Market report 28 april 08

Sensex saw a brkout on fidays trade with nifty and sensex both showing the bullish pattern on charts , a brkthrough was enough as sensex closed abv 17100 mark and nifty will now find major support at 5043 lvls . The brkthrough was enough supported by the telecom players on friday when the rcom and bharti both gained momentum and closed with significant gains ..

We have gvn buy call on both Rcom and bharti .. and ourmemebrs have reaped enough intraday gains .. still we are pending on few trgts of friday calls..

ICICI and HDFC came out with very good nos ,,, which the markets were not expecting and the result wuld may be shown today , althogh some big intrday movmnt is not seen but yes the strong opng and follow on will be enough .. midCAPs will try to cm back and ofcourse oil and gas wuld be in action ahead of the crude prices trading at 118 $ ..

DOw jones on friday closed with the marginal gains ..Nikkei is following the gains and is trying to brkout .. with more then 100 points of gains ...

nifty abv 5100 will try to touch 5180 and 5200 lvls .. and may find some reisis at that lvl..

Alok Industries, Bata India, CESC, Eicher Motor, Finolex Cable, Glenmark Pharma, Godrej, Hexaware, REL, RNRL, SESA Goa and Welspun Gujarat etc are some of the major results to be announced today,, we are bullish on welspun , CESC, RNRL , here for good returns..

watch out for ..

Cairn India, which operates Ravva oil & gas field off the Andhra Pradesh coastline, on Sunday announced that it managed to extract 200 million barrels of oil from the field which was estimated to contain extractable reserves of 101 million barrels..

DLF plans Rs 1,250 cr to expand multiplex biz ..

Reliance Industries Ltd (RIL) is set to acquire majority stake in an oil block in Peru..
Reliance Industries plans to set up agri goods terminals in nine cities with an initial investment of Rs10bn..

Pyramid Saimira is looking at raising Rs15-18bn by listing its film production business..

Reliance Communication to invest Rs10bn on international data centres in the country.. watch out for out trgts today ..
..
Biotech major Biocon plans to set up a subsidiary unit for its research and development ...


trade with nifty if stays abv 5000 mark for bullish zone..
nifty at Support at 5060 Res 5180..

have a grt week ahead..

REGISTER BEFORE 30TH MAY TO AVAIL TRADING CALLS ...LIMITED SEATS..

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