News, Views and Stocks

US markets were Flat & Asian Markets are trading up. Levels for Nifty are support at 4280 - 4263 - 4248 & resistance at 4308 - 4322 - 4342. Bias for the day is +ve. Possible target for Nifty being 4325 with support at 4259.

News : FY2007 GDP growth was at 9.4% ahead of the market estimate of 9.0 %. Wockhardt gets US FDA nod to enter the $680 mln Lamisil market. UB holdings picks up 26% stake in Air deccan for Rs. 500 crs. BNP PARIBASpicks up 50% in SREI INFRASTUTURE FINANCE ARM.Inflation is expectation at 5.06% ( mkt estimate )vs estimate of 5.12 %. NDTV has anounced its funding program,they have raised 120mln & which works out to price of NDTV at 493.

Stocks with + ve bias for trading are : Bajaj Auto, Glaxo,TataTea, IDEA

Stocks for Short term Delivery are : KLG Systel(417), Hind Oil exploration(116), Biocon(464), Guj NRE coke(60)

Stocks for Investment are : HDFC Bank, CEAT, Crompton Greaves