Market Guidance for 18th August 2006

Dear All,

As i predicted , yesterday bullish sentiment prevailed & profit booking at higher levels tumbled the market & made the indices close flat . Similair story could happen today also . Extreme volatility can be witnessed in todays market . Try to avoid over trading & stay in a range bound trading . Stocks to watch for today Glenmark Pharma & Reliance .

Buy Glenmark at 345 & target 354/359 , Relaince could move up atleast 2% today.

Dont Overtrade . Happy investing .

Those who interested in stock specific guidance can mail me kmk_most@rediffmail.com . I dont charge anything for this .

Regards.,

Muthukumar.K