Market Guidance for 1st Septembr 2006

Dear All frnds .,

Hope u made some money in my yesterdays call on Syndicate Bank . As i predicted profit booking at higher levels brought down the indices slightly . Market is showing signs of weakness . So a small correction is in the offing . US markets has closed slightly down & asian markets are ttrading weak . Also crude is now near 71$ because of tension in Iraq. These global cues will definitely have an effect on our markets . So it will be bearish today .

Buy Motherson Sumi above 87 target 92/96 stoploss at 84.50


Happy Trading !!!!!!!!!!!!!!!!!!!!!!!!


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