People's Bank of China announced it would lift CRR by 1% to 17.5% ..( The news was out in the morning.. which led to fall of hang seng and shangai) The banking led to fall in the market

Commodity Alert: People's Bank of China announced it would lift CRR by 1% to 17.5%

RPG Life Sciences, Surat Textile Mills, Pacific Industries and Ocean Agro will re-list on stock exchanges today. These stocks will have no circuit filters today

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)

MCX Weekly Supports

MCX Weekly Supports

CRUDE WEEKLY LEVEL'S MCX
SUPPORT:- 5775/5670/5580/5495/5370/
RESISTANCE:- 5985/6165/6235/6415/6475

GOLD WEEKLY LEVELS
SUPPORT:- 893.00/887.50/883.50/879.00/873.00
RESISTANCE:- 904.00/913.00/922.00/928.00/937.00

SILVER WEEKLY LEVEL'S
SUPPORT:- 17.27/17.11/16.98/16.85/16.67
RESISTANCE:- 17.57/17.70/17.83/18.10/18.22

CRUDE WEEKLY LEVEL'S
SUPPORT:- 134.95/132.40/130.35/128.95/125.35
RESISTANCE:- 139.65/143.85/145.80/149.95/150.95

MCX HEARD

Silver crossed 17.50$ if it sliped below 17.30$ than only weak else its too +ve

Gold closed (Spot) 902.20$ some profit booking can be seen till 895$ and till 892$ gold shall be weak below 890$ only
If it need to touch 144$ than technically correction required till 137-135.30$
but crude nt following technical as we said earlier so lets c

Crude has been smashed at friday touched around 139.50$
technically it need to give correction

Mcx 7-Jun Close

MCX
7-Jun-08
CLOSING RATE:- CRUDE:-5854,GOLD:-12453,SILVER:-24428,COPPER:-342.85,ZINC:-84.7,NICKEL:-954 .5,LEAD:-84.05,NATURAL GAS:-542

Gold See The High

Gold See The High

Gold (Aug) High of 12310 Today
Our 2nd Tgt is 12310
What a accuracy
Our Call Was (Buy Gold(Aug) above 12215 Tgt 12280/12310 SL 12165)


Silver also goes upto 24200 Enjoy
Our Call Was (Buy Silver(July) above 24070 Tgt 24270/23360 SL 23940)

Mcx Intraday

Buy Gold(Aug) above 12215 Tgt 12280/12310 SL 12165

Buy Silver(July) above 24070 Tgt 24270/23360 SL 23940