Market report 09-May-08

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Sensex yesterday traded in the safer zone and closed some hos abv the support lvls. Still abv 5050 is considered as bulls and we might see some longs beong cvrd if nifty goes below 505 mark.. becoz that is being taken as support for nifty buyers.. nifty was in premium ..

Yesterday dull trade might continue for today also.. as Asian markets were trading weak .. Dow however closed in green but that did'nt impressd asian markts much..
We might have negative to weak closing and further dull trade ahead of triggerless mrkts.

Inflation nos might gv some swings to mrkts and we dont expect much outstanding nos from inflation that might be just lower then the previous nos..

Frontliners of reality like DLf , unitech , HDIL , have fallen much from their recent highs..
If mrkts correct they wuld be further cuts in that.. but if we rcvrd frm these lvls as expected .. stocks like these wuld def lead the way..DLF, unitech , jpassoc, praj,. lanco, hdil, rel cap, cairn , punjjloyd..

IT might be in limelight and may remian for few more weeks till ruppe is expected to trade weak against dollor..
OIL sector continues to have buying .. with scripts like cairn , hoec, selan ,,, were in limeligh..

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have a grt week end...
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Market report 08-May08

Sensex closed marginally lower lvls.. though outperforming its asian peer hangsang.. The major reason behind the weakness is bad gloabal cueues and the offcourse the reason is crude. Almost all the countries and specially developing countries are in worry of rising crude prices.. if Golman sachs are to be believed the price is still low and we can see crude settling at around 150$ mark..

though 125 plays a important resis lvls and 110 as support lvls for crude.. but as per anaylst if 125 id broken it will start trading in 125-135 region mark..

High crude prices will def effect the companies as well as govrmnt . GOvrmnt as of now might not pass the hike to consumers like us as of now ahead of elections but the oil companies are sure gonna suffer from these..

Alrdy companies like CAirn , RPL , HOEC are getting some attention from the Fund houses and if crude kep boiling like this the companies will definatley be buys at these lvls..

Markets expected to have a another weak trading day .. and though no major downfall is seen.. rumurs are there of some major correction but shorters who have shorted nned some cut which they are not getting so rumurs wuld always be there.. but we dont see any major sellof as of now..

FII are not as much active buyers in the month of april and if u see the FII figures the inflow towards equitie is just marginally in plus ..

Local funds are were buyers but they are also buying with very care and in small nos..
With low volumes liquidity is major problem in shrt term.. and we are not getting FII money as of noww.. is def a concern..
Long term we dont have worries as GDP growth is expected to be 7-8 % in this FIN ahead of inflation and 8-9 % in FY09..

Yesterday GOvmnt asked steel comp to reduce steel prices by 4000Rs ton .. and they got aggred by some conditions .. some pressure might be seen on steel comp...

watch out for...

The Government to divest residual 26.12% stake in Tata Communication ,,might show som action..
RIL and Essar Oil to bid for ONGC's unviable Kakinada refinery..

LIC to dilute it’s holding in IFCI and is awaiting cues from the government on its future strategy..
Promoters of DLF Assets, lend more than Rs11bn worth of interest-free loans to help the arm pay for properties bought from the listed company..


Nifty will take supprt at 5078.. resis at 5175 now..

have a grt day ..

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Market Report 07-May08

Itwas a day of profit booking for all .. sensex lost more then 100 and nifty doing some weird movmnts triggering all the stop loses and major 200 DMA sl to close just abv the 5150 lvls...

Nifty from here if we see that has tried thrice to cross 5250 mark ., but each and every time came dwn to decesive lvls.. so there is shrt term dwnside that is surely gonna be there .. nxt time in caome back we mifgt see nifty crossing 5250 mark.. but again at5310-5330 lvls... there is a resisitance and we might not be able to cross that..

With the close below 200 DMA in nifty and the shorts being build up freshely we might see some dwnside .. though 5078-5095 is immediate shrt term support for the nifty and we might take bounce bk from mthese lvls.. nething that goes below that nifty could touch 4975 lvls..

We are tradin in the very specific range of 5000-5250 in nifty and this is best thing for shrtt erm traders to buy momentum stoocks in lows and sell at highs..

Stocks like jp assoc, unitech, lanco , praj ., dlf , icici bank , rpl are the few that can be traded for thses...

but stay away fro the sectors which havent performed much or looks laggard behing like pharma..

IT is was in action yesterday ahead of the ruppee being weakend against dollor and the analyst says the lvls gonna be this much ahead may be 10 days so IT culd really show us some firewrks.. but whtevr it wuld be... this wuld be for shrt term and do book profit at higher lvls..

Stocks like polaris, satyam , wipro shoed some momentum yesterday ..

Watch out for tech mahindra today..

ITC, dabur..HUL had some inters being build up yesterday and there is some fund buying in this scripts st all lower lvs..

With DOw closing in gains and crude is boiling at 121 $ .. there is nothing the asain market showing .. we might see some positiveness.,.,. but the overall choppy trading day is expected .. with .. buying at lower lvls and shrt cvring at lows is expected..

traders are advised to book profits at highs and buys at lows.. startegy..

Bharti Airtel may rope in SingTel for MTN buy..the deal is done wuld be positive for bhartii..

Suzlon arm fined US$19,000 by US body for allegedly violating air pollution control norms..

Sobha Developers to invest Rs2bn in Bangalore..

Reliance Infrastructure buys back shares worth Rs3,430mn..

Pritish Nandy Communication signs three films with Sony Pictures..

Geojit Finance to hive off commodity broking biz...

nifty at suppst t 5095 -5078

have a grt day

Markety Report 06-May-08

It was a dull trading day yesterday and expect the same today also.. though there is no major dwnside but intrday some cuts are expected.. as DOw closed in red due to the MS getting its bid out from the yahoo and crude boiling at 120 mark... crude is in trange of 113 to 123 as of noww..
Some correction is due ...as we dont expect to fall to 80 mark.. but yesthe crude will definatley boiling too high.. OPEC says they can take it to 200$ mark but ,, thats long away as of noww it will trade in 100-200 range at the lower side..

Today another dull trading day es expected with selective stock in action..
Yesterday UCO bank and PFC witnessed a huge fund buying and u can see the script has gained how much..

Nifty is facing resis at 5250-5300 mark.. as we said earlier... due toweak global cueus ,, weak openg in expected in nifty ,, nifty will take support at 5100-5160 lvls...

DOnt trade long if nifty trades below 5160 mark...
Construction space was in actionj yesterday with GVK , punjlloyd, kolte patil and others...
SOme action might be seen today also in these..

NDTV Imagine plans to enter Hindi film Production by producing at least four mainstream Hindi films in the next one year...

Bharti Airtel Ltd, which is India's largest mobile operator said that it had initiated discussions to acquire a stake in South Africa's MTN, which has operations in 21 African and West Asian countries..

Hyderabad based GVK Power and Infrastructure Ltd, which is modernizing the Mumbai international airport, is restructuring its businesses to raise more money by forming a few intermediate holding companies which intrun will have subsidiaries.. keep an eye..

TTML advanced by 5% to Rs37 after reports stated that the company plans to invest around Rs1.65bn in Gujarat on expansion. The company plans major expansion in the rural areas of the state. ..

Patel Engineering has bagged the US$280mn Taum Sauck Upper Reservoir Dam reconstruction project in USA..

BNP Paribas and Geojit Financial Services have worked out a plan to overcome the regulatory hurdle that has come in the way of the French banking group picking up the majority stake in the Kerala-based broking firm..


Finolex Industries plans to sell off its SEZ land in Pune for Rs4bn..

Kesoram Industries has lined up Rs8.4bn expansion programme at its Uttarakhand tyre complex..

seems like we are in range of 5000 to 5300 as of now..so trade accordingly with buys at lows and sell at highs..

have agrt day

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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