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