Review of Dec 23rd Recommendations

Intraday Trading Tips For 02.01.2008

Buy Ramsarup Industries abv 273 T1 278 T2 283 SL 270

(Update: It crossed all the Tgts and HOD 292)

Europe and US Market

Europe and the US markets will reopen on 3rd Jan . Oil at 96$ up 41 cents

2007 saw remittances jump 50% chasing equities, real estate - prices, rising interest rate differentials and the rupee A robust capital account swamped the current account deficit, pushing up RBI forex intervention to US$34.8bn last year . Looking ahead to the robust BOP figures released yesterday - our view remains that rupee negatives are mounting - a rising oil import bill, softer exports and rich valuations. RBI's March 2007 anti-inflationary strong -rupee policy appears to have been given up by YVR post the Ben- cut inflows with inflation softening . We expect RBI to continue to limit FDI/ECB's /PN flows going forward - should the " anticipated flows/ fresh allocations for 2008 " rev up - most vulnerable Banks/ Real estate.

FOMC minutes today. The first in the region to report fourth-quarter figures is Singapore clearly indicating growth contraction and a view as to how the U.S. subprime-mortgage crisis and turmoil in global markets will affect Asia's expansion and the " de-coupling theories". South Korea and Taiwan have already warned that easing demand for semiconductors, mobile phones and computers portends weaker growth in 2008.

The yen at 111.71 keeps Asian markets weak- Nikkei closed . Looking to Singapore lower GDP numbers - reality check on Asia from today ?

Sideways trading -southside bias . Selective buildup ahead of Q3 results.

Review of Dec 23rd Stock Recommendations

New Year Wishes

ON THIS NEW YEAR I WISH EVERYONE A PEACEFUL, PROFITABLE, PROSPEROUS AND PROGRESSIVE 2008.

ALL THE BEST

Harshavardhan

Share Market Updates

As per provisional data, foreign institutional investors (FIIs) purchased shares worth a net Rs 653.76 crore, while domestic institutional investors (DIIs) were net buyers of shares worth Rs 166.69 crore on Friday, 28 December 2007.

FIIs were net sellers to the tune of Rs 476.93 crore in the futures & options segment on Friday, 28 December 2007. They were net sellers of index futures to the tune of Rs 241.45 crore and bought index options worth Rs 868.65 crore. They were net sellers of stock futures to the tune of Rs 1,104.76 crore and bought stock options worth Rs 0.63 crore.

Calls of The Day, Given to Premium Members

Buy LICHSG around 370 T1 377 T2 382 Sl 365 ( HOD 387.90)

Buy Rcom abv 736 T1 742 T2 747 Sl 731 (HOD 754.00)

Buy GMR @ 249/250 T1 257 T2 261 SL 246 (HOD 253.95)

Buy SCI @ 312 T1 319 T2 323 SL 309 (HOD 224.80)