Pre Market Report: Mar.4.2010

US Jobs data lifts Wall Street, Asian MarketsPrint
Dalal Street likely to continue bullish momentum

Better than expected weekly unemployment claims and Libya peace plan report triggered the best day on Wall Street in the last three months on Thursday. Asian markets are trading higher, tracking US markets.
News Bytes
* GVK, JSW unit may submit fresh bids for Hancock's coal assets
* ICICI Bank expects over 20% credit growth in 2011-12
* Sanwaria Agro Oils okays bonus issue
* Marico says production at 2 Egypt units down by 70%
* Lanco gets environmental nod for Maharashtra power project
* Infosys, Tech Mahindra vie for Telstra's back-office business
* To support Aurobindo, once we understand USFDA concerns: Pfizer
* Food inflation at 3-month low on cheaper potatoes, pulses
* ONGC FPO deferred to next fiscal (Apr 5)
Markets - Optimism ruling on the Street
With amicable solution to Libya likely soon, Crude Oil is most likely to recede in the coming days. Bullish momentum is likely to continue going ahead.It is time to buy stocks from a trading perspective. One should be careful as trends are changing rapidly though we do not see any damage to the current uptrend in the short term.
Realty and Infra stocks are inching up slowly but surely. BHEL is one other stock which is ignored by the market and we see more gains in the coming days.

Important Rules For Trading

☆ Always do your analysis before trading ☆ Always have a clear and reasonable idea of your objective ☆ Never trade on emotions or other people's forecasts ☆ Buy at support and sell at resistance ☆ Always trade with "STOP LOSS" ☆ Never hold a losing position over night ☆ Never add to a losing position ☆ Never risk more than 5% of your trading capital on one trade ☆ Take responsibility for your own trades ☆ If you are breaking any rules ***STOP TRADING*** Because you are out of control ☆