Market summary 21 april 08

The CRR hike , again small pressure on banking system , govrmnt node to control the rising inflation . the CRR hike will gradually suck out 18,500 cr of liquidity from the banking system.
The banks ahave not still taken any decesion of passing the hike to customers by raising the intrest rate.

Markets today will be having some biggi nos ,.. Wall street is already having the party time with nos of google beating all analyst with 31 percent inc in profit in this quarter . ALL the IT biggies is performing vey well , with City grp also having some recvry in and nos are better then the analust were expecting .

The markets today might just surpass the CRR hike pressure if the biggies gv the nos accoreding to the expectataion . These include TCS , Reliance , satyam and few more..

We expect the nifty to gainns some momentum after 5050 in nifty ..
If we sustain abv 5050 for few hrs that may lead to sm sought of shrt cvring in scripts although the major shrt cvring will be kept pending for the 5250 lvls .. but still shrt term traders will cvr their shrts abv 505 oin nifty ..

We expect nifty to take some support at 4935 lvls...

Midcap isstill in strength and on thursday trade we saw some of the small cap copming in action too.

TTML , nagarjun fertilizer , chambal fertilizer, JP hydro , GTL infra , IFCI .. all of these are fundamentally good scripts gains good amnt on friday and we expect them to shoe strength today also ..

Power sector is poorely beten down and this is one sector that has consolidated most .. expect sa good cmback from power sector soon ...

At one point of time CRR hike might put some pressure on sensex ..but we expect the part to continue.. today is very important day .. as the markets are peak of its resisitance lvls and .. today trend gonna decide where we gonna land up for the whole week..
watch out ..

Spanco Telesystems and Solutions is close to winning the Common Services Centres (CSCs) contract worth Rs 200 crore..

Rolta India reported a 44 per cent growth in consolidated profit after tax for the quarter ended March 31, 2008 -..

PowerGrid Corporation of India (PGCIL) is all set to enter the lucrative national long-distance (NLD) operations./..

Tata Motors is likely to go for acquisitions in March ..

have a grt day !!!