Thursday, May 22, 2008

Crude as said earlier will cross 138 levels

Airline stocks because of rising oil costs and banking stocks might tumble on the possibility of interest rate hike

Nifty Upper levels 5144,5166 Lower levels – 5066,5033


Keep eyes on Ifci , Praj Ind and Kirloskar Bros for short term investment

Sell Suzlon energy,Sasken communications

Since, the Market is Likely to Open on Lower , Due to Weak Global Cues.

RELIANCE

NATURAL(RNRL)..........

BSE Code : 532709 (113.60)

Buy around 111.10 to 112.30 ..............

MANALI

PETRO......................

BSE Code : 500268 (17.62)

Buy Around 17.62 to 17.70 ..............

NEYVELI

LIGNITE......................

BSE Code : 513683 (151.35

Buy Around 150 to 151 ..............

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FIIs turn sellers

Foreign institutional investors (FIIs) turned net sellers in equities worth Rs 3,198 million on May 20. They bought equities worth Rs 31,197 million and sold equities worth Rs 34,395 million. Till May 20, they have been net buyers in equities worth Rs 227 million.

FIIs turned net sellers in debt segment worth Rs 490 million on May 20. They did not bought any debt but sold debt worth Rs 490 million. Till May 20, they have been net sellers in debts worth Rs 179 million