market summary 07-02-08

US seems to be in no mood of recovery , and people are facing the worst time in stocks over there. Although US media looks like in no mood to boost theiry feelings and daily giving recession newz . If recession is there how much India going to get effected , We believe that India as its own growth story , what is getting effected is sentiments not the economy .

Across Asia if recession effect is to be considered we believe that India will be definately a outcome winner and we will be least effected .
Yes some how a bit exports and IT may get effected due to lower expenditure on IT by US Comp , but most of comp have alredy started finding their alternatives and the prime focus is being shifted to Europe and UK side..

Markets closed yesterday with a mild recovery . As compared to other Asian country Indian markets closed in good enough support levles.
Today also we expects markets to open negativa to flat.
Intraday volatility may be theirand the overall day is believed to be rangebound with not much downside and same time no more spikes..

Power sector and Fertilizer sector is key to watched .Ahead of Rel power listing on Monday we may see some action in power stocks ..

Our call on Nagar Fert was in action yesterday and we saw the rise across the sector including the leader Deepak fertilizer..

Mid cap in yesterday trade did'nt saw much cut and it seems like mid caps stocks are making their bottoms and are likely to rally further in small time..
As we know currently frontliners are making all the action in the markets and the last 2-3 days back recovery all lead by frontliners , Mid caps were notlimelight and it is expected to make some action as soon they got some attention..

MId caps looks good at these levels for accumulation .
We have given our pics to the memebrs of Moneygurus ..

Bad response to ipo's are making comp to take some actions ,The latest example is Emaar MGF’s mega IPO, which has not just been extended by five days, its price band has also been revised once again. The issue will now close on February 11, according to investment banking sources.The lower end of the price band has been brought down to Rs 530 from Rs 540 a share. The shares will now be priced between Rs 530 and Rs 630 a share...

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watch out for

IOC may seek board approval for its Rs50bn Haldia paraxylene plant.. today .. our buy call is stil pending on with trgts..

L&T plans to invest US$5bn on power generation business; targets 5,000MW capacity in next five years..

SCI may invest US$800mn in its shipbuilding foray.. its very good mid cap buy at these lvls.. for mid term..

Ispat Group has acquired two coal blocks in Mozambique.. accumulate ispat..

Arvind Mills may demerge its brands and apparel retailing businesses in to separate companies.. chk out.. today .

Mundra Port to invest Rs100bn to raise cargo capacity..

Mercator Lines to acquire three dredgers for US$100mn in the next six months.. our buy call running .. trgts pending..

Reliance Industries is likely to enter realty space in a big way..

S Kumars Nationwide's retail unit Brandhouse Retails Ltd is likely to expand its total network of stores to 400 by the end of this year and to 1200 stores by FY 2010. its abuy in dips..

GMR Infrastructure acquires a cyprus company Delridge Ltd for an undiclosed ..

accumulate gmr..


Nifty is at support of 5250-5100... may face resis at 5300 5360..

longs can be hold keeping these lvls in mind...
have a grt day ..