Market Newz 23-april 08

SIx straight days of positive closing for markets .. defenately helped some sought of confidence in the retail investor , specially the few cvring the small cap and mid cap that really helped a lot of ppl to have few buying and seling .. Lots of investors are being caught up in the higher side in these segmenst , so its quite possible as the stock rallies in mid cap segment and in small cap segment it will face some sought of selling at all higher lvls..

Analyst says the carnage is not over and we will see anotherface of bloodbath before touching our highs .With inflation rise and CRR hike ,, the impact is still left pending ..Govrmnt banning export of food items and many more stepss.
Also we cant forget the major factor being the election that are due ..

With the month end FNO closing nearing us , we believe there wuld be some jitters in the market with the analys saying that we are expected to close this series of nifty abv 5100 mark ..
It might be possible due to some really bad global cues we might see 4900 mark in nifty ..

Container Corp, Educomp Solution, Indian Bank, Assam Petrochem, Oriental Bank, Polaris Software, Bajaj Hindustan, Simplex Trading, Supreme Petroch, Asian Oilfield, Shakti Pumps, Gati and Everest Inds
result today...

Everest Kanto Cylinder gained 1.87% to Rs 307.70 after the company said it has successfully completed the acquisition of all the assets of CP Industries, Inc. United States for $66.3 million. ..

and also polaris will cnfm the buy back newz that is being in market today ..

The trend is definately chngd noww from sell at highs to buy in declines noww..
so we have gvn accumulation call on many scripts 10 days back.. u are invested in that u are in healthy profit of 20 % atleast..

Today with global negative cueus we are expected to have weak markets today .. with FNO closing there wuld be some swings in intraday .. but it wuld be with negative bias..

DO book profits at all higher lvls and stay in cash partially..

watch out for ..
RPL plans setting up greenfield unit in Kuwait...

Reliance Power to expedite hydropower projects; will invest Rs105bn in three years for 2100 MW..

Indiabulls Real Estate acquires 134 acres of land in Dombivli belonging to automaker PAL-Peugeot for Rs6.76bn..

Ranbaxy Labs enters into strategic alliance with Orchid Chemical for finished dosage forms and active pharmaceutical ingredients (API) for several products...

Deccan Aviation to raise Rs10bn as debt from financial institutions..
SAIL, Tata Steel to hold steel prices for a few months..

Idea Cellular may sell its 16% stake in Indus Towers in December. ...

niftyat support at 5000-4970 mark.. resis at 5060-5100..

have a grt day !!!