gaining ground - but for how long ?

Proposed action for tomorrow's trade	None
Today's action	None
Famex	9323
News for today : 1 :	Wall Street fluctuated Monday as investors worried about earnings at drug makers Merck & Co. and Schering-Plough Corp., and oil prices moved higher. Both pharmaceutical companies fell sharply after they took the unusual step of delaying their second-quarter results until after the closing bell. The last-minute switch will allow European researchers to present data from a study of the companies' cholesterol drug Vytorin, and some analysts predict the results might be bad news.
News for today : 2 :	Technical Analyst Ashwani Gujral said beyond a knee-jerk reaction the market will not look at politics very seriously. He feels investors should book profits, if there is a gap-up on Wednesday.
Stock Barometer	3 volatile
Strategy for today :	Hold to stocks. And invest in good stocks.
Quote for the day :	"Diversification is a protection against ignorance. It makes little sense for those who know what they're doing." - Warren Buffet

taking a direction

Proposed action for tomorrow's trade	None
Today's action	None
Famex	8874
News for today : 1 :	Stocks surged Wednesday as another drop in oil prices helped offset concerns about a jump in inflation last month. Also, Wells Fargo's second quarter results beat Wall Street expectations, and investors appeared pleased by Wells Fargo's decision to raise its quarterly dividend.
News for today : 2 :	Daryl Guppy, Founder and Director of guppytraders.com sees immediate support for Nifty at 3600; below that it will be at 2900. According to him, we will witness a strong bear market if Nifty fails to hold above 3600.
Stock Barometer	2 Good
Strategy for today :	Hold to stocks. And invest in good stocks.
Quote for the day :	"Buy land. They ain't making any more of the stuff." - Will Rogers 1879-1935

would it recover faster

Proposed action for tomorrow's trade None
Today's action None

Famex 9469

News for today : 1 : Wall Street: Stocks are closing an abbreviated session mixed after some uneven economic data: news of a contraction in the nation's services sector and a tame reading on employment.

News for today : 2 : Portfolio Manager PN Vijay said that India has managed domestic inflation and the interest rate scenario fairly well. He believes that markets may bleed for some more time due to high inflation but should be out of the woods a lot faster.

Stock Barometer 3 volatile

Strategy for today : Hold to stocks

Quote for the day : """Behind every great fortune there is a crime.""
- Honore de Balzac"

a decent jump

Proposed action for tomorrow's trade	None
Today's action	None
Famex	9469
News for today : 1 :	Stocks gave up a brief rally Wednesday and resumed their sell-off after oil hit a new record and factory orders showed the weakest performance in three months in May.
News for today : 2 :	Prabhat Awasthi, Head-Equity Research India, Lehman Brothers, said today's rally was partly led by short covering and some buying from foreign institutional investors. There is no positive news on the macro-economic front, he said. "A number of headwinds still remain. There may not see a substantial rally unless crude and inflation cool off."
Stock Barometer	3 volatile
Strategy for today :	Hold to stocks
Quote for the day :	"A rich man is one with knowledge, happiness and his health." - Lonnie "Common" Lynn

can it go further down ?

Proposed action for tomorrow's trade	None
Today's action	None
Famex	9245
News for today : 1 :	Wall Street began the third quarter with an erratic session Tuesday as a mix of news made it clear the country is still deep in economic problems but may have some positive trends. Prices rose early in the session, fell sharply for much of the day and then recovered in late afternoon.
News for today : 2 :	According to Kapoor, chances of a complete reversal or sharp bounceback of 3,000-4,000 points looks difficult because the fundamental situation -- boiling oil, high inflation, rising current account and budgetary deficit -- are not all that great.
Stock Barometer	3 volatile
Strategy for today :	Hold to stocks
Quote for the day :	"A fool and his money are soon parted."

when EC rose as a phoenix

Proposed action for tomorrow's trade	None
Today's action	None
Famex	10535
News for today : 1 :	NEW YORK (AP) -- Stocks stalled Monday, ending mostly lower after rising oil prices and ongoing worries about the financial sector gave investors little reason to buy a day ahead of a Federal Reserve meeting.
News for today : 2 :	Sangeeta Purushottam, Head-Institutional Business, Religare Securities, said the markets are heading toward some level of capitulation on negative news flows.
Stock Barometer	3 volatile
Strategy for today :	Hold to stocks
Quote for the day :	I come back to the same thing: We've got the greatest pipeline in the company's history in the next 12 months, and we've had the most amazing financial results possible over the last five years, and we're predicting being back at double-digit revenue growth in fiscal year '06. Steve Ballmer

Proposed action for tomorrow's trade	None
Today's action	None
Famex	11289
News for today : 1 :	Stocks ended a back-and-forth session with modest advances Thursday as a sharp drop in oil prices helped counter renewed concerns about the strength of the economy. Oil fell nearly $5 per barrel after China announced plans to raise caps on gasoline and diesel fuel prices, a move that could ease global demand.
News for today : 2 :	Nitin Raheja, CIO, Rada Advisors, said the markets are likely to remain ranged, with a lower bias towards the lower end. "When Q2 numbers are announced, one will start seeing that impact happening. That is when all bad news would have gone through. By then, the markets would have probably bottomed out."
Stock Barometer	3 volatile
Strategy for today :	Hold to stocks
Quote for the day :	Look at the product pipeline, look at the fantastic financial results we've had for the last five years. You only get that kind of performance on the innovation side, on the financial side, if you're really listening and reacting to the best ideas of the people we have. Steve Ballmer