back in red !!

Proposed action for tomorrow's trade	None
Today's action	None
Famex	9715
News for today : 1 :	Wall Street headed for a slightly lower open Monday as investors watched to see if oil will extend its recent decline and also awaited a reading on existing home sales.
News for today : 2 :	-
Stock Barometer	3 Average
Strategy for today :	-
Quote for the day :	"Finding your entrepreneurial spirit and making it strong is more important than the idea or business you are developing." - Robert Kiyosaki

d risen hope

Proposed action for tomorrow's trade	None
Today's action	None
Famex	10531
News for today : 1 :	Wall Street rebounded smartly Friday, shooting higher as a surge in the dollar and another plunge in oil prices eased some of investors' worries about losses at mortgage finance company Fannie Mae.
News for today : 2 :	Rajen Shah, Chief Investment Officer, Angel Broking feels there are no more positive news to take the Sensex substantially up from the current levels and the markets are taking a breather after the 20% rise in such a short span of time. He said, �At 15 times the earnings one cannot be too bullish on the market especially in any of the current scenario where there is uncertainty about the movement of crude prices and inflation.� So, he believes it is going to be a rangebound market with a more stock specific movement than the indices going significantly up from the current levels in the short-term. But, he said the long-term looks very bright and sunny.
Stock Barometer	2 Good
Strategy for today :	Sell when price is good
Quote for the day :	"Every day I get up and look through the Forbes list of the richest people in America. If I'm not there, I go to work." - Robert Orben

rising again

Proposed action for tomorrow's trade	None
Today's action	None
Famex	9674
News for today : 1 :	Oil prices continued a 3-week slide on Wednesday in Asia as expectations that this year's surge in energy costs are undermining U.S. gasoline demand, sending crude below $122 a barrel. Investors expect more evidence of falling gasoline consumption when the U.S. Energy Department's Energy Information Administration releases its weekly oil inventory report later Wednesday, said Mark Pervan, a senior commodities strategist with ANZ Bank in Melbourne.
News for today : 2 :	-
Stock Barometer	3 volatile
Strategy for today :	Hold to stocks. And invest in good stocks.
Quote for the day :	"Doing more and more with less and less is one form of being generous. In fact, the easiest way to become rich is by being generous." - Robert Kiyosaki

gaining ground - but for how long ?

Proposed action for tomorrow's trade	None
Today's action	None
Famex	9323
News for today : 1 :	Wall Street fluctuated Monday as investors worried about earnings at drug makers Merck & Co. and Schering-Plough Corp., and oil prices moved higher. Both pharmaceutical companies fell sharply after they took the unusual step of delaying their second-quarter results until after the closing bell. The last-minute switch will allow European researchers to present data from a study of the companies' cholesterol drug Vytorin, and some analysts predict the results might be bad news.
News for today : 2 :	Technical Analyst Ashwani Gujral said beyond a knee-jerk reaction the market will not look at politics very seriously. He feels investors should book profits, if there is a gap-up on Wednesday.
Stock Barometer	3 volatile
Strategy for today :	Hold to stocks. And invest in good stocks.
Quote for the day :	"Diversification is a protection against ignorance. It makes little sense for those who know what they're doing." - Warren Buffet

taking a direction

Proposed action for tomorrow's trade	None
Today's action	None
Famex	8874
News for today : 1 :	Stocks surged Wednesday as another drop in oil prices helped offset concerns about a jump in inflation last month. Also, Wells Fargo's second quarter results beat Wall Street expectations, and investors appeared pleased by Wells Fargo's decision to raise its quarterly dividend.
News for today : 2 :	Daryl Guppy, Founder and Director of guppytraders.com sees immediate support for Nifty at 3600; below that it will be at 2900. According to him, we will witness a strong bear market if Nifty fails to hold above 3600.
Stock Barometer	2 Good
Strategy for today :	Hold to stocks. And invest in good stocks.
Quote for the day :	"Buy land. They ain't making any more of the stuff." - Will Rogers 1879-1935

would it recover faster

Proposed action for tomorrow's trade None
Today's action None

Famex 9469

News for today : 1 : Wall Street: Stocks are closing an abbreviated session mixed after some uneven economic data: news of a contraction in the nation's services sector and a tame reading on employment.

News for today : 2 : Portfolio Manager PN Vijay said that India has managed domestic inflation and the interest rate scenario fairly well. He believes that markets may bleed for some more time due to high inflation but should be out of the woods a lot faster.

Stock Barometer 3 volatile

Strategy for today : Hold to stocks

Quote for the day : """Behind every great fortune there is a crime.""
- Honore de Balzac"

a decent jump

Proposed action for tomorrow's trade	None
Today's action	None
Famex	9469
News for today : 1 :	Stocks gave up a brief rally Wednesday and resumed their sell-off after oil hit a new record and factory orders showed the weakest performance in three months in May.
News for today : 2 :	Prabhat Awasthi, Head-Equity Research India, Lehman Brothers, said today's rally was partly led by short covering and some buying from foreign institutional investors. There is no positive news on the macro-economic front, he said. "A number of headwinds still remain. There may not see a substantial rally unless crude and inflation cool off."
Stock Barometer	3 volatile
Strategy for today :	Hold to stocks
Quote for the day :	"A rich man is one with knowledge, happiness and his health." - Lonnie "Common" Lynn

can it go further down ?

Proposed action for tomorrow's trade	None
Today's action	None
Famex	9245
News for today : 1 :	Wall Street began the third quarter with an erratic session Tuesday as a mix of news made it clear the country is still deep in economic problems but may have some positive trends. Prices rose early in the session, fell sharply for much of the day and then recovered in late afternoon.
News for today : 2 :	According to Kapoor, chances of a complete reversal or sharp bounceback of 3,000-4,000 points looks difficult because the fundamental situation -- boiling oil, high inflation, rising current account and budgetary deficit -- are not all that great.
Stock Barometer	3 volatile
Strategy for today :	Hold to stocks
Quote for the day :	"A fool and his money are soon parted."

when EC rose as a phoenix

Proposed action for tomorrow's trade	None
Today's action	None
Famex	10535
News for today : 1 :	NEW YORK (AP) -- Stocks stalled Monday, ending mostly lower after rising oil prices and ongoing worries about the financial sector gave investors little reason to buy a day ahead of a Federal Reserve meeting.
News for today : 2 :	Sangeeta Purushottam, Head-Institutional Business, Religare Securities, said the markets are heading toward some level of capitulation on negative news flows.
Stock Barometer	3 volatile
Strategy for today :	Hold to stocks
Quote for the day :	I come back to the same thing: We've got the greatest pipeline in the company's history in the next 12 months, and we've had the most amazing financial results possible over the last five years, and we're predicting being back at double-digit revenue growth in fiscal year '06. Steve Ballmer

Proposed action for tomorrow's trade	None
Today's action	None
Famex	11289
News for today : 1 :	Stocks ended a back-and-forth session with modest advances Thursday as a sharp drop in oil prices helped counter renewed concerns about the strength of the economy. Oil fell nearly $5 per barrel after China announced plans to raise caps on gasoline and diesel fuel prices, a move that could ease global demand.
News for today : 2 :	Nitin Raheja, CIO, Rada Advisors, said the markets are likely to remain ranged, with a lower bias towards the lower end. "When Q2 numbers are announced, one will start seeing that impact happening. That is when all bad news would have gone through. By then, the markets would have probably bottomed out."
Stock Barometer	3 volatile
Strategy for today :	Hold to stocks
Quote for the day :	Look at the product pipeline, look at the fantastic financial results we've had for the last five years. You only get that kind of performance on the innovation side, on the financial side, if you're really listening and reacting to the best ideas of the people we have. Steve Ballmer

to find a direction

Proposed action for tomorrow's trade	None
Today's action	None
Famex	11412
News for today : 1 :	Wall Street started the week with a mixed finish on Monday as investors weighed volatility in oil prices and new hope for the financial sector after Lehman Brothers posted results. Stocks spent much of the session mostly lower after a fresh record for crude oil and a decline in regional manufacturing activity touched off concerns about the ability of the economy to push ahead.
News for today : 2 :	Sanjay Sinha, CIO, SBI Mutual Fund, said the uncertainties in the market have not gone yet. "Inflation remains a big concern. It would cross double digits. The question is how long it will last. High input prices are also likely to impact margins going forward. We can see more downside if Q1 results are not inline with expectations. Politics and liquidity flows will be other factors to watch out for."
Stock Barometer	3 volatile
Strategy for today :	Hold to stocks
Quote for the day :	I look back on it, yeah, I'm in a much worse financial position than I was eight years ago. I'm going to have to go out at age 62 and kind of readdress some of that. Bruce Babbitt

start of a brand new week

Proposed action for tomorrow's trade	None
Today's action	None
Famex	11412
News for today : 1 :	As the American economy slowed to a crawl and stockholders watched their money evaporate, CEO pay still chugged to yet more dizzying heights last year, an Associated Press analysis shows.
News for today : 2 :	Madhusudan Kela, Head Equity Investments, Reliance Mutual Fund feels that we are in a rangebound market. According to him, every incremental dollar increase of oil is having an incremental huge pain for a country like India because it is definitely disturbing our macroeconomic fundamentals. He feels that inflation will recede in the next three-four months and an immediate interest rate cut will not be seen.
Stock Barometer	2 up
Strategy for today :	Hold to stocks
Quote for the day :	My undergraduate education, at the City College in New York, was made possible only by the existence of that excellent free institution and the financial sacrifices of my parents. Kenneth Joseph Arrow

signs of risings

Proposed action for tomorrow's trade	None
Today's action	None
Famex	11412
News for today : 1 :	Wall Street ended a turbulent week with a sharp gain Friday after government readings on inflation and a drop in oil prices eased worries about the effect of rising prices on consumers.
News for today : 2 :	Inflation has hit a seven-year high and could probably go higher next week. PP Mallya, Chairman of Vijaya Bank sees inflation going further up in the coming weeks because he thinks oil prices haven't been factored in yet. He expects it to avarage around 8.90%.
Stock Barometer	2 up
Strategy for today :	Hold to stocks
Quote for the day :	-

have we seen the bottom yet

Proposed action for tomorrow's trade	None
Today's action	None
Famex	11090
News for today : 1 :	Wall Street gave up a big early advance as the price of oil rose Thursday, with stocks closing moderately higher but also demonstrating how anxious investors are about inflation and the overall health of the economy. Bond prices fell sharply and yields shot higher in response to an upbeat retail sales report.
News for today : 2 :	R Venkat Subramanian of Kotak Securities said today's market action is somewhat encouraging. "From a macro point of view, I don't think we are yet ready to call a bottom for the market. The circumstances under which we have reached here are quite challenging.
Stock Barometer	3 volatile
Strategy for today :	Hold to stocks
Quote for the day :	Our planes should be full, which among other things means we have a golden opportunity... to build on the momentum reflected in the financial results we are reporting today. Gerard Arpey

correction in calculation

There has been a major flaw in calculation all along. It has been corrected here.

Proposed action for tomorrow's trade	None
Today's action	None
Famex	11164
News for today : 1 :	Wall Street tumbled Wednesday as oil prices rebounded, fanning concerns that inflation will further pinch consumers and lead central banks to raise interest rates. The Dow Jones industrial average fell more than 200 points to its lowest close since mid-March.
News for today : 2 :	The Reserve Bank of India, or RBI, has hiked the repo rate by 25 bps to 8% from 7.75% previously to contain inflaiton concerns.There has been no change in reverse repo rate. RBI said it was essential to take measures on urgent basis.
Stock Barometer	3 down
Strategy for today :	Hold to stocks
Quote for the day :	We have, unlike many of our competitors, continued to meet our various financial obligations. Gerard Arpey

slaughtered

Proposed action for tomorrow's trade	None
Today's action	None
Famex	9684
News for today : 1 :	Stocks closed mixed Monday, with Wall Street exhausted from last week's swoon and still nervous about the effect of bank losses and energy costs on the economy.
News for today : 2 :	Sangeeta Purushottam of Religare Securities feels 2008 will be a turbulent year. "News flows are unlikely to reduce. There is limited downside as bad news is getting factored in."
Stock Barometer	3 volatile
Strategy for today :	Hold to stocks
Quote for the day :	Music video directors, who conceive, write and direct these works, enjoy no creative rights, receive no ongoing financial benefit from the sale of our work, and many times are not even credited. Michael Apted

a new week. - a new hope?

Proposed action for tomorrow's trade	None
Today's action	None
Famex	10303
News for today : 1 :	That economic rebound in the second half of the year so many experts have predicted -- including Federal Reserve Chairman Ben Bernanke himself -- is starting to look dicey. Wall Street has just three weeks left until July starts, and signs of trouble keep surfacing.
News for today : 2 :	Manishi Raychaudhuri, ED, UBS Securities, said the markets are trading around 15.5-16 times one-year forward earnings. "The markets has not fallen below 15 times earnings in past corrections. However, we see another 10% correction. The Sensex can go down to 14,000."
Stock Barometer	4 bad
Strategy for today :	Hold to stocks
Quote for the day :	It is unsound for an independent editor to be a financial contributor to any cause which would cause any type of special pleading. Walter Annenberg

worst falls

Proposed action for tomorrow's trade	None
Today's action	None
Famex	10303
News for today : 1 :	Wall Street tumbled Friday, taking the Dow Jones industrials down nearly 400 points, on a pair of alarming economic developments: oil prices that shot up by more than $11 a barrel and approached $140 for the first time, and the biggest gain in the government's unemployment reading in more than 20 years
News for today : 2 :	C Jayaram of Kotak Mahindra Bank is unsure how much pain is left in the markets. "The Sensex is seen trading between 14,500 and 17,500. It is unlikely to go much below the 14,000-14,500
Stock Barometer	4 bad
Strategy for today :	Hold to stocks
Quote for the day :	Pursuing your passion is fulfilling and leads to financial freedom. Robert G. Allen

rising up further

Proposed action for tomorrow's trade	None
Today's action	None
Famex	10600
News for today : 1 :	Wall Street surged Thursday as investors looked past a sharp rebound in oil prices and focused on comforting news about the economy -- better-than-expected retail sales and a drop in the number of laid-off workers seeking unemployment benefits.
News for today : 2 :	Pathik Gandotra, MD and Head of Research, IDFC SSKI, said the markets are likely to remain lacklustre for the next few months. "We see a lot of headwinds on growth in the coming days. Global sentiment is not very sanguine about India now. We had scaled back our index targets and will cut it by another 7-8%. Our Sensex target is to be scaled down to 18,500-19,000 levels."
Stock Barometer	2 - up
Strategy for today :	Hold to stocks
Quote for the day :	Money is better than poverty, if only for financial reasons. Woody Allen

17% down

Proposed action for tomorrow's trade	None
Today's action	None
Famex	10549
News for today : 1 :	Wall Street ended a wobbly session with a mixed performance Wednesday as concerns about the financial sector eroded enthusiasm over a decline in oil prices and a report that signaled modest growth in the service economy.
News for today : 2 :	Sanju Verma, ED and Head of Institutional Business, HDFC Securities, said Nifty fell further as it broke below the strong support of 4,800. "The trend is likely to be weak, but the markets may not go back to March lows."
Stock Barometer	3 - volatile
Strategy for today :	Hold to stocks
Quote for the day :	It is imperative that we make consumers more aware of the long-term effects of their financial decisions, particularly in managing their credit card debt, so that they can avoid financial pitfalls that may lead to bankruptcy. Daniel Akaka

rising up

Proposed action for tomorrow's trade
None
Today's action
None


Famex
11094


News for today : 1 :
Wall Street fell sharply for a second straight day Tuesday as investors grew more worried that the financial sector is still suffering badly from the credit crisis. The Dow Jones industrials dropped more than 100 points, bringing their two-day loss to 235.


News for today : 2 :
Rajen Shah of Angel Broking advised investors that 14,600 level on the Sensex would be a great time to jump into the market. He told CNBC-TV18 that at those levels, stocks will be much more compelling and attractive than they are right now.


Stock Barometer
3 - volatile


Strategy for today :
Hold to stocks


Quote for the day :
"It is not the employer who pays the wages; he only handles the money. It is the product that pays the wages." Henry Ford

drowning

Proposed action for tomorrow's trade	None
Today's action	None
Famex	10760
News for today : 1 :	Wall Street retreated Monday on more signs of economic weakness and executive shake-ups at two major banks -- reminders of the ongoing fallout from the credit crisis. The Dow Jones industrial average fell more than 130 points.
News for today : 2 :	Ajay Loganadan, Head of Investment Advisory Group, HSBC Private Banking, said high inflation is one of the main concerns for the market. "FIIs are not comfortable with the trade deficit numbers. Foreign fund outflows are over USD 1 billion in the last fortnight. If FII outflows continue, markets could hit January lows."
Stock Barometer	3 - bad
Strategy for today :	Hold to stocks
Quote for the day :	Women prefer men who have something tender about them - especially the legal kind. ~Kay Ingram

at 89%

Proposed action for tomorrow's trade	None
Today's action	None
Famex	11250
News for today : 1 :	NEW YORK -- Investors examine the same key economic reports at the start of every month -- on manufacturing, the service sector and employment. This week, they'll be looking at these indicators for inflation clues as much as they will for insight into economic growth: Inflation & Oil.
News for today : 2 :	-
Stock Barometer	3 - volatile
Strategy for today :	Hold to stocks
Quote for the day :	Literature is an investment of genius which has dividends to all subsequent times. ~John Burroughs

consolidation time

Proposed action for tomorrow's trade	None
Today's action	None
Famex	10958
News for today : 1 :	NEW YORK -- Stocks rose for the third straight session Thursday as oil prices fell sharply and the government reported that the economy grew last quarter at a faster pace than previously estimated.
News for today : 2 :	Ambareesh Baliga of Karvy Stock Broking, sees the Sensex trading closer to around 15,600 to 15,800. At those levels, he feels, there should be some amount of consolidation. However, he doesn't see the market going lower than that.
Stock Barometer	2 - up
Strategy for today :	Hold to stocks
Quote for the day :	There is something fascinating about science. One gets such wholesale returns of conjecture out of such a trifling investment of fact. ~Mark Twain