KALPATARU TECHNICALS
(Branch of Kalpataru Investment Consultants)
C-106/B, KALKAJI, NEW DELHI - 110019 (INDIA)
Tel.: 011- 6295595, 6479472, 6470276- Mobile: 98111-11353
Inquiries and Suggestions from outside Delhi region may be mailed to
[email protected]

Technical Analysts and Portfolio Advisors

Real-Time (Online) Trading
Recommendations for Short-Term
Traders/ Investors

Daily Newsletter with Technically Analysed
Recommendations for Short to Medium Term
Traders and Investors

India's First Technical Analysts to provide Real-Time (Online) Trading Recommendations since 1998

WINNERS OF ASIA-PACIFIC AWARD

Daily Newsletter Best Suited to Short to Medium Term Investors and Traders

Market Strategy as on 10th JUNE 2002

"Rs.10 Lac-Portfolio"
(For Short to Medium Term Investors cum Traders)

The "Rs.10 Lac- Portfolio" (+) 158.31% in 61 weeks
(See weekwise performance of Portfolio at the bottom of the page)

In last 61 Weeks (421 Days) since the inception of "Rs.10 Lac-Portfolio", while
BSE Index has Declined by 10.01%, our Portfolio has already appreciated by 158.31%
and we are confident it will continue to outperform the Stock Market in future also.
( Check Bottom of Page for Transaction Details of last Week)
( See our Daily Newsletters for Fresh Recommendations)

On-Line Recommendation Portfolio(**) gains
430.78% in 43 Months ( 120.21% p.a. )

Get Instant Real Time Buy/ Sell Recommendations on your
Mobile Phone (SMS) during Trading Hours any where in the world

NAV(**) of our On-Line Recommendation Portfolio (Which was started on
Oct.26,1998 and Weekly Transaction details are given below under
"Review of our on-line recommendations of Last week")
has appreciated by 430.78% in last 43 Months i.e. 120.21% p.a.
(**NAV given every Month)

WHAT THE CHARTS HAD FORETOLD

* INVESTORS / TRADERS !
CONTROL YOUR VOLUMES
WAR LIKE SITUATION CAN CHANGE TECHNICALS
(FROM KTP310502)

* INFOSYS !
CAUTION FOR BULLS
AT CRUCIAL SUPPORT- BREAK MAY WIPE OFF Rs.500/-
(FROM KTP290502)

* DIGITAL !
WEEKLY CHARTS INDICATE FURTHER DECLINE
EXTREME SHORT TERM RECOVERY NOT RULED OUT
(FROM KTP240502)

* VISUAL SOFT/ HINDUJA/ MASTEK/
GEOMETRIC / AFTEK/ INFOTECH !
WEEKLY(*) CHARTS EXTREMELY BEARISH
BUT HOURLY CHARTS IN FAVOUR OF CORRECTIVE RALLY
{(*) EFFECT OF WEEKLY CHARTS COMES AFTER SEVERAL WEEKS)}
( MED.TERM INVESTORS MAY BOOK PROFIT ON EVERY RALLY TO
RE-ENTER AT MUCH LOWER LEVELS IN COMING WEEKS)
(FROM KTP200502)

* APOLLO HOSPITAL !
BEARISH BREAKOUT BELOW 'RISING CHANNEL'
SELL ON PULL BACK-STRONG SUPPORT AROUND 115-125
(FROM KTP200502)

* KPIT !
USE EVERY RISE TO BOOK PROFIT-TARGET 125-130
(FOR MEDIUM TERM INVESTORS)
(FROM KTP200502)

* II RUND 'ICE' STOCKS
LIKELY TO CRASH FURTHER AFTER RECOVERY
(FROM KTP210502)

* BATA INDIA !
STILL HIGHLY OVERSOLD-ON VERGE OF BREAKOUT
(FROM KTP270502)

* INDO RAMA !
HEADING FOR 40-45 IN FEW WEEKS
OVERBOUGHT IN SHORT TERM/ BUY BETWEEN 15-20
(FROM KTP030602)

WHAT THE CHARTS FORETELL NOW
(FOR INVESTORS)

INVESTORS/ TRADERS !

DO NOT MIX-UP YOUR INVESTMENT/TRADING STRATEGIES
ANY SHARE BEARISH FOR INTRA-DAY TRADING MAY BE BULLISH FOR
SHORT TERM BUT AGAIN BEARISH FOR MEDIUM TERM OR VICE-A-VERSA

* WAR FEARS !
SENTIMENTS RULE OVER TECHNICALS

*14 WEEKS OVER !
HISTORICALLY NO INTERMEDIATE WAVE
HAS LASTED FOR MORE THAN 15 WEEKS
(WILL HISTORY BE REPEATED UNDER CLOUDS OF WAR ?)

* INFOSYS !
BEARISH DOWNWARD BREAKOUT FROM 'TRIANGLE'
LIKELY TO AFFECT OTHER 'ICE' STOCKS
(FROM KTP030602)

* UNBIASED CAUTION ADVISED
AFTEK/ DIGITAL/ FUJITSU/ GEOMETRIC/
HCL INFO/ HUGHES/ JAIN STUDIO/ KPIT/
MASTEK/ NIIT/ SATYAM/ SUBEX/
TIPS/ VISUAL/ ZEE
(ALL ABOVE SHARES HAVE BROKEN DOWN FROM CERTAIN PATTERNS
ON 07.06.02, INDICATING FURTHER DECLINE UNLESS THESE BOUNCE
BACK ABOVE THEIR RESPECTIVE SUPPORT LEVELS IN A DAY OR TWO - THERE
IS A POSSIBILITY OF TECHNICAL RALLY IN EARLY PART OF THE WEEK SO
INVESTORS MAY BOOK PROFIT ON SUCH RALLY)

* II RUNG 'ICE' STOCKS !
BEARISH BREAKOUT
(EXPECT SHARP DECLINE IN COMING WEEKS
- BOOK PROFIT ON TECHNICAL RALLY)

*BPCL !
MILDLY BULLISH INDICATIONS

* BEML / SHIP.CORP. !
CORRECTION NOT OVER - USE ANY RISE TO BOOK PROFIT
(MINIMUM TARGETS GIVEN BELOW)

* RASH. CHEM/ BOG. REF !
ROOM FOR FURTHER DECLINE
USE TECHNICAL RALLY TO BOOK PROFIT
(MINIMUM TARGETS GIVEN BELOW)

* UNITED PHOSPHROUS !
STILL OVERBOUGHT - MORE DECLINE ON CHARTS

* WIMCO !
ENTERS OVERBOUGHT ZONES - CAUTION

* I P C L !
HOVERING IN OVERBOUGHT ZONES - BETTER AVOID

* CORP. BANK !
OVERSOLD - TECHNICAL CORRECTION LIKELY

Weekly Bar Reversals
It has been Generally noticed that the Share Prices go 'Above' previous Week's 'Close'
in case of Upward Weekly Bar Reversal and go 'Below' previous Week's 'Close' in
case of Downward Weekly Bar Reversal at least once during the following week.
It is affectively used at the time of Trend Reversals.
(This indicator is reliable to some extent only and should be used for Guidance only)

Upward Weekly Bar Reversal ( For Guidance only)
Colgate, GTB, HDFC Ltd., M&M, MTNL, Sterlite, Tata Tele
Downward Weekly Bar Reversal ( For Guidance only)
Aftek, Digital, Fedral bank, HCL Tech., HDFC Bank, H.Honda, KPIT Sys., Mascot,
Mastek, Mukta Arts, NIIT, Pritish Nandy, Visual Soft, Bongaigaon Ref.,
Hind Org., MRO Tek, Rashtriya Chem, Shipping Corp.

Present Status Of The Market And Future Anticipation

Coming to discuss the deals recommended 'Online' during last 14 weeks (between 28^th Feb 2002 & 6^th June 2002 ) - we have recommended a total of 392 deals (360 on the buy side & 32 on the sell side) out of which 385 deals (378 deals of this period & 7 deals of previous period) have already been booked ( 98 % of these at profit) and N.A.V. has increased by more than 17% during this period while indices have declined by 7.66% on the average during the same period.

Please note that this is the account of a period in which indices have been declining and if we can achieve such reasonable results in this bearish period imagine as to what we can do during the period when indices rise.

1) SHORT TERM TREND (MINOR) :

It continues in ‘Neutral’ mode.

2) MEDIUM TERM TREND (INTERMEDIATE) :

It is giving indications of almost bottoming out. In last week 70 scrips have closed higher as compared to only 13 scrips in the preceeding week ( but av. rise per scrip at 4.97 % is lower than the av. rise per scrip of 5.94 % in the preceeding week) and only 35 scrips have closed lower as compared to 92 scrips in the preceeding week (av. fall per scrip at 2.72 % is also lower than the ave fall per scrip of 5.40 % in the preceeding week), out of 106 scrips we follow regularly;

Last week’s weekly A-D Data is indicating start of a slow technical rally.

3) LONG TERM TREND (MAJOR) :

Confirmation of long term bull phase requires only one more last condition to be fulfilled and that is that indices should go above important intermediate highs of 30^th May 2001 which were 1207 .00 & 3760 .00.

4) REVIEW OF OUR 'ON - LINE RECOMMENDATIONS' OF LAST WEEK:

Last week, on the buy side 34 trades were recommended involving positions equivalent to 96. 25% of the capital (63.75 % on delivery basis) and profit booking was recommended in 35 trades (which included 6 deals of earlier weeks) involving positions equivalent to 105. 57 % of the capital (65. 10 % on delivery basis).

Average Position Per Boked Deal Works out to be - 3.02% of the capital (our target is 5.00%).
Average Profit Per Boked Deal Works out to be - 3.63 % (our target is 3.50%).
Booked Profit on Capital - 3.84 % (our target is 2.50%).

For Day Traders (10.06.2002)

We are giving below the Important Support and Resistance Levels of few most actively traded
scrips of NSE/BSE. The Support/ Resistance levels given are tested for their accuracy and it is
found that these (Sup. 1 & Res. 1 )are reliable only to the extent of 65%-75%.Traders are
advised to read the 'Disclaimer' and use their own judgement before making any trading decision.

FRESH RECOMMENDATIONS
For Extreme Short Term Investors/ Intra-Day Traders

BUYING

SELLING

The Short Term Trend continues to remain fluid. After testing previous bottom of 3100
on 3 occassions, Technicals had started giving indications of "Bottom Out" situation
but market is strongly influenced by various News/ Rumors relating to Indo-Pak border
situation. We have been advising conservative investors to stay away for some time
till situation stabilizes. We have been advising Trades also to remain low-profile
and control their volumes and use strict stop loss.
Many shares have broken down from various Bearish Patterns on
07.06.2002. We are giving herewith the list of such shares with
their Down targets. Investors may use anticipated 'Technical Rally'
to book profit to re-enter at lower levels.

INVESTORS/ TRADERS !

DO NOT MIX-UP YOUR INVESTMENT/TRADING STRATEGIES
ANY SHARE BULLISH FOR INTRA-DAY TRADING MAY BE BEARISH FOR
SHORT TERM BUT AGAIN BULLISH FOR MEDIUM TERM OR VICE-A-VERSA