FreeForAll: 2006-05-21

Friday, May 26, 2006

INDIAN SHARE MARKET SCENARIO 26.05.2006

Hi to all,

BSE for Sensex movements and Stock market updates.
NSE Nifty for latest updates and announcements.
The Hindu - Indian National Newspaper.
Tamil Daily - Dina Thanthi - Tamil Newspaper - Tamil Nadu.
Yahoo Mail! to sign into your yahoo mail account.
Google News is a online automated updated news site.
Shopping Froogle shopping site.
Free Downloads downloads site Softpedia.com.
Home Page Blogger
Make a visit to Shank’s Home Page

SHARE NEWS 26th May 2006

MARKET ANALYSIS

The smooth expiry of the May F&O contracts should be a welcome relief for the markets. The market underwent huge volatility during the last two weeks and the fact that the expiry was smooth indicates that most of the leveraged positions have been closed out. This should provide room for creation of fresh long positions and in turn the market could move up. But traders may bear in mind that such a move may not be a part of the trend. After such a huge masaccre, the market could take time to consolidate before beginning a sustainable move. Therefore traders may have to resort to periodical profit booking.

INDEX MOVEMENTS

The Nifty is likely to follow a range bound movement between 2997 and 3250 where contrarian trading could be adopted. On surpassing 3250 it is likely to head towards 3354. The bulls can expect a sustained upmove on a close above 3250.

The Bank Index could be expected to move up to 4378 in the next few sessions. Long positions may be contemplated at current levels for a move to this level.

A close above 3987 would signal the return of a bullish phase for the CNX IT. Traders may take a call on the index depending on whether the index is able to close above this level or not today.

MARKET NEWS

· SAIL FY06 net down 41% yoy, to raise 06/07 output by 1 million tonnes

· L&T’s Q4 net spurts 40%

· Tata Motors to treble capacity at Lucknow plant

· Karur Vysya Bank to issue 1:1 bonus

· AGB Shipyard Q4 net up 153.6% yoy

· Lupin to acquire Dafra Pharma, Belgium

· UBS maintains year end target of 11400 for Sensex

· Abhishek Industries Q4 net profit at Rs.17.5 crores

· Indraprastha Gas Q4 net at Rs.29.5 crores

· Thermax Q4 net profit up at Rs. 42 crores

DELIVERY PICKS

*SCRIP*	*BUY ABOVE*
*RELIANCE*	*962.00*

MID CAP STOCKS

*SCRIP BUY*	*ABOVE*

SMALL CAP STOCKS

*SCRIP*	*BUY ABOVE*

LIQUIDATE

*SCRIP*	*SELL BELOW*
*BAJAJ AUTO*	*2700.00*
*PATNI COMPUTER*	*328.00*

FUTURE OPTIMISM

*SCRIP*	*VIEW*	*STRATEGY*
*WIPRO*	*BULLISH*	*BUY @ 474 TARGET 495 – STOP < 455*
*TATA STEEL*	*BULLISH*	*BUY @ 511.75 TARGET 540 – STOP < 484*

CASH MARKET – SHORT TERM

*SCRIP*	*VIEW*	*STRATEGY*
*CIPLA*	*BEARISH*	*SELL @ 226.50 TARGET 224.50 – STOP > 228.50*
*RELIANCE*	*BULLISH*	*BUY > 957 TARGET 975 – STOP < 935*
*UNION BANK*	*BEARISH*	*SELL @ 107.50 TARGET 106.50 – STOP > 108.60*

Courtesy: Prognosis Consultancy Services

Top of Form

Bottom of Form

Thursday, May 25, 2006

SHARE NEWS 25.05.2006

Hi to all,

BSE for Sensex movements and Stock market updates.
NSE Nifty for latest updates and announcements.
The Hindu - Indian National Newspaper.
Tamil Daily - Dina Thanthi - Tamil Newspaper - Tamil Nadu.
Yahoo Mail! to sign into your yahoo mail account.
Google News is a online automated updated news site.
Shopping Froogle shopping site.
Free Downloads downloads site Softpedia.com.
Home Page Blogger
Make a visit to Shank’s Home Page

SHARE NEWS 25th May 2006

MARKET ANALYSIS

The market continues to be weak as lack of follow-up buying at higher levels is hitting sentiment. This could push out the weak positions still left out in the market as the F&O May series expires today. A recovery may be in store after a substantial amount open interest gets cut out with the F&O expiry.

The interest rate moves in the US has assumed a lot of significance in the recent past and it has been one of the primary reasons for the global weakness. Soft numbers on the durable goods and housing starts have eased fears of harder rate hikes and this should be good news.

INDEX MOVEMENTS

The Nifty slipped once again yesterday and is likely to face resistance near 3202. A slide to 3039 is probable. In the event of the breach of this level it can move lower to 2997. A bounce back could be in the offing as the Nifty is in the oversold condition. Buying on dips is favoured.

Short positions may be contemplated on the Bank Nifty if the index drops below 4248. A move below this level will result in a retest of the previous low at 3972.

The CNX IT has failed to confirm the positive reversal bar and this could hamper the possibility of a recovery. Avoid long positions for the time being.

MARKET NEWS

· GAIL to implement Rs.54.6 billion Assam gas cracker project

· Ethypharm signs contract with Ranbaxy

· Positive on India in medium term: JP Morgan Fleming

· Tata Metaliks to pump Rs.485 million in 3 projects

· ING Vysya Bank Q4 net loss at Rs.24.6 crores

· Torrent Pharma Q4 net loss at Rs.1.69 crores

· Ranbaxy to market Ethypharm’s painkiller in India

· GAIL to invest 54.6 billion rupees in petchem project