market Report 08-02-08

It was all bears .. and bears.. all the way. The massive sell off came yesterday in the later half did surprized everyone . All started talking about the bears attack and the newz of bulls dying started round the corner..

The Sell off came when the economic data came and which is showing the slow down in Indina Economy a bit for this FY .
The operators say the sell off came from the FII belonging to the Us side . and the sell off came as fast as one can think..

AS we are lacking any fresh triggers and following the Global markets , The Indian markets may be in a bearish tone for the while , yes analyst are getting bearish and some are giving very bad targets for nifty as well as sensex , but we are not sure , we believe a mild bearishness in the sensex and we will see new hikes six months down the line .
The time is not far when markets will decoupled themself from the US markets and will outperform .

THe budget and RPOWER listing would be the main events to watch , Coming time a rate cut by RBI would also be definte positive trigger and FII would resume putting money in the markets.

RPpower listing on monday and people still believe that they can see the price to 800-900 lvls , but the power will be shown if we can sustain that levels.

Budget would be the main event to be watched by the bulls. to make a come back .

Rest we expect today a flat to positive kind of openeing .
DOw closed in minor positiveness in the last half hr of trade..

Later half could be much better and we may expect to close well abv given support lvls for nifty at 5250 lvls..

We told yesterday breaking 5250 will see 5120 lvls and u can see where we are 5250 was broken and we touchd 5120 to close at nearby lelvls..

FII were net sellers in yesterday trade and their avtivity today also would be noted..

watch out for
NTPC forms JV with Bharat Forge for manufacturing castings and forgings for power plants at an investment of Rs30bn.. to day ..

also NTPC revises plans to develop wind power project with generation capacity of 100MW from original 50MW.

Mcnally Bharat plans to invest Rs2bn over next 15 months for heavy engineering and forging unit in West Bengal..

Reliance Infratel to erect 56,600 towers by 2010...

Indiabulls Real Estate buys out DLF’s stake in Kenneth Builders.. it was abuy call yesterday by moneygurus..

UTV Toons, animation division of UTV Software to be merged with the UTV Motion Business..

ADAG hikes its stake in Deccan Aviation to 10.76%. (ET)Indiabulls Real Estate picks up stake of DLF in Tehkhand residential project at South India...

.. trade with cautious ..and dont make avrg of ur buys...

stay in cash..
Dont get folled up by sudden spike .,. and daily sqroff up post as mrkst are not to take long post as of now...

have a grt DAYn !!!