Market report 16-April 08

It was a trders paradise yesterday .. a steady rise in stocks .. slowly down the line and some profit booking at the end of the day ...
Indian markets were looking for the some postive triggers , we told u first the IIP nos and sfter the Infosys nos , both provide what bulls were waiting for the reason to attck and bulls attacked .. with the bang and u can see the indian markets outperformiing its counterparts ..

Though the clues were not positive for the yesterday but we manage to be in positive range and tap the bears .. Bulls mark the rally with infosys heading .. It gained 100 points in intraday .. to mark 1500 Rs lvls..

Sensex gained 400 points to close just below that lvls..
As told u all yesterday Oil and gas sector was having party time .. with our picks ..
Selan explor , HOEC making the readers and membrs some party time ..

RPL call from 172 lvlc and 180 lvls marked 190 lvls in yesterday ..The futrzz of there are still in premium ... and some gains are still left in these counters..

Mid cap IT was also buzzing in yesterday but relaity , capital , were a bit slow..
With the CRR rate hike .. expect some bearishness in these counters but overall these reality counters are very good and the participation in any pullback cannot be neglected..

Midcap are expected to have some good time today also ..
With the DOw jones closing with gains and Asian markest with posiive clues trading ion green we will trade with the yesterday momentum and expect a steady good markets today also..

Orchid gained a good amount yesterday ..
Morgan stanley is said to have picked 3.30-lakh Orchid shares on the BSE and 4.2-lakh shares on the NSE reason behind the price jump in orchid ... why certainly the script is being liked some of the PE players.. We reccomded buy in orchid at 120 lvls when it was dorwned by bearstreams .. noww have some party .. through mnoneygurus..

Ranbaxy is another counter that is very bullish on .. some reisis at 500 lvls once crossed u will see 520-540 very sooon .. with the support at 450 .. buy in declines..
Ranbaxy is all set to sell ulcer drug Nexium in US ..

Four Soft Ltd has signed a contract with Colvan Netherlands BV, for implementation of its freight forwarding software...

BEL enters into a Joint Venture with Rafael of Israel ..

Expect a good trading day ..

Nifty resis at 4950 -5010 and 5050 lvls..

support at 4855 and 4800 lvls..

have a grt day !!!