Market report 26th may 08

With the Sensex last week mostlyy past with red color , we were wishing for a break soon to come and after 2 days vacation , monday is here again and all knows with friday in red the sensex will follow its tashon of being in red today .,.. With the global markets down , asian markets are also bleeding , so how come sensex get escaped , Expect a 1 to 1.% dwnwrds in todays trade with nifty support lies at 4900 mark for all ur longs ,, below 4900 there wuld be bull stop at 4800 mark that wullbe be last phase for bulls to survive,...
We give a cautious trade today .. or just wait and watch policy ... some bottom fishing can be done from the long term point of view ..otherwise it wuld be broad based selling all the way ..

Bharti said to be pulling out of the MTN bid and this might turn out to be positive for the bharti shareholders as the amnt the bharti said to be paying for the share was not justified and was too high...
Anil Ambani group company Reliance Communications (RCom) has initiated talks with South Africa's largest telecom operator, MTN Group. The company officials have discussed the possibility of acquiring majority stake with MTN executives on Thursday, according to sources close to the development.This follows Bharti Airtel, which was in "exploratory" talks with the South African company, pulling out of the deal.According to sources, RCom has formally approached MTN Group on Thursday and the company has started discussions for a possible takeover.,,, this might put some sought of pressure on rcom...
Atthe otherside Govrmnt is under pressure for increasing the fuel prices as the result of crude price , the rise if done as per newz might give inflation nos another spike and it wuld then go abv 8% mark undoubtly ... that culd really worsten the sentimentss..


Rolta is learnt to be close to acquiring a US-based IT firm in the area of business intelligence. ...
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Reliance Power and GMR Infrastructure are planning to bid for PowerSeraya and Senoko Power, ...
Apollo Hospitals is eyeing acquisition opportunities in other markets.. it gt a long term bullish pattern and its a buy in dip in for long term investors..
Rashtriya Chemicals to formv $1.8 bn JV with South African firms..
have a grt week ahead...

WE will be shifting to orkut from june 1st .. join the related community for trading calls ..
team moneygurus