Intraday 21-12-2006.

The markets were very volatile today and cracked in the last one hour before close.Today’s volatile session indicates that the market is still trying to find a direction. One should not go long/short heavily at these levels. Market can see more volatility as seen in last few days for next few sessions atleast. You should try to concentrate on your own portfolio rather then going to venture out in new unknown stocks in unknown terretory. We remain negative to neutral on SENSEX for the day.

The Economic Times

SEZs may take a Left turn, land in fresh restrictions

Cap on multi-product zones, freeze on new IT Sezs in Tier-1 cities likely

Exports set to cross target

Surge 57% to $9.7 bn in Nov

Planning to invest overseas? RBI makes it easier for you

$ Deals: Remittance scheme eased

The Hindu Business Line

‘Marketing exclusivity’ likely for city gas supplier

Period to be limited

Infrastructure: Panel to look into long-term funding

Viability gap-funding for 17 project proposals cleared.

HCL bags $200 mn, five-year contract from Skandia

HCL will hire 250 Skandia workers

The Financial Express

Forex kitty can plug infra gap: FM

Reserves likely to be routed through a SPV

Dish TV poised to spark price war by halving DTH rates

Likely to slash prices by 49%.

Mumbai airport may shut PSU oil taps

PSUs may renegotiate in 60 days

Daily News & Analysis – Money

ONGC strikes gas in Mahanadi

KG basin find may be 22 trilling cubic feet, Mahanadi 4 tcf

It’s global play for Hutch now

Besides Vodafone and Maxis, S Africa’s MTN and Qatar’s Qtel may be in the race.

Recast of petroleum duty mooted

To cushion the impact of future oil spikes.

For intraday short:
BPL with S.L. 89/=.

Polaris with S.L. 163/=,

SAIL with S.L. 84.25/=,

Other looking weak are: Sobha Dev, Zee, Tulip, SBI, Sterling Bio, Parsvnath.