Market Report 28 Feb 08

Markets again attacked by the bears in the later half and the trigger was none other then the negative news from the credit concern from the europe and when the europe opened in red, the sensex overreacted and bulls were again beated down by bears .
The data clearly shows the FII creating fresh short positions and even the shorts being rollover by the march , time is not far when the trend will reverse and the short being converted to longs .

Indina seems to be overreacting to any mild -ve news and neglecting all the positive news , but we have faith in emerging market of ours when hangsang was up and closed with modest gains why sensex being chopped and made to fall , ofcourse the sensex is anytime giving better retun then hangsang .

What all is needed is a good budget and here we goo ...the bad days will be gone. Meanwhile the stock specific momnetum continies and news based buying was there . We had asked all not to catch up in early spike so no calls were gvn in monrg but mid dayn calls and btst were target hitters by moneygurus.

ANyone can regiter with us and enjoy the free service , as of now at the given link .

Today with the DOw closing with flat , Asian markets are trading a bit weak and ofcourse when sensex could not stand the postitve markets how would it react to the weak market but we expect sensex to show its momemtum in the later half and what we have lost yesterday will be balanced today , so we dont advise u to biuld any short positions from here on .Short can only be build if nifty cant stand 5250-5200 mark abv that there should not be shorts build up.

FM would be in action tommorow expectation od textile , fertilizer , infra ,rubber , jewellery ,IT and ofcourse export sector all these were hit by ruppee appreciation factor. and gonna get some advantage ..we are out with momentum calls for budget..

Expectations are that the corporate income tax rate may be cut or the 10% surcharge on corporate tax may be abolished. The surcharge is 10% on a tax rate of 30%, making the effective corporate tax rate 33%. Another possibility is that of a cut in dividend distribution tax from 15% to 12.5%. ..
Also FM may raise the Securities Transaction Tax (STT) slightly. STT is currently at 0.125% on delivery trades. STT is 0.025% on non-delivery trades on sell transactions. STT is 0.017 % in futures & options segment on sell trasactions.



Watch out for ..
SpiceJet is likely to fly to gulf and china..
BGR Energy Systems has won a BOP contract worth Rs 793 crore from the Andhra Pradesh ..

Nagarjuna Constructions is actively looking for a foreign partner for getting into auxiliary equipment business, used in power plants...
Dabur Pharma is looking out for a buyer and said to be in advanced stage talks with a renowned PE firm...

Shasun Chemicals formed an exclusive deal with global pharma biggie Merck & Co ..

Trade long if nifty holpd 5250 mark . nifty got good support at those lvls..
resis at 5301-5365 lvls..
Have a grt dAY !!

Market Report 27 Feb 08

It was some how Lalu ji effect that can be seen , some good announcements and the aam aadmi is happy to see the cut in rail fair, the rail budget was a minor trigger for the bulls to react but the majot event would ofcourse be the Union budget , all eyes of bulls are there to take the advantage and attack the bears.
Meanwhile sensex took a good closing with a volatile day , but the gains were their enough to make our calls hits their targets whether they were round pattern brkout calls or resistance lvls brkout calls and newz based calls , all banged their targets and even traded abv that .

We believe the sensex nxt target to be 18100 after crossing 17910 mark today , although the global events looks good with DOQ gaining good amount of points after being report if IBM buyback of equity , the DOw jumped to close abv 100+ points of gains..

WIth the abv then expected rail budget , Sensex is also expected to show some momentum and bulls looks for attck and might be some positive newz and some positive brkout bulls can very well be in form .
What the reason behind the lacklusture of sensex is very less participation from the retail investor as the reason every one know , but it wont take much time for the retail money again coming in in time .

A good budget , can trigger the sentiments and we can see retail ppl again putting their money in the field.
Mid caps and small caps outsmarted the large caps. Realty, IT, Power, Metals and Oil & gas sector were among gainers. Tea sector witnessed huge buying.
IT companies like TCS , Wipro , Infosys and Satyam also get some hope of huge spending on IT being announced in budget.

. Asian indices closed in positive. Europe is trading in green. We expect again green day with mid caps in action as the mid caps were not showed much momentum yesterday in last few trades watch for them today ..

Reliance Finds Natural Gas in Mahanadi Basin.. watch out for newz based buying..

Bharat Heavy Electricals Ltd won a $269 million) order for a power project in Gujarat from Gujarat State Energy Generation Ltd for a 350-megawatt turbine-based plant that will be located at Hariza...

Cairn India has entered the race for acquiring two oil exploration blocks in Sri Lanka..


RELIANCE Energy (REL) on Tuesday said it will buy back equity shares from the open market. The REL board will meet on March 5 to decide on the quantity of buyback, reports Our Bureau in Mumbai. The announcement boosted share prices by 4.59% to Rs 1697.25. According to sources, REL may buy back shares up to 5% of its paid-up equity at a cost of Rs 2,000 crore. The buyback is seen as a step to shore up investor confidence...


NIFTY is expected to face resis at 5361 mark ... and some sought of profit booking come at that lvls , but crossing that mark we can see nifty at 5600.. nifty support at 5250 at 5140 lvls..
Sensex similar pattern faces resis at 18000 and 18110 lvls.. support lies at 17400 lvlss.

Have a grt DAY!!