Inflation

Inflation rose to a 45-month high of 8.1 per cent for the week ended May 17 on account of rising prices of fruits and vegetables, pulses, spices and some industrial fuels.
The Wholesale Price Index-based inflation was 7.82 per cent a week ago and 5.3 per cent during the corresponding week last year.During the week, prices of fish marine jumped up by 6 per cent, fruits and vegetables by 3 per cent, moong 2 per cent and spices by 1 per cent.

ECG Compulsory

Important Announcement::::::::: SEBI HAS MADE ECG COMPULSORY WITH PANCARD FOR TRADING IN EQUITYs spcially for those who wish to trade in FNO

Breaking News

Confirm at your end: BREAKING NEWS: Windfall tax to be imposed on private oil companies. Very Very Negative for RIL and other Oil MAJORS.

Pressure on RIL seen

GSS Amreica

BAD LUCK
Our sl hits 335
on 27-May-08

BUT
SEE Now
20% up
CMP 378

MCX LME

30-May-08
LME WAREHOUSE STOCK
COPPER -1450
NICKEL -414
ALUMINIUM -1100
ZINC +125
LEAD +1100
TIN +115

Colgate

Colgate's FY 2007-08 Net Sales up 14%, Net Profit from Operations up 25%; Dividend increased by 37% to Rs 13.00 / Share

sanur lower circut

sandur lower circut cmp 1219
hope most ppl book profit
risky players can still hold

LME Inventory

Due to some technical problems in LME, inventory is delayed today

Satyam

INTRADAY - BUY SATYAM...S/L 520
CMP 522
TGT 527-532

Spice....

Spice Tele 7.19% up
CMP 58.15
Zoom Barabar Zoom Barabar Zooooooooooom!

GDP

GDP 8.8% Vs 9.7 % yoy

Spice Tele

Spice Tele
3.70% up
cmp 56.4
ROCKING!!!

Infosys Technologies

Infosys Technologies plans to set up an Information Technology Special Economic Zone (ITSEZ) in Bhubaneswar with an estimated investment of Rs 300 to Rs 350 crore. The company has sought 50 acres of land for the project from the state government.

Inflation 8.01%

inflation 8.10%

DLF

DLF Achived 1st TGT 598
Made High of 601
Near our 2nd Tgt
Always book some quantity on every tgt
and after hitting tgt
kept sl to cost (for min risk players)

PirLife

1st Target Hits
High Now 306
Book Some Profit Time To Time

Nifty Long

Long MNifty @4885
Positional Call
Target will give u later

DLF

Intraday buy dlf...s/l 593
tgt 598-603

pirlife

buy pirlife...s/l 297
tgt 305-310

Rpower

RPower has got Xbonus today. CMP is 253 hence investors are getting Rs.253x3=506 per share. Thats almost 14% more than IPO price

JPT Freeze

JPT Frreze Again
CMP 63
Anyone can book profit here
we bought a 47
Massie 33.33% GAIN
IN 7 TRADING SESSIONS ONLY
(WE BUY ON 22-MAY-08)


Sandur CMP 1283 only reisk players hold
other pls book profit
50% profit
we bought at 925
Enjoy

Be Aware...

EXPECT TWO BOMBS ON DALAL STREET TODAY.INFLATION AND GDP DATA.

Nifty 30-May-08

Nifty(4835.30)
Once again market turned volatile and closed in the red even after positive opening and positive global cues. So still people are afraid of taking a short or medium turn view on our market. Long term view is very much optimistic. But for the short term we believe that there is no such positive surprise that is going to drive the market up again from here. For today supports are 4772, 4709 and resistances are 4864, 4927

News 30-May-08

Headlines for the day
News 30-May-08
Corporate News Headline
Infosys is planning to invest Rs. 5 bn in Orissa for setting up an SEZ in IT and ITeS sectors. (ET)
Reliance Communications and South African telecom firm MTN has started to work out a deal involving swapping of equity between them. (ET)
SBI has borrowed Rs. 130 bn from the RBI amidst tight liquidity conditions and spiralling oil prices. (ET)

Economic and Political Headline
The government is planning to raise petrol and diesel prices by Rs. 3-4 a litre and Rs. 2 a litre, respectively to curtail losses of state-owned oil firms. (BS)
The government allowed infrastructure companies to raise up to USD 100 mn through ECBs for rupee expenditure under the approval route. (BS)
The US GDP rose at a seasonally adjusted 0.9% annual rate during January through March because of a better trade balance and stronger business spending. (WSJ)

MCX CLOSE 29-May-08

MCX CLOSING RATE 29-May-08
CLOSING RATE:- CRUDE:-5417,GOLD:-12087,SILVER:-23171,COPPER:-335.15,ZINC:-83.80,NICKEL:-94 3.50,LEAD:-82.30,NATURAL GAS:-492.50