t -As per expectation mkt is terding weak, sensex down 50 points on morning trade
-Yesterdays blog explain the things, why mkt may trade weak in coming days
-following the global indices mkt is trading downside
-some good news are from Suzlan - share is up, if the stock comes around 1000-1050 start buying, it flatuate very good in wide range,
-divi's lab march ahead where yesterday it left, stock up nearly 2.59%,
-Reliance cap as expected is trading on firm ground
-There are no new tips , so better to remain long , and book partial profit, keep cash in hand
-Chander i generally donot look for the intraday buy or sell, its good to see stock mkt as option for creating wealth, intraday donot have any tips
-Dlf ipo issue notice-
It is out most discussed and glamorous info aboutdlf ipo, Real estate player DLF Ltd has fixed price band of Rs 500-550 per equity share for its forthcoming initial public offering. The issue opens on June 11 and closes on June 14. Face value is Rs. 2.The company thus proposes to mop up Rs 8,750 crore at the lower end of the price band and Rs 9,625 crore at the upper end
-mkt is moving towards north some good news are flowing to the mkt
Thursday, May 24, 2007
MKT ROUNDUP FOR 24TH MAY 2007
Today mkt settle with with sharp losses with heavy profit booking in most of shares, This is first time that dalal street totally behave in opposite directon that of global indices, though yesterday Dow and Nashdaq finished with hansome gain, today Indian Mkt is down becouse of profit booking. This is very natural as mkt moved up very sharply in recent past, more profit booking cannot denied. Asian mkt mostly also was traded in negative zone today.The BSE 30-share Sensex dipped a sharp 176.83 points to 14,186.43, as per provisional closing.The Sensex had rallied a sharp 525 points, or 3.75%, from 13,929.33 on 15 May 2007 to 14,453.72 on 22 May 2007. Nifty closed 4205 down 41 points.
Why market will trade weak in coming days?
I already told investors if you can get more then 40% returns on ur stock investment you can partially book profit. Mkt may trade weak in coming days, as big IPO is going to hit the mkt, it means lots off mobilisation of funds from secondary mkt to IPO, so retail investors and institutional investors may book profit to get IPO , but this might be temporary, long term investors still can go long.Though the exact date and size of DLF ipo has not yet come out, ICICI bank is also going to hit with IPO, both might mobilised funds around 24000 crs from secondary mkt. DLF might hit in june with 13000 crs IPO.
Highlights of todays market
-Matrix labs zom because of robust qurter and year earning closed at 244 with 11% gain, if you see my 14th may 2007 blog , you will get my detail discussion on matrix labs, stay invested it is great company
-Divis lab as usual come with another strong performace, and news of stock split help it to move up by rs 712 to 4770, keep eye , i will tell when to enter the stock
-reliance cap has not shede much, actually i thought it might come around 900 level , but it shows that stock might move up in coming days
-Bhati and reliance communication both down on second day , but stay invested
-another good share with good fundamentals NTPC move up around 4%, to 161.80 today, this is stock to watch
-dabur ends with flat , on 14th may i hav given buy signal at 90 level , today it ends on 97.95
Coming days guideline-
Mkt will trade lackluster, more profit booking cannot denied, as indicated coming monthe ipo may play a trick to give further dip
Technically, the Sensex has strong support at 14,000 level and on the upside faces a stiff resistance at 14,600 level. Similarly, the Nifty has support of 4,180 on the downside, while on the upside there is a near term resistance at 4,300.
To Mr. Chander- you got both the scrip at fairly valued, Reliance com at 400 i think its good buy, stay invested long term, if stock come below 400 , probability cannot denied try to buy more, 400 seems to be good support stay long in the stock
Why market will trade weak in coming days?
I already told investors if you can get more then 40% returns on ur stock investment you can partially book profit. Mkt may trade weak in coming days, as big IPO is going to hit the mkt, it means lots off mobilisation of funds from secondary mkt to IPO, so retail investors and institutional investors may book profit to get IPO , but this might be temporary, long term investors still can go long.Though the exact date and size of DLF ipo has not yet come out, ICICI bank is also going to hit with IPO, both might mobilised funds around 24000 crs from secondary mkt. DLF might hit in june with 13000 crs IPO.
Highlights of todays market
-Matrix labs zom because of robust qurter and year earning closed at 244 with 11% gain, if you see my 14th may 2007 blog , you will get my detail discussion on matrix labs, stay invested it is great company
-Divis lab as usual come with another strong performace, and news of stock split help it to move up by rs 712 to 4770, keep eye , i will tell when to enter the stock
-reliance cap has not shede much, actually i thought it might come around 900 level , but it shows that stock might move up in coming days
-Bhati and reliance communication both down on second day , but stay invested
-another good share with good fundamentals NTPC move up around 4%, to 161.80 today, this is stock to watch
-dabur ends with flat , on 14th may i hav given buy signal at 90 level , today it ends on 97.95
Coming days guideline-
Mkt will trade lackluster, more profit booking cannot denied, as indicated coming monthe ipo may play a trick to give further dip
Technically, the Sensex has strong support at 14,000 level and on the upside faces a stiff resistance at 14,600 level. Similarly, the Nifty has support of 4,180 on the downside, while on the upside there is a near term resistance at 4,300.
To Mr. Chander- you got both the scrip at fairly valued, Reliance com at 400 i think its good buy, stay invested long term, if stock come below 400 , probability cannot denied try to buy more, 400 seems to be good support stay long in the stock
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