BHEL losing steam

Proposed action for tomorrow's trade	Sell BHEL at 1905
Today's action	Sell Bharat Forge at 278
Famex (according to previous trading day)	10786
Previous month close	12557
Movement from previous month close	85.90
Target for this month	13310
News for today : 1 :	Federal Reserve Chairman Ben Bernanke told Congress Thursday the Fed expects to recover most, if not all, the $29 billion worth of loans it made to keep struggling Bear Stearns Cos. from collapse. Bernanke's remarks, in which he defended the central bank's decision to aid JPMorgan Chase & Co.'s buy of Bear Stearns, were calming to investors hoping that demand is returning to the tight credit markets.
News for today : 2 :	Sridhar Sivaram, ED, Morgan Stanley Asset Management, said an immediate rally in April looks difficult across emerging markets. He expects flat markets during this period of time correction. And India would find it bit difficult, he said, to see a market rally.
Stock Barometer	3 - Volatile
Strategy for today :	Sell weak stock on high
Quote for the day :	Investors have very short memories. ~Roman Abramovich

where are we headed ?

it seems we have reached a cross road and are unsure as to which direction the stock market will take from here ... should we sell all the holdings here? there is a general perception that all the Q4 results would be disappointing this time.

Proposed action for tomorrow's trade	None
Today's action	Sell Bharat Forge at 279
Famex (according to previous trading day)	11147
Previous month close	12557
Movement from previous month close	88.77
Target for this month	13310
News for today : 1 :	For the first time, Federal Reserve Chairman Ben Bernanke acknowledged the U.S. could reel into recession from the powerful punches of housing, credit and financial crises. Yet, he was coy about the Fed's next move.
News for today : 2 :	We missed the selling of Bharat Forge by Rs. 1 /-. Will try to sell it once again today at the same price.
Stock Barometer	3 - Volatile
Strategy for today :	Sell weak stock on high
Quote for the day :	Foul cankering rust the hidden treasure frets, But gold that's put to use more gold begets. ~William Shakespeare, Venus and Adonis, 1593

would a rocket be launched ?

Proposed action for tomorrow's trade	None
Today's action	Sell Bharat Forge at 279
Famex (according to previous trading day)	11253
Previous month close	12557
Movement from previous month close	89.61
Target for this month	13310
News for today : 1 :	Wall Street began the second quarter with a big rally Tuesday as investors rushed back into stocks, optimistic that the worst of the credit crisis has passed and that the economy is faring better than expected.
News for today : 2 :	What happened to the capital goods stocks, especially BHEL yesterday (fell by 8%)? It has pulled down our Famex by almost 4%. Can anyone tell why BHEL fell so badly?
Stock Barometer	1 - Good
Strategy for today :	Sell weak stock on high
Quote for the day :	The key to making money in stocks is not to get scared out of them. ~Peter Lynch

the dawn of a new fiscal

Issuance of monthly Bonus

In order to boost the activity of visiting the blog regularly we have come up with a new Bonus system. Wherein a person who has provided a profit making tip for that month would receive a Bonus.

The tips from each one of us would be collected from comments on the Blog. So please ensure to leave your names after typing the comments.

Bonus amount would be 20% of the final profit we made out of that tip. This would be payed from the un invested amount - that is the idea, have to work out on the fine details though.

That is if Kishore give a tip of buying BHEL at 1800 on 1st of April and the stock reaches 2100 by 30th of April, the profit is close to Rs. 300 /-; of which Rs. 60 /- would be given to Kishore as Bonus (approx).

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We shall keep the target for Apr 08 unchanged and continue the Famex movement tracker as it is.

Proposed action for tomorrow's trade	Sell Bharat Forge at Market
Today's action	None
Famex (according to previous trading day)	11688
Previous month close	12557
Movement from previous month close	93.08
Target for this month	13310
News for today : 1 :	Wall Street managed a moderate gain in the final session of a dismal first quarter Monday, but stock prices and the major indexes still ended the first three months of 2008 with massive losses, the casualties of the still continuing credit crisis.
News for today : 2 :	Dipan Mehta, Member, BSE and NSE, said the manner in which we cracked today is quite disappointing, and depressing. “What is more distressing is the fact that we slide much more than our peer group and far higher than most global markets. The impact cost is increasing whenever you are selling and stock are falling on low volumes. All that is impacting out market at this point of time. That is the reason why we are seeing such a huge decline on relatively low volumes.”
Stock Barometer	3 - volatile
Strategy for today :	Sell weak stock on high
Quote for the day :	Only buy something that you'd be perfectly happy to hold if the market shut down for ten years. ~Warren Buffett

last trading session of "2007 - 2008"

Proposed action for tomorrow's trade	Sell Bharat Forge at Market
Today's action	None
Famex (according to previous trading day)	11989
Previous month close	12557
Movement from previous month close	95.48
Target for this month	13310
News for today : 1 :	NEW YORK (AP) -- Stocks may already be pricing in a recession, but they haven't priced in a very deep one. If this week's data on the job market and manufacturing are worse than Wall Street is anticipating, investors should not be surprised to see another tumble.
News for today : 2 :	If you thought last week was bad this week is a nightmare. Inflation has come in at 6.68%. That is significantly higher than the Reserve Bank of India’s comfort ceiling of 5% and much above the consensus estimate of 5.96%. Reacting to the high numbers, Finance Minister P Chidambaram said, "the Government is determined to take fiscal, monetary and supply measures to contain inflation and if that means we have to live with slightly lower growth, so be it.
Stock Barometer	3 - volatile
Strategy for today :	Sell weak stock on high
Quote for the day :	I hate weekends because there is no stock market. ~Rene Rivkin