Technical Analysis- Nifty - Keeping The Best For The Last

The Nifty lost 18 points over the day to close at 5169. The
markets once again traded in a range yesterday but with a
negative bias this time. After a flat start the Nifty corrected to get
close to the lower end of the applicable trading range of 5150-
5200. It seems that the bulls are just buying time before a
confident move above 5200/17500. Most of the technical
indicators remain positively placed and hence momentum should

Market News - HOT FROM THE PRESS

* BHEL : China's TBEA and BHEL in talks to jointly mfg power equipment in India

* ONGC/GAIL : Cabinet likely to allow them to invest $251mn for a 12.5% stake     
in the $2.01bn gas pipeline China is building in Myanmar

* SBI : Chairman says no interest rate hike likely for next 6 mths in lending     
rates due to surplus liquidity in the mkts

LIfe insurance business is growing at speed of more than 20% as per recenet news from LIC and other companies. Total premium collected for LI has increased . There is definitely a huge opportunity in insurance business including health and auto. ICICI , HDFC are some premium ones along with Bajaj and some other smaller players in insurance. As far stocks are concerned there are no publicly traded stocks in insurance or I should say there is no listed pure insurance company in the market yet but strong rumours about ICICI insurance could get first one to get listed on bourses.

Hot Stock News* RELIANCE : co says its considering overseas investments as the economic environment of past year has resulted in "interesting oppurtunities"* TATA STEEL : to invest $279mn in a JV for an iron ore project in Canada with 2 Canadian firms* SHIPPING CORPORATION : to buy 6 second hand ships to expand its fleet by taking advantage of prevailing low pxs globally

Are there any private insurance company traded publicly ?