Emar : Reason For Last Minute Emar IPO Withdrawl

1. Market has been adversely affected due to last minute withdrawal of the Emaar MGF IPO has added to the woes of the stock market.

2. The reason being sited for withdrawl by Shravan Gupta, vice chairman of Emaar MGF in Delhi was that appreciation post listing was a challenge for the company and the decision was to benefit shareholders.

3. Emaar IPO may be listed after 3-6 months once the market gets some sort of stability.

Daily Market Outlook : 11th February, 2008 (Monday)

MARKETS LIKELY TO BE CHOPPY ON THE LISTING OF REL POWER. THERE IS GOING TO BE A TUG OF WAR, ONE GROUP WILL TRY AND FORCE THE MARKET UP AND THE OTHER GROUP(S) WILL TRY TO PUSH THE MARKET DOWN. THE LOSERS WILL BE THE INVESTOR AND RETAIL TRADERS. STAY AWAY.



MARKETS WILL BE VOLATILE AND TRADE WITH A NEGATIVE BIAS. IN CASE OF A FREE FALL 4965 AND 4867 WILL BE CRITICAL SUPPORT. IT IS ADVISABLE TO STAY AWAY AND NOT TRADE. SOMETIMES NOT TO TRADE IS ALSO A GOOD TRADE.



SENSEX RESISTANCE AT 17534-17692-17812. SUPPORT AT 17203-17113-16835-16693.



NIFTY RESISTANCE AT 5152-5177-5220-5344. SUPPORT AT 5034-4996-4965-4867.

Premium Market

Today Listing

Reliance Power (BSE Code: 532939) (A Group)

New Public Issue(IPO)

Funda-Picks

Speculative Scrips

Technical Share

Indian Share Tips:11 Feb

1. Recap:Ispat Industries and NTPC did not reach the recommended entry price. It means more pain may be offing in Indian stock market.

2. BSE & NSE - Stock Market Direction: Reliance Power listing will give course to the market as Reliance Power is listing on 11 Feb. Reliance power likely to list with premium but during the course of day to selling pressure will come down below listing price. Nifty 5000 level is a crucial support.

3. Strong Future Stocks

Karnataka Bank
Hero Honda
Indian Bank
S Kumars
Bharat Petro
Orient Bank
Sun Pharma
Satyam
Ranbaxy
Infosys

4. Weak Future Stocks

Ansal Prop
Kotak Bank
TVS
Strides Arco
Maha Seamless
India Info
JPAsso
Moser Baer
Adlabs Film
VSNL

5. Free Day Trading Tips:

Buy ONGC>1001.1,1015,01034 sl 994
Buy ICICI Bank>1076.1,1094, 1100,1123,1176 sl 1068
Buy Ispat Industries>45.3,47,49 sl 42.9