Market on 14th May'07

Bank to enter private equity, venture capital. The State Bank of India (SBI), India’s biggest lender, plans to raise Rs 15,000 crore within the current financial year to bolster capital and meet the growing credit demand. : Courtesy Business Standard

State Bank of India (SBI) has informed BSE that the meeting of the Central Board of the Bank held on May 12, 2007, inter alia, has declared a dividend of Rs 14 per share for the year ended March 31, 2007. : Courtesy Bombay Stock Exchange.

Strategy on SBI : Take position on SBI as long as it trades above 1150 with stop loss 1108 and profit target (1) 1250 and target (2) 1300. Further position may be added if it continues to trade above 1200 more than two days.

Strategy on SAIL : If metal sector shows strength then swing tarde on SBI if it stays above 135 with profit target 144 and stop loss 132. Position may be increased on closing basis if trade crosses 144.4.

Market for next week

US Market is creating new high almost every day. Metal, Bank, IT sectors are in positive mood. Though traders are confused or cautous rather to take fresh position fearing May Crash sooner than later, market is slated for touching previous high. However, morning session on Monday will be interesting to watch and Global Cues, mainly Asian Market would have bearing on the early direction of our market.

So, friends, make your own study this weekend and take bold step to extract gain from the market next week.

Traders cum Investors are requested to participate and make comments to help me in enriching this blog.

Bank Sector

Variuos scripts of Bank Sector have been appriciated of late. Are they worthwhile now to get into portfolio anew. Come on... investor or trader and give your views.

Today's Market

Today's market surrenderred almost all of its gain due to possible announcement on REPO rate by RBI. Now, considering hefty gain in other market specifically in United States, it will be interesting to see erratic behaviour of our maekt. Ensuing expiry of current month may contribute extreme volatility of Indian Share Market. Behaviour of Metal, Auto and Bank Sector should be keenly observed. I have holdings in SBI, HINDALCO and JSTAINLESS.

Interested persons are requested to offer their view and their strategy on the above subjects.

On Line Trading

Popularity of ON LINE TRADING is gathering momentum. While it's an innovative way to make money, many retailers are lossing their wealth in a hurry. So, it's paramount now to make a worthwhile community inviting all retail investors cum traders to come together and share their mutual views and understandings on Indian Share market particularly. It has now become need of the hour to take every steps methodically and strategically.