WILL THE TERROR STRIKE MARKETS WHICH WE WERE TALKING ABOUT ON Calls :-) 25th July, 2007
YES THE TERROR STRIKED. MARKETS OPEN DOWN WITH MORE THEN 300 POINTS GAP & NIFTY BY 100 POINTS.
The markets are expected to fall sharply in early trade. The reason is the sell off seen in the US markets, which is being mirrored by the Asian markets this morning. While one could see some recovery in the Asian markets before our markets open, it wont be enough to prevent the bulls from throwing in the towel. The US markets have sold off on mounting anxiety about shaky credit markets and the troubled housing sector. The market for Collateralized Loan Obligations has almost shut down in recent weeks, making loans for leveraged buyouts and corporate borrowing harder to sell, This would considerably reduce the M&A activity, which had been fuelling a global market rally in recent months.
From last couple of days we says please don’t stay overnight in your buying position.One by one Nifty daily chart give bearish signal.. Now for 27th July once break 4562 free fall up to Strong support 4502/4480.. After that next strong support at 4412.. We advise our visitor please don’t short at support level once market comes up then short or if you get chance at upper level please short. Or buy at support level with strictly S.L and exit fast.
WHY DID DOW FALL 450 POINTS & NASDAQ OVER 75 POINTS ?
Analysts believe that this Triple-digit swings in the Dow - is overwrought and based more on gut emotion than careful consideration of market and economic fundamentals.
Dow has witnessed its largest one-day point drop since it lost 684.81 on Sept. 17, 2001, the first day of trading after the 9/11 terror attacks. We tried to find and analyse the reasons here they are:
1. Disappointing earnings reports and corporate lending markets which may see more difficult environment for corporate borrowing. Higher corporate borrowing costs will curb the rapid pace of takeovers that have driven major indexes this year.
2. Rising concerns about the mortgage market. Increasing uneasiness about the mortgage market
3. Disappointing durable goods report. Investors moved money into bonds.
4. Disappointing home sales figures - Sluggish environment for home sales and continued defaults in sub prime loans would spur debt defaults and weigh on corporate earnings. Sales of new homes fell 6.6 percent last month
5. But, the real concerns are about credit and oil pushing higher. Investors also reacted negatively as oil prices climbed to almost $77 per barrel during the session, stoking the market's worries about inflation.
OUR STOCK SPECIFIC APPROACH DID BETTER IN VOLATILE MARKETS.
SCRIP NAME BUYIN PRICE
ONGC @ 925
IDFC @ 130
IFCI @ 50
HDIL @ 550
EDUCOMP @ 2250
ALL BOOKED PROFITS YESTERDAY. EXCEPT EDUCOMP.
OUR ALL TIME FAVOURITES RELIANCE PACK.
WE LIKE TO HAVE VERY STOCK SPECIFIC & BOTTOM UP APPROACH.
Results today: HCC (ENP Rs 0.12bn, down 38%), Avaya Global, Bata, Colgate (ENP Rs 0.44bn, up 21%), Everest Industries, MRO Tek, Madras Cement, Amar Raja, LMW, Ramco, CESC (ENP Rs 0.65bn, up 18%), Tata Chemical, BPCL (ENP Rs 5.63bn), Titan (ENP Rs 0.09bn, up 31%), GMR Infra, Raj TV, Naukri, ITC (ENP Rs 7.1bn, up 9%), Engineers India, Dhampur Sugar, NIIT Tech, Ceat, GAIL(ENP Rs 4.9bn, down 17%), IOB (ENP Rs 2.79bn, up 26%), Bhusan Steel, Tata Elxsi, Mcdowell Holdings, MTNL, Geodesic, J&K Bank (ENP Rs 0.72bn, up 15%), Himatsingka Seide, Moser Bear, TVS Motor (ENP Rs 0.06bn, down 73%), Punj Lloyd, Mcdowell, Crisil, Bank of Rajasthan, TV18, Karnataka bank (ENP Rs 0.42bn, up 14%), Prajay Engineering, Deccan Chronical, JP Hydro, Spice Communication, Vaibhav Gems, UTV
Ex Dividend today : Prism Cement (Rs 1) and Tata Consultancy Services (Rs 3) to trade ex-dividned today.
REM MY WORDS MANDI ALWAYS COMES LIKE AN MOSTERRRRRRRRRRRRRRR..............
SEE IN CHARTS WHT HAPPENEND TODAY IN CHARTS
JUST TWO DAYS BACK WE HAD HINTED ABOUT THE TERROR STRIKER ON INDIAN STOCKS MARKETS. SEE TODAY WHAT HAPPENED.
FOR MORE CHARTS CLICK THIS LINK AS U WIL GET BETTER PICTURE
http://alliesfin.blogspot.com/2007/07/calls-25th-july-2007_25.html
TODAY SENSEX JUST CLOSED DOWN BY 550 POINTS & NIFTY BY 175 ODD POINTS.
ALSO GLOBAL MARKETS WAS ON SELL OFF WHICH WAS THE MAIN REASON FOR THE MONSTER.
GOOD DAY , HAPPY INVESTING
