HAPPY THURSDAY - 17.06.2010

 TODAY INTRADAY TIPS
M&M BUY AT 630 TARGET 640
L&T BUY AT 1722 TARGET 1742
ICICI BANK BUY AT 877 TARGET 884

9.06 AM : NIFTY OPEN WITH FLAT

TODAY NIFTY LEVEL 5230 - 5255

SUPPORT 5202 - 5180 - 5150 - 5130

9.12 AM : NIFTY UP TO AFTERNOON FLAT TRADING

9.13 AM : M&M TARGET ACHIEVED

ICICI AND L&T DONT BUY

MARKET WEAK

11.30 am : RELIANCE ONLY HOLD THE MARKET

11.33 AM : SBIN SUPPORT 2330 - 2314 - 2309

SESAGOA 348 - 345 - 338

11.49 am : I WAS GAVE ICICI MY TARGET  884 NOW ICICI 887

BOOK PROFIT

L&T ALSO ROCKING AND NEAR THE TARGET 1742

11.55 AM : L&T TARGET 1742 ACHIEVED

BOOK PROFIT

12.01 PM: MARKET TRY TO MOVE UP,BUT FINAL RESISTANCE NIFTY 5255

12.02 PM : L&T ROCKING 1748

12.14 PM:Troubled banking system, Spain loom over EU summit

Looming bank losses and Spain's troubled government finances are what European Union leaders don't formally plan to talk about when they sit down for talks on Thursday about how to fix their battered economies and set tighter budget rules.The potential for banks' losses on European loans -- particularly from Spain's collapsed housing boom -- have spooked financial markets this week, sending the Spanish government's borrowing costs to a record-high amid rumors that it might have to ask for outside financial help.

12.17 PM:Toyota is latest car maker hit by strike in China

 

12.20 PM:Asian stocks mixed after flat Wall Street finish

Asian stocks were mixed Thursday amid mild profit-taking in Tokyo and a muted finish on Wall Street as investors absorbed bad news about Europe's debt problems and the U.S. economy.

Stock markets across the region hovered in a narrow range as investors found little reason to drive the market in a definitive direction. Worries about Spain's debt problems and weaker-than-expected U.S. housing data weighed on sentiment, while Chinese shares advanced after a three-day holiday.
Oil prices, meanwhile, fell below $77 a barrel as investor confidence wanes that a three-week rally will continue amid signs of weak U.S. crude demand. The dollar fell against the yen and gained versus the euro.
Japan's Nikkei 225 stock average slipped 64.75 points, or 0.6 percent, to 10,003.35 as investors moved to lock in gains from Wednesday's 1.8 percent jump, when the index finished above the key 10,000 level for the first time in almost a month.

12.25 PM : MARKET WAIT FOR EUROPE FALL 

12.44 pm : EUROPE OPEN WITH RED 

12.45 PM: TRADERS ALERT EXIT FROM ALL LONG 

12.47 PM : NIFTY HURDLE 5202 - 5180 - 5150 - 5130 

12.49 PM : TRADERS LOOK ICICI BANK AND SBIN DOWN 

12.52 PM : TRADERS ALERT ALERT 

12.57PM : TRADERS TRADE CAREFULLY,MAINTAIN STOPLOSS
ANY BAD NEWS,OUR MARKET ALSO DOWN

1.02 PM:Lending by small banks is focus of bill in House

House Democrats are looking to increase lending by small banks as a way to resuscitate their election-year jobs agenda.A bill creating a $30 billion fund for community banks to increase lending to small businesses is up for a possible vote in the House on Thursday.
Congressional Democrats started the year with an aggressive agenda of passing a series of bills designed to create jobs. Many of the proposals stalled as lawmakers, after hearing from angry voters, became wary of adding to the national debt.
On Wednesday, the Senate rejected a $140 billion bill that would renew pieces of last year's economic stimulus bill.
Governors complain that without additional aid, hundreds of thousands of public employees will be laid off.

1.06 PM: L&T ROCKING

2.22 PM: NIFTY 5270 RESISTANCE

2.48 PM : LAST WEEK I GAVE DELIVERY CALL TATA MOTORS 800+

TARGET ACHIEVED, BOOK PROFIT

2.53 PM : NIFTY NEAR THE 5290 HIGH

EUROPE WILL BOOT OUR MARKET THIS LEVEL

3.03 PM : NIFTY IN HIGHER LEVEL

BUT SBIN AND SESAGOA BOTH ARE IN DOWN TREND