Thursday, May 10, 2007

Newsletter dated 10th May,2007

U.S. stocks rose on Wednesday after the Federal Reserve's latest policy meeting ended without any unwelcome surprises, allowing investors to refocus on the solid outlook for corporate profits. The Federal Reserve left benchmark interest rates unchanged and in its policy statement said the economy growing at a moderate pace, and that core inflation, while elevated, is likely to slow. Stocks have rallied in recent weeks on surprisingly strong first-quarter results, a steady flow of major takeover bids and share buybacks.

The Dow Jones industrial average <.DJI> gained 53.80 points, or 0.40 percent, to end at 13,362.87 -- its 21st record closing high this year. The Standard & Poor's 500 Index <.SPX> rose 4.86 points, or 0.32 percent, at 1,512.58. The Nasdaq Composite Index <.IXIC> was up 4.59 points, or 0.18 percent, at 2,576.34.

The Nikkei average was flat on Thursday, weighed down by Toyota Motor Corp.After yesterday's rally, the Nikkei lacks news to further advance, and some investors took profits in recent gainers.Japanese corporate earnings are pretty good, but still not strong enough compared to their peers overseas. The Nikkei <.N225> finished the morning flat at 17,748.71, almost unchanged after hitting its highest close on Wednesday since February's global equity sell-off.

The blue-chip Hang Seng Index <.HSI> was down 0.3 percent, paring earlier losses.The index opened down 0.6 percent at 20,729.52. Other Asian markets are trading flat at current point of time.

Sensex might open higher but would be within a narrow range.. Surprisingly Technology stocks will move up today. They have been falling consistantly in last few days. Now we might see value buying in them...

BUY CALLS....
1. GAIL

2. TCS

3. INFOSYS

4. SATYAM COMPUTERS

5. TATA MOTORS

6. MOSER BAER

No specific BUY price is mentioned in my above calls (it will be mentioned to our paid clients only). Do your own homework before trading in the above stocks.

Note:-
1. Place Stop loss 2-3% below your cost price.
2. Do your own homework before trading.
3. Book profits if you get 1-3% return.

ANURAG DUJARI
Mobile - 09831909904, 09433988791, 09330911514, 09883059291
Messenger ID - anurag130
E-Mail - anurag130@yahoo.com

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