The Mid-day assesment:

The markets today as expected are range bound due to to the shortage of some shrill news from the corporate sector. The first quarter results which are normally bad at this time of the year were compartively good specially in case of some companies. The software and Auto ancilliary sectors are expected to do well in the coming days. Today Metal Stocks are also doing well.

Buy / Sell / Hold:

Helios & Matheson Software compay Ld->Hold with a Stop loss of Rs.169 Garnet Construction Ltd--->Hold with a SL of Rs.39 Rana Sugars Ltd--->Exit if it cannot conquer Rs.32 JBF Industries Ltd--->Since the first target has been achieved partial profit and keep the remaining for long term with a SL of Rs.89. J K Cements---> Since the first target has been achieved book partial profit and keep the remaining for long term with a SL of Rs..135 Tips Industries Ltd--->Book partial profits and keep holding the rest with a SL of Rs.24 Cipla Ltd--->Since the first target has been achieved keep holding the rest with SL of Rs.242

Samkrg Piston and Rings Ltd--->One of the finest companies in the Auto Ancillliary space. The company is benefiting from the exports initiatives it did last year. The company came up with an and enviable EPS in the June, 2006 quarter. Should move above Rs.100. The company is looking good on the charts.

Technicals that are found in daily charts:

MACD--->Buy mode

Moving averages--->Buy mode

Stochastics-->Strong Buy mode

Bollinger Bands->Not in buy mode

Candle Stick--->Buy mode

Hence keep on buying at this price.

The stocks there were mentioned with dotted lines could not retain the buy specifications and hence abandoned.

Best wishes,

Suman Mukherjee

India.