Newsletter dated 18th May,2007
U.S. stocks edged lower on Thursday as an upbeat report on business conditions in the mid-Atlantic region, coupled with data suggesting strength in the job market, signalled a reduced chance of interest-rate cuts. The Dow Jones industrial average <.DJI> declined 10.81 points, or 0.08 percent, to end at 13,476.72. The Standard & Poor's 500 Index <.SPX> dipped 1.39 points, or 0.09 percent, to finish at 1,512.75. The Nasdaq Composite Index <.IXIC> shed 8.04 points, or 0.32 percent, to close at 2,539.38.
The Nikkei average shed 0.18 percent on Friday, weighed down by individual company news such as Mitsumi Electric Co. Ltd.'s bearish outlook, with the market lacking direction after the peak of the earnings season and major economic indicators. The market lacks domestic material for trade, and the sense of little direction is likely to continue for a while. Investors have also become a bit cautious as the weaker-than-expected GDP data gradually sank in and on concerns that poor performance in start-up markets might spread to other small- to medium-sized companies. The Nikkei <.N225> finished the morning down 31.89 points at 17,466.71, and the broad TOPIX index <.TOPX> fell 0.27 percent to 1,702.63.
The blue-chip Hang Seng Index <.HSI> was down 0.8 percent as investors sold across the board on concerns that China may raise interest rates. he index opened down 0.5 percent at 20,882.87.
Nifty is very near to its all time high of 4245. But it seems that we might witness profit booking at higher levels. It is adviced to avoid any frash longs for time being. Just wait for couple of days and see whether it breaches 4245 comfortably and sustains above that. Traders with high risk appetite may short nifty at higher levels keeping SL at 4262 (according to spot level).
TOP SELLS..........
1. HPCL
2. BPCL
3. IOC
4. ESS DEE ALUMINIUM (risky)
5. HCL TECH
TOP BUYS.....
1. SUN TV
2. BAJAJ AUTO ... at lower 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 Nikkei average shed 0.18 percent on Friday, weighed down by individual company news such as Mitsumi Electric Co. Ltd.'s bearish outlook, with the market lacking direction after the peak of the earnings season and major economic indicators. The market lacks domestic material for trade, and the sense of little direction is likely to continue for a while. Investors have also become a bit cautious as the weaker-than-expected GDP data gradually sank in and on concerns that poor performance in start-up markets might spread to other small- to medium-sized companies. The Nikkei <.N225> finished the morning down 31.89 points at 17,466.71, and the broad TOPIX index <.TOPX> fell 0.27 percent to 1,702.63.
The blue-chip Hang Seng Index <.HSI> was down 0.8 percent as investors sold across the board on concerns that China may raise interest rates. he index opened down 0.5 percent at 20,882.87.
Nifty is very near to its all time high of 4245. But it seems that we might witness profit booking at higher levels. It is adviced to avoid any frash longs for time being. Just wait for couple of days and see whether it breaches 4245 comfortably and sustains above that. Traders with high risk appetite may short nifty at higher levels keeping SL at 4262 (according to spot level).
TOP SELLS..........
1. HPCL
2. BPCL
3. IOC
4. ESS DEE ALUMINIUM (risky)
5. HCL TECH
TOP BUYS.....
1. SUN TV
2. BAJAJ AUTO ... at lower 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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