Newsletter dated 17th May,2007
U.S. stocks jumped on Wednesday as major investors disclosed stakes in Citigroup, several railroads and health-care companies, raising expectations that further takeovers could be coming. While these investments may not necessarily indicate the beginning of a takeover, analysts said they support enthusiasm for shares, boosted in part by a recent flood of takeovers. Traders at this point are afraid to sell. They don't want to be held in a position where the stock they just sold is the next private takeover target. That seems to be the dominant theme.
The Dow Jones industrial average <.DJI> gained 103.69 points, or 0.77 percent, to closed at 13,487.53, a new record. The Standard & Poor's 500 Index <.SPX> was up 12.95 points, or 0.86 percent, at 1,514.14. The Nasdaq Composite Index <.IXIC> was up 22.13 points, or 0.88 percent, at 2,547.42. The Dow also hit an all-time intraday high of 13,489.57 just before the close. The blue-chip average has had multiple records in recent weeks and the S&P 500 is coming off of its sixth straight weeks of gains.
The Nikkei average rose 0.53 percent on Thursday, buoyed by high-tech exporters after Sony Corp. forecast solid earnings for the year, and data showed Japan's economy grew slightly less than market expectations in the January-March quarter. The slightly weaker-than-expected GDP figure bolstered market expectations that the Bank of Japan will hold off from raising rates at least for the next few months. The Nikkei <.N225> finished the morning up 92.33 points at 17,621.33, and the broad TOPIX index <.TOPX> added 0.40 percent to 1,718.66. The blue-chip Hang Seng Index <.HSI> was up 0.6 percent, extending opening gains. The index opened up 0.5 percent at 21,042.67.
All Asian markets are trading in the green. Nifty made a surprise move yesterday and is likely to continue its momentum. We may test new highs within few days. Today Sensex is likely to open 80-100 points up powered by heavy weights, banks, telecom & media, capital goods and autos. Although technology did bounce back from its lows yesterday still it might underperform the markets.
TOP BUYS........
1. MARUTI
2. SUN TV
3. INDIABULLS FINANCIAL (RISKY)
4. NTPC
5. M&M
TOP SELL CALLS.....
1. HCL TECH
2. TELEVISION 18 INDIA (AT HIGH LEVELS)..... RISKY
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> gained 103.69 points, or 0.77 percent, to closed at 13,487.53, a new record. The Standard & Poor's 500 Index <.SPX> was up 12.95 points, or 0.86 percent, at 1,514.14. The Nasdaq Composite Index <.IXIC> was up 22.13 points, or 0.88 percent, at 2,547.42. The Dow also hit an all-time intraday high of 13,489.57 just before the close. The blue-chip average has had multiple records in recent weeks and the S&P 500 is coming off of its sixth straight weeks of gains.
The Nikkei average rose 0.53 percent on Thursday, buoyed by high-tech exporters after Sony Corp. forecast solid earnings for the year, and data showed Japan's economy grew slightly less than market expectations in the January-March quarter. The slightly weaker-than-expected GDP figure bolstered market expectations that the Bank of Japan will hold off from raising rates at least for the next few months. The Nikkei <.N225> finished the morning up 92.33 points at 17,621.33, and the broad TOPIX index <.TOPX> added 0.40 percent to 1,718.66. The blue-chip Hang Seng Index <.HSI> was up 0.6 percent, extending opening gains. The index opened up 0.5 percent at 21,042.67.
All Asian markets are trading in the green. Nifty made a surprise move yesterday and is likely to continue its momentum. We may test new highs within few days. Today Sensex is likely to open 80-100 points up powered by heavy weights, banks, telecom & media, capital goods and autos. Although technology did bounce back from its lows yesterday still it might underperform the markets.
TOP BUYS........
1. MARUTI
2. SUN TV
3. INDIABULLS FINANCIAL (RISKY)
4. NTPC
5. M&M
TOP SELL CALLS.....
1. HCL TECH
2. TELEVISION 18 INDIA (AT HIGH LEVELS)..... RISKY
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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