Market Report 1Feb 2008

Markets saw a dip in the first half and a good recovery in the later half, The Recovery was mainly due to the fresh positions being created in the index stocks and frontliners that led the recovery to cvr almost 500 points and in the end ending almost flat..

The sensex is going no where , as coming week should decide the fresh path , All the triggers came and gone , Result season is over, FED meet is over , RBI meet is over. Still the market seems to be in no mood to have its one way direction .

The rangebound movement seems to be a bit monotenous..and FNO expiry was the culprit behind the volatility that was being witnessed in the last 2-3 days.

THe absence of any fresh trigger has put a thought that we likely to see a pre budget rally
from this point of time . The range of nifty is between 5000 and 5600..
any closing below 5000 could give us new lowa may be 4500 on nifty..

abv 5600 we may see fresh highs..

US markets seems to be reacting a bit lately from from the FEd rate cut . The rate cut newz of 50 bps made a little effect and DOW ended in green with gaining 200 points .
IT seems like Asian markets have alredy its party over.. and is in no mood to show further strength.

Indina markets likely to positive openeing and a fresh day fresh series we may see some positions build up in frontlineres.
We suggest to stay in cash and keep away from FNO segment , Cash buying could be done and
fundamental stocks should be bought at these levels.
IT stocks looks safest bet from these levels as they dont have much downside , they are alredy trading lows from their PE lvls ..so can be accumulated for mid term horizon..




Keep an eye on air deccan here where merger got approvel with 7:3 swap ration ..

JP assoc our multibagger is a buy in all dips.. its bidding for noida airport..

Unitech in talks with two foreign telecom companies for mobile services..


Videocon Industries is venturing into business of building and operating ports; bids for container terminal at Kerala port. ..
Punjab government appoints Power Finance Corporation to help bid out a 2,000MW project using ultra mega power project model..

HDFC cuts home loan rates by 25bps..

GMR Industries plans to raise Rs2.5bn through rights issue..

Rajesh Exports bags Rs4,630mn export order of gold jewellery from Excel Goldsmiths..

Madras Cement approved proposal of buy back its own shares with a maximum price of Rs4,200 a share..

Short selling could begin in the first week of February..
..

We are not taking sub for FEb .. as continuing with existing memebrs.. to start a full fledge service in march ..

Have a grt DAY!!!

Market Report 31 jan 2008

Sensex slipped into red again ending below 18000 , mark .. though the markets seems to be confused from this point of time as to which direction it shuld move into , confused ahead of the FNO derivative but these 2-3 days will definately decide the direction of markets which way it shuld lead into , WIth the FED cutting the rate by 50 bps , but still US markets ending into the red , this shows the weakness of US markets , ..

A cut of 50bps make fed int rate to 3 points now.. and shows the possibility of further rate cut ..
Indian markets will have its direction soon, from range bound session of 17K - 18300 we soon to have a brkout lvls.. analysts says we will see a pre budget rally very soon ..in the month of Feb..

But for that we need to break all resistance levels .
We belive a bifty to be in range of 5100 - 5600 as of noww any close below 5000 mark can make nifty to touch its previous lows but breaking the abv lvls can rally it to higher levels..

ahead of FNO expiry have seen a very choppy session yesterday , stability will soon be with us .. as in small time ..

Stocks like HDFC , ONGC , GAIL , Sterlite , looks preety good for mid term from these lvls and wuld def give u a decent returns..

a very volatile and choppy session expected today alsoo so traders suggested to stay away , every dip can give u a buying opp so keep an eye on that ..

FII's have pulled out US$4bn in just past 10 days. If they remain negative on India, it will take time for the bulls to rebound.
FIIs were net sellers of Rs9.11bn (provisional) in the cash segment on Wednesday. On the other hand, Domestic Institutions were net buyers of Rs7.23bn. In the F&O segment, foreign funds were net buyers of Rs16.30bn. FIIs were net sellers of Rs2.85bn in the cash segment on Tuesday, taking their net outflows over the past 10 days to over US$4bn. Mutual Funds were net sellers of Rs1.17bn on the same day.

As all asin markets is trading mixed kind we expect nervous start from markets itself with volatile and choppy trade ahead..

Bharti Airtel gets extra 2G spectrum in 5 circles of Gujarat, UP (West), Assam, WB and Haryana..

ICICI Bank may have to wait for its entry into Singapore; SBI will be allowed first to open branches in Singapore..


Global Broadcast News (GBN) to raise Rs8bn, launch regional channels..

United Spirits plans to launch Whyte & Mackay brands in India; to double share in Scotch whisky market in 2 years to 24%..

L&T plans to launch AMC; finalises Travelers as JV partner for non-life insurance venture..

Spice Communication has been accused by DOT of giving false statement..

DLF, Emaar MGF and Unitech among others bid for developing spare railway land..



trade with strict SL today ...
Have a grt DAY !!!