Market report 9 April 08

Absence of any trigger made sensex to follow its asion peers and on account of heavy selling in LNT sensex lost some ground . The nos will be start coming soon also traders are taking some positions on account of expectation that there might be some good nos from leading IT and mid cap comp. IF rupee falls further you may see some value in It comp from this posint of time .

Sensex loss was mainly on account due to the no volumes in the market , mostly retail investor is sitting away from the market and its only traders who are playing .
FUnd houses are sitting on huge surplus to be invested so asthe FII but when would the the time came no body knows.
IF some one from this point of time quits the market he is the biggest looser , according to us down the line you will see the bullishness back and then u will feel sorry for your action . Believe in India growth story and invest step wise.
Further with elections in pipeline there could be some chance that markets may underperform for some time and that would be the critical period for the investors to hold down their breaths ..

Today on account of absence of any positive clues , markets may open a bit weak .
Mid caps are showing strength as they showed yesterday ..
We expect some value buying in selective mid cap counter and stock specific action would be there ..
Orchid chem has risen enough on the rumurs and now its time to reap ..
We at moneygurus have given you the buy call of Orchid at 120 Rs .. now its 240 on accout of rumurs or fundamentals its all destiny.
Three lakh Orchid shares were picked up from the open market by the management of Apollo Hospitals


Rel capital is another stock that is witnessing lot of action . with 1050 acting a strong support we maintain buy call in this scriots in declines at 1080 to 1150 lvls.. nerterm trgts are 1380-1420..

Mumbai based Spanco Tele is looking to expand to China, Malaysia..

GTL Infrastructure and the Essar Group have agreed to combine their telecom tower businesses into one entity in a transaction that could be worth at least $2 billion..

Brandhouse Retails Ltd, the retail arm of textile company S Kumars Nationwide Ltd, would launch a chain of stores selling private label clothes ..
..

Trade according to direction in markets ..'

Have a grt day !!!