Market Report 21-May 08

Crude is spoiling the mood everywhere .. DOw yesterday got butchered by another 200 points on account of crude rising and worries of inflation rising on this effect..
The crude as we told u long back abv 125 may tend to touch 135$ .. before correcting or getting settld at certain lvls..

With correction round the corner on account of crude factor we might see nifty with gapdown opng while it takes support at 5050 and 5000 lvls .. any dip we reccom u to buy in momentum stocks and ur qualtiy pics that will show u good rcvry..

Stock specific action wuld be there like yesterday .. and u need to hit the bulls eye .. to get into right script..

Some of our performance in last 2 weeks :

Suzlon reccom at 278 for 320 .... target hit...

Sterlite reccom at 780 for 900 cmp 935+..

JSW steel reccom at 900 and abv 1000 cmp 1135...

SCI reccom at 230 for 300 trgt hit yesterday....

rcom reccom at 535 for 600 trgt hit 1 day back...

Tisco reccom at 835 for 900 trgt hit ..

ICICI reccom at 880 for 950 .. target hit 3 days back..

Cairn reccom at 250 and 270 for 320-335 target hit yesterday ..

ITC reccom at 215 for 225 and 230...

Rpower for 435 and trgt 2 ---- trgt1 hit trgt2 pending..

RPL at 175 for 190 and 210 ....

and the list goes on these are few of our very shrtterm calls and along with small cap and mid cap .. dlvry calls that are in pretty good profit ..The multibagger calls are hitting uc .. and wuld def give us our trgts...

Nifty will be in pressure today and any hope of rcvry will depend on the afternoon trade after opng of european mrkts...

GMR Infrastructure has decided to merge GMR Aviation with the company as part of a move to foray into the aviation business. ..
..
Suzlon Energy is considering the sale of part of its stake in REpower..
Bharti Airtel in an alliance with IOC to access 18,000 retail outlets and 5,500 Indian distributors..

Cairn India to explore oil and gas in Rajasthan Hadauti region..

Educomp Solutions acquires 51% stake in US based Learning.com for US$24.5mn..

The Poonawala Group has picked up 7.22% stake in Orchid Chemicals.. report says they may buy more in the cming time.. keep an ey on orchid here..
Mercator Lines plans to acquire more oil rigs..

Lanco Infratech to form a holding company for its power business..

SCI announced a bonus issue of shares in the ratio of 1:2 , i.e. one bonus share for every two shares held...
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have a grt day...