Market Guidance for 7th August 2006

Dear All

The last two trading sessions proved that the indices weakness to break its resistance at 11000/3200 . Market will be bearish today , due to strong neagtive global cues . There will be high volatility . In the downside sensex may touch 10600 in couple of days & nifty may touch 3090 in same period.

Stock to watch : ABB - Short term target Rs.2800

I wont be online today because i going out today. Call me if anything important.

Regards.,
Muthu Kumar.K