Monday, May 07, 2007

Newsletter dated 7th May,2007

U.S. stocks ended higher on Friday, pushing the Dow Jones industrial average to its fourth straight record close, helped by talk of potential takeovers and economic data that calmed inflation concerns. The Dow Jones industrial average <.DJI> finished up 23.24 points, or 0.18 percent, at 13,264.62 -- its 19th record finish so far in 2007. The Standard & Poor's 500 Index <.SPX> closed up 3.23 points, or 0.21 percent, at 1,505.62. The Nasdaq Composite Index <.IXIC> rose 6.69 points, or 0.26 percent, to end at 2,572.15.

European shares rallied to their highest close in more than six years on Friday as miners rose on the back of strong base metal prices and Reuters jumped on news of a bid approach, boosting other media stocks. The pan-European FTSEurofirst 300 index <.FTEU3> jumped 0.7 percent to end at 1,593.9, its strongest level since December 2000, and clocking gains of 7.5 percent so far this year amid a boom in takeovers which fuelled a 16-percent rally last year.

The Nikkei share average rose 1.60 percent to its highest in nearly three weeks on Monday, with technology shares advancing following gains in the tech-heavy Nasdaq and helped by a softer yen. The Nikkei <.N225> finished the morning up 275 points at 17,670. The benchmark earlier rose as high as 17,713.26, the highest since April 17.

The blue-chip Hang Seng Index <.HSI> was up 0.7 percent (166 points), having earlier set a new peak, helped by record global equities. The index opened up 0.5 percent at 20,933.99.

Sensex is likely to open 150-180 points up.Oil PSU companies may move up, Real estate, Construction stocks may extend their gains. Technology stocks may correct from its highs. Similarly MNC pharma companies may also witness some profit booking at higher levels.

SELL CALLS.....

1. Short MPHASIS BFL around 334-336... Keep SL at 341... Target 324 and 320 for today....

2. Short 3i INFOTECH around 304-306... KEEP SL at 311... Target 298 and 295 for today....

3. Short AURIONPRO SOLUTIONS around 330-332.... Keep SL at 336... Target 324 and 320 for today....

4. Short Geodesic Info around 230-232.... Keep SL at 237... Target 226 and 222 for today....

Our top 3 sell calls will be given to our paid clients which is not posted on this newsletter.
There are no long calls given in my newsletter as markets will open gap up. Still if there is any long call then it will be given to our paid clients.

One Investment call will be given to our paid clients today.

Note:-
1. All the above mentioned prices are according to cash market levels.
2. Place Stop loss 2-3% below your cost price.
3. Above prices are indicative prices.Do your own homework before trading.
4. Book profits if you get 1-3% return.

ANURAG DUJARI
Mobile - 09831909904, 09433988791, 09330911514, 09883059291
Messenger ID - anurag130
E-Mail - anurag130@yahoo.com

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