Technical Report:GUJALKALI :10.04.08 :INVESTMENT BUY

[K.Karthik Raja]

Gujarat Alkalies and Chemicals Ltd.
Segment: EQ
NSE Code: GUJALKALI
Paidup Value 10
Face Value: 10
Market Lot: 1
ISIN Code : INE186A01019
Listing Date : 07-AUG-1997
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GUJALKALI is looking better in the charts.It is consolidated and
recovered from the dangerous

level of 130-140 and now trading in a range of 150-160 levels in last
few week trading

session.And Also witnessed increase in the Delivery volume gives
additional support.Chart of

GUJALKALI shows Potential for the next upward movement.The Investors
are advised to accumulate

the stock in the range of 150-170 levels for an Long term target of
180/210/260 .GUJALKALI has

the Strong support @ 128-136 levels.
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Today Stock Movement
High: 165.00 Low: 160.45
Open: 160.45 Value: 1.15 Cr.
Volume: 70149 10-day Avg. Vol: 168223
Circuit Filters For Next Day: No Circuit Filters
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STOCK PERFORMANCE
52-Week Range (Low - High) : 119.50 - 273.85
7.18% in 1 Week
10.99% in 1 Month
10.65% in 1 Year

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Moving Average for the GUJALKALI
SMA-7: 154.66 SMA-13: 148.83 SMA-26: 148.82 SMA-50: 158.39
SMA-200: 168.74
EMA-12: 152.65 EMA-26: 153.27 EMA-50: 161.77 EMA-200: 168.73
MACD: -0.62

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Other Indicator:
Volume (last/ 5 day average): 70000 / 103000
- 5 day RSI: 83 - overbought.(Still It has potential)
- 14 day RSI: 60 - no indication.
- Williams % R(14): 97 (summation factor 100)
- Average Directional Index ADX: 20

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F & O UPDATE As on 9th April 2008
Current month futures for GUJALKALI closed at 164.90 (Rs. 0.75
PREMIUM) with a turnover of Rs.

3.26 Crores.Adds 56000 shares(2.68%) in open interest pushing the open
interest to 2143400

shares
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Commentary For Trading/Invesment:
2 day swing: Buy given @ 150. Hold with SL 153
5 day swing: Buy given @ 150. Hold with SL 146
20 day swing: Buy with SL 128.
Medium Term Investment : Buy around 150-170 levels For the target
180/210/260
All long positions in the stocks should be protected with a stop loss
placed below
mentioned levels on a closing basis.


K.Karthik Raja
Research