Reli

Futures Focus Report FOR PRIVATE CIRCULATION ONLY

13 February 2007

Ranbaxy(800)

A Chance Buy

LTP: Rs.409.20

Ranbaxy, after declining from a high of Rs.446 to a low of Rs.395.20, has recovered partially to a level of Rs.427.65. At the current price of Rs.409.20, it is trading in 1C ZONE i.e. all the averages are in BULL PHASE and the current price is between medium term and long term averages. Buy around Rs.404 with a stop loss below Rs.398 in close for a conservative upper target of Rs.421 and an optimistic target of Rs.426. Holding period can be 5-6 days. Buy in

small lots as it is an under performer against NIFTY. Follow the price target or time target whichever hits earlier.

Satyam Comp(375)

A Chance Bu y

Satyam Comp, after improving from a low of Rs.455.25 to a near double top high of Rs.517090, has reacted on partial profit taking to a level of Rs.461.05. At the current price of Rs.465, it is trading in 1C ZONE i.e. all the averages are in BULL PHASE and the current price is between medium term and long term averages. Buy around Rs.461 with a stop loss below Rs.454 in close for a conservative upper target of Rs .484 and an optimistic target of RS.492. Holding period can be 6-7 days. Buy in small lots as it is an under performer against the NIFTY.

LTP: Rs.465.00

Siemens(375)

A Chance Buy

LTP: Rs.1125.80

Siemens , after improving from a low of Rs.1033 to a high of Rs.1250, declined on some tired bull liquidation to a level of Rs.1124. At the current price of Rs.1125.80 it is trading in 5E ZONE i.e. short term average has moved The above the medium term average which in turn remains below the long term average and the I.e. short term average has moved above the med current price is placed below all the averages. Buy around Rs.1110 with a stop loss below Rs.1090 in close for a conservative upper target of Rs.1190 and an optimistic target of Rs.1205. Holding period can be 7-8 days.

TCS(675)

A Chance Buy

LTP: Rs.1251.60

TCS, after improving from a low of Rs.1205 to a recent NEW HIGH of Rs.1375, has reacted on partial profit taking to a level of Rs.1247. It appears to have exhausted its short term selling force. At the current price of Rs.1251.60, it is trading in 1C ZONE i.e. all the averages are in BULL PHASE and the current price is between medium term and long term averages. Buy around Rs.1235 with a stop loss below Rs.1215 in close for a conservative upper target of Rs.1292 and an optimistic target of Rs.1305. Holding period can be 7.8 days. Buy in small lots as it is an under performer against the NIFTY.

DISCLAIMER: This document has been prepared by Religare Securities Limited, Mumbai and is to be used by the recipient and

not to be circulated. The information provided should not be reproduced, distributed or published, in whole or in part without The daily chart of Finolex shows that prior permission from the company. The information and the opinions contained in the document have been compiled from source believed to be The company does not warrant its accuracy, completeness and correctness. This document is not s broken above areliable. “rectangle” pattern and should not be construed as an offer to sell or solicitation to buy any securities.

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