MarKet report 23-May08

Markets looks for some sort of relief now .. as crude falling to 130 mark .. thissems to be consolidation for crude for the next rally ..but there wuld be some sort of short cvring that might carried out what is required here is the good inflation nos which might increase the sentiments and might force traders to cvr their shorts ...

5050 wuld be nifty resistance and upside 5082.... where as support wuld be at 4980 mark...

There is no fresh trigger in the markets the range is gatting narrower nowww.. it was 4900 on the downside and 5220 on the upside but noww it has narrowed more towards .. 5020 on the dwnside and 5170 on the upside .... the range trading on nifty is the signal and the preaprtion of nifty for any kind of rally that rally may be brkup or brkdwn rally ..

Keeping the positive aspects that wuld be lower inflation nos.. good IIP nos .. Good monsson and lower crude..

where negative factor wuld be rising inflation , high crude rising , bad iip nos.. and govrmnt uncertaininty ...

any thing lower side wuld be limited may be 4720 or 4600 .. upside also it wuld be i limited towards 18K in sensex ..

We advise to lighten ur post and buy onlyy with mid term view..or long term view..

Videcocon Industries plans a major consumer electronics retail foray across West Asia, Europe, Africa and Latin America ..

Gujarat State Petroleum Corporation has firmed up plans to set up a 7.5-million-tonne LNG terminal in joint venture at the Adani group-managed Mundra port...

Hewlett Packard clarified that it will not make an open offer for Mphasis shares.. no party time for mphasis share holders..

RCom talks to television vendors for DTH launch..
Jindal Steel & Power may secure mining license for 20bn tons of iron ore deposits of El Mutun mine in Bolivia..

Expansion plans of SAIL and RINL on track to double capacity by 2010 at a collective cost of Rs630bn says government..

have a grt DAE and week end '
team moneygurus

Market report 22 May 08

We told u much before crude is heading towards 135$ mark and here we are u can see the crude boiling towards 134 mark and the effect also be seen when DOw tumbled almost 200+ points and fears of high inflation and crude prices.. the rise was mainly due to the newzz that crude current production might not be able to meet the requirements..

Indian markets recvrd the loses very smartly yesterday with mid cap was in good action , but how wuld be today , with global weakness it culd turn out to be bad day for the bulls although we are in narrow range of trading 4900-5200 ... but frm these lvls it is offcourse we may see some dwnwards towards 5050-5000 lvls.. 4930 wuld remain the mind lvls and 4900 the all long lvls to hold...

some of the low lvls oil ref comp saw a spike yesterday trade on acccnt of crude .. like HOEC , RPL , tamil naidu petro ... stake sale newzz of cairn is totaly on baseless rumurs and u wuld be hesring taht soon .. market was hot with open offer newz of cairn shareholders but it is as of noww baseless rumurs..

IFCI made a come back but again rumurs playing here .. bidding by RIL @ 96 pers share ... rumurs might take it to 68 lvls... and doo book profit bcozz there is no such news as of noww..

Rohit Ferro-Tech Ltd (RFTL) has entered into a memorandum of understanding with the Pacific Samudra Perkasa Group of Indonesia to acquire 60 per cent stake in two coal mining companies in Indonesia... the stock has performed extremlyy well in the last 1 yr , if u compare it with return of sensex its almost more that double as compared to sensex.. its a long term stroyy and investors are suggested to buy it with mid term view.. for good appreciation...

long can be trade at 5010 lvls with 4970 as sl in nifty and higher lvls shuld be used for profit booking ...

KGN Industries is engaged in the business of trading in agro commodities like castor seeds, edible oils like soyabean oil, palm oil, non edible oils like petroleum products, lubricants, used oil... saw something uncommon.. the script made high of 55,000 when the trading was halted by SEBI ,, it was getting relisted after the trading has been stopped 7yrs back.. now it will resume trading with circuit filter opstions .. of 20%.. something very uncommaon and very rare....

it is been known that only 1.5% of KGN share are in public and rest 98.5 are with shareholders of the company...

HDIL The board of directors of the company also announced that it approved 2 bonus shares for every 7 shares held. ..

Bharti Airtel has signed a US$35mn, three-year outsourcing agreement with Firstsource Solutions...
Lanco Infra gets US$150mn IFC credit for power projects..

GMR Infrastructure to diversify into corporate jet business and would invest Rs8bn for the same..

IFCI has acquired 46.7% shareholding of Mohan Exports Group in Foremost Factors Ltd in a transaction valued at about Rs116mn...
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have a grt DAY !!! TEAm moneygurus

Market Report 21-May 08

Crude is spoiling the mood everywhere .. DOw yesterday got butchered by another 200 points on account of crude rising and worries of inflation rising on this effect..
The crude as we told u long back abv 125 may tend to touch 135$ .. before correcting or getting settld at certain lvls..

With correction round the corner on account of crude factor we might see nifty with gapdown opng while it takes support at 5050 and 5000 lvls .. any dip we reccom u to buy in momentum stocks and ur qualtiy pics that will show u good rcvry..

Stock specific action wuld be there like yesterday .. and u need to hit the bulls eye .. to get into right script..

Some of our performance in last 2 weeks :

Suzlon reccom at 278 for 320 .... target hit...

Sterlite reccom at 780 for 900 cmp 935+..

JSW steel reccom at 900 and abv 1000 cmp 1135...

SCI reccom at 230 for 300 trgt hit yesterday....

rcom reccom at 535 for 600 trgt hit 1 day back...

Tisco reccom at 835 for 900 trgt hit ..

ICICI reccom at 880 for 950 .. target hit 3 days back..

Cairn reccom at 250 and 270 for 320-335 target hit yesterday ..

ITC reccom at 215 for 225 and 230...

Rpower for 435 and trgt 2 ---- trgt1 hit trgt2 pending..

RPL at 175 for 190 and 210 ....

and the list goes on these are few of our very shrtterm calls and along with small cap and mid cap .. dlvry calls that are in pretty good profit ..The multibagger calls are hitting uc .. and wuld def give us our trgts...

Nifty will be in pressure today and any hope of rcvry will depend on the afternoon trade after opng of european mrkts...

GMR Infrastructure has decided to merge GMR Aviation with the company as part of a move to foray into the aviation business. ..
..
Suzlon Energy is considering the sale of part of its stake in REpower..
Bharti Airtel in an alliance with IOC to access 18,000 retail outlets and 5,500 Indian distributors..

Cairn India to explore oil and gas in Rajasthan Hadauti region..

Educomp Solutions acquires 51% stake in US based Learning.com for US$24.5mn..

The Poonawala Group has picked up 7.22% stake in Orchid Chemicals.. report says they may buy more in the cming time.. keep an ey on orchid here..
Mercator Lines plans to acquire more oil rigs..

Lanco Infratech to form a holding company for its power business..

SCI announced a bonus issue of shares in the ratio of 1:2 , i.e. one bonus share for every two shares held...
..

have a grt day...

Market Report 20 May 08

With the monday leave and a long weekend , sensex is expected to trade in a soft manner , with flattish kind of clues from the asian peers where DOw also loosing all its morning gains . DOw which was inturn trading with the gains of 130+ in the morning loses all gains on accnt of some bad newz by leading comp san disk ..Asin peers are trading weak on accnt of crude boiling abv 126$ to 127 range ..crude is expected to touch 135 abv 125$ as per the analysts .. more and more fund houses are investing in crude to reap the short term gains...
Sensex after a good runup in last week might look for a bit rest in thi9s week .. nifty at 5180-5230 faces resis .. we might see selling coming in at higher lvls.. and buying in dips..
Trade abv 5100 for buys and sell at highs.. 5080 is the sl shuld be kept for intraday trade..

One good thing about Friday's rise was that FIIs were net buyers in cash as well as F&O. But, here again it remains to be seen if this is a turnaround or just an aberration. The overall mood is still cautious...
M&M is another stock to keep an eye on as a newspaper reports that it is eyeing Italian bike brands..
Tech Mahindra may be in action as a business daily reports that it is likely to bag a big order from BT..
RCOM is set to launch DTH services in 4,000 towns.. KEEP AN EYE ..

GAIL may become a consortium partner in the Pakistan-India portion of the Iran-Pakistan-India gas pipeline project..
Reliance Infratel dilutes 5% stake in pre-IPO placement..
BSEL Infrastructure Realty has signed a MoU with the Government of Malaysia for development of the proposed Iskandar metropolis at an investment of Rs180bn.. NEWZZ BASED MOVMNT CULD BE SEEN..
Quippo Telecom Infrastructure is likely to buy 49% stake in Tata Telecom Teleservices.. KEEP EN EYE..

HSBC acquires 73.2% stake in IL&FS Investsmart for Rs11bn in cash..
Bombay Dyeing is considering demerging its real estate business into a separate company...our buy call t 800..

Shree Precoated Steels decides to hive off its steel business into a separate company..
Mercator Lines enters into coal mining business through its subsidiary in Singapore..
Omaxe plans to foray into Dubai property market..
nifty will face resis at 5180 lvls and supp at 5080-5056 lvls..

havea grt week ahead..