MARKET REPORT 23 JAN 2008

FED FED FED.. WHR WERE U ALL THE DAYSS ..

WAITING FOR ASIAN MARKETS TO BLLED AWAY ...

That what a small retail investor think if markets make a comeback rally after the breaking decsion by FED to cut rate by 75 basisi point . THe overnight cut of a key interest rate by three-quarters of a percentage point on Tuesday, the biggest one-day move by the central bank in recent memory.The Fed said it was cutting the federal funds rate, the interest that banks charge each other on overnight loans, to 3.5 percent, down by three-fourths of a percentage point from 4.25 percent... so what does that mean ...

In a simple words..

A cut in interest rates will increase the lending capacities of the consumers there by resulting in more spending and more corporate profits and a booming economy. ... may be ..

so the overnight surprizee also did'nt impact much on the DOW jones , yes but it somehow recoverd from its lowss and fed decesion helpd it from making a new bottom ..
We at Indian markets .. cant ruled out a positive openeing

.. but what all we want is a rally so do we get a dream rally .. like our terrible bloodbath ..that we have to see .. but a huge rally as of now .. not visible .. as the sentiments are broken . the blood is spread.. the investors are feared...

The nifty made a bottom at 4450 now and any long carried over shuld be taken over taking that point in mind..

A resistance lies at 5250-80 lvls . if we trade abv that lvls we can see higher lvls of 5500 shortlyy but if markets unable to suatain 5280 lvls we advise to sell of at higher lvls and again enter at 5000 lvls or in below..

The RBI has temporarily allowed banks to increase their ceilings on capital market exposures.. yesterday recovery is def by the action and was in hands of local DII and fund houses when on the acion of govrmnt LIC and other fund houses purchased heavinly on the capital markets.. it may be some near abt 650 cr or more..


NDTV AT THIS price is liked very much ahead of great growth and newz of stake sale can give the momentum.. in this script..keep an eye on that ..

Our mid caps buy like IFCI , IDBI , RPL , CBOP , GTL infra .. are at cheap rates .. frontliners are expected to make the day if happens and ofcourse reliance pack would be the favourite one...

REL .. WILL try to cvr up as fast as . it losses ..also it has bagged the New Delhi-Indira Gandhi International Airport link of the Delhi metro. This another victory for REL which already has Mumbai port project in its kitty. The stimated cost of the project is Rs 4000 crores..

keep an eye on big bullies like lnt , bhel. L&T is in talks with US based defense contractor Lockheed Martin for JV to manufacture Mark 41 Vertical Launching Systems in India..

HDFC Bank is looking to foray into investment banking in the next 3-4 months.. icici and axis are the other two favrts in this sector.......

GHCL is planning to demerge its business into three listed entities.. demerger.. mnss buy ... as what retail investyor think soo...

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