Market Report 16 th may 08

With the sensex outperforming the rest in the gains..the nity climbed up to 5100 lvls.. The gains were mainly due due to shrt cvring upto 5070 lvls but later afternoon there was afresh buying seen in lots of capital good sector wioth realty also doing good and sugar sector on newzz of govrmnt raising the prices ..

The Dow had agood gains yesterday close with alsmot 100 points on accnt of somne positive newzz , Cnet being looked for buyout and crude fallin..These factors were enough to give DOw some roar..The asian markets are trading in green and expect sensex to do well today also , with straight 2 days of gains we will be in good gains today., though inflation figures will be released but mrkts have ifnored the last 2 weeks inflation figures but this week we think it might put some positive effect to inflation with good nos..

Rcom buy call 2 days back by moneygruus @ 535 lvls have closed @ 590 lvls yesterday .. this is calls buy before the newzz .. and u can get this only thru moneygurus.. Reliance infratel a subsidy of rcom get SEBI approval of forits issue , its planning to divest 10% of its stake ...

also Reliance Communications (RCOM) has obtained a $750-million (Rs 3,000 crore) loan from China Development Bank to fund its nationwide GSM foray..

The ipo market is improving and so the issues started coming The Multi Commodity Exchange of India (MCX) has received approval from SEBI for its much-awaited initial public offering (IPO). Financial Technologies hold majority stake in MCX..keep eyee..

Reliance Industries (RIL) is learnt to be talking to three mid-sized oil companies — Australia’s Santos, Devon Energy and AARCO of the US — to bid for oil and gas blocks in the seventh round of the New Exploration Licencing Policy (NELP). ..

Wipro Ltd plans to build custom-designed solar and other renewable energy plants by entering the green energy technology business ,...

Tech Mahindra has bagged US$700mn contract from BT..

L&T to utilize Lafarge money for expanding shipping, power and infrastructure projects..lafarge has just bought LNT concrete buzz..

daily trade calls at http://forum.fnotrends.com

Have a grt weekend ...

Market Report 15 MAY 08

Market saw a good rcvry on the accnt of support from good opng from europe..the momntum stock gained .. ahead of shrt cvring and some FII buying . FII were net buyers from last 2 days. The yesterday marekt which was trading in weak zone in the monrg bell gained strength in the later half to 17,000 mark.The sensex will today try to brk that resis lls of 17250 ..Nifty too expected to face resistance at 200 dma @ 5075 mark..

Dow closed yesterday with half of the gains that it have gained in intraday ..Dow was trading with three digit gains to close at adequate marginal gains while nasdaq was almost flattish . Asian markets are in support of bulls to be trading at green range . Today anything like rally does'nt seems to be visible but anything like short cvring in stock specific can definate gv some spikes to the stock value..

Our buy call for lanco @ 440 marked 520 marked yesterday .. lanco is in newzz to win the 8000 cr contract to handle container .. in kerala port.. the stock wuld be in action today also and is expected to mark certian lvls..

Mercator Lines has reported strong results for Q4 and full year. The company has posted almost a 3-fold jump in net profit for FY08 at Rs3.7bn, supported by growing fleet, buoyant shipping demand and firm freight rates in dry carriers segment..

Dont expect much from the market as FII are buying very slowly and its almost very low amnt as compared to the previous yr.. also the volumes have fallen drastically in the trading specially the deleivey volumes..which shows the bulls are still not cnfrm .. the only startegy to wrk here is buy in lowss and exit as soon u gt proft from these..

Cement stocks could be under pressure after companies pledged to cut prices, joining steelmakers in the government's efforts to curb inflation.. it may be for 3 month time but it is done. so stay away from cement sector as of noww..

JSW Steel surged by over 4% to Rs996 after the company announced that it posted 14% growth in crude steel production in April' 2008 including production of Salem works for corresponding period on comparable basis.. we did the buy call of jsw to our members at 900 lvls.. and bookd profit yesterday...

Kinetic Motors has clarified that the news about M&M buying a majority stake in it is purely speculative..

Bharti and MTN in talks for 50:50 cash-share deal..

EDS arm, Mphasis may go private following HP deal..

Punj Lloyd plans to offer onshore oil rigs to Libya’s National Oil Corporation. (..

Satyam loses appeal barring its moves to block the online mobile payment company Upaid’s fraud and forgery claims against it in Texas..may hv sm -tive effect..

Shyam Telelink gets CDMA spectrum in Maharashtra..

Monsoon to reach Kerala on May 29, three days early.. this is tye onlyyy trigger that can be in favour of bulls..

have a grt day ..

trading call at http://forum.fnotrends.com