Copper Intra

Mcx Copper Intraday -Buy Copper (June) above 344.5 Tgt 347.5-349 SL 342.4

IRB Infra

IntraDay Call - IRB INFRA.........CAN DO 195 INTRADAY, SL 180 BELOW, CMP 184-185

RPL

See RPL
After hitting our Stop Loss of 160.9
days low is 160.1
CMP 169.5

Piramal Life

Piramal Life Sciences Ltd said on Monday Reliance Mutual Fund has acquired a further 0.30 percent stake in the company to raise its holding to 5.02 percent.
The shares acquired were from open market, Piramal Life said in a statement

Reliance

Reliance Industries Ltd has informed BSE that the 34th Annual General Meeting (AGM) of the members of the Company will be held on June 12, 2008

Cold Blood Bath

4420 A SUPPORT AREA SEEN IF BREAK THEN MKT WILL COME 4350-4260

BEAWARE BLOODBATH

BEAWARE BLOODBATH CAN COME
Nifty BReaks 4450
Sensex breaks 15000

Nifty Fut

Nifty FUT: Expect pullbacks from 4450 to 4439. These are essential supports, below which panic selling may be witnessed

RPL Intraday

INTRADAY - Buy RPL CMP 162.5 SL 160.9 TGT 166

Cover MNifty Short

please cover ur mini nifty shorts

CMP 4470, it give us massive 215 points, means 4300 rs in mini nifty only enjoy

JPT Freeze

JPT Freeze Again
CMP 84.35

Headlines for the day
9-Jun-08

Corporate News Headline
Suzlon Energy signed a share purchase agreement with Areva for acquisition of latter´s total stake of approximately 30% in REpower Systems AG, Germany. (ET)
Essar Steel is planning to raise its takeover offer to USD 17 per share, or about USD 670 mn for Esmark Inc. to thwart a rival bid from OAO Severstal. (Bloomberg)
Axis Bank is planning to raise capital upto Rs. 65.2 bn through upper and lower tier II bonds to support the business growth and Basel II norms. (ET)

Economic and Political Headline
The WPI-based annual rate of inflation rose to 8.24% for the week ended May 24, compared with 8.1% in the previous week, due to an increased in prices of edible oil, groundnut oil, cereal, meat and fish. (BS)
India´s foreign exchange reserves fell to a USD 314.614 bn as on May 30, from USD 316.171 bn a week earlier. (ET)
The US Federal regulators warned that banking-industry turmoil would continue as financial institutions come to terms with piles of bad loans that they made to finance the construction of homes and condominiums. (WSJ)