Market Report 07 -March 08

Here comes another day of pain , yes the DOw jones fell again to account of the bad news , alredy the global marketsare reacting with nikkei down 400 + points , we belive there is no one who can predict the bottom whether the rumurs of 12K or whether the rumurs of 15K, the markets are gonna do things on its own , less FII participation and huge amount of money being with drawn and no retail investors as of now is the majot trigger for thye downtime of sensex

As per our view the two months of the wekaness for sensex was enough but the way sensex continues its downtrend is a point of worry .
Lack of positive triiger and moreover some -ve trigger from budget did the job of putting oil in fire, how much more pain left no one can predict.

A gap down opening is expected , we hope nifty doest brks the 4800 mark and trades abv its triple bottom mark , recovery can only be seen if asian markets recovers and european markets gv some sign of relief.

We advise tradersto stay away as volatility is not ruled out , no of news is also on charts..
Mid cap may continue to show some more blood and may show some new lows from their rally in the nov-dec.
Small caps are no way right now.. and better not to talk about them .
Its time to look at the PE values and invest in the stocks that are expected to yield some divident atlest ..

stake buy news are there for allcargo and gokal das exports..

Nagarjun constr is also in news for stake beingraised in firm by blackstone to 12.2 %.. keep an eye..

Mumbai based Parsvnath Developers is venturing into luxury malls segment in Metro Cities...

GAIL India Ltd is likely to pick up Asian Development Bank’s 5.2 per cent stake in Petronet LNG Ltd..

better stay away for traders,,, investors can have some bottom fishing..
nifty supprt at 4750-4860 lvls.. resis at 4975-5000 lvls..

Have a grt day ..