Market report 2 May 08

Wednesdays trade was a merely wait and watch trade .. and investors and traders were cautios abt the Fed meet ahead,, so it was all in a limited bandwagon ..
Yesterday, Federal Reserve cut interest rates in US by another quarter percentage point bringing it down to 2%. This was the seventh rate cut by the Fed since last September, 2007..
The DOw jones on ahead of this lately realized and seems to be in party mood for trading ahead of the 13K mark . DOw gained almost 190 points .. in the yesterday trade and Nasdaq with 60 + points ..

on the economy front in Us ..., advance first quarter GDP rose by 0.6%, topping the consensus estimate of 0.5%. Separately, the ADP Employment Report, a measure of nonfarm private employment, showed an increase of 10,000 jobs in April, easily beating the consensus estimate that called for a decline of 60,000...

Crude and Gold bith fell and were trading to its month lowss ahead of this ...

Japnese mrkts are also trading strong and Indian markets are likely to follow its asian peers..

5250 in nifty plays a important barrier and bulls will try to cross these lvls..
We expect a huge shrt cvring if nifty crosses 5250 mark decesively .. but again as big analyst and big fund houses .. are saying .. thanks to leading TV channels that they predict markts are hands of bear and its a technical pullback in bear mrkts ..

we dont belive in bear mrkts .. inflation is a concern but growth if indian economy is intact , no doubt its the expensive mrkts of all its peers but the RoR is also the highest..

Nikkei is trading abv 14K and hangsang also with strong 500-600 points gains ..

There is no major trigger to the Sensex as of now . so it will majorly takes the clues from the asian markst and result of some of the leaders...

Stock to watch today are..
Mindtree is in newzz ahead of its takeover mood to aztech.. . Mindtree is one of the best mid cap scripts in IT and ahead if its takeover in Aztech we expect the futr is good ..
keep en eye..

The praj reccom by moneygurus made the firewrks on wednesday closes at 200 mark .. huge accumulation was there in praj and we may see some spike today also...

also Titagarh wagons which we reccom at 680 markst made a amazing 17% rise .. and there is more to come in this scrit..

R-Power to buy more coal mines in Indonesia .. keep an eye..

Its true that higher lvls of nifty we gonna see some profit booking so we advise traders as well as investors to book profits as soon as they get..
Major brkout in nifty will only be considered if we cross 5500-5600 mark.. and that looks a bit dicy right now..


keep an ey on Tricom India will consider a stock split today...

Reliance Communications to broaden its business canvas by foraying into the IT sector..

ONGC strikes oil in Deccan traps..


Cairn India has got the final approval from the petroleum ministry for laying a special pipeline to transport the crude oil from the field in Rajasthan to the Gujarat coast.. watch out today ..

DLF jointly with a Spanish builder has bid for US$4.7bn rail road contract in India..

RNRL expects gas from KG basin to start flowing from 2009..

Parsvnath Developers acquires 1.18 acre plot in central Delhi for Rs2bn..

Nucleus Software to spend Rs300mn for setting-up a software development centre in Jaipur...

We are tclosed abv 200 DMA and at this point of time nifty looks extremely good.. we expect nifty to touch 5330-5350 mark ahead.. with no major downside till we get some extremely bad newzz..

have a grt day .. and rocking weekend ...

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Market Report 30-April 08

It was a wait and watch day for the markets yesterday untill The RBI Govrnr came up with monetry olicy .. the Govrnr shocked the markets with positive and it was all out of the expeectation .. even the major economist who were estimating the GDP growth of 7-7.5 %.. the RBIdeclared the growth forcast of 8-8.5%...Even the repo and RRepo rates were kept unchangd which wasa a majot booster for the mrkts . He hwevr incrsd the CRR by quarter % ..to suck the excess liquiduty..
But if we follow tha major bankers that wont effect much in their PE values and rates hikes as of now is tottly ruled out..

Reality and other sectorspecific saw a immediate rection and stocks like DLF n Unitech were in action .
Our clints have reaped the benefits of both stocks ..

AS we have reccom DLF @ 600 and 660 and unitech @ 265 lvls.

Banks were in action and moneygurus specific call of Axis bank gained almost 40 rs from its buying lvls..

The nifty crossed the 200 DMA and was traidng with very strong volumes on the charts . THE fund houses were bullish on the nifty as of now. We have gvn to stay long in nifty with SL of 4800 @ 4925 and here we are alsmot300 points plus in nifty for nifty traders..

The markets wuld face stiff resis at 5250 and 5300 lvls now in nifty and significant selling can come at those lvls specially in the large caps and frontliners..

May special FNO call RCAP @ 1390 gained and closed almost at 1500 lvls.. and we are out with another big bang FNO call for our moneygurus subscribers.

RPL was reccom to clients @ 172 and 190 lvls.. @192 for FNO yesterday ..Momentum is seen in RPL ahead of its refinery completion newz ahead of the scheduled time ..

We have our profit booking lvls.. and we hve bookd the scripts accordingly..

BSE IT index also showed strength after Finance Minister extended the income tax exemption for software companies by a year to March 31, 2010. Stocks like TCS, Wipro, Satyam Computers and Infosys were among the major gainers. ..


Today, the Fed will announce its policy on interest rates and provide some clues on the outlook for the US economy..If FEd does'nt cut rate it wuld be considered as the economy is improvinng and if cut rated... still the investors wuld be happy so in both cases its .. win -win situation.
..

watch out for..

Reliance Power to spend US$650mn on Indonesian coal mine..

Cairn India to start Bhagyam output in 2010; receives approval to develop field with peak output of 40,000 barrels per day..

GVK group plans port close to SEZ in Tamil Nadu..(keep an eye)

3i Infotech acquires 100% stake in Regulus a US based company for US$80mn..


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have a grt day ...

Market Report 29 -April 08

Markets taking some profit booking in yesterday trade ,, and the morng gains were taken as price to exit by many big players by the end of the day.. it culd not sustain abv 5100 lvls though it manage to sustain nifty abv support of 5060 lvls..

There was a caution and very monotenous trade that is being going on on sensex .. traders are playing with the technical lvls as there is nothing to offer by the sensex as of now..

Though analyst are expecting another carnage before a fresh rally but we think otherwise , yes the corection may come but there is nothing such as crash or it does'nt seems possible to touch againg the jan lows..
4800 in nifty wuld play the important lvls for the players to take their positions and it wuld def gonna provide some support to mrkts at these lvls..

Gov of RBI wuld be gvng his decesion on credit poslicy today .. The mrkts will trade in caution zone and will ait for the trigger.. nething that the mrkts player dont like can make some damage to the indices...
though Mr Reddy already showed his concern for the excess liquidity in the system what measures and steps he takes that need to be seen ..

The banking stocks were already in mood of caution yesterday and we have seen some sought of profit booking and unwinding of positions in banking space yesterday ..

Given the high inflation, the central bank may hike key rates. The stock market has factored in a 25 basis points hike in short term rates by RBI..

also The two-day US Federal Reserve policy meeting ends on Wednesday, 30 April 2008. The market expects the Fed to cut interest rates by 25 basis points to 2% and then signal that its rate-cutting cycle may be over for now in the face of mounting global energy and food inflation pressure...

Reliance Communication today said it would launch GSM based nation-wide mobile services by the end of current financial year, to become the only operator offering mobile services on both GSM and CDMA platforms..

cairn , ifci , utv , nagarjun fert,.,, are the few comp to post theri result today...
..
Tata Consultancy Services (TCS) has bagged an eight-year end-to-end IT applications services contract from Scottish Water, a UK-based utility firm, worth Rs 454 crore ..

MindTree Ltd announced on Monday that it signed a multi-year IT Offshoring agreement with ArcelorMittal..

BHEL wins orders worth USD 840 mn ...
..

Stay long if nifty holds abv 5000 lvls.. with 4970 support .. resis at 5120-40 lvls..

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Market report 28 april 08

Sensex saw a brkout on fidays trade with nifty and sensex both showing the bullish pattern on charts , a brkthrough was enough as sensex closed abv 17100 mark and nifty will now find major support at 5043 lvls . The brkthrough was enough supported by the telecom players on friday when the rcom and bharti both gained momentum and closed with significant gains ..

We have gvn buy call on both Rcom and bharti .. and ourmemebrs have reaped enough intraday gains .. still we are pending on few trgts of friday calls..

ICICI and HDFC came out with very good nos ,,, which the markets were not expecting and the result wuld may be shown today , althogh some big intrday movmnt is not seen but yes the strong opng and follow on will be enough .. midCAPs will try to cm back and ofcourse oil and gas wuld be in action ahead of the crude prices trading at 118 $ ..

DOw jones on friday closed with the marginal gains ..Nikkei is following the gains and is trying to brkout .. with more then 100 points of gains ...

nifty abv 5100 will try to touch 5180 and 5200 lvls .. and may find some reisis at that lvl..

Alok Industries, Bata India, CESC, Eicher Motor, Finolex Cable, Glenmark Pharma, Godrej, Hexaware, REL, RNRL, SESA Goa and Welspun Gujarat etc are some of the major results to be announced today,, we are bullish on welspun , CESC, RNRL , here for good returns..

watch out for ..

Cairn India, which operates Ravva oil & gas field off the Andhra Pradesh coastline, on Sunday announced that it managed to extract 200 million barrels of oil from the field which was estimated to contain extractable reserves of 101 million barrels..

DLF plans Rs 1,250 cr to expand multiplex biz ..

Reliance Industries Ltd (RIL) is set to acquire majority stake in an oil block in Peru..
Reliance Industries plans to set up agri goods terminals in nine cities with an initial investment of Rs10bn..

Pyramid Saimira is looking at raising Rs15-18bn by listing its film production business..

Reliance Communication to invest Rs10bn on international data centres in the country.. watch out for out trgts today ..
..
Biotech major Biocon plans to set up a subsidiary unit for its research and development ...


trade with nifty if stays abv 5000 mark for bullish zone..
nifty at Support at 5060 Res 5180..

have a grt week ahead..

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