upper resistance already ?

Proposed action for tomorrow's trade	None
Today's action	None
Famex	10638
News for today : 1 :	Wall Street finished an erratic session mixed Thursday after an uneven batch of earnings reports made investors cautious about buying stocks. Disappointing economic readings added to the market's uneasiness a day after a big rally.
News for today : 2 :	Vibhav Kapoor, IL&FS has a view that the markets are oversold and lot of stocks had fallen to levels where they had gone down 40-50% from their tops particularly the midcaps. He adds the Sensex target is around 17,000. "I think the rally should end because we don’t think the fundamentals justify anything higher than 17,000 or 17,500. There are a lot of headwinds facing the economy as well as various sectors,” he adds
Stock Barometer	3 - volatile
Strategy for today :	Scout for good shares
Quote for the day :	Goodness is the only investment that never fails. ~Henry David Thoreau

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

while the good news hits the market

Proposed action for tomorrow's trade	Buy CHENPETRO and TNPL
Today's action	Search for Valuable Shares
Famex	10848
News for today : 1 :	Wall Street closed an erratic session moderately higher Tuesday after investors sorted through a mixed batch of data that included a rebound in New York manufacturing, signs of rising inflation and uneven first-quarter earnings. The market also had its eye on the rising price of crude oil.
News for today : 2 :	Abhijit Chakraborthy, Institutional Equity � Sales at Edelweiss has a view that Infosys� numbers have been mostly inline and guidance is also broadly what the market was estimating. Having said that, in the immediate quarter and next quarter, there is not going to be much growth in terms of revenue and bottomline, he says.
Stock Barometer	2 - Up
Strategy for today :	Accumulate good shares
Quote for the day :	You can never predict when that unknown torpedo will come out of the dark and smash the price of a stock. ~Ralph Seger

searching for correct valuations

Proposed action for tomorrow's trade	Search for Valuable Shares
Today's action	Search for Valuable Shares
Famex	10848
News for today : 1 :	NEW YORK (AP) -- Stocks finished a quiet session moderately lower Monday as investors grappled with concerns about the health of corporate profits.
News for today : 2 :	R Sukumar of Franklin Templeton said the markets will see more declines than advances. "Another 10% downside cannot be ruled out from current levels. News flows will remain negative from a fundamental perspective."
Stock Barometer	3 - volatile
Strategy for today :	Watch the Macro movement of the market.
Quote for the day :	If all the economists were laid end to end, they'd never reach a conclusion. ~George Bernard Shaw