Best ever post-poll rally for Dalal Street!

Mumbai: Dalal Street witnessed its best-ever post-election rally in history with the benchmark index jumping over 2,110 points or 17 per cent on the first trading day after the announcement of the Lok Sabha election results. The benchmark index Sensex surged a whopping 2,110.79 points and Nifty advanced 651 points immediately after trading resumed following its suspension for two hours, leading to a halt in buying and selling for the day on the country's two premier bourses. The general elections gave a decisive mandate to the Congress-led United Progressive Alliance, fuelling hopes of a stable government and that reforms may take place with ease. Marketmen said the surge in the stock markets was expected as the new government would come to power without the support of the Left Parties, easing the process of reforms. In the general elections in May 2004, the market did not expect the defeat of the BJP-led National Democratic Alliance and the Congress-led coalition had to take the support of the Left parties to form the government. The election results were announced during the trading hours on May 13 and the Sensex had ended up 0.8 per cent after highly volatile trade, but lost 6.1 per cent the next day. In the following trading session on May 17, the index plunged as much as 11.1 per cent, its biggest drop in 12 years, on fears of a Left-backed government.

Sensex hits 14k mark, trade halted for day

Mumbai: The BSE benchmark Sensex extended gains to 17.24 per cent on Monday, halting trade for the rest of the day after the surge triggered the final circuit breaker for the market. The 30-share BSE index rose 2,099.21 points to 14,272.63 points when trading resumed following a two-hour initial halt, after the ruling Congress-led alliance swept national elections and boosted investor confidence. The 50-share NSE index rose 17.3 per cent to 4,308.05 points.

Buy Educomp on intraday dips as markets are likley to see some bounce from support levels of 3520-3530.If we break 3500 on downside: Short sell: DLF

11-05-09 Buy Orchid Chemicals above 110, target: 116. Stoploss: 107,If markets show weakness later during the day, short sell: Reliance communications

07-05-09 Buy Core Projects at 105.90, target: 111. Stoploss: 103,Buy Zuari Industries at 200, target: 210. Stoploss: 197.

06-05-09 Buy Reliance Power at 135.50, target: 140. Stoploss: 133,Buy Bharat Electronics above 1000, target: 1030. Stoploss: 990.

05-05-09 Buy Larsen & Tubro above 960, target: 980. Stoploss: 952,Buy Lanco Infratech above 250, target: 260. Stoploss: 247

04-05-09 Buy HDFC bank above 1145, target: 1175. Stoploss: 1132.If markets show weakness, short sell: Aban offshore.