Winning Strokes:

Jhunjhunwala Vanaspati Ltd rose more than 5% after a buy call was initiated in the morning. The following message was sent to the Paid Groups in the Morning Mail: "About 590 oil mills in Gujarat will go on indefinite strike from Thursday. Hence we could see the buoyancy in the prices of the scrips of Jhunjhunwala Vanaspati and KS Oils Ltd in the coming few days."

The following message is sent to the Paid Groups in the morning mail: INFRA: Reliance Industries, Essar Group, ABG Shipyard, Lanco Infratech, and Larsen & Toubro are among 16 companies interested in developing a jetty and other facilities at Tuna Port--a satellite port of Kandla Port Trust. Govt shortlists five foreign firms including Siemens and Alstom for Indian Railways orders worth $8 bln. WHO WILL BE BETTER BENEFITTED THAN MUKESH AMBANI'S RELIANCE INDUSTRIAL INFRASTRUCTURE LTD.....

Sterlite Industries Ltd tanked after a sell call was given in the morning mail to the Paid Groups for intra-day play.

One of my Quickie Calls, Sambhaav Media Ltd (BSE Code--511 630) moved up today after a following message is sent in the morning mail: "Sambhaav Media Ltd (BSE Code--511 630) has started to move up after the company came out with comparatively good set of numbers in June, 2008, even in this downturn. The stock could be heading towards Rs.3.2 in the next few trading sessions. This call was given in the Morning mail to the Paid Groups." The stock rose by 10.44% today when the markets went down by more than 450 points on the Sensex.

The metal prices tanked after following message was sent to the Paid Groups: ........In the same way all the construction and real estate counters are expected to do well in the coming days in the view of falling Steel prices and Status-quo in the cement prices---Lok Housing, ........Developers Ltd........Unitech Ltd, DLF Ltd, ..............Construction, BGR Energy Ltd, ........Infrastructure Ltd, .......ha Engineering Ltd, etc. looks good. Gammon India Ltd had a good run on 1st October, 2008.

At the current levels the Indian markets looks excellent for investment and I can contest my views in any Forum anywhere in the World. I have been telling this since a long time but people believe these "Chartists more than the fundamental call giving guys, what to do........".

If the movements of the markets can be drawn on the charts accurately before the market started, then people would been millionaires by just following the charts. I do not know why investors do not understand this simple logic!!! But yes, the charts do give some insight into the market movements, which is essential to study before playing in the markets......

Stocks surge ahead of House bailout vote; investors cheer Wells Fargo-Wachovia deal

NEW YORK -- Stocks surged while credit markets remained strained Friday ahead of an expected House vote on the government's $700 billion financial rescue plan and after Wells Fargo Co. agreed to buy Wachovia Corp. in a $15.1 billion deal. The Dow Jones industrial average rose nearly 250 points.

Investors also appear relieved that the government's September employment report wasn't worse, although the Labor Department said payrolls shrank by 159,000, more than the 100,000 economists predicted. The nation's unemployment rate remained flat at 6.1 percent, as expected.

Investors are eager for unemployment to remain in check because widespread job losses could further curb consumer spending, which accounts for more than two-thirds of the nation's economic activity.

On a busy Friday, investors were awaiting resolution on the government's plan to buy up bad assets from banks and other institutions to shore up the financial industry and help resuscitate credit markets. Trading across markets has been volatile throughout the week based on investors' reading of whether the plan would win approval; on Monday, the House's rejection took Wall Street and Capitol Hill by surprise.

The Senate subsequently passed a sweetened version of the plan that added tax breaks and raised the limit on federal deposit insurance from $100,000 to $250,000. The revote is expected to occur again during market hours, which could make for somewhat restrained trading until it is complete.

While much of the nervousness on Wall Street has been blamed on uncertainty about the rescue plan's chances, investors are now contending with worries about the broader economy, not just the credit markets. On Thursday, the Dow industrials, which have seen triple-digit moves each day this week, fell 348 points on a growing belief that the plan won't stop the U.S. from falling into a prolonged recession. Investors did find some room for optimism, however. The Wells Fargo-Wachovia deal cheered investors because, unlike several recent banking tie-ups, it wasn't put together at the behest of regulators or using government money. The agreement upends a plan announced Monday by Citigroup Inc. to acquire Wachovia's banking operations for $2.16 billion, a move orchestrated by the Federal Deposit Insurance Corp. However, Citigroup was demanding that Wachovia honor its agreement. The FDIC said it is standing behind the agreement it made with Citigroup.

Ahead of the House vote, the credit markets indicated increased demand for safety. The yield on the 3-month Treasury bill, the safest type of investment, fell to 0.49 percent from 0.70 percent late Thursday. Yields have remained low in recent weeks because investors are eager to safeguard their money.

The yield on the benchmark 10-year Treasury note, which moves opposite its price, rose to 3.72 percent from 3.64 percent late Thursday.

"People I think are bargain hunting a little on these depressed prices and hoping that the market is going to rally following a favorable vote in the House," said Scott Fullman, director of derivatives investment strategy for WJB Capital Group in New York.

In late morning trading, the Dow rose 247.86, or 2.36 percent, to 10,730.71.

Broader stock indicators also rose. The Standard & Poor's 500 index advanced 34.77, or 3.12 percent, to 1,149.05, and the Nasdaq composite index rose 65.08, or 3.29 percent, to 2,041.80. The dollar was mostly higher against other major currencies, while gold prices fell.

Light, sweet crude rose $1.68 to $95.65 on the New York Mercantile Exchange.

Wall Street also appeared pleased by a report that the nation's service sector was slightly stronger than expected last month. The Institute for Supply Management, a trade group of purchasing executives, said its service sector index slipped to 50.2 in September from 50.6 in August. However, the number came in ahead of the reading of 50 that economists had expected, according to Thomson/IFR. A reading above 50 signals growth, while a reading below 50 indicates contraction.

Wachovia shareholders will receive 0.1991 share of Wells Fargo for every share of Wachovia they hold, valuing Wachovia at about $7 a share. The deal represents a nearly 80 percent premium to the stock's close of $3.91 on Thursday. The stock finished last week at $10, before the deal with Citigroup was announced.

Wachovia shares rose $2.64, or 67 percent, to $6.55, while Wells Fargo rose $1.81, or 5.2 percent, to $36.97. Citigroup fell $2.05, or 9.1 percent, to $20.45.

American International Group Inc., one of the 30 stocks that comprise the Dow, said it plans to sell off a number of businesses and retain its U.S. property and casualty and foreign general insurance businesses. The world's largest insurer said it will become a smaller, more nimble company. AIG teetered on the edge of failure in recent weeks because of the collapse of the subprime mortgage market and the resulting tightness in the credit markets. Last month, the company received a two-year, $85 billion emergency loan from the government.

AIG rose 77 cents, or 19 percent, to $4.77.

Overseas, Japan's Nikkei stock average fell 1.94 percent. In afternoon trading, Britain's FTSE 100 rose 1.02 percent, Germany's DAX index rose 1.62 percent, and France's CAC-40 rose 1.54 percent.