Newsletter dated 21st May,2007
If bulls have their way, U.S. stocks will extend their streak of gains next week with another wave of takeovers expected and worries about a housing fallout diminishing. But rocketing crude oil prices along with disappointing outlooks from major retailers, could spoil the party.
The Dow Jones industrial average <.DJI> and the Standard & Poor's 500 index <.SPX> posted seven straight weeks of gains, with the S&P 500 within a whisker of its record close. The blue-chip Dow average ended at another record, after hitting a lifetime intraday high at 13,558.48. For the S&P 500, this is the longest streak of gains since a 9-week run-up that started in late November 2003.
The Nikkei average rose 1.12 percent on Monday as shares of Sony Corp. kept gaining on its earnings outlook, helped by the yen's fall to a record low against the euro. Broader gains were limited, however, as investors remained cautious following an early sell-off in Shanghai stocks. Investors, particularly short-term traders, were concerned about the performance of Chinese stocks after the central bank raised interest rates on Friday. The Nikkei <.N225> finished the morning up 195.58 points at 17,502.38 The TOPIX index <.TOPX> was up 0.86 percent at 1,708.92. The blue-chip Hang Seng Index <.HSI> was up 0.5 percent, with China's monetary tightening measures already priced in. The index opened up 0.3 percent at 20,963.52. All other Asian markets are trading in the green.
Sensex is likely to open 100-125 points up supported by Blue-chips and heavyweights. Oil PSUs marketing companies may correct from its high due to high crude prices. Similarly Technology stocks may remain sudued due to weak dollar.
TOP SELLS.....
1. HCL TECH
2. KPIT CUMMINS
3. ROLTA
4. ZENSAR TECH
5. INFOTECH ENTERPRISES
TOP BUY CALLS......
1. BAJAJ AUTO
2. ONGC
3. NTPC
4. ASHOK LEYLAND
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> and the Standard & Poor's 500 index <.SPX> posted seven straight weeks of gains, with the S&P 500 within a whisker of its record close. The blue-chip Dow average ended at another record, after hitting a lifetime intraday high at 13,558.48. For the S&P 500, this is the longest streak of gains since a 9-week run-up that started in late November 2003.
The Nikkei average rose 1.12 percent on Monday as shares of Sony Corp. kept gaining on its earnings outlook, helped by the yen's fall to a record low against the euro. Broader gains were limited, however, as investors remained cautious following an early sell-off in Shanghai stocks. Investors, particularly short-term traders, were concerned about the performance of Chinese stocks after the central bank raised interest rates on Friday. The Nikkei <.N225> finished the morning up 195.58 points at 17,502.38 The TOPIX index <.TOPX> was up 0.86 percent at 1,708.92. The blue-chip Hang Seng Index <.HSI> was up 0.5 percent, with China's monetary tightening measures already priced in. The index opened up 0.3 percent at 20,963.52. All other Asian markets are trading in the green.
Sensex is likely to open 100-125 points up supported by Blue-chips and heavyweights. Oil PSUs marketing companies may correct from its high due to high crude prices. Similarly Technology stocks may remain sudued due to weak dollar.
TOP SELLS.....
1. HCL TECH
2. KPIT CUMMINS
3. ROLTA
4. ZENSAR TECH
5. INFOTECH ENTERPRISES
TOP BUY CALLS......
1. BAJAJ AUTO
2. ONGC
3. NTPC
4. ASHOK LEYLAND
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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