Sensex Undertone Bullish.....

Today market opened on a positive note at 8280 and ended
257 points positive at 8480. Overall market was under the
Bulls grip covering the losses of previous two days sessions.
On sensex there were advance of 1891 scrips and 697 scrips
declined with a sensex turnover of 3137 crore. Nifty sept
futures were in the buying mood it looked like there are
still many short positions to be covered,with coming
thursday to be the closing session for September future
contracts.Overall the market looks bullish with the sensex
having a next resistance of 8521 and support at 8423.
Sensex major movers were:
1>Reliance 4.68% up.
2>Rel.Cap 5.95% up.
3>SBI 2.85% up.
4>Satyam 4.72% Up.
5>ITC 4% Up.
6>Tisco 3.5% Up.
7>Infosys 3.5% Up.
8>Maruti 4.5% Up.

Trading calls for the Intraday:

Script	Call	CMP	Target	StopLoss
BAJAJ AUTO	BUY	1626	1680	1601
BHARAT ELECT	BUY	761	777	745
CHAMBAL FERT	BUY	40.4	42	39
CHENNAI PET.	BUY	252	264	244
FINOLEX IND.	BUY	80	84	77.5
GUJ.AMB.CEM	BUY	73	75	71
HINDALCO	BUY	151	157	147
LUPIN LTD.	BUY	775	794	764

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