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Wednesday, March 26, 2008

a volatile session

We should sell the poorly performing stocks in this rally and get hold of good stocks.


Date Scrip Price Buy Qty Value Prsnt Qty M Price M Value % Growth
5-Apr-06 BHEL 2347 1 2347 2 2011.7 4023 71
9-Jan-08 SUZLON 2242 1 2242 5 234.05 1170 -48
23-Jan-08 BHEL 2114 1 2114 1 2011.7 2012 -5
23-Jan-08 BHARATFORG 294.5 4 1178 4 263.75 1055 -10
12-Mar-08 NTPC 197.5 15 2962.5 15 199.85 2998 1











Total (+cash)
11011

11426 3.8









Balance Cash 167.5






40% value 4570.24








Proposed action for tomorrow's trade None
Today's action None
Famex (according to previous trading day) 11426
Previous month close 12557
Movement from previous month close 90.99
Target for this month 13310
News for today : 1 : Wall Street paused after a huge two-session rally Tuesday but closed mostly higher, holding on to almost all its gains even after disappointing reports on consumer sentiment and the housing market.
News for today : 2 : Investment Guru Marc Faber said people don't have any idea where the market will bottom. "However, the market can rally, but any rallies from here will be very good opportunities to sell into." The Sensex can rally up to 18,000-19,000 while the US S&P can go to 1,400-1,450, he said. Faber feels there is two opposing forces in the markets now and hence will prefer to remain out of it.
Stock Barometer 3 - volatile
Strategy for today : Sell weak stock on high
Quote for the day : Money is like manure. You have to spread it around or it smells. ~J. Paul Getty

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