Mkt headlines for the month of May
Daily News Letter—Dated 2nd May 2008 SENSEX: Last Close: 17287.31 NIFTY: Last Close: 5165.90
Gap up opening toward 5240-5250 levels but some profit booking can be seen before we stabilize. Nifty will show 5300+ marks very soon as written earlier, SL 5050. Hot Sector Today: IT & Infra.
Daily News Letter—Dated 5th May 2008 SENSEX: Last Close: 17600.12 NIFTY: Last Close: 5228.20
Mkt will show good opening but volatility on later part of trading. Best day for traders to gain in volatility, Sell at High & Buy at Dip or vice-versa 4 intra-day gain. Hot Sector Today: Infra & Bank.
Daily News Letter—Dated 6th May 2008 SENSEX: Last Close: 17490.90 NIFTY: Last Close: 5192.25
Any dip toward 5110-5150 level should b taken as buying opportunity which can give good return in coming days. We are still not in safe zone which is above 5320. Hot Sector Today: Fertilizer & Infra.
Daily News Letter—Dated 7th May 2008 SENSEX: Last Close: 17373.01 NIFTY: Last Close: 5144.65
Mkt to show nervousness at higher levels, best is to sell at high & buy at dip or vice-versa for intra-day gains. Nifty Support at 5110 -5050 & Resis at 5250-5320. Hot Sector Today: Mid-Cap IT Stock.
Daily News Letter—Dated 8th May 2008 SENSEX: Last Close: 17339.31 NIFTY: Last Close: 5135.50
Today we can see some weakness throughout the day but last hours of trade will be very crucial, we can see sharp fluctuations. Keep eye on RIL. Hot Sector Today: Oil & Sugar.
Daily News Letter—Dated 9th May 2008 SENSEX: Last Close: 17080.65 NIFTY: Last Close: 5081.70
Crucial Day & eyes will be on inflation data. Any +ve news will show good rally in the Mkt. Nifty panic selling can be seen bel 5000. RIL looks strong. Hot Sector Today: Steel & Bank.
Daily News Letter—Dated 12th May 2008 SENSEX: Last Close: 16737.07 NIFTY: Last Close: 4982.60
Nifty will find support around 4910 & 4800 levels. Mkt is still in panic zone & profit booing will be seen at every rise, so avoid long until close abv 5320. Hot Sector Today: Telecom.
Daily News Letter—Dated 13th May 2008 SENSEX: Last Close: 16860.90 NIFTY: Last Close: 5012.65
Mkt has recovered well with good vol in selected stocks, now start buying at every dip with SL 4800 in Nifty. Soon short covering will kill bears. Hot Sector Today: R-Groups & Oil.
Daily News Letter—Dated 14th May 2008 SENSEX: Last Close: 16752.86 NIFTY: Last Close: 4957.80
Panic selling is seen at every rise & Nifty will find crucial support at 4800 but first 4910 is minor support. Buy at every dip for bounce back for sure. Hot Sector Today: Steel & IT.
Daily News Letter—Dated 15th May 2008 SENSEX: Last Close: 16978.35 NIFTY: Last Close: 5011.75
As said earlier to buy on dips, now all bears will be trapped soon. Keep strict SL 4800 with your positions. We can see 5250-5300 Nifty levels soon. Hot Sector Today: Sugar & Infra.
Daily News Letter—Dated 16th May 2008 SENSEX: Last Close: 17353.54 NIFTY: Last Close: 5115.25
Again a hurdle with bulls today: Inflation Figure. Mkt will remain range bound till 12 noon & then sudden movement, expected positive side only. Hot Sector Today: Bank & Fertilizer.
Daily News Letter—Dated 20th May 2008 SENSEX: Last Close: 17434.94 NIFTY: Last Close: 5157.70
Mkt is in favor of the bulls but remain cautious as hurdle at 5320 on closing basis. Try to book your long positions at every rise & stay in cash. Hot Sector Today: Fertilizers & Metal.
Daily News Letter—Dated 21st May 2008 SENSEX: Last Close: 17230.18 NIFTY: Last Close: 5104.95
Mkt will show weak opening but bounce back from lower levels expected. Nifty support at 5050 & Resis at 5150 for day-traders, pls avoid long. Hot Sector Today: Infra and Power.
Daily News Letter—Dated 22nd May 2008 SENSEX: Last Close: 17243.16 NIFTY: Last Close: 5117.65
Today will be a volatile day, which will show gap down opening, but some relief later on. Today 5000 level will be good support on closing basis. Hot Sector Today: Bank, IT & Infra.
Daily News Letter—Dated 23rd May 2008 SENSEX: Last Close: 16907.11 NIFTY: Last Close: 5025.45
Last day for Mkt to show clear trend, if recovers y'day loss then expect 5200-5250 next week else chance of 4800 level in Nifty, Keep an eye. Hot Sector Today: Sugar, Pharma & Cement.
Daily News Letter—Dated 26th May 2008 SENSEX: Last Close: 16649.64 NIFTY: Last Close: 4946.55
A highly volatile day today will be, Buy at Dip toward 4910-4800 levels from here a sharp bounce expected. Nifty has Supp 4800 & Resis 5150. Hot Sector Today: Metal, Oil & Gas.
Daily News Letter—Dated 27th May 2008 SENSEX: Last Close: 16348.50 NIFTY: Last Close: 4875.05
Some relief can be seen but still panic selling & volatility expected at every rise due to F&O expiry this week. Nifty has Supp 4800 & Resis 4910. Hot Sector Today: Elect, IT & Textile.
Daily News Letter—Dated 28th May 2008 SENSEX: Last Close: 16275.59 NIFTY: Last Close: 4859.80
Mkt will show intra-day volatility facing hurdle at 4950 today & Supp at 4800. A break bel 4800 can show 4650 levels but seems lesser chances. Hot Sector Today: Fertilizer & Telecom.
Daily News Letter—Dated 29th May 2008 SENSEX: Last Close: 16525.37 NIFTY: Last Close: 4918.35
F&O expiry today, Mkt will show short covering & volatility due to rollover. The Mkt bias remains +ve for today with Nifty hurdle at 5000-5050. Hot Sector Today: R-Group & Banks.
Daily News Letter—Dated 30th May 2008 SENSEX: Last Close: 16316.26 NIFTY: Last Close: 4835.30
Stock specific selling can be seen on higher levels. Sell at Rise & Buy at Dips or vice-versa for intra-day gains. Nifty will face hurdle at 4910-4950. Hot Sector Today: Oil& Gas and Infra.