It is also India’s largest producer of Urea in the private sector.
Attached below is the monthly chart of this counter. Looking at it we can see that prices having formed a nice, primary
rounding pattern during September 2005, slipped into a tight lateral consolidation phase as they were unable to stage
a breakout from the pattern then. Moving sideways, prices kept making …

Motilal Oswal Fin. Services is one of the
leading broking services offering a wide range from
equities, commodities, mutual funds, PMS, etc. It has
branches all across India and also owns a strong
fundamental research arm. Moving to the technical
picture, we note that prices were seen in a strong
uptrend immediately after its listing in Sep 2007.
Hitting its high in Jan 08 around 2270 levels, the prices
were seen reversing its trend. This downtrend hit the
prices so hard that it even went on to break its listing
low and was seen settling at a low of around …

Avaya Global Connect provides services of software
integration, installation, commissioning and service
support. It also diversified into manufacturing multiple
access radios and point-to-point digital radios and
manufactures voice processing systems, digital
paradigm exchanges. From the technical picture, we
note that the stock had been on a consistent down
trend since Dec 2005 and every rise was seen as an
opportunity to sell. Having moved to its recent low
around 147 levels, it shifted into a sideways phase,
trying to consolidate near the lows. In the attached
daily chart, we see that the recent surge was seen
with prices moving out of its …

Triveni Engg (116.05)
One of the sectors that witnessed a good buying
activity in the last week was the sugar sector. Following
footprints of some of the leaders, this one is also
seen making all the possible efforts of showing some
upward signs. This activity has helped the prices to lift
themselves from the recent low of 90 and move up a
good distance. The pick up from this low had been
forming a lateral phase, forming a strong valuation
around 114-115 levels.
After several failed attempts prices last session finally
managed to give a breakout from the above mentioned
valuation resistance …