Market Report 07 -March 08

Here comes another day of pain , yes the DOw jones fell again to account of the bad news , alredy the global marketsare reacting with nikkei down 400 + points , we belive there is no one who can predict the bottom whether the rumurs of 12K or whether the rumurs of 15K, the markets are gonna do things on its own , less FII participation and huge amount of money being with drawn and no retail investors as of now is the majot trigger for thye downtime of sensex

As per our view the two months of the wekaness for sensex was enough but the way sensex continues its downtrend is a point of worry .
Lack of positive triiger and moreover some -ve trigger from budget did the job of putting oil in fire, how much more pain left no one can predict.

A gap down opening is expected , we hope nifty doest brks the 4800 mark and trades abv its triple bottom mark , recovery can only be seen if asian markets recovers and european markets gv some sign of relief.

We advise tradersto stay away as volatility is not ruled out , no of news is also on charts..
Mid cap may continue to show some more blood and may show some new lows from their rally in the nov-dec.
Small caps are no way right now.. and better not to talk about them .
Its time to look at the PE values and invest in the stocks that are expected to yield some divident atlest ..

stake buy news are there for allcargo and gokal das exports..

Nagarjun constr is also in news for stake beingraised in firm by blackstone to 12.2 %.. keep an eye..

Mumbai based Parsvnath Developers is venturing into luxury malls segment in Metro Cities...

GAIL India Ltd is likely to pick up Asian Development Bank’s 5.2 per cent stake in Petronet LNG Ltd..

better stay away for traders,,, investors can have some bottom fishing..
nifty supprt at 4750-4860 lvls.. resis at 4975-5000 lvls..

Have a grt day ..

Market Report 05-Mar 08

Sensex is trading in its weakest mood from the past three years, the nifty is down and is touching its support llvls of 4800 , anything below that will definately be invitinng 4400-4480 lvls.
Dow jones turned back from its support and gave a nice come back with moving 180 + points of rally in the closing bell .Asian markets are trading mixed with nikkei down on account of meet for the rate change.
SEBI yesterday cleared that it is no mood of banning the FII as they are not behind the recent fall, meanwhile in today meet SEBI is expected to clear some of the infrastructure fund as well.

Markets yesterday tried to cvr up 2-3 times but each time it comoes up it fell down woth profir booking , recent gains are not ruled out, We belive market may take another 1 week before settling down to some lvls and till then volatility will be as such.

Below 5050 we dont advise to trade for traders and buy and go long only if nifty holds 4975 on charts.
yesterday bad news by media about ICICI, the subprime link of ICICI Bank, which the bank later denied. However ICICI Bank and its overseas banking subsidiaries have an aggregate exposure of USD 2.2 billion in credit derivatives.As of January 31, 2008, the mark-to-market negative on this portfolio due to movement of credit spreads was about US$ 155 million. The current declines should be used by long term investors to buy the stock. With ICICI Securities IPO coming up and demerger of many of the subsidaries will unlock the value in the stock...
..

keep an eye on stocks..

Reports suggest Hindalco Industries has raised aluminium prices by Rs 5,000 a tonne on rising global aluminium prices..

Tata Motors is looking out for the possibility of global licencing Nano...

IRB Infra was awarded the maintenance and operating contract of the entire road infrastructure in Kolhapur city, Maharashtra...

Punjab National Bank is planning to sell a 26% stake in its primary dealership subsidiary, PNB Gilts...

Unitech’s US$1.5bn QIP postponed to first quarter of 2008..

M&M acquires Italian automotive design company G.R. Grafica Ricerca Design for an undisclosed amount..

Tata Power plans to spend Rs170bn on Mundra plant..

Ranbaxy secures USFDA approval to sell generic version of Risperdal..

Gail bids for 5.2% stake in Petronet LNG Ltd for Rs15bn..

NTPC to enter into a JV with two Indonesian coal firms Persada Investama and Sugico Graha..

Today we will advise to stay away and wait and watch policy ..

Have a grt dAY1!!!

Market summary 4 Mar 08

Markets took a breath taking cut yesterday and slips by almost 900 point in the intrday . The cut was deep and never expectred. The day of budget always gone with some blood as we have seen may be on that day or on the second day , the cut is there and we have seen that . the sensex fell 400 points in the monrg and was trying to recvr but in the try , the cut get worsened and the sensex gone below with nifty 200 DMA , markets below 5000 and 4975 is considered to be ruled by the bears and bulls looks like gone for the long holiday ..



The rumurs of sensex catching the 12K was on the peak yesterday , how much shorters are involved in that we dont know but rumurs were there , if we look at the volumes chart the volumes have came down to swerely low lvls , Brokerage stocks are alredy feeling the heats and are beaten down ..and we expect further weakness in the brokerage stocks.. so stay away from these...



Markets are in the no way zone , we expect nifty to be in range of 4800 to 5300 in 2-3 months time frame .

Anything below 4800 will be inviting nifty to touch its jan lows and it is supposed to be the second bottom out by nifty.

Nifty has tried 3-4 times to cross its 5500 resis lvls but unable to do so..



Right now the condition is bad, and we may see another weak day in sensex, as sun outage is there it shows in record during sun outage times markets mostly consolidate...



Oil and Gold are in no way of stopping a new highs both are riding a new rally are are trading at all time highs..

Asian markets are firm with some weaknes so we may expect some firm kind of indian markets too.

FM really was unsuccesful in chearing up the much awaited budget , despite he decided to put some bad news as always on the bulls of dalala street and helping them to go on holiday.

The whole budget was decided to get the vote bank , as we all know that 80 % of wrking ppl does'nt go out for voting and who goes for vote is ofcourse the people live below povert line and ppl who need govrmnt for them ..



This budget shows how important people are , who are getting wheat for us..

Anyway the situation right now in sensex is miserable, for get the day trading , but long term investors keep hunting stocks ...

FM said that the Indian economy is not decoupled from the Us and effect would be there , how much we have to see..

Another prominent investor, the legendary Warren Buffet says the US economy is essentially in a recession ..



A consortium of Adani group, GSPC and Essar Oil, plans to spend Rs100bn to build a LNG regassification terminal at Mundra in Gujarat..



MRTPC has found Cement Manufacturers Association and nine others including ACC and Grasim Cement, guilty of cartelization in Jabalpur (Madhya Pradesh) during 2000 and 2001...



JSW Steel will be setting up a 3mn ton cement plant at Salboni in West Bengal...



Sintex Industries is scouting for companies in the composites space and has earmarked US$150mn for the same..



Bank of India is looking to sell aggregate stressed assets of around Rs2.5bn to an asset recovery company..

Be stock specific and book profit timley..



nifty support at 4850 lvlss ressi at 5050.. lvls

Market summary 3Mar 08

A much waited event specially for the traders Budget, it came and went over and went by giving a small jerk to the day traders and ofcourse the big players, the short term capital tax , raise from 10 to 15 % yes its there and if market insider news is to be believed some of the FII and big fund houses did'nt liked that announcements much , os they are -ve on markts as of now.
The Budget went away without giving any ray of hope for much sinking bear market .
The trigger what traders were waiting for was not there , insipite of that the jitterness have been there..
But the jerk has gone we believe the jerk has alredy given the reaction , the market closed in negative zone but abv the suppport lvls.
We belive for further the sensex is gonna be in range bound to -ve impact , with budget not giving any positive clues the sensex gonna trade on the mercy of FII yes. and till that some big FII put their money on market we dont see anything to cheer for the investors.

FY 08 is considered to be the year of the consolidation .. how much we dont know. the events that can boost the sentiments of investors are gone so here we are again falling on the hands of global cueus.
From here on sensex will follow the global markets strictly as the local cues are over and there is no +ve side seen we might see some step following by sensex and any spike or bulls attack if any would only be called if there is help if FII..

the market will observe sun outage from March 4 to March 18...

NTPC plans to spend Rs73bn for setting up of second phase of Barh thermal power project in Bihar..

Gitanjali Gems acquires the retail business of Mumbai based jewellery company Renaissance Jewellery...

Essar Group plans to invest Rs500bn in Gujarat over the next three years on SEZs, steel, oil and gas, amongst others..

Tata Motors Jaguar-Land Rover deal may be delayed as issues relating to supply of engines, platforms and technologies are still to be sorted out..


GTC Industries board has granted an in-principle approval to demerge the tobacco and the real estate business into separate entities..

Temasek is in talks with Tata Communications to pick up a stake in its new retail business...


A gap down openeing is expected , but stock specific action would be there,, selected stocks would be in action .. stay invested in shrt term.. time for day trading is gone , we have to be patience to reap good benefits..

Have a grt daY!!!