Market REport 13 May 08

Sensex closing on friday was at very crucial lvls and the monday when it was on the stage of rcvring from its intrday loses and on the border of getting green the newzz of Bad IIP nos struck the market and we saw a free fall in nifty.. though this was later being used as bottom fishing by mzny of the DII , we have gvn the signal in the monrg itself that we will seethe buying cming in the markets at 4900 lvls and u can see that buying started at exactly 4910 lvls to make nifty gain almost 100 points from its lowss..

Nifty call of our yesterday buy nifty was almost up 100 points ..

The Earthquake newzz also did some sizzler effect and the sensex reacted to that also but vey little time..
Crude lost its gains from the highs and the EDS merger newz with HP make the DOIw jones to have a very good closing with 3 digit gains ..
Anlayst are predicting the rise in inflation and incrz in intrst rate are the culprit for the low IIP nos .and the GDP might slow down in curse o f that in the cming yrs..
But they dont see much effect and inflation and IIP nos both are expected to do well in the down time of say 6-7 months ..

Oil stocks saw a huge build up yesterday with our invstmnt call CAIRN @ 240 and 270 crossed 300 lvls to close at 304 lvls.. CAirn has a still huge build up in open intrs .. the trgts in dlvry as given by moneygurus are 335-370 in this script..

Fertilizer saw some action in the last hrs of trade when there was some short cvring that made some of the scripts to shot up.. include RPL that gained almost 10 rs from its lows.
..
Today we will open from positive to flat.. as the IIP nos have some how hurted the sentiments..
but we dont see any major rally and pullback.. short are still pending and there is certail lvls in mind to cvr that shorts which is still not triggrd...

Ranbaxy newzz was out on monday and we have gvn the buy call @ 465 oin friday.. u can see that the stock gaining and closing almost at 500 lvls.. the 500 lvls resistance is likely to be crossed today and we can see the stock touching 520 vls soon...

IFCI saw a huge profit booking with unwinding of opn intrst ..
Steel sector has saw some intrs build up.. with moneygurus tata steel call still below its trgts..
SAIL is having a good biold up and we can see some action in this script today ..

Rupee weakened past 42 per dollar for the first time in more than a year on Monday after data showing factory output grew at its slowest in six years raised concerns about a slowdown in the economy


Arvind Mills, one of India’s leading textile manufacturers and owner of brands like Flying Machine and Newport, will be investing close to Rs 400 crore in expanding its retail presence..

Indiabulls group, an emerging conglomerate with interests spanning from financial services to retail, on Monday said it is in talks with some leading global single-product retailers seeking a pan-India presence..

Bharti Airtel is likely to revise its bid for South Africa based MTN and the transaction is believed to be cash heavy....


NTPC Ltd, the country’s largest power generator, is eyeing majority stakes in one to two Indonesian coal mine..

have a grt trading day!!!!

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