Market Guidance for 8th August 2006

Dear All,

As i told u yesterday bearish sentiment prevailed throughout the day. Today crude has been trading above 76$ per barrel. US markets closed in red & the asian markets are trading mixed . The Fed reserve is going to take decision on Interest rate hike today night . so nervousness continuous across all markets. There is no single factor that can take our market upside . We can witness a lot of sideways movement today & there is a possibility for the market to move upside in the last one hour trading . I recomend u to trade cautiously .

Rolta has given a positive break out , we can see a 10-12% upside in couple of days . Maintain a stop loss at 166.

Regards.,

Muthukumar.K