Market Report 31 jan 2008

Sensex slipped into red again ending below 18000 , mark .. though the markets seems to be confused from this point of time as to which direction it shuld move into , confused ahead of the FNO derivative but these 2-3 days will definately decide the direction of markets which way it shuld lead into , WIth the FED cutting the rate by 50 bps , but still US markets ending into the red , this shows the weakness of US markets , ..

A cut of 50bps make fed int rate to 3 points now.. and shows the possibility of further rate cut ..
Indian markets will have its direction soon, from range bound session of 17K - 18300 we soon to have a brkout lvls.. analysts says we will see a pre budget rally very soon ..in the month of Feb..

But for that we need to break all resistance levels .
We belive a bifty to be in range of 5100 - 5600 as of noww any close below 5000 mark can make nifty to touch its previous lows but breaking the abv lvls can rally it to higher levels..

ahead of FNO expiry have seen a very choppy session yesterday , stability will soon be with us .. as in small time ..

Stocks like HDFC , ONGC , GAIL , Sterlite , looks preety good for mid term from these lvls and wuld def give u a decent returns..

a very volatile and choppy session expected today alsoo so traders suggested to stay away , every dip can give u a buying opp so keep an eye on that ..

FII's have pulled out US$4bn in just past 10 days. If they remain negative on India, it will take time for the bulls to rebound.
FIIs were net sellers of Rs9.11bn (provisional) in the cash segment on Wednesday. On the other hand, Domestic Institutions were net buyers of Rs7.23bn. In the F&O segment, foreign funds were net buyers of Rs16.30bn. FIIs were net sellers of Rs2.85bn in the cash segment on Tuesday, taking their net outflows over the past 10 days to over US$4bn. Mutual Funds were net sellers of Rs1.17bn on the same day.

As all asin markets is trading mixed kind we expect nervous start from markets itself with volatile and choppy trade ahead..

Bharti Airtel gets extra 2G spectrum in 5 circles of Gujarat, UP (West), Assam, WB and Haryana..

ICICI Bank may have to wait for its entry into Singapore; SBI will be allowed first to open branches in Singapore..


Global Broadcast News (GBN) to raise Rs8bn, launch regional channels..

United Spirits plans to launch Whyte & Mackay brands in India; to double share in Scotch whisky market in 2 years to 24%..

L&T plans to launch AMC; finalises Travelers as JV partner for non-life insurance venture..

Spice Communication has been accused by DOT of giving false statement..

DLF, Emaar MGF and Unitech among others bid for developing spare railway land..



trade with strict SL today ...
Have a grt DAY !!!