==>> Fertilisers stocks day out on back of new govt plan

On thursday the Govt approved the plan to help fertilisers plants to switch to natural gas from fuel oil and naptha as feedstock, the companies to be benefited from the move are RCF, FACT Ltd, GNFC, NFL. Under the new policy, fertiliser units would be granted an additional 'special fixed cost' of Rs 3,500 per tonne of urea. The companies will effectively get Rs 750 crore as re-imbursement for conversion, thus getting Rs 3,200 crore back.

Inflation for week-ended January 31 has come in at 4.39% versus 5.07% week-on-week (WoW). Most in the past 1 year.

Inf the start of the Indian markets rallied on the back of the interim budget that is going to be announced on Monday 16th Feb 2009. In the Daily chart there has been short term breakout above the trendline. But the breakout will not be so easy. There will be more resistance then supports. Nifty faced resistance at the above trendline. In the last 3 days Nifty has been trying hard to cross the same.

In the Weeekly chart also the Nifty took the support the 1st trendline and facing resistance at the 2nd trendline. Indian markets fell on the back of the fall in the Asian and the European markets. It has been a regular scenario that, punters gather around one stock or two whos market float are less, they see to that the stock prices sky rocket in a day or so. This is an unusal sight the stock prices soared 100% in day. Today Hexaware soared 100% in a day. Spice Comm climbing around 50%. These two stocks were not new listing... Yesterday we have seen Remi metals soaring 400%, and few days Gujarat Cotex rallied to unbelivable heights in the single day of 6500%. These 2 are were the new listing stocks. Punters trade in the illiquied stocks and see to that the stocks prices soar to unbelivable heights.... What a sight..... Everybody is busy around "SATYAM", but who will look around the rest of the counters, whos prices are manipulated like this... By doing so the promoters become multi billionare in day...... The fastet way to become rich. Crude has fallen to $35 per barrel... Realty sector may attract good money & new norms in the Interim budget.. Look out for the sector for short term buys......