Technical Report : JPHYDRO : 10.04.2008 : Medium Term Buy

[K.Karthik Raja]

Jaiprakash Hydro-Power Limited
Segment: EQ
NSE Code: JPHYDRO
Paidup Value 10
Face Value: 10
Market Lot: 1
ISIN Code : INE351F01018
Listing Date: 18-APR-2005

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JPHYDRO is looking strong in the charts.It is consolidating in a range
of 46-51 levels in last

few week trading sessions.Delivery position is increasing daily says a
potential volume may

drive the stock for Mid Term investment.The Investors are advised to
accumulate the stock in the

range of 50-60 levels for an Medium term target of
65/70/76/83/96 .JPHDRO has the Strong support

@ 45-48 levels.
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Today Stock Movement

High: 59.40 Low: 56.10
Open: 56.10 Value: 51.03 Cr.
Volume: 8722777 10-day Avg. Vol: 5233995
Circuit Filters For Next Day: No Circuit Filters
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STOCK PERFORMANCE
52-Week Range (Low - High) : 29.80 - 143.40
7.01% in 1 Week
2.00% in 1 Month
78.30% in 1 Year
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Moving Average for the JPHYDRO
SMA-7: 55.31 SMA-13: 54.16 SMA-26: 56.76 SMA-50: 66.85
SMA-200: 74.01
EMA-12: 55.54 EMA-26: 59.00 EMA-50: 67.69 EMA-200: 71.58 MACD:
-3.46

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Other Indicator:
Volume (last/ 5 day average): 8723000 / 5057000
- 5 day RSI: 74 - no indication.
- 14 day RSI: 49 - no indication.
- Williams % R(14): 95 (summation factor 100)
- Average Directional Index ADX: 31

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F & O UPDATE As on 9th April 2008
Current month futures for JPHYDRO closed at 59.05 (Rs. 0.30 PREMIUM)
with a turnover of Rs.

56.82 Crores.Adds 356250 shares(3.79%) in open interest pushing the
open interest to 9759375

shares
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Commentary For Trading/Invesment:
2 day swing: Buy given @ 56. Hold with SL 54
5 day swing: Buy given @ 57. Hold with SL 51
20 day swing: Buy above 68.
Medium Term Investment : Buy around 50-60 levels For the target
76/83/96
All long positions in the stocks should be protected with a stop loss
placed below
mentioned levels on a closing basis.