Tuesday, May 15, 2007

Newsletter dated 15th May,2007

U.S. blue-chip stocks rose on Monday as news that DaimlerChrysler had found a buyer for its beleaguered Chrysler unit boosted automotive shares, but the broader market fell on renewed concerns about the economy's health.
The Dow Jones industrial average <.DJI> rose 20.56 points, or 0.15 percent, to end at 13,346.78. The Standard & Poor's 500 Index <.SPX> was down 2.70 points, or 0.18 percent, at 1,503.15. The Nasdaq Composite Index <.IXIC> was down 15.78 points, or 0.62 percent, at 2,546.44.

The Nikkei fell 0.69 percent on Tuesday.The biggest factor driving down the market is the worse-than-expected machinery data. Japan's core private-sector machinery orders, a key gauge of corporate capital spending, fell 4.5 percent in March from the previous month, well below economists' consensus forecast for a 1.3 percent rise, government data showed on Tuesday.
The Nikkei <.N225> finished the morning down 121.71 points at 17,556.23, and the broad TOPIX index <.TOPX> shed 0.68 percent to 1,719.29.

The blue-chip Hang Seng Index <.HSI> was flat, in line with opening levels. The China Enterprise Index of mainland H shares <.HSCE> was up 0.7 percent.

Today Sensex might open tag up and would remain within a narrow range. We might see low volatility.It will trade within a range.. Technology stocks might be a laggard today following weak dollar.

TODAYS CALLS WILL BE GIVEN THROUGH MESSENGER AND SMS....

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

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