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

the gains continue

Thanks to the good news at the US market, the gains would continue today also. Problem is when do we exit?

Proposed action for tomorrow's trade	None
Today's action	None
Famex (according to previous trading day)	10827
Previous month close	12557
Movement from previous month close	86.23
Target for this month	13310
News for today : 1 :	Wall Street extended its big advance Monday as investors applauded a new agreement that will give Bear Stearns Cos. shareholders five times the payout that was set in a JPMorgan Chase & Co. buyout deal a week ago. Investors were also pleased by a stronger-than-expected housing report, and sent the Dow Jones industrial average up nearly 190 points.
News for today : 2 :	Sudarshan Sukhani of Technical Trends said the markets appear to be stabilizing in the short-term. At this point, the rewards appear to be more on the long side and more buying on the short side. But all it needs is just one bad day in international markets to cancel this scenario, so that caveat remains.
Stock Barometer	2 - Good
Strategy for today : 3 :	Watch
Quote for the day :	When buying shares, ask yourself, would you buy the whole company? ~Rene Rivkin

a new week

Proposed action for tomorrow's trade	None
Today's action	None
Famex	10799
Previous month close	12557
Movement from previous month close	86.00
Target for this month	13310
News for today : 1 :	For months, Americans have been subjected to a sort of economic water torture -- a maddening drip of bad news about jobs, gas prices, sagging home values, creeping inflation, the slouching dollar and a stock market in bumpy descent. Americans are nervously wondering about retirement savings, interest rates, jobs that had seemed safe. They are surveying the economic landscape and asking: Just how bad is it? They are peering over the edge and asking: How far down? And the scariest part of all? No one can say for sure.
News for today : 2 :	Devina Mehra of First Global said investors need to be remain cautious. "Locally, the scenario is not looking very good. A substantial earnings slowdown is already seen in Q3. I see significant moderation in growth going forward. The growth trajectory has moved up but is not near 9%."
Stock Barometer	2 - Good
Strategy for today : 3 :	Watch
Quote for the day :	A steady job and a mutual fund is still the best defense against social security. ~Author Unknown

rise of the phoenix

It is highly appropriate to give this title for this week's wind up of trading. It would be highly challenging for us to double this year. Next week we might see our Famex crossing 90%. We should observe and sell of few shares and buy them again when they fall.

markets should rocket up today

Proposed action for tomorrow's trade	Nil
Today's action	Nil
Famex	10684
Previous month close	12557
Movement from previous month close	85.09
Target for this month	13310
News for today : 1 :	The Federal Reserve slashed a key interest rate by three-quarters of a point Tuesday, capping its most aggressive two months of action in a quarter-century in a battle to halt a spreading credit crisis. Wall Street loved it, bursting to its biggest gain in five years.
News for today : 2 :	SV Prasad of Schroders, thinks that Indian markets are near their bottom from a valuation perspective, he told CNBC-TV18. He said domestic liquidity needs to be strengthened. He is wary about financials and is watching the global impact on domestic finance. One should look at picking stocks gradually and selectively, he advises
Stock Barometer	1 - very good
Strategy for today : 3 :	Watch
Quote for the day :	A dollar picked up in the road is more satisfaction to us than the 99 which we had to work for, and the money won at Faro or in the stock market snuggles into our hearts in the same way. ~Mark Twain

a mixed day

Proposed action for tomorrow's trade	Nil
Today's action	Nil
Famex	10566
Previous month close	12557
Movement from previous month close	84.14
Target for this month	13310
News for today : 1 :	NEW YORK (AP) -- Wall Street ended a temperamental session widely mixed Monday after investors grappled with JPMorgan Chase & Co.'s government-backed buyout of the stricken investment bank Bear Stearns Cos.
News for today : 2 :	Nilesh Shah of Envision Capital said the markets have fallen significantly from their peaks. "It is difficult to call a bottom for the markets. Individual stocks have fallen 30-60% from their peaks." Shah expects largecaps to correct 5-10% and individual stocks by 10-20%.
Stock Barometer	3 - volatile market
Strategy for today : 3 :	Watch
Quote for the day :	The safe way to double your money is to fold it over once and put it in your pocket. ~Frank Hubbard

a volatile day

Proposed action for tomorrow's trade	Nil
Today's action	Nil
Famex	11096
Previous month close	12557
Movement from previous month close	88.36
Target for this month	13310
News for today : 1 :	The Federal Reserve announced a series of new steps Sunday to help provide relief to a spreading credit crisis that threatens to plunge the economy into recession. The central bank approved a cut to its lending rate to financial institutions to 3.25 percent from 3.50 percent, effective immediately, and created another lending facility for big investment banks to secure short-term loans.
News for today : 2 :	Jyotivardhan Jaipuria, Head-Research, DSP ML, thinks markets are headed lower, but will probably move a bit higher before moving to new lows. He also believes commodity prices, food inflation and high money supply are the next problems on the list to be addressed.
Stock Barometer	3 volatile session
Strategy for today : 3 :	Watch
Quote for the day :	An investor without investment objectives is like a traveler without a destination. ~Ralph Seger