Market Report 5-may 08

Sensex last week was full of momentum and was in full mood to chear for the bulls , although the losts of analyst and high end investors term it as the bear market technical rally ..
So all highs shuld be usesd as to gain profits . 5500-5600 mark for nifty wuld be considered as important barrier for the nifty to make the bulls come back and rule the market .. if it shows relative resistance at those lvls.. we cannot see where we gonna move forward.. but as of noww one thing is sure.. that deep cuts and long correction are not there and we dont se any huge correction in markets as of now..

Nifty at 5000 will take a immediate support and major support at 4800 mark ..We traded abv 200 DMA of nifty last week ad closed well abv that lvls very comfort zone ...

Coming week as there is no fresh triggers and moreover we have been trading in the positive range from last 2 weeks some consolidation can be seens as it wuld also be good for sensex..

Midacap is still lacking behind and we need some good rallies in midcap to gain the retail investor confidence .SOme buying was witnessed in midcap but it was all in selective sscripts and we suggest to stock to qualty midcaps as there wuld be stock specific action to continue only..

Last week ourreccom of small scripts agains started showing momentum like ..
GTL infra , DCB , Dish tv, Geojit finana , expect some action in in coming too ..

IFCI inspite of ba result gained momentum in last hr of trade on friday ans closed at 60 lvls.. still ppl think there is momentum and stake sale culd go on.. Dont go on rumurs.. and take us decesion and think like punters..

Someof the midcaps are ready to brkout and u shuld keep an ey on them to catch the spark..

Telecom Malaysia is likely to increase its stake in Spice Communications to 51%.. watch out spice telecom here..

Adani Power files DRHP to raise Rs56bn through an IPO..

GMR consortium receives a 20 year license to operate the airport in the Turkish capital,,, iits a moneygruus buy call ..

Jaiprakash Associates wins a bid to buy 45% stake in Prize Petroleum.. reccom buy at 228 .. now 290...

GTL subsidiary acquires the tower business of Essar group for US$1.5bn..

MindTree acquires 32.6% stake in Aztecsoft for Rs1.2bn... we reported this newzz much before..

Real estate developer HDIL gets government approval for Mumbai airport slum rehabilitation programme...

Parsvnath Developers to develop a luxury mall complex in Delhi with an investment of Rs3bn..


IOC asks government to allow autonomy in pricing of petroleum products..

DLF is setting up a JV with Italian leather and luggage accessory major Piquadro..
Reliance Big Entertainment in talks with private equity funds for a divestment of 10% equity..
NIFTY supprt at 5130-5150 and resis at 5260-5310..

have a grt week ahead...

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