Market Guidance for 4th August 2006

Dear All,

Yesterday was an absolute action packed day as sensex soared 175 pts intraday & closed at 49 pts in green . This is due to the news that England commercial Bank has decided to raise the interest rates . But the sugar pack held strong even during the profit booking. It gives us a clear message that lot of upside will been in this counter today also .

The market remains bullish today due to strong global cues & will continue to test the 11000 levels today also. Buy Dhampursugar above 110 with a target of 117/124 with stop loss at 103. Buy Balrampur Chinni above 97 with a target of 103/108 with stoploss at 93.

Regards.,

Muthukumar.K