Market Updates

As told ICRA went up by 20%.. now its on high end.. one should book profits..

Suzlon which was advised at lower levels in going great.. so is ICICI and L&T..

Market should correct a bit before going further.. Book partial profits in all holdings..

Friday was ICRA day

What a debut.. From listing price of 540 to 860 and finally closing at 797. That was ICRA for you..
The hunger for the scrip is still there though its over priced now.. A 20% upside from here is very much in sight.. Its mainly because it was a small issue and MF/FII would like to have it...
Market was decent overall on good results by Infy.. Infy was a good buy around 1950 levels..

Market can correct a bit after good rally last week.. 12500-13200 should be the range..

Be Ready for a black Monday

In wake of RBI's CRR hike, on monday market will see a heavy downside.. Especially Bank, Real State, Auto.. But almost all sectors would be affected..
Short selling can be done on big bank stocks..

Market News And Updates - 28/03/2007[EOD]

Market closed very weak today. Same is expected for atleast tomorrow.
Global cues are not good. Market seems to be in a range from 12300-13300.
No long term investment should be done now.. Get out on small profits and buy again at lower levels.
Though BHEL has showed strength but it has very high resistance at 2330.. so it can be sold around 2300 levels and bought at around 2150 again..
ForINFY the next support is at 1900 levels.. fresh entries can be done there..
L&T has a very strong support at 1475 levels.. Siemens has support around 1000 levels.. These levels can be good entry points..

Sugar stocks are showing some strength.. Balrampur Chini and BajajHin are only quality stocks..

Market News And Updates[Premarket - 26/0302007]

Though market closed slight negative on friday but the sentiments looks bright..
Asian Markets are trading mixed with a positive bias.. Action may shift to midcaps now.. IFCI will see action on account of ICRA IPO response and stake sale news..
Also S.Kumar nationwide will see action..
Biggies may

Market News and Updates - 22/03/2007[EOD]

Market continued its upmove supported by positive global sentiments..
Nifty has resistance around 3900.. Once that is crossed a rally upto 4010 is on cards..
3860 should act as support for now..

Buying was seen across all sectors particularly heavyweights.. Our pick ICICI did great again..
1000 levels are very near..
Tomorrow should be big day for all private telecom stocks.. Cabinet clearing 74% FDI in telecom a big news.. Buy Rcom, Idea, bharti for short term..

Market News and Updates - 21/03/2007[EOD]

Market performed very well today. ICICI Bank was clear winner. Expect more upside in the stock.. its good bet for medium term.. any dip should be used to buy..

If market closes above 13200 then we can say worst is over for now.. otherwise short positions will be created at higher levels..