Market Guidance for Ist August 2006

Dear All ,

Market may open with downside gap because of weak global cues. Moreover Herohonda,an index heavy weight , has come out with disappointing sales figures. This might push this stock down . Market will a recovery around 11 to 11.30 am. But the overall sentiment is bearish. Yesterday we witnessed just before the closing there was a huge profit booking happening . That will continue today also & will keep the indices in red.

Buy Corporation Bank today which has a potential to appericiate atleast 3 to 5 % today.

The closing may be in down side , so trade cautiously.

Regards.,

Muthu Kumar.K