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Thursday, April 17, 2008

markets regaining grounds ?

Proposed action for tomorrow's trade None
Today's action Buy 4 CHENPETRO, 10 TNPL & 20 ARVINDMILLS
Famex 10848
News for today : 1 : Wall Street rallied Wednesday after better-than-expected quarterly results from JPMorgan Chase and two other Dow Jones industrials raised investors' hopes that companies and the economy are indeed recovering from the protracted global credit crisis. The Dow rose more than 250 points as investors shrugged off any concerns about oil passing $115 a barrel for the first time.
News for today : 2 : By Sajeet Manghat/CNBC-TV18: The Stock selling, lending, and borrowing mechanism kicks in on April 21 on both exchanges. All classes of investors would be allowed to short sell. Institutions will not be allowed to indulge in day trading, but they will have to come out and say whether they want to short sell or it’s a normal trade. Retail investors will have the option of disclosing their trades as short sell by the end of the day.
Stock Barometer 2 - Up
Strategy for today : Accumulate good shares
Quote for the day : We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful. ~Warren Buffett

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