VJonDalalStreet.com MF, IPO & Shares info - Volume 44/2007

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Readers

Hi,

So

what happened last week?

It

was a blood bath on the streets with global markets collapsing as the problems

from the US Subprime loans accelerated and there was bad news almost everyday.

Despite the ECB, Federal Reserve and Bank of Japan continuing their

liquidity-boosting moves by infusing cash into the banking system, the world

equity markets were thrashed by

a fresh wave of selloff. This was accompanied by a strong Yen

which led to the carry trade unwinding. It was massacre in Asia as all these

worries got priced in. Thanks to the Fed for giving the respite in form of rate

cut.

Is

our Government in trouble?

The

ties between the Left parties and the Congress took an ugly turn with both

sides refusing to budge from their stated positions on the just concluded

nuclear pact with the US. But, CPI-M patriarch, Jyoti Basu, ruled out

withdrawal of Left support from the UPA government on the Indo-US nuclear deal.

Last week, the UPA Government's communist allies had rejected the 123

agreement, which set in motion the landmark civilian nuclear agreement between

the two nations.

Well

as they say, Honeymoon is over and Divorce could be on the plate. But for now,

Congress has promised to resolve the misunderstandings and hence they might

sail. Well if the govt falls, we might loose another 500 points on the index

and if they survive, O – we would jump a 1000 points. I am going LONG.

Is

it the time to disco?

If

global cues are anything to go by (they are everything to go by these days) the

start of the week promises to be positive. Stay alert and avoid falling into

bear traps. Keep some amount of cash and invest with a long term view. It would

be wise to use this as an opportunity. Performance will become tougher where

stock specific selection would matter. Probably the worst is over for the near

term. With weaker lower currency against the dollar, expect the IT stocks too

rise.For day traders, God help you.

1)

Share Targets Achieved

Did

you check that even though the market was heading down entire last week, Alfa

Transformers jumped more than 21% last week.

http://www.vjondalalstreet.com/shares_tgt.html

2)

Share Recommendations Added

 

Punj Lloyd

Andhra Bank

Tata Tea

VSNL

AIA Engineering

Monnet Ispat Ltd

HCL Technologies

Indian Overseas Bank

ABB

 

We would like to reiterate ITC, ICICI Bank & Mahindra Gesco

http://www.vjondalalstreet.com/shares.html

3)

Coverage initiated on new Initial Public Offering (IPO)

 

Motilal Oswal Financial Services Ltd

Indowind Energy Ltd

 

http://www.vjondalalstreet.com/ipo.html

4)

IPO Allotment Status

 

Asian Granito India Ltd

SEL Manufacturing Company Ltd

 

http://www.vjondalalstreet.com/ipo_allot.html

5)

Coverage initiated on new Mutual Fund (NFO)

 

DBS

Chola Infrastructure fund

HSBC

Dynamic Fund

DWS

Global Thematic Offshore Fund

Escorts

Infrastructure Fund

Kotak

Global Emerging Market Fund

DSP

Merrill Lynch World Gold Fund

 

http://www.vjondalalstreet.com/mf.html

Happy

Trading!

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Today’s

Tip:

Learn from your losses

- take advantage of each loss to improve your knowledge of the market.

 

 

Term

of the Day:

Choppy

Market

A

stock market condition whereby prices swing up and down considerably but with

no resulting overall price movement in either direction.

Crash

A

major decline in a financial market.

 

For

more terms, visit http://www.vjondalalstreet.com/faq_glossary.html

 

Disclaimer

All information

provided is for informational purposes only, not intended for trading purposes

or advice. Prior to execution of any trade, you are advised to consult your

financial advisor to verify the accuracy of all information. We are not liable

for any informational errors, incompleteness, delays, or for any actions based

on information contained herein.

 

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