market summary 07-02-08

US seems to be in no mood of recovery , and people are facing the worst time in stocks over there. Although US media looks like in no mood to boost theiry feelings and daily giving recession newz . If recession is there how much India going to get effected , We believe that India as its own growth story , what is getting effected is sentiments not the economy .

Across Asia if recession effect is to be considered we believe that India will be definately a outcome winner and we will be least effected .
Yes some how a bit exports and IT may get effected due to lower expenditure on IT by US Comp , but most of comp have alredy started finding their alternatives and the prime focus is being shifted to Europe and UK side..

Markets closed yesterday with a mild recovery . As compared to other Asian country Indian markets closed in good enough support levles.
Today also we expects markets to open negativa to flat.
Intraday volatility may be theirand the overall day is believed to be rangebound with not much downside and same time no more spikes..

Power sector and Fertilizer sector is key to watched .Ahead of Rel power listing on Monday we may see some action in power stocks ..

Our call on Nagar Fert was in action yesterday and we saw the rise across the sector including the leader Deepak fertilizer..

Mid cap in yesterday trade did'nt saw much cut and it seems like mid caps stocks are making their bottoms and are likely to rally further in small time..
As we know currently frontliners are making all the action in the markets and the last 2-3 days back recovery all lead by frontliners , Mid caps were notlimelight and it is expected to make some action as soon they got some attention..

MId caps looks good at these levels for accumulation .
We have given our pics to the memebrs of Moneygurus ..

Bad response to ipo's are making comp to take some actions ,The latest example is Emaar MGF’s mega IPO, which has not just been extended by five days, its price band has also been revised once again. The issue will now close on February 11, according to investment banking sources.The lower end of the price band has been brought down to Rs 530 from Rs 540 a share. The shares will now be priced between Rs 530 and Rs 630 a share...

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watch out for

IOC may seek board approval for its Rs50bn Haldia paraxylene plant.. today .. our buy call is stil pending on with trgts..

L&T plans to invest US$5bn on power generation business; targets 5,000MW capacity in next five years..

SCI may invest US$800mn in its shipbuilding foray.. its very good mid cap buy at these lvls.. for mid term..

Ispat Group has acquired two coal blocks in Mozambique.. accumulate ispat..

Arvind Mills may demerge its brands and apparel retailing businesses in to separate companies.. chk out.. today .

Mundra Port to invest Rs100bn to raise cargo capacity..

Mercator Lines to acquire three dredgers for US$100mn in the next six months.. our buy call running .. trgts pending..

Reliance Industries is likely to enter realty space in a big way..

S Kumars Nationwide's retail unit Brandhouse Retails Ltd is likely to expand its total network of stores to 400 by the end of this year and to 1200 stores by FY 2010. its abuy in dips..

GMR Infrastructure acquires a cyprus company Delridge Ltd for an undiclosed ..

accumulate gmr..


Nifty is at support of 5250-5100... may face resis at 5300 5360..

longs can be hold keeping these lvls in mind...
have a grt day ..

market Report 06-02-08

THe overnight risk is here and its gonna stay here... As told that we will follow the global cueus for the time , and what we have is a very bad clues this morning . US markets tumbled after the weak job data came , Recession is almost confirm , and all aisn is trading with deep cut.

From here on we can see some cut coming into our markets also , but we dont advise to go short ,as the India itself is in growing state and there are number of issues that is leading bears right now.

Mid caps have alredy in their dips and we dont see much downside and as of now , RIl power allotment is done and people are getting their money back , The money would definately be going to enter the secondery market .
The market if open with gap down will give chance to swing traders but we advise wise traders to stay away and wait and watch policy .. as of now..

nifty at 5000 anfd 5050 is a very good spot any closing below that we can see some more blood ..
but if we stays abv that lvls there nothing to be worry and positions can be hold..

As there are not much FNO positions in the market the marging fall is not expected..

some good scripts can be bought which recovers fast and stardily..

Stay in touch with Moneygurus to benefit the most..

TCs laid of 500 emplyes under 2 yrs exprnc .. for performance issues..

HCL Tech is close to clinching a US$1bn outsourcing contract from a European telecommunications company..

..Canara Bank, Corporation Bank and Allahabad Bank have decided to lower interest rates on housing loans..

Reliance Communications to test-launch its DTH services, Big TV, this week..

Indiabulls Real Estate is planning a US$1.2bn IPO for its property trust on the Singapore stock exchange..

GMR Infra plans to bid for modernization of Prague airport..

GMR Infra to de-link its real estate project from the Delhi-airport upgrade plan..

Mercator Lines is planning to expand its business portfolio with an investment of around Rs60bn over next few years..

it was abuy call by moneygurus last week..

GTL enters into a strategic alliance with Ericsson UK for providing managed network infrastructure services in the UK market. (ET)GTL is close to acquiring a US$200mn European company. ..

Prime Focus and Warner Brothers enters into an agreement to provide film makers access to their post-production services..

have a grt day !!