FreeForAll: 2006-05-28

Friday, June 02, 2006

INDIAN SHARE SCENARIO 02.06.2006

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.
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SHARE NEWS 2nd June 2006

SENSEX CLOSED AT 10071 a 3 ½ MONTH LOW, SHEDDING 327 POINTS.

NIFTY FELL BY 109 POINTS TO CLOSE AT 2962.

RUPEE REMAINED STABLE AT 46.36.

MARKET ANALYSIS

The extent of weakness in the market was demonstrated clearly yesterday when positive cues from international markets failed to provide any kind of respite for the bulls. The onslaught is likely to scare even the retail segment of the market. The market could seek lower levels due to the lack of confidence.

With the market so close to previous Monday’s low, the chances of a retest of that level are pretty high. Bulls may have to wait for a retest before contemplating on long positions. Until then, traders may resort to short selling on upmoves.

INDEX MOVEMENTS

The Nifty is heading towards the last projection level at 2877. The index is likely to face resistance at 3025. Short term charts continue to show weakness. The breach of the previous bottom at 2896 is likely to bring a bout of selling. It would be advisable to cover short positions near 2884-2877. A close below 2877 however could push the index lower to 2730.

The Bank Nifty appears to be the weakest among the three indices. Short selling is advised for a retest of the previous bottom at 3972.

The CNX IT is forming bullish divergences and therefore there is a possibility of a corrective upmove. Traders may wait for a close below 3719 before short selling.

MARKET NEWS

· April fiscal deficit at 21.5% of annual target

· GACL May cement sales up 20% yoy

· Cadila gets USFDA ok for anticoagulant drug

· Mercator Lines Q4 net down at Rs.49.4 crores

· EIH net up Rs.37.3 crores

· Britannia Q4 net up at Rs.28.8 crores

· Sterlite Ind Q4 net up Rs.1132.8 crores

· Tata power inks with international players to bid for mega power projects

· Hexaware Technologies in alliance with SAS

· Wockhardt gets nod to market Clarithromycin

DELIVERY PICKS

*SCRIP*	*BUY ABOVE*
*HDFC BANK*	*775.00*

MID CAP STOCKS

*SCRIP BUY*	*ABOVE*

SMALL CAP STOCKS

*SCRIP*	*BUY ABOVE*

LIQUIDATE

*SCRIP*	*SELL BELOW*
*BIOCON*	*381.00*
*CORPORATION BANK*	*296.00*
*HCL TECH*	*481.00*
*HPCL*	*285.00*
*IFCI*	*10.10*
*INDIAN HOTELS*	*1101.00*
*IOB*	*81.65*
*IPCL*	*225.50*
*PUNJAB* *TRACTORS*	*250.00*
*SAIL*	*75.40*
*VIJAYA BANK*	*42.00*
*ZEE*	*219.75*

FUTURE OPTIMISM

*SCRIP*	*VIEW*	*STRATEGY*
*JET AIRWAYS FUTURES*	*BEARISH*	*SELL < 705.75 TARGET 681 – STOP > 731*

CASH MARKET – SHORT TERM

*SCRIP*	*VIEW*	*STRATEGY*
*ANDHRA BANK*	*BEARISH*	*SELL < 71.50 TARGET 69.50 – STOP > 73.55*
*BANK OF INDIA*	*BEARISH*	*SELL @ 115 TARGET 113.25 – STOP > 116.75*
*BHEL*	*BEARISH*	*SELL < 1905 TARGET 1895 – STOP > 1915*
*CANARA BANK*	*BEARISH*	*SELL < 227.75 TARGET 224.50 – STOP > 231.10*

Courtesy: Prognosis Consultancy Services

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Thursday, June 01, 2006

HIV AIDS - 25 YEARS

ACQUIRED IMMUNE DEFICIENCY SYNDROME(AIDS)

25 years of AIDS

KILLER DISEASE HAS INFECTED ABOUT 65 MILLION AND KILLED 25 MILLION

Year 1981: First discovered in the U.S. in June by US scientists among gay men and intravenous drug users who reported to be having an unusual immune system failure. Young gay men in New York and California exhibited a rare form of pneumonia and aggressive form of Kaposi's Sarcoma.

Year 1982: First case of possible mother to child transmission of AIDS as well as infection by blood transfusions reported by US Centers for Disease Control. Deaths relating to AIDS crossed 1000 in U.S.

Year 1983: The cause of AIDS, a virus, discovered by Dr.Luc Montagnier (France) and Dr.Robert Gallo (U.S.). The isolated retrovirus later named as Human Immunodeficiency Virus or HIV epidemic exposed in Central Africa.

Year 1985: The first international celebrity to disclose AIDS infliction publicly was American film star Rock Hudson. Screening of blood donations begin even as HIV antibody tests were being developed in the U.S., Europe and Japan.

Year 1986: Worldwide deaths attributed to AIDS disease crosses 16,300.

Year 1987: UN General Assembly debates on the AIDS. Azidothymidine or AZT a first therapy for AIDS approved for use in U.S. Cost of the treatment USD6,300 per year. AIDS declared as public enemy number one by US President Ronald Reagan.

Year 1990: An estimated 1 million children worldwide reported to have lost one or both parents to AIDS.

Year 1991: AIDS awareness globally symbolised by a Red Ribbon. One more international celebrity, Rock singer Freddie Mercury reveals his AIDS affliction and dies the next day. The estimated HIV positive persons worldwide put at 10 million.

Year 1992: HIV prevalence in Uganda and Thailand begins to decrease following massive mobilisation against the epidemic. First nucleoside reverse transcriptase inhibitor approved for use in the U.S. First clinical trial of the multiple drug cocktails held.

Year 1993: Two more international personalities die of AIDS infliction. Ballet dancer Rudolf Nureyev. Tennis Star Arthur Ashe dies due to infection from blood transfusion.

Year 1994: First treatment to reduce mother to child HIV transmission conducted.

Year 1995: First protease inhibitor approved for use in U.S.

Year 1996: Brazil becomes the first developing nation to provide free anti-retroviral therapy through its public health system. UNAIDS program launched. First non-nucleoside reverse transcriptase inhibitor approved for use in U.S.

Year 1997: Estimated death toll due to AIDS put at around 6.4 million. CDC reports first case of probable HIV transmission through kissing. An estimated 8 million children in Africa have lost one or both parents to AIDS.

Year 1998: South Africa barred from producing cheap generic drugs to treat the country's estimated 3.6 million HIV positive victims by 39 pharmaceutical companies who filed a law suit against SA. This case generated global outrage.

Year 1999: First trial of possible HIV Vaccine in a developing country starts in Thailand.

Year 2000: UNAIDS and WHO launch joint initiative with 5 pharmaceutical companies to increase access to HIV treatment in developing countries.

Year 2001: Centers for Disease Control in US report that incidence of HIV in people older than 50 is rising twice as fast as in younger ones.

Year 2003: UNAIDS and WHO launch 3 by 5 initiative to increase number of people, in low and middle income countries having access to anti-retroviral therapy, from 400,000 to 3 million by 2005. An AIDS relief of USD15 billion announced by US President George Bush.

Year 2004: Centers for Disease Control estimate that 415,193 Americans are living with AIDS, of which 4 in 10 are African-Americans.

Year 2005: World leaders pledge to come as close as possible to universal treatment by 2010. The 3 by 5 initiative by UNAIDS and WHO reaches a total of only 1.3 million persons.

Year 2006: Pope Benedict XVI asks Vatican officials to study whether condoning use of condoms to stop spread of HIV AIDS is consistent with church's pro-life stance. The biggest impact of this would be seen in Africa which is seen as the epicentre of AIDS pandemic, where more than 18 million children are estimated to be orphaned by end of 2010, an increase of over 20% over the next four years.

Today AIDS has claimed 25 million lives and infected another 40 million people of whom half of them are women.

UN – WORLD’S RESPONSE IS INADEQUATE.

India has the largest number of people living with the Virus estimated at around 5.7 million infections overtaking South Africa which has 5.5 million infected people. Education programs not reaching high-risk groups.

Sources: UNAIDS, Centers for Disease Control and Prevention. c GRAPHIC NEWS Courtesy: The Hindu, 01.06.06

INDIAN SHARE SCENARIO 01.06.2006

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 1^st June 2006

SENSEX CLOSED AT 10399 SHEDDING 388 POINTS. SENSEX TOTAL FALL FOR THE MONTH OF MAY WAS 1644 POINTS, i.e. 13.7%.

NIFTY FELL BY 114 POINTS TO CLOSE AT 3071.

RUPEE UNDER PRESSURE HAS TUMBLED TO A NEW LOW OF 46.36.

MARKET ANALYSIS

The market could stage a recovery after yesterday’s sharp fall and the positive cues from the international markets. However, given the current bearish outllok in the intermediate timeframe, the upmove that we are likely to witness may only be temporary in nature. It may be a matter of time before the market starts seeking lower levels once again. Hence, only intra-day traders may try to capitalize the upmove. Position traders may allow the upmove to fade and then resort to short selling once again.

INDEX MOVEMENTS
The Nifty is losing momentum and is likely to head towards 2973. On breaching this level the index is likely to head lower to 2897. In the short term charts the Nifty has formed a reversal formation suggesting that a rise is probable to 3110 followed by 3144 on holding above 3080.

The Bank Nifty broke through the support zone with a gap and never looked like moving above it. This is an indication of weakness. The index is likely to move lower. Short selling would be preferred at higher levels.

The CNX IT may try to move up to 3941 before succumbing to selling pressure.

MARKET NEWS

· Q4 GDP at 9.3% on better farm output

· Rupee hits 3-month low

· Infosys invests 1.2% of total revenues on R&D in FY06

· NOCIL Q4 net profit at Rs.1.43 crores

· Tata Chemicals Q4 net down at Rs. 64.4 crores

· Infosys says rupee volatility a concern

· Dr.Reddy posts Q4 net loss, sets 1:1 bonus