>08TH MAY Trading day

Over night DOWJONES dump was big but Asia did not react much to it the gap down lows were maintained but as I have said many times before too gap up and gap down days are usually lackluster without much trading opportunities though jobbing can be done like I did in few scripts BOMBAY DYEING and RELCAP:)

There was no clear trend today each substantial rise was followed by big sell offs.Surprisingly many unknown mid caps were blasting today Nothing much to write today it was a dull day.

Today trying to analyze ABG SHIP which is consolidating for some time after the spike up.Chart attached

>Substantial Acquisition of Shares and Takeovers dated 07th may

>Trading day 7th may

Yesterdays Bombay dyeing spiked today morning went all the way to touch an high of 1014 before falling back that was a good BTST or may be an early intra day trade.

As nifty topped out most of the stocks started to fall but this cairn India didn't fall some one big had acquired huge quantity of cairn some time back I even mentioned about it in my messages well if you want to check the quantity click here Would try to analyze cairn India today.

Yesterdays pick RENUKA SUGAR spurted today handsomely.Today was a good day for day trade provided you are with trend it was kind of W formation on nifty so it was good for jobbing nifty came very close to 5100 but bounced back smartly from there.In the afternoon volatility suddenly increased when there was a news about GOVT ASKING STEEL Co's TO REDUCE PRICES BY 4000 PER TONNE . Tisco in a matter of minutes was beaten down 2% after trading much of the day in positive territory which shows that a news and make or break things quite fast.

Substantial Acquisition of Shares and Takeovers dated 06th may