Market Guidance for 31st August 2006

Dear All frnds,

The market will have extreme have extreme volatality today as today is the expiry for August F&O contracts . We can see a profit booking at higher levels & range bound activity will be witnessed today also . Avoid taking any positions in F&O . Today banking stocks looks attractive because of RBIs releasing statistical data yesterday.

Buy Sndicate Bank above 77 with target of 79.50 / 81 and stop loss at 75.50

Happy trading !!!!!!!!!!!!!!!

Regards.,
Muthu Kumar.K
kmk_most@rediffmail.com