Everything Spurt Like Rocket
YESTERDAY all are calls rocked long as well as short
OUR TRADING CALL OF ONMOBILE FLARED EXACTLY AS PER OUR PREDICTION, AND HIT EXACTLY 609 , OUR TARGET WAS 608 , WE HOPE U ENJOYED.
* OUR TRADING CALL OF MOSER BAER ALSO FLARED AND COMPLETES IT'S DAY TARGET OF 170 , 173, WE HOPE U ENJOYED.
* OUR TRADING CALL OF TULSI , ALSO FLARED AND HIT 88.50 MARK.
* OUR TRADING CALL OF SKUMAR NATIONWIDE , FLARED UPTO 105.40 MARK.
* OUR TRADING CALL OF YES BANK, FLARED UPTO 172 MARK.
* OUR CLIENT'S SPECIAL CALL OF BHEL, FLARED LIKE ANYTHING AND HIT 1786 MARK. IT'S WAS OUR BTST CALL , CALL SENT AROUND 1715 LEVEL ON TUESDAY.
SHORT ORCHID FELL UPTO 211 FROM 240
FOR TODAY
BUY NIIT TECH, COMPETENT AUTO,POLARIS,BOI
The market range is getting narrower which is a good sign and stop losses are getting smaller, The level to watch now is 4628 for the Nifty which is a strong support, If Nifty can breakout of 4820-4840 and Sensex at 16010-1050, then we can see new highs of 5000 on Nifty and 17100 on Sensex
Its the same thing which is still repeating in the markets what has been going on and
the expectation of a range bound market still continues. Three days in this week have passed and we have seen red and green on alternate days and that shows the undecidedness of any proper trend.
At a time when there has been uncertainty about outlook on corporate earnings, forecast-beating results of private sector bank Yes Bank announced during trading hours lifted the market on Wednesday, 9 April 2008. Yes Bank also said it had no delinquent derivatives exposures. Fears that banks may take a hit in their balance sheet because of foreign exchange derivative losses have triggered a steep fall in banking shares over the past few weeks. Yes Bank results helped reduce the fear.
Concerns about corporate and bank earnings heightened after recent disclosures from ICICI Bank, India’s biggest private sector bank in terms of net profit and Larsen & Toubro, India’s biggest engineering & construction firm by revenue. On 4 March 2008, ICICI Bank said it had provided $70 million in Q3 December 2007 and may have to provide another $50 million in Q4 March 2008 for mark-to-market losses on investments. A few days later L&T said one of its subsidiaries L&T International FZE, may incur commodity-hedging-losses of as much as Rs 200 crore in the year ended March 2008.
What added to the gloom regarding corporate earnings was lower-than-expected provisional results announced by Bharat Heavy Electrical (Bhel), India’s biggest power equipment firm by revenue, recently. Slower than expected execution rate and project specific delays could be the reasons for the lower-than-expected growth in the top line of Bhel.
Recent government action to rein in inflation has also added to uncertainty about outlook on corporate profits. The government has scrapped import duty on crude edible oil and banned the export of rice and pulses. It also surged steelmakers to cut prices of the alloy.
Asian stocks were mixed today. Key benchmark indices in Hong Kong, Taiwan and South Korea were up by between 0.04% to 1.3%. Key benchmark indices in China, Japan and Singapore were down by between 0.2% to 0.9%.