Markets Report 15 FEB 08

It wasa flying day for markets yesterday , indices were flying with the massive gains of 10% to 20%.. Calls by moneygurus like RILK , bhel , SBI , almost rose to three digit gains where bhel single day gains were more then 200Rs..

The rally was on the charts that why we initiated buy calls to our readers and clients 3 days back when all were in worry , we told everyone to buy in the lower price and in the time frame of atlest 2-3 days if u hv invested in right script , easily u might be gainin 20% of ur equity in 2 dqayz..

Stocks were rallying like oil and gas majorly on the newz of rate hike in petrol and diesel by Govrmnt although the positive newz for d markets but might be negative for transport comp , also will effect the inflation numbers..

The It is bottomed out as o now , downside is very much limited and upside analayst sayd coming time they see a strong demand of Dollor and it may effect the IT comp by putting the positive effect on that thats why lots of brokerage houses are giving buy call in all IT stocks...

Textile would be accumulate here as pre budget action would be starting very shortly , analysts says that Govrmnt is on the charts to give some positive newz for textile sector including the Textile SEz special benefits..
Textile stocks may see some action in coming dayss so keep an eye on these..

Auto , Relaity are on the rise from last 2 days , Rate cut by different banks is proving to major trigger from them , We have gvn buy call on all realty 2 days back DLF at 815 unitech at 816 HDIL ,, thses were few of ours buy in realty thats look preety intresting on charts...
Rate cut is also trigger for Auto sector stocks like Hero Honda , MAruti , M&M are good one pics in these sector...
Mid term RBI is expected to cut rate also bank has alredy strted rate cut RBI rate cut in coming timne coould be majot trigger for thses sector and we can see some good upside in them..


Power saw a huge buying yesterday trade , It was a bottom up from lower lvls..
Power stocks were beaten badly after the listing of REL power and yesteday we saw a come back of power stock .Valution are good and we still bullish on thses .. REL power rememebr 600 then 900...

Markets today are in double state , Us markets plunge closed down on the statements of Fed chief , his statement about the sluggish growth in US ruined some sentiments but at the same time he had gvn a positive signal that FEd may consider rate cut in future .. but any how they cant get lower then 2.5 % as the rate cut would then be lower then inflation rate...

Asian markets taking clueue from US and are trading in REd and the cut can be seen also japan is happy for the first time on the eco growth ..

Indian markets are likely to open in red taking gloabl cueus but the yesterday momentum and beated down the bears badley so we expect Indian markets to make a good come back ..
Mid caps are likely to be in action and cut if any would not be too much ..

Watch out for ..

NTPC to invest US$40bn over the next five year, to transform itself into an integrated regional energy player..

Mastek likely to buy a US-based IT firm System Task Group International for US$30mn..

Haldia Petrochemicals is set to buy L&T 51% stake in HPL Cogeneration..

BHEL gets Rs2bn order from ONGC..

Kirloskar Brothers is looking to buy a European based pump manufacturing and marketing companies..

Pyramid Saimira is reportedly in talks with a theatre chain in UK for a potential take over. The company is planning to raise $400 million in funds for the said proposal..

Lanco Infratech is planning to set up one of the country’s largest wind turbines manufacturing facilities in Karnataka..

Power Finance Corporation Ltd (PFC) is planning to raise $4 bn in 2009..
Sagar Cements says it plans to establish a cement plant of around 5mn tons a year capacity in Karnataka. Apart from this, the company is also looking for setting a cement plant in Oman in joint venture with a local partner..

nifty will take support at 200 DMa 4977-80 . resis at 5250...


Have a grt day !!