United states again closed on plus

U.S again closed on green on the hopes of auto bail out.This is second day dow continuing positive on the hopes.There were whole sale index numbers which was very worst and The monthly Treasury budget data follow strong seasonal patterns which produce huge month-to-month fluctuations in the deficit. These fluctuations tell us little about long term budget trends. To the extent that the market analyses the monthly Treasury data, the focus is on year/year changes in receipts and outlays, since the data are not seasonally adjusted.These numbers tells very bad situation so we are not cofident the recovery in Dowjones.

Buy NEYVELI

NEYVELI LIGNATE
Very attractive position,could see some break-out today itself,or with in this week.60 is our target.

Market today

U.S. stocks retreated Tuesday, putting the brakes on two sessions of gains, as companies including Texas Instruments Inc., FedEx Corp. and Danaher Corp. offered gloomy earnings projections.Market likely to open higher and further slides to lower in cards.

Friday tips

Lets check our friday tips performance.

Mercator lines Recommended at 23.3 and it surged to 25 during the day trade.That is 7.30% up in single day.

Auobindo pharma recommended at 108.45 and we seen a rally to 122.45 friday itself.That is 14% up.

Buy Satyam

Satyam computers at very attractive value.Like to see a good movement on this counter.

Technicals

Immediate resistence at 233.20 and 236.50

Supports at the closing pice friday that is 225.15

Asia how

South Korea's Kospi index up 2.3%
New Zealand's NZSX-50 rises 1.1%
Australia's S&P/ASX 200 climbs 3.2%
Japan's Nikkei 225 Index up 0.9%

Hong kong's HANGSENG up 3.3%

Finally India

Right after the action by United states,Japan ,Indian authorities also looking now for a stimulus package to economy.Indian government announced yesterday an $4.1 billion financial package to amid the financial slowdown in country.Government is also cutting 4% of VAT in various cateogries to encourage the consumer spending.Earlier RBI eased interest rates of repo and reverse repo by 100 basis points.Repo rate will be 6.5 and reverse repo will be 5% ,effective 8 December.

HCL tech ready to soar,IBN18 10% up

We recommended HCL TECH and IBN18 yesterday.Among these IBN18 touch 100 yesterday itself.That is 10% up in intraday.When talking about HCL TECH it didnt show much response yesterday, but is ready for a rally.Team dalalsecurities is striking again and again.

Tip today

BUY AUROPHARMA

support at 105.05 and resistence at 111.75 and 114 is our target in one week.

and BUY MLL

support at 22.90 and resistence seen at 25.30.Our target is 26 in one week.

SEBI restricts early exists of investors

SEBI restricts early exists of investors in closed ended funds.Yesterday SEBI said that investors have to wait for the maturity period to exit.These fund have to list in stock exchanges for the trading purpose.SEBI also said that these funds have to invest in instruments in line with their maturity profile.
SEBI force to introduce these new norms on the highlights of huge withdrawal from investors by fearing credit problems.The latest norms will applicable to new munds only.

World markets

January crude-oil futures down 2 cents at $43.65
New Zealand NZSX-50 up 0.04%
South Korea's Kospi up 0.6%
Japan's Nikkei 225 up 0.02%
Australia's S&P/ASX 200 down 0.5%

Market today

Indian markets likely to open lower and could back to positive .Yesterday we seen selective buying by FIIs.Today also there is possibility to continue.If the buying habits back to the market we can decouple from the U S market but ultimately there would be some impact.FIIs from other parts of world could come to india as it is more safer than other asian countries like Japan,Honkong and china.When comparing with these India is most fundamental and less affected the global slowdown.

U S stocks down on lay off reports

U S stocked closed down after the two days advance.Retail sales and news of possilble lay off in AT&T and Dupont Co. are the factors which brought Dow to down.When we talking about initial claims ,it was better than expected.Our team expected 540k against 509k outcome number.But the factory orders were much ugly.It down to -5.1% from -2.5%.The down ward movement in factory number shows slowdown in growth,slowdown in factory production etc.This could easly spread to GDP numbers.

Tip today

Buy HCL TECH and IBN18 ,both could rally today itself.5-10% rally expects in these scripts

Market today

Dow inally managed to close at higher point after a very volitile session.Dow surged in late trading on the news that U S treasury department is planing to lower the mortgage interest rate to as low as 4.5%.The mortgage association of united states of america also find that there was huge increase in application for the new mortgages in month of november.There is also some bad news that RIM decreases its outlook of Black berry for the next year, and ADP reported 250000 lay off in private sector in month of november.

India likely to open and trade at positive territory.Some announcement from the part of RBI and Government are expects.For nifty intraday resistence and support please see the sidebar.

Sell Yes bank

Sell yes bank at current levels and cover it at lower levels.Share is likely to go down to 55.45 today it self.

About our yesterday s tip SUZLON slide after it surge to 4% higher.Readers who follows our advise benefited lot.We are still optimistic on this scrip.You can bottom fish on this share.

Market today

U.S. stocks stumbled on Monday, with the Dow industrials sliding nearly 680 points, as economic reports from around the world compounded anxiety about a global recession.Stocks fell further after a report showed the manufacturing sector of the U.S. economy slumped at the fastest pace in 27 years in November.Dalal Street is likely to open lower on the back of weak global cues and worsening global sentiment.We would like to take a contrarian view and predict a bounce in the index after a lower open.

U S recession confirmed

The U.S. economy entered a recession in December 2007, a committee of economists at the private National Bureau of Economic Research said Monday. The economy reached a peak in December and has been declining since, according to the business cycle dating committee of the NBER. The committee does not judge a recession as two consecutive quarterly declines in gross domestic product; rather, it looks at four key monthly economic indicators, including employment, industrial output and sales. Employment peaked in December.

Tip for the day

Our team expects SUZLON will bounce back.We had recommended the stock on thursday ,still we stick on the script.

Technicals of script

Resistence at 42.70 and Support at 41.50.

Market today

Market likely to open higher.When talking about asian market ,japan is trading lower because cold reports on car sales.Today is the first day of december series,could see a 400 point rally in sensex.The GDP numbers ending Sept came up better than expectations, eventhough they are lower than the previous quarters. The economy expanded at a 7.6 percent for the quarter ending Sept 30, which is the lowest since 2004.Have a nice trading day.