market to wait for inflation data. We expepect more selling in Nifty by hegde funds. Buy WEBEL and Shivvani for Del. Acumualtion in IFCI.
Markets closed on a weakish note, following the Global cues. Nifty Closed at 5081 Levels, ending below the 5100 Levels mark. Tisco, Strlite Tech, Aishwarya Telecom were up. Private sector bank was down, led by DCB which was down by over 8 %. DLF was down for the 3 rd consecutive day. On Midcaps Front, English India was up by 20 %. Gwalior chem. and Aban Offshore was up sharply. Nifty May futures were still in premium by 11 Points. There were more Declining stocks than Advancing stocks.(Dec: 825/ Adv : 396). Markets again closes below 200 days SMA.
We maintain 4955 as S/l Level for current Series. Technically, Nifty to Find Support at 5050-5030 Levels and resistance at 5125-5165 Levels today.
9:57:09 AM): sell IDFC Fut @174.5
10:10:01 AM ): buy 3I Inf fut @129
10:12:13 AM): buy IB SEC EQ QTY 1000 @115,7.61% INFLATION expected this time,IF ANY CHANGE I WILL TELL
10:29:11 AM ): Book profit IB Sec @120.7 rec 115. buy l&t fut @2940, exit short of IDFC @174.8
10:34:40 AM ): BUY 500 SHARES OF SUNIL HYTECH @286
10:59:41 AM ): option Traders CAN Buy IFCI 60 CALL @5.6 ISPAT INDS 45 CALL @2.
11:15:31 AMBUY KSOILS @80, BUY GSS AMERICA @389, BUY SITASHREE @46.8 ALL ARE EQUITY CALLS INTRADAY / DELIVERY
12:40:05 PM ): sell DCB Fut @100....Markets looks week so pls decrease ur longs..keep it IFCI call tgt for ifci this month 70
12:42:30 PM): exit L&T, 3I INFO FUT NOW
12:47:45 PM ): sell moser baer @ 189 , stop loss 193 , tgt 181
1:01:42 PM ): ONLY HIGH RISK TRADERS GSS AMERICA TGT 420/450
1:07:10 PM ): Short DLF at 644.10/- S.L. 651/-, Probable Target 635/-.
1:10:53 PM ): Nifty futtt day loww already said ..too short @ 5094 & 5061..just check. Bank Nifty also crashedd, magic of fm : on cnbccc now market down 143 point
1:31:23 PM ): Book profit moserbear @185 book profit dcb fUT @98.
1:38:10 PM ): GSS America now 41999 almost 1st tgt done
2:29:01 PM ): NIfty fut below 5024...free falll till 5002 / 4972 or even till 4949.....Hurdle @ 5069.DLF now 639..
2:31:11 PM ): book profit DLF Fut @641
2:36:15 PM ): Yesterday bank nifty given short @7620 now 7332 close fully..we will short higher levels
Over all else in already knowing that we're in a secular bear market, and that the April-bear-rally will soon end totally, it's when Governments like this who get into a "we're determined to control inflation" mode that perceptions get really bad.
Ok, let's try and see what might happen in the next four to six weeks.The rupee is already dying at 41.73 and we're importing oil at an even higher rates than we did four weeks ago. So inflation during the next four weeks will either cross 8% or might even try to reach out to the 9% figure.
Chidambaram says signs of inflation stabilising a "big relief".* RBI former head Jalan favours sacrificing growth to tame inflation.* India Apr 26 WPI inflation rate 7.61% vs 7.57% week ago.* ONGC farms out 35% in onland exploration block to Hungary's MOL.* STC gets 10 bids at $1,270-1,308/tn in RBD palmolein import tender.* Cement cos body head says gave no assurance on prices to govt.* Spencer's India to invest 15 bln rupees to set up 250 stores FY09.* Dealers say 5-month wait for Maruti DZire on capacity constraints.* Merchant banker says Patni shr buyback delayed due to SEBI objection.* MD sees Amara Raja Batteries revenues $1 bln in 5 years.* Kirloskar Pneumatic gets 800-mln-rupee order from Cochin Shipyard.* ACC to hold cement prices for 2-3 months; sees margi
3:12:24 PM ): Nifty 100....downnnn saidddd....keeeepp book profitttt...4986...
3:18:56 PM ): The Bank Nifty stays best to short again in the carryover mode. The falling rupee will hit every importing corporate this quarter.
