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Can anybody tell me about tommorrow market or there is any news

NIFTY GOOD TO BUY ABV  3000  TGT 3016/31/45/69                  BELOW 2999 GOOD TO SELL  TGT 2985/71/55/40

Technical Analyst, Ashwani Gujral: Market will have a positive opening today. Supports are at 2820-2870 and resistance is at 3040-3100.

Mid cap stock may see some action. PSU bank stocks and select mid cap IT stocks may rally. Traders should go long on dips

Karvy Stock Broking has upgraded its rating on Jubilant Organosys from outperformer to buy with a target price of Rs 220 in its December 31, 2008 research report. “We maintain our positive outlook on the company from long term perspective considering CRAMS (Contract Research and Manufacturing services) industry dynamics and company’s unique business model. We maintain our net revenues estimates at Rs 37.34 billion in FY09 and Rs 48.73 billion in FY10E and EBITDA margin estimates at 18.7% in FY09 and 18.9% in FY10E. On account of repayment of FCCBs, we have assumed existing equity of Rs 147.5 million outstanding shares for FY10 and hence earnings estimates are increasing by 13% to Rs 32.66. We have factored higher interest expense for FY10 on back of 42% premium payment on FCCB pending issue and increase in average debtor and inventory days due to tighter liquidity position prevailing in the market. We upgrade our price target by 10% to Rs 220 based on PE of 6.73x on FY10E basis. We upgrade the rating from “Outperformer” to “BUY” on account of earnings upgrade and steep fall in stock price by 34% since our last update,” says Karvy’s research report.

According to Mansukh Securities and Finance’s report, on the downside nifty has support near 2880/2800.

Mansukh Securities and Finance’s report:

Portfolio Manager, PN Vijay is of the view that one can hold Satyam Computer Services.

US markets rallied as investors shrugged off a drop in consumer confidence and cheered the government’s efforts to keep General Motors out of bankruptcy by shoring up its finance arm.

Sell HDIL (BSE code : 532873) tomorrow (31.12.2008) at 134.50 and buy at 121.90

Regards

Satyam_bse

Source – IndianMoneyPlus.Com

US markets have ended higher after the news came out that FED is buying out mortgage backed securities.

Europe ended a higher note.

Indian markets will have a gap up opening.

Market will be very volatile below 3000 nifty. As per my view if nifty is not sustaining above 3000 then, you can see another flat day or profit booking day. So before taking any new positions in any side buy or sell, keep in mind this. And most imp. thing in the closing time if u see nifty below 2840 (at least 10 pt down means 2830 or less) then forget all tips and btst and exit from your all buying positions. Otherwise you will trapped. Also watch Reliance is good above 1264 level. so keep eye on this stock also. yesterday FII and DII is buyer in the market, any time 2nd stimulus package will declare by govt., any time fuel price cut declaration by govt. so keep watching for this news also.

MARKETCALLS – Intrday Stock Tips

Buy ACC above 483 SL 477 Target 494-505
Buy L&T above 778 SL 765 Target 791-809
Buy SAIL above 80 SL 75 Target 82-86-90 (HIGH RISK CALL)
Buy INFOSYS above 1129 SL 1110 Target 1144
Sell TATACOMM below 493 SL 505 Target 486-478

NIFTY FUTURE