Thursday, April 8, 2010

Market report for 8th April 2010

Asian Stocks Fall on U.S. Consumer Credit, Japan Machine Orders

Mahindra hikes prices by up to Rs 26,100
BGR Energy plans 1,320 Mw plant in Orissa
NTPC plans to raise capacity to 75000 MW by 2017
Ackruti City plans to raise Rs250 crore
Kingfisher Airlines plans GDR in 10 weeks
Decision on FDI ban in tobacco products likely tomorrow
Dish TV targets addition of 3m subscribers in FY11
USL becomes 2nd biggest spirits maker in world
Steel Strips says promoter picks up 4% stake in firm
Expect $15m order from China in few days: Everest Kanto
Blackstone to invest up to $3 bln in India over 5 yrs
Reliance Venture Asset Mgmt invests in Tessolve Services
JSW Steel plans Rs7,000 crore capex
Importers' dollar buy talk pulls Re down 0.2%
RIL promoters acquire shares worth Rs 113 cr
ACC's savings through AFR business rise 79%


Market Outlook.MArket may open negative and will test key support levels.

Nifty Strategy:- Sell NIfty below 5344 for a tgt of 5312/5290. Use Trailing SL of 15 points.Don't sell Nifty if it opens below 5344.