Rajesh exports Ltd.may rise to 27 levels today.
We like today ANSAL INFA today as well as GMR which we recommended yesterday could break out with in 5 days.We also like Dish tv in long run.
U.S. stocks break a five-session losing streak, part of a worldwide rally on hopes for more stimulus spending from the Chinese government. But the rally passed over one major industrial player in China: Shares of General Electric slid again and speculators in the derivatives markets continued betting against the conglomerate. The U.S. and China are viewed as the twin engines of economic growth, and the surprising vulnerability of China to the financial crisis was one of the biggest weights on industrial and commodities sectors in recent months.
Asian markets opened with this hope , nikkie is now trading at 3% up and sydney is also trading at 1.5% higher.So trading at higher in india also possible today.Have a nice trding day.
We like today to recommend GMR industries.Stock is trading at good valuations and could make a rally to 130 and above.
Verybad numbers from the world auti giants .Ford leads in the worst news that lost 50% of sales compare to last year of same period.More over to these Australian GDP also has nothing to joy.Sydney lost 2% in the morning itself, other asian markets also not trading higher.Sensex is trading at very critical area ,its really a range bound market.Market likely to be positive in closing amid of these bad news.Because lots of shorts exists.Other bad news is that CLSA lowers india GDP expectation to 4.9%.So nothing good expects today.Have a nice trade day.
Rupee sinks all time low ,that now it is trading at 52.19.It is said that above 52 now sellers at all other than RBI.RBI very keen about the not to further sink of rupee.Deep fall in the equity market has brought this situation ,as FII becomes buyers other than any time.Technicals say rupee could depreciate further as to touch 53-54.
Australian gross domestic product shrank .5% for the period of october -december.There was a expectation that it will rise atleast .2%.
We like Dish TV and Cairn india today as both can down today.
See a major aupport at 22.30 for Dish tv ,according to the chart study it could easily make a down to this level.
And about Cairn india has all the possibility to slump 150, today itself.
The tips are for 3-4 days ,and it s so advised so because market is so volitile.
Shorting and holding the shares is always risk than buying the same.
U S market are down on yesterday trade and it s now at the 1996 levels.Ten companies, led by ConocoPhillips, Time Warner Inc. and recently acquired Merrill Lynch, are behind the bulk of the carnage that helped fuel the worst two-month start ever for the S&P 500 Index, which on Monday made another run through its November lows.
In india we dont feel much raaly today,as all asian markets are trading down today morning.Nikkie opened -1.5% and Hangeseng is the biggest loser with more than 3% down.We also go with the stream, recovery could seen after the lunch session ,but it will difficult to bring back the market to last week closing levels.Have a nice trading day.
For the last 4 weeks we were not active , ant we are coming back today.We regeret the inconvenience that happened to our regular readers.
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