Market report 11 April 08

Sensex lost its momnetum from days high on yesterday trade .. with the gain of almost 200 points ending up with loosing 90 points ... the looser were mainly banking space and few IT stocks .
Mid cap was in buying spree yesterday trade and is expected to do good in today trade also .
The infaltion data will be coming out today with IIP nos . If analys are to believed the inflation for this week might just cross 7 .. but we dont see any imapct of inflation on markets as the major correction on nos was done in last week .. we thinbk that the worst is over .. but markets will take time to get back the loosen the sentiments from the investors.

The RIL indus moves with good nos yesterday , also RIL petroleum got a huge open intrest build up .. WIth the operations are expected to start in SEP of this year there is also retail investors seems to be buying in this script.

Textile mey be in limelight after sugar sector for todays trade. Textile has consolidated enough and we dont see muh downside in textile from these lvls.
Expect some buying to continue in textile which started yesterday .. today also..

Reliance Industries (RIL) has initiated talks with global majors to offload upto 10% stake in its D-6 block in the Krishna Godavari (KG) basin.The Bombay High Court on Friday will start hearing the Reliance Natural Resources (RNRL) and Reliance Industries (RIL) case over the vexed gas supply issue ..

Cairn was in limelight yesterday with gaining alsmot 11 odd points .. expect it to touch 270 mark soon as the on the gas issue rerating of the company is going on..

ICICI Bank is planning to sell mortgage loan products in Russia..

Ess Dee Aluminium and Essel Propack are in the global race for Rio Tinto unit ..

Orchid Chemicals is looking for USD100 million sales from Japan in the next 5 years..

Larsen & Toubro Ltd (L&T) said on Wednesday it hopes to get a contract to add a spur line to the crude pipeline it is building for Cairn India, which Cairn insisted would be commissioned on schedule...

Future Group ties up with Godrej for consumer goods ..

nifty support at 4680 and 4620 mark .. resis at 4800-4850 mark...

have a grt day...

Market report 10 april 08

Mid cap was the flavour for yesterday and the party is gonna ontinue with yes bank and mastek beating the street with extra ordinary nos . we expect the strength to continue in mid cap sector today also .. expect some stock specific action . Sugar was in limelight with our two pics bajaj hindustan and balrampur chini going boom boom gains .. traders are the best one to play in these kind of markets . Short cvring in the end led the sensex top close with the gains of 200 points , but nifty was not in much action yesterday and nifty is still in discount showing the short positions beinng created in nifty.

The result season in going on and street is happy with the start , but the question here is will all the companies will be able to deleiver the result like yes bank . that is multi millioner question and the answer is no .. With Forex derivative going round the corner , there wont be much companies to give awsome results like yes bank and the one who deleiver would definately be the gem of past and future.

TEA, FMCG , sugar now wat ? yes the other sector is also expected to witness some action and the rally gonna spread its wings ...

SEL Manufacturing is planning to invest Rs 612 crore for new unit..

Dabur Pharma to supply anti-cancer drug to Thailand ..

Dhanus Tech is eyeing $30 mn buys abroad - ..

Yes Bank Q4 net rises 109% and is reported to be in talks with foreign majors...

MMTC and Tata Steel are likely to join hands for bidding overseas mines..

trade with nifty at major support of 4620 if nifty stays abv that no worries ... 4680 is termed as positie bias support ... nifty resisi at 4800-4960..

have a grt day !!!

Market report 9 April 08

Absence of any trigger made sensex to follow its asion peers and on account of heavy selling in LNT sensex lost some ground . The nos will be start coming soon also traders are taking some positions on account of expectation that there might be some good nos from leading IT and mid cap comp. IF rupee falls further you may see some value in It comp from this posint of time .

Sensex loss was mainly on account due to the no volumes in the market , mostly retail investor is sitting away from the market and its only traders who are playing .
FUnd houses are sitting on huge surplus to be invested so asthe FII but when would the the time came no body knows.
IF some one from this point of time quits the market he is the biggest looser , according to us down the line you will see the bullishness back and then u will feel sorry for your action . Believe in India growth story and invest step wise.
Further with elections in pipeline there could be some chance that markets may underperform for some time and that would be the critical period for the investors to hold down their breaths ..

Today on account of absence of any positive clues , markets may open a bit weak .
Mid caps are showing strength as they showed yesterday ..
We expect some value buying in selective mid cap counter and stock specific action would be there ..
Orchid chem has risen enough on the rumurs and now its time to reap ..
We at moneygurus have given you the buy call of Orchid at 120 Rs .. now its 240 on accout of rumurs or fundamentals its all destiny.
Three lakh Orchid shares were picked up from the open market by the management of Apollo Hospitals


Rel capital is another stock that is witnessing lot of action . with 1050 acting a strong support we maintain buy call in this scriots in declines at 1080 to 1150 lvls.. nerterm trgts are 1380-1420..

Mumbai based Spanco Tele is looking to expand to China, Malaysia..

GTL Infrastructure and the Essar Group have agreed to combine their telecom tower businesses into one entity in a transaction that could be worth at least $2 billion..

Brandhouse Retails Ltd, the retail arm of textile company S Kumars Nationwide Ltd, would launch a chain of stores selling private label clothes ..
..

Trade according to direction in markets ..'

Have a grt day !!!

Market report 07 -April 08

Inflation rose to 7% and the reaction is already seen in the markets on friday where we have seen a dull session througout the day with negative closing and sensex closing to the heavy loses.Though goverement is taking steps to control the inflation by lowering the import duty banning the exports and other thing but these measures seems to be taking time to control the inflation . Markets are expected to trade in the same dullish manner with bias towards the bearish zone . The no clue markets are always like that . the next trigger markets could see is the IIP numbers that are to be released on the friday . Although the asian markets are trading firm we may underperform as usual and give away all morning minor gains to late hours of trading . becasue of domestic negative newz flow.

keep an eye on ....

Bharat Heavy Electricals Ltd (Bhel), has lined up an investment of Rs 900 crore for its non-core operations...

Wockhardt Ltd is planning to raise funds through Private Equity for its group company Wockhardt Hospitals..

JK Tyres is looking to invest Rs 480 cr for capacity expansion ..

Lanco Infratech Ltd will call for bids to procure equipment for its 500-megawatt Teesta VI hydropower project by the end of this month.

WE suggest the wait and watch policy for today with no trades as markets look totally clueless..

have a grt week!!!