MCX Close 28-May-08

MCX Close 28-May-08
CLOSING RATE:- CRUDE:-5609,GOLD:-12446,SILVER:-24271,COPPE

Market is Trading below its 50 DMA (4915-Nifty Fut) for consecutive 3 days, which is very bearish indication, unless Nifty Fut closes above 4920 no major covering is expected.....

LME STOCK COPPER: UP 1400 ZINC: UP 7000 ALUMINIUM : UP 1225 KEDIA NICKEL: DOWN -54 LEAD: DOWN -25 TIN: UP 10 28/05/2008 13:30

KEDIA: LME NET CAN. WARRANT COPPER: DOWN -1325 ZINC: DOWN -150 ALUMINIUM : DOWN -425 KEDIA NICKEL: DOWN -204 LEAD: DOWN -675 TIN: DOWN -150 28/05/2008 13:30

Spice Tele

Spice Tele Rocking
CMP 53
High 53.40
Our Target 60
Enjoy!!!!!!!!!!!!
Book Profit time to time

IOC

IOC to pay dividend of 55%

Unitech

Realty firm Unitech has informed the Bombay Stock Exchange that the department of telecommunications (DoT) has issued 4.4 4 MHz of spectrum in 1800 MHz GSM to the company's subsidiary to operate in Andhra Pradesh.

RPower

Adjustment of Futures and Options contracts in the security Reliance Power Limited (RPOWER very important) *****All existing contracts i.e. contracts with expiry dates May 29, 2008, June 26, 2008 and July 31, 2008 will expire on May 29, 2008.****Derivatives contracts on RPOWER shall be reintroduced from May 30, 2008 being the ex-date of the underlying

Visa Steel

visa steel is going to announce big expansion and iron ore mining ... it can be next adhunik in making ..price target is 150 and in short ternm may touch 90 in 1 month

GOVT LIFTS BAN ON CEMENT EXPORTS FROM GUJARAT PORTS: MOVE TO BENEFIT AMBUJA CEMENT, ULTRATECH CEMENT

Tata Power

Anyone can book profit at 1337
10 rs gain
others can hold with sl to cost

Tata Power

Tata Power Sinking..........
CMP 1339
Enjoy

Bajaj Financial Services

Zooming
can book profit
CMP 608

Bajaj Financial Services

BUY BAJAJFINSV...S/L 585

Tata Power

SHORT TATAPOWER...S/L 1355
CMP 1348

Nalco

National Aluminium Company Ltd (Nalco) to increase prices by Rs 8,000 a tonne!!!

Sandur

Circut open
book profit sme.............
cause circut is opening oftenly now
risky players can hold some
i also hold some :D

Sandur & JPT Freeze

Sandur & JPT Freeze Again.............
JPTSec 57.4
Sandur 1244
:D
Enjoy!!!!!!!!!
Book some profits also.........

NiftyView

Nifty Future cmp 4842.35..Nifty fut good above 4860....Nifty fut Weak below 4820.

MCX - Gold & Silver Levels

MCX - Gold & Silver Levels
28-May-08

GOLD
Support
12510/12480/12450
Resistance
12635/12700/12725

SILVER
Support
24150/24000/23900
Resistance
24625/24750/24900

Headlines for the day - 28-May-08

28-May-08

Corporate News Headline
Tata Steel received mineral concession approvals from the Ministry of Mines for two large mines. (ET)
Reliance Communications and South Africa´s MTN Group agreed in principle to a reverse takeover. (WSJ)
Tata Communications signed a MoU with Emirates Telecommunications Corp to provide enterprise grade network services in the UAE. (ET)

Economic and Political Headline
The government is considering options like revising import duties on petroleum products, imposing cess on income tax, as well as additional oil bonds to compensate for losses suffered by oil marketing companies. (BS)
The government partly relaxed the ban on cement exports, which was imposed on April 11 this year to improve the availability of the commodity in the country. (BS)
In the first quarter, the US home prices across the country fell 14% from a year earlier as the subprime-loan meltdown weighs on the sector. (WSJ)

MCX Open

Open
28-May-08

SPOT/open
GOLD-905.60
SILVER-17.42
CRUDE-128.66
NOW:-
GOLD-908.80
SILVER-17 .50
CRUDE-128.80
EUR-1.5694
GBP-1.9743
JPY-104.14