Market report 10 april 08

Mid cap was the flavour for yesterday and the party is gonna ontinue with yes bank and mastek beating the street with extra ordinary nos . we expect the strength to continue in mid cap sector today also .. expect some stock specific action . Sugar was in limelight with our two pics bajaj hindustan and balrampur chini going boom boom gains .. traders are the best one to play in these kind of markets . Short cvring in the end led the sensex top close with the gains of 200 points , but nifty was not in much action yesterday and nifty is still in discount showing the short positions beinng created in nifty.

The result season in going on and street is happy with the start , but the question here is will all the companies will be able to deleiver the result like yes bank . that is multi millioner question and the answer is no .. With Forex derivative going round the corner , there wont be much companies to give awsome results like yes bank and the one who deleiver would definately be the gem of past and future.

TEA, FMCG , sugar now wat ? yes the other sector is also expected to witness some action and the rally gonna spread its wings ...

SEL Manufacturing is planning to invest Rs 612 crore for new unit..

Dabur Pharma to supply anti-cancer drug to Thailand ..

Dhanus Tech is eyeing $30 mn buys abroad - ..

Yes Bank Q4 net rises 109% and is reported to be in talks with foreign majors...

MMTC and Tata Steel are likely to join hands for bidding overseas mines..

trade with nifty at major support of 4620 if nifty stays abv that no worries ... 4680 is termed as positie bias support ... nifty resisi at 4800-4960..

have a grt day !!!