Newsletter dated 16th May,2007
U.S. stocks rose on Tuesday, sending the Dow industrials to an all-time high, as data pointing to stabilizing inflation trumped disappointing earnings from Home Depot Inc. Federal Reserve may have room to lower interest rates some time this year, which could boost business investment.
The Dow Jones industrial average <.DJI> was up 37 points at 13,383. The Standard & Poor's 500 Index <.SPX> was down 1.96 points, at 1,501. The Nasdaq Composite Index <.IXIC> was down 21 points, at 2,525.
European stocks ended Tuesday a touch higher, boosted by mergers and acquisitions, while investors looked to Wall Street for direction after data calmed U.S. interest rate concerns. Britain's leading share index ended up on Tuesday recovering early losses as slightly weaker-than-expected U.S. inflation data lifted sentiment.
The Nikkei average fell 0.23 percent on Wednesday as investors turned cautious before a series of earnings results including Sony Corp. The market is almost flat as investors are making trade decisions mostly based on individual earnings results. That is not unusual during an earnings season, and it doesn't mean the sentiment of the overall market has worsened. The Nikkei <.N225> finished the morning down 40.40 points at 17,472.58, and the broad TOPIX index <.TOPX> shed 0.39 percent to 1,705.92. The blue-chip Hang Seng Index <.HSI> was flat, in line with its opening at 20,854.09 points.
Again we might witness flat morning today. Sensex is likely to open flat following Asian markets. Selective mid-caps may perform but broader market may remain within a narrow range. However, Technology stocks may see some selling pressure due to weak Nasdaq and strong rupee. It is recommended not to go long on technology stocks for intraday.
TOP BUY CALLS....
1. M&M
2. BAJAJ AUTO
3. RELIANCE INDUSTRIES
4. TATA MOTORS
5. SUN TV
6. KESORAM INDUSTRIES (risky)
TOP SELL CALLS.....
1. HPCL
2. BPCL
3. MOSER BAER
4. RNRL
5. 3i INFOTECH
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 Dow Jones industrial average <.DJI> was up 37 points at 13,383. The Standard & Poor's 500 Index <.SPX> was down 1.96 points, at 1,501. The Nasdaq Composite Index <.IXIC> was down 21 points, at 2,525.
European stocks ended Tuesday a touch higher, boosted by mergers and acquisitions, while investors looked to Wall Street for direction after data calmed U.S. interest rate concerns. Britain's leading share index ended up on Tuesday recovering early losses as slightly weaker-than-expected U.S. inflation data lifted sentiment.
The Nikkei average fell 0.23 percent on Wednesday as investors turned cautious before a series of earnings results including Sony Corp. The market is almost flat as investors are making trade decisions mostly based on individual earnings results. That is not unusual during an earnings season, and it doesn't mean the sentiment of the overall market has worsened. The Nikkei <.N225> finished the morning down 40.40 points at 17,472.58, and the broad TOPIX index <.TOPX> shed 0.39 percent to 1,705.92. The blue-chip Hang Seng Index <.HSI> was flat, in line with its opening at 20,854.09 points.
Again we might witness flat morning today. Sensex is likely to open flat following Asian markets. Selective mid-caps may perform but broader market may remain within a narrow range. However, Technology stocks may see some selling pressure due to weak Nasdaq and strong rupee. It is recommended not to go long on technology stocks for intraday.
TOP BUY CALLS....
1. M&M
2. BAJAJ AUTO
3. RELIANCE INDUSTRIES
4. TATA MOTORS
5. SUN TV
6. KESORAM INDUSTRIES (risky)
TOP SELL CALLS.....
1. HPCL
2. BPCL
3. MOSER BAER
4. RNRL
5. 3i INFOTECH
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.
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