Newsletter dated 14th May,2007
U.S stocks rose on Friday, rebounding from their steepest fall in two months, on reassuring inflation news that may give the Federal Reserve room to lower interest rates. The PPI data eased inflation concerns two days after the Federal Reserve decided to hold rates steady, citing the potential for inflation to rise.
The PPI number and the fact that there is always hope that maybe toward the end of the year the Fed will lower interest rates, has helped propel the market higher on Friday.Dow and Nasdaq had a good sell-off on Thursday, but there's a lot of people who want in this market.
The Dow Jones industrial average <.DJI> was up 111.09 points, or 0.84 percent, at 13,326.22. The Standard & Poor's 500 Index <.SPX> was up 14.38 points, or 0.96 percent, at 1,505.85. The Nasdaq Composite Index <.IXIC> was up 28.48 points, or 1.12 percent, at 2,562.22.
European shares closed higher on Friday, recovering from losses earlier in the session, boosted by takeover talk and the strong performance of U.S. stocks after data indicated moderating inflation.
The Nikkei average rose 1.07 percent on Monday. Exporters such as Toyota Motor Corp. regained ground following an advance in stocks in the United States, one of the biggest markets for Japanese goods. The Nikkei could switch to a upward trend and try for the 18,000 level if Sony Corp.'s earnings and GDP data later in the week turn out to be positive.But the overall market is still solid as stocks that sold off sharply on disappointing earnings results seem to be able to regain ground the following day.
The Nikkei <.N225> finished the morning up 187.02 points at 17,740.74, and the broad TOPIX index <.TOPX> added 1 percent to 1,740.25.
The blue-chip Hang Seng Index <.HSI> was up whooping 514 points, and the Hong Kong-listed mainland stocks, or H shares <.HSCE> was up 4.3 percent.China's loosening of investment rules to let mainland investors pile their money into overseas equities would drive up turnover in the Hong Kong market.
All other Asian markets are trading in green.It seems that our markets will take a solid cue from the global markets. We have witnessed solid bounceback in the market on friday.We might continue this momentum this week.
Sensex is likely to open gap up 150-200 points led by Technology, Auto and capital goods stocks. It would be a broad based rally today. Last day I have already given positional call of M&M futures at 716 for a target of 742 and 754 which I think would be achieved today or latest by tomorrow. Since the market will open gap up, hence it is difficult to give long calls at opening bell.
Still we are tracking following stocks for BUYS at lower levels....
1. M&M
2. GAIL
3. ONGC
4. ASHOK LEYLAND
5. ACC
6. TATA MOTORS
7. ABAN LLOYD
8. BOMBAY RAYON FASHIONS
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 3-4% below your cost price.
2. Do your own homework before trading.
3. Book profits if you get 2-4% return.
ANURAG DUJARI
Mobile - 09831909904, 09433988791, 09330911514, 09883059291
Messenger ID - anurag130
E-Mail - anurag130@yahoo.com
Disclaimer and Terms of Use: Stock market is subject to risk. High risk high gain is the key to stock market. We are not responsible for any loss or profit associated with stocks mentioned on this site/ by us. Under no circumstances will we be held liable for losses incurred due to information presented anywhere on the site or given through yahoo messenger or SMS. Please do your own research before establishing an equity/ derivatives position in a company. Not all stocks recommended by us are suitable for your investment needs. Carefully evaluate your own risk appetite. Subscription Prices subject to revise whenever required. Subscription Fees once paid cannot be refunded under any circumstances. Any error in this document cannot be claimed by anyone. Technical faults during online calls or SMS cannot be claimed by any of the clients and it’s beyond the limit of the service provider. Due to technical faults, the service might interrupt for short duration and no claim or refund will be entertained. Delay in SMS delivery is not within our limits and its totally mobile operator dependant. The articles on this site are not written by a registered investment advisor. The author may or may not be holding a position in companies that are being analyzed. More likely than not, the author will have an interest in the stock mentioned.The price offer and services are complimentary and subject to revise when and where required. No refund/ No Claims can be entertained once subscription is availed for that period.
The PPI number and the fact that there is always hope that maybe toward the end of the year the Fed will lower interest rates, has helped propel the market higher on Friday.Dow and Nasdaq had a good sell-off on Thursday, but there's a lot of people who want in this market.
The Dow Jones industrial average <.DJI> was up 111.09 points, or 0.84 percent, at 13,326.22. The Standard & Poor's 500 Index <.SPX> was up 14.38 points, or 0.96 percent, at 1,505.85. The Nasdaq Composite Index <.IXIC> was up 28.48 points, or 1.12 percent, at 2,562.22.
European shares closed higher on Friday, recovering from losses earlier in the session, boosted by takeover talk and the strong performance of U.S. stocks after data indicated moderating inflation.
The Nikkei average rose 1.07 percent on Monday. Exporters such as Toyota Motor Corp. regained ground following an advance in stocks in the United States, one of the biggest markets for Japanese goods. The Nikkei could switch to a upward trend and try for the 18,000 level if Sony Corp.'s earnings and GDP data later in the week turn out to be positive.But the overall market is still solid as stocks that sold off sharply on disappointing earnings results seem to be able to regain ground the following day.
The Nikkei <.N225> finished the morning up 187.02 points at 17,740.74, and the broad TOPIX index <.TOPX> added 1 percent to 1,740.25.
The blue-chip Hang Seng Index <.HSI> was up whooping 514 points, and the Hong Kong-listed mainland stocks, or H shares <.HSCE> was up 4.3 percent.China's loosening of investment rules to let mainland investors pile their money into overseas equities would drive up turnover in the Hong Kong market.
All other Asian markets are trading in green.It seems that our markets will take a solid cue from the global markets. We have witnessed solid bounceback in the market on friday.We might continue this momentum this week.
Sensex is likely to open gap up 150-200 points led by Technology, Auto and capital goods stocks. It would be a broad based rally today. Last day I have already given positional call of M&M futures at 716 for a target of 742 and 754 which I think would be achieved today or latest by tomorrow. Since the market will open gap up, hence it is difficult to give long calls at opening bell.
Still we are tracking following stocks for BUYS at lower levels....
1. M&M
2. GAIL
3. ONGC
4. ASHOK LEYLAND
5. ACC
6. TATA MOTORS
7. ABAN LLOYD
8. BOMBAY RAYON FASHIONS
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 3-4% below your cost price.
2. Do your own homework before trading.
3. Book profits if you get 2-4% return.
ANURAG DUJARI
Mobile - 09831909904, 09433988791, 09330911514, 09883059291
Messenger ID - anurag130
E-Mail - anurag130@yahoo.com
Disclaimer and Terms of Use: Stock market is subject to risk. High risk high gain is the key to stock market. We are not responsible for any loss or profit associated with stocks mentioned on this site/ by us. Under no circumstances will we be held liable for losses incurred due to information presented anywhere on the site or given through yahoo messenger or SMS. Please do your own research before establishing an equity/ derivatives position in a company. Not all stocks recommended by us are suitable for your investment needs. Carefully evaluate your own risk appetite. Subscription Prices subject to revise whenever required. Subscription Fees once paid cannot be refunded under any circumstances. Any error in this document cannot be claimed by anyone. Technical faults during online calls or SMS cannot be claimed by any of the clients and it’s beyond the limit of the service provider. Due to technical faults, the service might interrupt for short duration and no claim or refund will be entertained. Delay in SMS delivery is not within our limits and its totally mobile operator dependant. The articles on this site are not written by a registered investment advisor. The author may or may not be holding a position in companies that are being analyzed. More likely than not, the author will have an interest in the stock mentioned.The price offer and services are complimentary and subject to revise when and where required. No refund/ No Claims can be entertained once subscription is availed for that period.
<< Home