MARKET REPORT 24 JAN 2008

DOW made a dramatic recovery yesterday , i think alsmot all the ppl who have took positions in yesterday trade have undergon a very bad sleep if they were tracking DOW , though our team MONEYGURUS alwayzz track it but we seem to be in habit of doing that ..

wufff wat a recovery it was , after Apple announces its low guidelines and low rate of growth as expected from them , the DOW futrz were trading low , although Europe turned red in later session .. so ppl again started talking Indian market turning red today but the turnaround happened in the last ..
Looks like DOw is now following the Indina bulls ,,, and DOw recoverd 600 points intraday .,,., from its low.. many of the bulls faces turned intoo smileys..

WIth DOw closing almost 300 points of gain ..Investors seems to be waiting for another trigger from the FED meet on 29th , another +ve announcement and we may have our golden dayz back ....

Back home Indina markets had a good rally but higher lelves were not sustained ..nifty facing resistance at 5280 lvls ,, as told and all chances of crossing that lvls sawe a profit booking coming in ..

We need to cross 5280 lvls and that too with volumes and if we trade abv that lvls for an hour or so we can see 5500 lvls soon..

PPL who have bought in the crash time and even in the yesterday dip have almost covered up their losses ,, If ur account is not in debit .. u could have bought ..

CHK outb the gainers..

Omaxe , Neyveli , RPL , sterlite , rnrl , rcom , axis bank , bhel .. it was all frontliners that were leading the pack .. but our reccom of small cap and mid cap also did well

with lanco , dlf , unitech , all made handsome gains...

We hope to have a positive opening today also , but what need to see here if we can sustain higher lvls here.. VOlatility is not ruled out .. so profit booking at higher lvls is again advisiable..

We told to buy AIR deccan yesterday safest bet at that price it has surged 25 rs from that lvls .. keep an eye today alsoo with mallays plan and announcement of expansion puuting more money into this venture..
also look for varun shipp with its massive expansion plans ..

pick any good fundamental stock .. and just keep it for 2-3 months .. Still the stocks are looking much cheaper and low valued if u take it for 60-90 dayz horizon....

MONEYGURUS will be out with all new pics .. including the one mentioned in our page for short term gains ...

register with us and enjoy..

HAVEA grt day !!!