Saturday, September 29, 2007
Friday, September 28, 2007
Markets Today
The bulls are in complete charge of the markets taking it to yet another life time high. It was not only a strong day for the markets but a good end to a phenomenal week. The week saw Sensex crosssing the milestone of 17,000 and the Nifty breached the 5,000 mark. Today the Sensex breached 17,300 mark and the Nifty was trading well above 5,000 mark.
The uptrend was powered by metal stocks followed by the banking majors, FMCG and pharma stocks. However trading weak were select oil & gas and IT pivotals followed by select auto stocks. The broader markets were trading inline with the frontline indices with moderate gains.
Sensex was up 140.54 points or 0.82% at 17291.10, and the Nifty up 20.80 points or 0.42% at 5021.35.
About 1502 shares have advanced, 1457 shares declined, and 74 shares are unchanged.
The BSE Small Cap Index closed at 9,099.93 up 0.6%.
The BSE Midcap Index ended at 7,422.43 up 1.2%.
The BSE FMCG Index closed at 2,161.35 up 2%. Nestle, GlaxoSmith Con, United Spirits, ITC, Dabur India closed in green.
The BSE Metal Index closed at 13,945.39 up 3.3%. Sesa Goa, Tata Steel, Hindalco, JindalStainless were among the gainers.
The BSE Health Care Index was up 1.7% at 3,784.21. Novartis India, Sterling Bio, Biocon, Cipla, Ranbaxy Labs closed higher.
The BSE Capital Goods Index was flat at 14,679.84. Kirloskar Oil, Alstom Projects, Reliance Infra, Kirloskar Bros, Kalpataru Power ended higher.
The BSE Auto Index closed at 5,332.26 up 1.1%. Ashok Leyland, Punj Tractors, Tata Motors, Maruti Udyog, Escorts were among the gainers
The BSE IT Index closed at 4,627.83 down 0.3%. HCL Tech, Tech Mahindra, Infosys, Mphasis ended lower.
The BSE Bankex was up 2.6% at 9,469.26. Bank of India, Yes Bank, Allahabad Bank, Union Bank, Centurion Bank closed higher.
The BSE Oil and Gas Index closed at 9,561.95 down 0.8%. Essar Oil, HPCL, ONGC, BPCL closed in red.
The NSE cash turnover was at Rs 17567.47 crore and the NSE F&O turnover was at Rs 56998.5 crore. The BSE cash turnover was Rs 7921.43 crore. Total market wide turnover was at Rs 82487.40 crore.
The uptrend was powered by metal stocks followed by the banking majors, FMCG and pharma stocks. However trading weak were select oil & gas and IT pivotals followed by select auto stocks. The broader markets were trading inline with the frontline indices with moderate gains.
Sensex was up 140.54 points or 0.82% at 17291.10, and the Nifty up 20.80 points or 0.42% at 5021.35.
About 1502 shares have advanced, 1457 shares declined, and 74 shares are unchanged.
The BSE Small Cap Index closed at 9,099.93 up 0.6%.
The BSE Midcap Index ended at 7,422.43 up 1.2%.
The BSE FMCG Index closed at 2,161.35 up 2%. Nestle, GlaxoSmith Con, United Spirits, ITC, Dabur India closed in green.
The BSE Metal Index closed at 13,945.39 up 3.3%. Sesa Goa, Tata Steel, Hindalco, JindalStainless were among the gainers.
The BSE Health Care Index was up 1.7% at 3,784.21. Novartis India, Sterling Bio, Biocon, Cipla, Ranbaxy Labs closed higher.
The BSE Capital Goods Index was flat at 14,679.84. Kirloskar Oil, Alstom Projects, Reliance Infra, Kirloskar Bros, Kalpataru Power ended higher.
The BSE Auto Index closed at 5,332.26 up 1.1%. Ashok Leyland, Punj Tractors, Tata Motors, Maruti Udyog, Escorts were among the gainers
The BSE IT Index closed at 4,627.83 down 0.3%. HCL Tech, Tech Mahindra, Infosys, Mphasis ended lower.
The BSE Bankex was up 2.6% at 9,469.26. Bank of India, Yes Bank, Allahabad Bank, Union Bank, Centurion Bank closed higher.
The BSE Oil and Gas Index closed at 9,561.95 down 0.8%. Essar Oil, HPCL, ONGC, BPCL closed in red.
The NSE cash turnover was at Rs 17567.47 crore and the NSE F&O turnover was at Rs 56998.5 crore. The BSE cash turnover was Rs 7921.43 crore. Total market wide turnover was at Rs 82487.40 crore.
Source:moneycontrol.com
Intraday Calls for 28th September
Last trading day of the month. Market can open flat to positive and may remain flat. Some profit booking can be seen at higher levels in overbought stocks.
Nifty support 4965, 4880 Resistance 5020, 5050
Sensex Support 17000, 16890 Resistance 17200, 17290
Buys for Intraday:
NIIT Tech (334) Target 342-345 SL 330
Orchid Chemical (230) Target 235-238 SL 227
RPL (150) Target 155 SL 148
Cipla (176) Target 180-182 SL 174
EKC (223) Target 228-230 SL 220
Bhushan Steel (915) Target 930-940 SL 910
Visu International (16.50) Target 17.50-18 SL 16
Paramount Communication (33.60) Target 36-38 SL 32
Pantaloon Retail (526) Target 540 SL 522
REL (1116) Target 1130 SL 1110
Others: GMR Infra, Rasoya Proten, NIIT Ltd., Maxwell Ind, Videocon Ind.
Good Luck
Nifty support 4965, 4880 Resistance 5020, 5050
Sensex Support 17000, 16890 Resistance 17200, 17290
Buys for Intraday:
NIIT Tech (334) Target 342-345 SL 330
Orchid Chemical (230) Target 235-238 SL 227
RPL (150) Target 155 SL 148
Cipla (176) Target 180-182 SL 174
EKC (223) Target 228-230 SL 220
Bhushan Steel (915) Target 930-940 SL 910
Visu International (16.50) Target 17.50-18 SL 16
Paramount Communication (33.60) Target 36-38 SL 32
Pantaloon Retail (526) Target 540 SL 522
REL (1116) Target 1130 SL 1110
Others: GMR Infra, Rasoya Proten, NIIT Ltd., Maxwell Ind, Videocon Ind.
Good Luck
Thursday, September 27, 2007
Technical Views
Technical Analyst, Ashwani Gujral is of the view that Kesoram Industries can touch Rs 670.
Gujral told CNBC-TV18, "It is time probably for cement to start some participation. Kesoram has support at Rs 515 that could be headed for a target of about Rs 670. Rs 430 is possible on the upside in Birla Corporation."
Reliance Energy could head upto Rs 1350 level.
Gujral told CNBC-TV18, "Reliance Energy continues to surprise because now it has now achieved all kinds of targets that we had in mind. So probably one should keep a stop of about Rs 1,100 and just let it ride it, probably it could head upto levels of Rs 1,350. "
He further added, "Sterlite Industries commodities have started doing well so in that also one could see levels of about Rs 850-900."
Unitech may touch Rs 400.
Gujral told CNBC-TV18, "Interest rate sensitives stocks have a lot of expectations that interest rates will come down. DLF is a strong counter that should probably head towards Rs 900 in the medium-term. Unitech after some consolidation should go back to about Rs 400."
He further added, "Indiabulls Real Estate is trading at new highs, it has broken out a few days back that should probably head towards Rs 800, but again I am saying that we need to have a close eye on how much leverage and what kind of cost of carry this market is building up as we go forward because reactions will be quite steep and sharp."
Above Rs 730, Shree Renuka Sugars can touch Rs 900.
Gujral told CNBC-TV18, "If Shree Renuka Sugars can maintain Rs 730 it should look at Rs 900 that tends to move quite fast. It was a bad day today for Bajaj Hindustan but again support at Rs 170 probably Rs 225 is next. Balrampur Chini is around consolidation levels of Rs 70, we could probably see Rs 90.รถ
Tata Steel can go upto Rs 900.
Gujral told CNBC-TV18, "Metals, is a very strong group, Tata Steel is trading at new highs, I would not be surprised to see this at about Rs 900. I would not be surprised to see Sterlite at Rs 860-900. SAIL is looking quite strong, Rs 230 could be the next level on SAIL. So, there are things, which are looking strong even in this market."
Technical Analyst, Ashwani Gujral is of the view that once sugar stocks complete consolidation, we could see higher levels.
Gujral told CNBC-TV18, "The initial buying has come in now probably the government needs to do something more for these sugar stocks they have all climbed back above their Rs 200 day moving averages, which at least brings them in to a positive territory. Now from here they probably need to move sideways because this move up was 25%-30% once they can complete a sideways kind of consolidation, we should see higher levels.
Industrial Finance Corporation of India, IFCI has good support between Rs 82-85.
Gujral told CNBC-TV18, "RNRL needs to consolidate big time, I think Rs 65 is a sort of level to which it can correct. For IFCI, Rs 82-85 is probably a good support area that is where it needs to consolidate before it moves on to about Rs 110."
He further added, "Similarly with Jaiprakash Hydro-Power, it was Rs 55 few days back and suddenly it runs upto Rs 85. All these stocks need to cool off, build fresh bases before they can move higher because the kind of moves they have had, they have probably covered a lot of ground in one day. So now they need to move sideways and make some fresh basing patters here."
Source:moneycontrol.com
Gujral told CNBC-TV18, "It is time probably for cement to start some participation. Kesoram has support at Rs 515 that could be headed for a target of about Rs 670. Rs 430 is possible on the upside in Birla Corporation."
Reliance Energy could head upto Rs 1350 level.
Gujral told CNBC-TV18, "Reliance Energy continues to surprise because now it has now achieved all kinds of targets that we had in mind. So probably one should keep a stop of about Rs 1,100 and just let it ride it, probably it could head upto levels of Rs 1,350. "
He further added, "Sterlite Industries commodities have started doing well so in that also one could see levels of about Rs 850-900."
Unitech may touch Rs 400.
Gujral told CNBC-TV18, "Interest rate sensitives stocks have a lot of expectations that interest rates will come down. DLF is a strong counter that should probably head towards Rs 900 in the medium-term. Unitech after some consolidation should go back to about Rs 400."
He further added, "Indiabulls Real Estate is trading at new highs, it has broken out a few days back that should probably head towards Rs 800, but again I am saying that we need to have a close eye on how much leverage and what kind of cost of carry this market is building up as we go forward because reactions will be quite steep and sharp."
Above Rs 730, Shree Renuka Sugars can touch Rs 900.
Gujral told CNBC-TV18, "If Shree Renuka Sugars can maintain Rs 730 it should look at Rs 900 that tends to move quite fast. It was a bad day today for Bajaj Hindustan but again support at Rs 170 probably Rs 225 is next. Balrampur Chini is around consolidation levels of Rs 70, we could probably see Rs 90.รถ
Tata Steel can go upto Rs 900.
Gujral told CNBC-TV18, "Metals, is a very strong group, Tata Steel is trading at new highs, I would not be surprised to see this at about Rs 900. I would not be surprised to see Sterlite at Rs 860-900. SAIL is looking quite strong, Rs 230 could be the next level on SAIL. So, there are things, which are looking strong even in this market."
Technical Analyst, Ashwani Gujral is of the view that once sugar stocks complete consolidation, we could see higher levels.
Gujral told CNBC-TV18, "The initial buying has come in now probably the government needs to do something more for these sugar stocks they have all climbed back above their Rs 200 day moving averages, which at least brings them in to a positive territory. Now from here they probably need to move sideways because this move up was 25%-30% once they can complete a sideways kind of consolidation, we should see higher levels.
Industrial Finance Corporation of India, IFCI has good support between Rs 82-85.
Gujral told CNBC-TV18, "RNRL needs to consolidate big time, I think Rs 65 is a sort of level to which it can correct. For IFCI, Rs 82-85 is probably a good support area that is where it needs to consolidate before it moves on to about Rs 110."
He further added, "Similarly with Jaiprakash Hydro-Power, it was Rs 55 few days back and suddenly it runs upto Rs 85. All these stocks need to cool off, build fresh bases before they can move higher because the kind of moves they have had, they have probably covered a lot of ground in one day. So now they need to move sideways and make some fresh basing patters here."
Source:moneycontrol.com
Intraday calls for 27th September
Market is likely to open with gap up and nifty can touch 5000 mark today.
Buys for intraday:
Dish TV (73.75) Target 78-80 SL 72
Bank of Rajasthan (121) Target 125-128 SL 120
GMR Infra (830) Target 850-865 SL 824
IDEA (128) Target 132-135 SL 126
Arvind Mills (60) Target 62-65 SL 59
Rain Calcing (44) Target 48-50 SL 43
Air Deccan (149) Target 155 SL 146
TCS (1040) Target 1060 SL 1032
TTML (43) Target 45-48 SL 42
GTL Infra (38.75) Target 42-44 SL 37.5
Atlanta (300) Target 310-315 SL 296
Prithvi Info (272) Target 278-282 SL 270
Good Luck
Buys for intraday:
Dish TV (73.75) Target 78-80 SL 72
Bank of Rajasthan (121) Target 125-128 SL 120
GMR Infra (830) Target 850-865 SL 824
IDEA (128) Target 132-135 SL 126
Arvind Mills (60) Target 62-65 SL 59
Rain Calcing (44) Target 48-50 SL 43
Air Deccan (149) Target 155 SL 146
TCS (1040) Target 1060 SL 1032
TTML (43) Target 45-48 SL 42
GTL Infra (38.75) Target 42-44 SL 37.5
Atlanta (300) Target 310-315 SL 296
Prithvi Info (272) Target 278-282 SL 270
Good Luck
Wednesday, September 26, 2007
Intraday Calls for 26th September
Market is likely to open flat to positive and can touch 17000 for sensex and 5000 for nifty.
Sensex Support 16740, 16660 Resistance 17000, 17140
Nifty Support 4860, 4800 Resistance 5000
Buys for intraday:
NIIT Ltd. (147) Target 152-155 SL 145
NIIT Tech. (326) Target 335+ SL 322
Prithvi Info (272) Target 280-285 SL 268
UTV Software (609) Target 630 SL 602
TTML (40) Target 44-45 SL 39
Hindalco (167.5) Target 172-175 SL 165
ITC (187) Target 192-195 SL 185
Essar Oil (59) Target 65 SL 57
Petronet LNG (86) Target 90+ SL 84
Renuka Sugar (700) Target 725 SL 694
Triveni Eng (119) Target 125 SL 117
DCW (16) Target 18 SL 15.5
Bindal Agro (50) Target 55 SL 48 (NSE Only)
Good Luck
Sensex Support 16740, 16660 Resistance 17000, 17140
Nifty Support 4860, 4800 Resistance 5000
Buys for intraday:
NIIT Ltd. (147) Target 152-155 SL 145
NIIT Tech. (326) Target 335+ SL 322
Prithvi Info (272) Target 280-285 SL 268
UTV Software (609) Target 630 SL 602
TTML (40) Target 44-45 SL 39
Hindalco (167.5) Target 172-175 SL 165
ITC (187) Target 192-195 SL 185
Essar Oil (59) Target 65 SL 57
Petronet LNG (86) Target 90+ SL 84
Renuka Sugar (700) Target 725 SL 694
Triveni Eng (119) Target 125 SL 117
DCW (16) Target 18 SL 15.5
Bindal Agro (50) Target 55 SL 48 (NSE Only)
Good Luck
Tuesday, September 25, 2007
Market Rumours
Short Term Targets for listed below:
TTML (41) Target 55+
Hindalco (168) Target 190
GMR Infra (866) Target 950
Vijaya Bank (65) Target 75+
Bongaigaon Ref (68) Target 75+
NIIT Ltd. (147) Target 180+
Renuka Sugar (700) Target 1000
These are only market rumours. It can be right or wrong. Please keep strict SL(1-2%) if buy.
TTML (41) Target 55+
Hindalco (168) Target 190
GMR Infra (866) Target 950
Vijaya Bank (65) Target 75+
Bongaigaon Ref (68) Target 75+
NIIT Ltd. (147) Target 180+
Renuka Sugar (700) Target 1000
These are only market rumours. It can be right or wrong. Please keep strict SL(1-2%) if buy.
Markets Today
The markets ended with marginal gains after seeing some hicups in the noon trades. It was a dull day for markets as they selling pressure was seen in realty, auto and banking stocks. Markets made smart recovery from the day's low, Sensex saw a triple digit correction in noon but was up again by the end of the day to end almost flat. Oil marketing companies were the standout performance with HPCL, BPCL and IOC were among the top gainers.
It was some profit booking at the higher levels and Nifty holding above the 4,900 mark. The market breadth was negative as the midcap and smallcap indices underperformed.
Bharti, Hindalco and Cipla are among the top gainers on the indices. PSU refineries HPCL and BPCL have surged on the bourses.
Among the top losers are Bajaj Auto, Hero Honda, Reliance Petro, GAIL, Maruti Udyog and SBI.
Dollar has gained some strength against the rupee helping the IT stocks to stabilise.
Sensex was up 53.71 points or 0.32% at 16899.54, and the Nifty up 6.65 points or 0.13% at 4938.85.
About 1228 shares have advanced, 1735 shares declined, and 69 shares are unchanged.
The BSE Midcap Index ended at 7,313.33 up 0.04%.
The BSE Smallcap Index ended at 8,967.51 up 0.05%.
The BSE Bankex was down 0.5% at 8,921.74. Oriental Bank, Centurion Bank, Allahabad Bank, Karnataka Bank, Bank of Baroda moved downwards.
The BSE Capital Goods Index was up 0.5% at 14,763.61. Areva T&D, Punj Lloyd, Alstom Projects, Bharat Bijlee, AIA Engineering closed lower.
The BSE Health Care Index was up 0.6% at 3,687.60. Nicholas Pirama, Lupin, Divis Labs, Cadila Health closed higher.
The BSE Auto Index closed at 5,252.96 down 1%. Tube Investment, Hero Honda, TVS Motor, Mah and Mah, Escorts closed lower.
The BSE Metal Index closed at 13,080.83 up 0.4%. JSW Steel, Jindal Saw, Hindalco, Hind Zinc, JindalStainless closed higher
The BSE FMCG Index closed at 2,156.35 up 0.1%. United Spirits, Dabur India, United Brewerie, Colgate, HUL closed higher.
BSE Oil and Gas Index closed at 9,777.51 up 1.3%. Petronet LNG, Essar Oil, BPCL, IOC, HPCL ended in green.
The BSE IT Index closed flat at 4,348.62. Satyam, HCL Tech, Tech Mahindra, Infosys closed lower.
The BSE realty Index lost 3% at 9,085.47. Unitech, Phoenix Mills, Ansal Propertie, Mahindra Gesco, DLF closed lower.
The NSE cash turnover was at Rs 17784.95 crore and the NSE F&O turnover was at Rs 83677.53 crore. The BSE cash turnover was Rs 7468.09 crore. Total market wide turnover was at Rs 108930.57 crore.
It was some profit booking at the higher levels and Nifty holding above the 4,900 mark. The market breadth was negative as the midcap and smallcap indices underperformed.
Bharti, Hindalco and Cipla are among the top gainers on the indices. PSU refineries HPCL and BPCL have surged on the bourses.
Among the top losers are Bajaj Auto, Hero Honda, Reliance Petro, GAIL, Maruti Udyog and SBI.
Dollar has gained some strength against the rupee helping the IT stocks to stabilise.
Sensex was up 53.71 points or 0.32% at 16899.54, and the Nifty up 6.65 points or 0.13% at 4938.85.
About 1228 shares have advanced, 1735 shares declined, and 69 shares are unchanged.
The BSE Midcap Index ended at 7,313.33 up 0.04%.
The BSE Smallcap Index ended at 8,967.51 up 0.05%.
The BSE Bankex was down 0.5% at 8,921.74. Oriental Bank, Centurion Bank, Allahabad Bank, Karnataka Bank, Bank of Baroda moved downwards.
The BSE Capital Goods Index was up 0.5% at 14,763.61. Areva T&D, Punj Lloyd, Alstom Projects, Bharat Bijlee, AIA Engineering closed lower.
The BSE Health Care Index was up 0.6% at 3,687.60. Nicholas Pirama, Lupin, Divis Labs, Cadila Health closed higher.
The BSE Auto Index closed at 5,252.96 down 1%. Tube Investment, Hero Honda, TVS Motor, Mah and Mah, Escorts closed lower.
The BSE Metal Index closed at 13,080.83 up 0.4%. JSW Steel, Jindal Saw, Hindalco, Hind Zinc, JindalStainless closed higher
The BSE FMCG Index closed at 2,156.35 up 0.1%. United Spirits, Dabur India, United Brewerie, Colgate, HUL closed higher.
BSE Oil and Gas Index closed at 9,777.51 up 1.3%. Petronet LNG, Essar Oil, BPCL, IOC, HPCL ended in green.
The BSE IT Index closed flat at 4,348.62. Satyam, HCL Tech, Tech Mahindra, Infosys closed lower.
The BSE realty Index lost 3% at 9,085.47. Unitech, Phoenix Mills, Ansal Propertie, Mahindra Gesco, DLF closed lower.
The NSE cash turnover was at Rs 17784.95 crore and the NSE F&O turnover was at Rs 83677.53 crore. The BSE cash turnover was Rs 7468.09 crore. Total market wide turnover was at Rs 108930.57 crore.
Source:moneycontrol.com
Intraday Calls for 25th September
Market may open flat to positive but profit booking expected at higher levels near 17000 for sensex & 5000 for nifty.
Buys for intraday:
IDFC (147)
IDBI (155)
LIC Housing Finance (219)
Bank of India (263)
RCOM (598)
Petronet LNG (78)
Escorts (115)
Colgate (408) Buy above 412
Gail (375)
Ispat Industries (27)
Visa Steel (35)
Haldyn Glass (75)
Ashok Layland (40)
Good Luck
Buys for intraday:
IDFC (147)
IDBI (155)
LIC Housing Finance (219)
Bank of India (263)
RCOM (598)
Petronet LNG (78)
Escorts (115)
Colgate (408) Buy above 412
Gail (375)
Ispat Industries (27)
Visa Steel (35)
Haldyn Glass (75)
Ashok Layland (40)
Good Luck
Monday, September 24, 2007
Intraday Calls for 24th Sept.
Market will open positive and remain positive but some profit booking can be seen at higher levels.
Buys for Intraday:
Alphageo (470)
Cummins india ltd. (423)
Nelcast (168)
Atlanta (308)
GMR Infra
Chambal fert.
Nagarjuna fert.
GBN
Petron Eng.
3I Info
Prithvi Info
Wipro
Good Luck
Buys for Intraday:
Alphageo (470)
Cummins india ltd. (423)
Nelcast (168)
Atlanta (308)
GMR Infra
Chambal fert.
Nagarjuna fert.
GBN
Petron Eng.
3I Info
Prithvi Info
Wipro
Good Luck
Friday, September 21, 2007
Markets Today
It was not only an interesting end to the week but an entire interesting week for equity markets. The week saw some terrific gains on account of 50 bps rate cut by the Fed. Sensex was up 6.4%and Nifty up 7.3% during the week. Sensex also saw its biggest weekly points gain.
Standout performance was from Reliance group of stocks like Reliance Infra up over 75%, Reliance, Rel Energy and Reliance Petro and Reliance Cap.
Apart from IT index which closed flat, all the BSE sector indices closed up over7%. Realty index was the top gainer up 14% followed by oil & gas up 12%. The week saw a bull run in commodities and also in the currency market where rupee breached the 40 mark trading at 39.90 levels.
In today's session markets scaled new heights, both the frontline indices saw a a triple digit rally on a total turnover of over 1 lakh crore. Although there were some initial hicups but later the markets surged on the back of heavy buying in heavyweights like HUL, Reliance and SAIL. IT, FMCG and healthcare were among the top losers on the indices. However, trading strong are telecom, auto, oil & gas and realty were among the gainers.
Reliance Energy, Reliance, SAIL, HUL, Bharti Airtel, Reliance Communication, GAIL, Reliance Petro, Hero Honda and Grasim are among the top gainers on the indices.
NTPC, Suzlon Energy, Satyam, ITC, TCS are among the top losers on the Sensex. Infosys, Wipro, TCS touched 52 week low today.
Sensex was up 216.28 points or 1.32% at 16564.23, and the Nifty up 90.00 points or 1.90% at 4837.55.
About 1279 shares have advanced, 1695 shares declined, and 57 shares are unchanged.
The BSE Midcap Index ended at 7,199.92 up 67 points or 1%.
The BSE Smallcap Index ended at 8,895.30 up 20 points or 0.22%.
The BSE Capital Goods Index was closed at 14,520.17 up 1%. Reliance Infra, Areva T&D, Thermax, Punj Lloyd, Astra Microwave closed higher
The BSE Auto Index closed closed at 5,193.50 up 1%. Escorts, Hero Honda, Exide Industrie, Cummins, Maruti Udyog ended in the green.
The BSE Metal Index closed at 12,812.76 up 0.7%. Jindal Steel, SAIL, Sesa Goa, Sterlite Ind, Shree Precoated, Jindal Saw advanced.
The BSE FMCG Index lost 0.6% at 2,152.99. Britannia, Nestle, United Spirits, Tata Tea, ITC ended in red.
BSE Oil and Gas Index closed at 9,340.05 up 3.7%. Reliance Petro, Reliance Natura, GAIL, Reliance closed in green.
The BSE IT Index closed at 4,428.34 up 1%. Mphasis, I-Flex Solution, HCL Tech, Satyam, Patni Computer closed lower.
The BSE Bankex was up 0.6% at 8,739.84. Oriental Bank, Union Bank, Kotak Mahindra, SBI, Canara Bank closed higher.
The NSE cash turnover was at Rs 16655.36 crore and the NSE F&O turnover was at Rs 75928.77 crore. The BSE cash turnover was Rs 8223.37 crore. Total market wide turnover was at Rs 100807.50 crore.
Standout performance was from Reliance group of stocks like Reliance Infra up over 75%, Reliance, Rel Energy and Reliance Petro and Reliance Cap.
Apart from IT index which closed flat, all the BSE sector indices closed up over7%. Realty index was the top gainer up 14% followed by oil & gas up 12%. The week saw a bull run in commodities and also in the currency market where rupee breached the 40 mark trading at 39.90 levels.
In today's session markets scaled new heights, both the frontline indices saw a a triple digit rally on a total turnover of over 1 lakh crore. Although there were some initial hicups but later the markets surged on the back of heavy buying in heavyweights like HUL, Reliance and SAIL. IT, FMCG and healthcare were among the top losers on the indices. However, trading strong are telecom, auto, oil & gas and realty were among the gainers.
Reliance Energy, Reliance, SAIL, HUL, Bharti Airtel, Reliance Communication, GAIL, Reliance Petro, Hero Honda and Grasim are among the top gainers on the indices.
NTPC, Suzlon Energy, Satyam, ITC, TCS are among the top losers on the Sensex. Infosys, Wipro, TCS touched 52 week low today.
Sensex was up 216.28 points or 1.32% at 16564.23, and the Nifty up 90.00 points or 1.90% at 4837.55.
About 1279 shares have advanced, 1695 shares declined, and 57 shares are unchanged.
The BSE Midcap Index ended at 7,199.92 up 67 points or 1%.
The BSE Smallcap Index ended at 8,895.30 up 20 points or 0.22%.
The BSE Capital Goods Index was closed at 14,520.17 up 1%. Reliance Infra, Areva T&D, Thermax, Punj Lloyd, Astra Microwave closed higher
The BSE Auto Index closed closed at 5,193.50 up 1%. Escorts, Hero Honda, Exide Industrie, Cummins, Maruti Udyog ended in the green.
The BSE Metal Index closed at 12,812.76 up 0.7%. Jindal Steel, SAIL, Sesa Goa, Sterlite Ind, Shree Precoated, Jindal Saw advanced.
The BSE FMCG Index lost 0.6% at 2,152.99. Britannia, Nestle, United Spirits, Tata Tea, ITC ended in red.
BSE Oil and Gas Index closed at 9,340.05 up 3.7%. Reliance Petro, Reliance Natura, GAIL, Reliance closed in green.
The BSE IT Index closed at 4,428.34 up 1%. Mphasis, I-Flex Solution, HCL Tech, Satyam, Patni Computer closed lower.
The BSE Bankex was up 0.6% at 8,739.84. Oriental Bank, Union Bank, Kotak Mahindra, SBI, Canara Bank closed higher.
The NSE cash turnover was at Rs 16655.36 crore and the NSE F&O turnover was at Rs 75928.77 crore. The BSE cash turnover was Rs 8223.37 crore. Total market wide turnover was at Rs 100807.50 crore.
Source:moneycontrol.com
Intraday Calls for 21st September
Market is likely to open flat and may see some correction.
Sensex Support 16260 Resistance 16450, 16560.
Nifty Support 4640, 4600 Resistance 4750, 4780
Buys for Intraday:
KRBL (96) Target 102-105 SL 94
Gulf Oil (1415) Target 1430-1440 SL 1410
Cinemax (156) Target 162-165 SL 152
GMR Infra (805) Target 815-820 SL 800
Dewan Housing (74) Target 78-80 SL 72
Hyd Ind (220) Target 225-228 SL 216
MRPL (51) Target 53-55 SL 50
Petronet LNG (68.25) Target 70-72 SL 66
Others: Nelcast (156), Lok Housing (154), HCC (141), RCOM (566) Prithvi Info (299), Arvind Mills (52).
Good Luck.
Sensex Support 16260 Resistance 16450, 16560.
Nifty Support 4640, 4600 Resistance 4750, 4780
Buys for Intraday:
KRBL (96) Target 102-105 SL 94
Gulf Oil (1415) Target 1430-1440 SL 1410
Cinemax (156) Target 162-165 SL 152
GMR Infra (805) Target 815-820 SL 800
Dewan Housing (74) Target 78-80 SL 72
Hyd Ind (220) Target 225-228 SL 216
MRPL (51) Target 53-55 SL 50
Petronet LNG (68.25) Target 70-72 SL 66
Others: Nelcast (156), Lok Housing (154), HCC (141), RCOM (566) Prithvi Info (299), Arvind Mills (52).
Good Luck.
Thursday, September 20, 2007
Intraday Calls for 20th September
Yesterday was a Golden day for India in both Indian Stock Market and Indian Cricket. Made new records.
Today market can open positive and remain flat to positive, closing can be flat coz of some profit booking at higher levles.
Sensex Support 16000, 15860 Resistance 16400, 16460.
Nifty Support 4640, 4600 Resistance 4750.
Buys for Intraday:
IVRCL (403) Target 410+ SL 398 (Rec. at 375 level for delivery on 17 Sept)
ONGC (902) Target 930+ SL 895
ITC (186) Target 190+ SL 184
Renuka Sugar (686) Target 700+ SL 680
RCOM (564) Target 575 SL 560
IDBI (139) Target 142-145 SL 137
IDFC (137) Target 140-142 SL 135
Voltas (157) Target 162-165 SL 154
IVR Prime (388) Target 400 SL 384
TVToday (151) Target 155 SL 148
ENIL (509) Target 520 SL 505
Short Sell: Sail (185), Suzlon (1470), Reliance Infra (865), REL (948)
Good Luck
Today market can open positive and remain flat to positive, closing can be flat coz of some profit booking at higher levles.
Sensex Support 16000, 15860 Resistance 16400, 16460.
Nifty Support 4640, 4600 Resistance 4750.
Buys for Intraday:
IVRCL (403) Target 410+ SL 398 (Rec. at 375 level for delivery on 17 Sept)
ONGC (902) Target 930+ SL 895
ITC (186) Target 190+ SL 184
Renuka Sugar (686) Target 700+ SL 680
RCOM (564) Target 575 SL 560
IDBI (139) Target 142-145 SL 137
IDFC (137) Target 140-142 SL 135
Voltas (157) Target 162-165 SL 154
IVR Prime (388) Target 400 SL 384
TVToday (151) Target 155 SL 148
ENIL (509) Target 520 SL 505
Short Sell: Sail (185), Suzlon (1470), Reliance Infra (865), REL (948)
Good Luck
Wednesday, September 19, 2007
Marekts Today
It was a phenomenal session for equity markets across the globe giving some blow out moves. Markets saw an emphatic breakout celebrating the rate cut of 50 bps in the discount rate by the Fed chief Ben Bernanke. This rate cut comes after four years on account of recession concerns in the US. During the last four years there have been 17 consecutive rate hikes and yesterday we saw a rate cut of 50 bps. Analysts are seeing this as positive and a bold move by the Fed in order to take charge of the slowdown in US.
It was a historic session for Sensex, which was up 4% or 600 points breaching 16,000 and staying well above outperforming most of the Asian peers. It was the biggest single day points gain for Sensex. The euphoria was wide spread in scrips across sectors. Sugar was the story of the day. After a long time sugar rallied with some of sugar stocks locked in upper circuit on sops being given to sugar companies.
Rate sensitive were also among the star performers whether it was banking, property or auto.
Banking & financial stocks like HDFC and HDFC Bank saw big moves and were up 8% followed by ICICI Bank and SBI. Giving them company from the realty space were DLF, Unitech, HDIL.
Stocks like SBI, SAIL, Reliance, RPL, HDFC, BHEL and Tata Steel hit their life time highs. Reliance market cap hit Rs 3 lakh crore.
Sensex was up 653.63 points or 4.17% at 16322.75, and the Nifty up 186.15 points or 4.09% at 4732.35.
About 1643 shares have advanced, 1301 shares declined, and 86 shares are unchanged.
The BSE Midcap Index ended at 7,116.61 up 132 points or 1.9%.
The BSE Smallcap Index ended at 8,871.00 up 90 points or 1%.
The BSE Capital Goods Index was closed at 14,112.99 up 2%. Triveni Engg, Praj Industries, Lakshmi Machine, Reliance Infra, Carborundum, Bharat Bijlee, Thermax closed higher.
The BSE Auto Index closed closed at 5,094.31 up 3.5%. Maruti Udyog, Bajaj Auto, Mah and Mah, Hero Honda, Tata Motors ended in the green.
The BSE Metal Index closed at 12,546.34 up 4%. SAIL, Sterlite Ind, Tata Steel, Hindalco, JSW Steel, Hind Zinc advanced.
The BSE FMCG Index gained 2% at 2,140.91. ITC, HUL, Britannia, Marico, Colgate, Tata Tea ended higher.
BSE Oil and Gas Index closed at 8,924.11 up 5%. Reliance Petro, Reliance Natura, GAIL, Reliance closed in green.
The BSE IT Index closed at 4,491.21 up 2.4%. Infosys, Tech Mahindra, Mphasis, I-Flex Solution, HCL Tech, Satyam, Patni Computer closed higher.
The BSE Bankex was up 5% at 8,691.45. HDFC Bank, Bank of Baroda, ICICI Bank, PNB, SBI closed higher.
The NSE cash turnover was at Rs 16470.54 crore and the NSE F&O turnover was at Rs 68643.65 crore. The BSE cash turnover was Rs 7455.94 crore. Total market wide turnover was at Rs 92570.13 crore.
It was a historic session for Sensex, which was up 4% or 600 points breaching 16,000 and staying well above outperforming most of the Asian peers. It was the biggest single day points gain for Sensex. The euphoria was wide spread in scrips across sectors. Sugar was the story of the day. After a long time sugar rallied with some of sugar stocks locked in upper circuit on sops being given to sugar companies.
Rate sensitive were also among the star performers whether it was banking, property or auto.
Banking & financial stocks like HDFC and HDFC Bank saw big moves and were up 8% followed by ICICI Bank and SBI. Giving them company from the realty space were DLF, Unitech, HDIL.
Stocks like SBI, SAIL, Reliance, RPL, HDFC, BHEL and Tata Steel hit their life time highs. Reliance market cap hit Rs 3 lakh crore.
Sensex was up 653.63 points or 4.17% at 16322.75, and the Nifty up 186.15 points or 4.09% at 4732.35.
About 1643 shares have advanced, 1301 shares declined, and 86 shares are unchanged.
The BSE Midcap Index ended at 7,116.61 up 132 points or 1.9%.
The BSE Smallcap Index ended at 8,871.00 up 90 points or 1%.
The BSE Capital Goods Index was closed at 14,112.99 up 2%. Triveni Engg, Praj Industries, Lakshmi Machine, Reliance Infra, Carborundum, Bharat Bijlee, Thermax closed higher.
The BSE Auto Index closed closed at 5,094.31 up 3.5%. Maruti Udyog, Bajaj Auto, Mah and Mah, Hero Honda, Tata Motors ended in the green.
The BSE Metal Index closed at 12,546.34 up 4%. SAIL, Sterlite Ind, Tata Steel, Hindalco, JSW Steel, Hind Zinc advanced.
The BSE FMCG Index gained 2% at 2,140.91. ITC, HUL, Britannia, Marico, Colgate, Tata Tea ended higher.
BSE Oil and Gas Index closed at 8,924.11 up 5%. Reliance Petro, Reliance Natura, GAIL, Reliance closed in green.
The BSE IT Index closed at 4,491.21 up 2.4%. Infosys, Tech Mahindra, Mphasis, I-Flex Solution, HCL Tech, Satyam, Patni Computer closed higher.
The BSE Bankex was up 5% at 8,691.45. HDFC Bank, Bank of Baroda, ICICI Bank, PNB, SBI closed higher.
The NSE cash turnover was at Rs 16470.54 crore and the NSE F&O turnover was at Rs 68643.65 crore. The BSE cash turnover was Rs 7455.94 crore. Total market wide turnover was at Rs 92570.13 crore.
Source:moneycontrol.com
Intraday Calls for 19th September
Market can open with gap up and it can even touch 16000 mark today.
Buy for intraday (Do not buy if open too high):
Exide Industries
India Cement
ITC
Reliance Energy
SBI
Bank of Baroda
Sasken Communication
Escorts
Skumar Nation
Shringar Cinema
Prithvi Info
Good Luck
Buy for intraday (Do not buy if open too high):
Exide Industries
India Cement
ITC
Reliance Energy
SBI
Bank of Baroda
Sasken Communication
Escorts
Skumar Nation
Shringar Cinema
Prithvi Info
Good Luck
Tuesday, September 18, 2007
Intraday Calls for 18th September
Market will open with a gap down about 100-150 points. Some recovery expected from lower levels but remail nagetive.
Sensex Support 15340 Resistance 15630
Nifty Support 4440 Resistance 4530
Buy for intraday: (Buy at lower levels)
Adhunik Metal
Praj Industries
India Cement
ITC
Hind Organics
Redington
Titan Industries
Finolex Industries
Renuka Sugar
Sakthi Sugar
Sel Manufacturing
Good Luck
Sensex Support 15340 Resistance 15630
Nifty Support 4440 Resistance 4530
Buy for intraday: (Buy at lower levels)
Adhunik Metal
Praj Industries
India Cement
ITC
Hind Organics
Redington
Titan Industries
Finolex Industries
Renuka Sugar
Sakthi Sugar
Sel Manufacturing
Good Luck
Monday, September 17, 2007
Markets Today
It was a weak close for the markets on account of some negative cues from Europe. Europe after opening in red sliped further, FTSE was down 2% following the suit are CAC and DAX. Some of Asian markets came under pressure, Taiwan was down 1%, Kospi ended flat and Hang Seng was down over 1%. All eyes are set on tomorrow's Fed meet where analyst are expecting a rate cut of 25 bps.
Technology and telecom stood out as the biggest losers with Reliance Communication, Satyam, TCS, Bharti Airtel and Infosys being among the top losers.
Consumer durables have stood out in todays trade and were among the top gainers followed by select auto, power, FMCG and metal stocks.
Advance tax numbers are out ICICI Banks number stood at Rs 450 crore, flat YoY basis and Ambuja Cement at Rs 200 crore versus Rs 120 crore (YoY).
Sensex was down 99.37 points or 0.64% at 15504.43, and the Nifty down 23.35 points or 0.52% at 4494.65.
About 1509 shares have advanced, 1443 shares declined, and 76 shares are unchanged.
The BSE Midcap Index ended at 6,915.37 up 18 points or 0.30%.
The BSE Smallcap Index ended at 8,640.23 up 68 points or 0.8%.
The BSE Capital Goods Index was closed flat at 13,704.85. Reliance Infra, Triveni Engg, Kirloskar Oil, Bharat Bijlee closed higher.
The BSE Auto Index closed closed at 4,897.17 up 0.2%. Bajaj Auto, Cummins, Tube Investment, Hind Motors, Maruti Udyog ended in the green.
The BSE Metal Index closed at 12,011.58 up 0.3%. Sesa Goa, Shree Precoated, Hind Zinc, NALCO, Sterlite Ind advanced.
The BSE FMCG Index gained 0.9% at 2,090.79. United Brewerie, United Spirits, GlaxoSmith Con, Tata Tea ended in red.
BSE Oil and Gas Index closed at 8,372.09 down 0.2%.
The BSE IT Index closed at 4,387.26 down 1.4%. TCS down 2.5%, closes below Rs 1000; Satyam down 1.8%, Infosys down 1.76%.
The BSE Bankex was down 0.6% at 8,090.77. ICICI Bank down 1.23%, HDFC Bank down 0.53%.
The NSE cash turnover was at Rs 9373.78 crore and the NSE F&O turnover was at Rs 35768.53 crore. The BSE cash turnover was Rs 4673.34 crore. Total market wide turnover was at Rs 49815.65 crore.
Technology and telecom stood out as the biggest losers with Reliance Communication, Satyam, TCS, Bharti Airtel and Infosys being among the top losers.
Consumer durables have stood out in todays trade and were among the top gainers followed by select auto, power, FMCG and metal stocks.
Advance tax numbers are out ICICI Banks number stood at Rs 450 crore, flat YoY basis and Ambuja Cement at Rs 200 crore versus Rs 120 crore (YoY).
Sensex was down 99.37 points or 0.64% at 15504.43, and the Nifty down 23.35 points or 0.52% at 4494.65.
About 1509 shares have advanced, 1443 shares declined, and 76 shares are unchanged.
The BSE Midcap Index ended at 6,915.37 up 18 points or 0.30%.
The BSE Smallcap Index ended at 8,640.23 up 68 points or 0.8%.
The BSE Capital Goods Index was closed flat at 13,704.85. Reliance Infra, Triveni Engg, Kirloskar Oil, Bharat Bijlee closed higher.
The BSE Auto Index closed closed at 4,897.17 up 0.2%. Bajaj Auto, Cummins, Tube Investment, Hind Motors, Maruti Udyog ended in the green.
The BSE Metal Index closed at 12,011.58 up 0.3%. Sesa Goa, Shree Precoated, Hind Zinc, NALCO, Sterlite Ind advanced.
The BSE FMCG Index gained 0.9% at 2,090.79. United Brewerie, United Spirits, GlaxoSmith Con, Tata Tea ended in red.
BSE Oil and Gas Index closed at 8,372.09 down 0.2%.
The BSE IT Index closed at 4,387.26 down 1.4%. TCS down 2.5%, closes below Rs 1000; Satyam down 1.8%, Infosys down 1.76%.
The BSE Bankex was down 0.6% at 8,090.77. ICICI Bank down 1.23%, HDFC Bank down 0.53%.
The NSE cash turnover was at Rs 9373.78 crore and the NSE F&O turnover was at Rs 35768.53 crore. The BSE cash turnover was Rs 4673.34 crore. Total market wide turnover was at Rs 49815.65 crore.
Source:moneycontrol.com
Intraday Calls for 17th September
Market may open flat and remain in range. Not much downside and not much upside expected.
Sensex Support 15550, 15400 Resistance 15750
Nifty Support 4500, 4470 Resistance 4530, 4550
Buy for Intraday:
Aptech (375) Target 382-385 SL 372
Orchid Chemical (218) Target 225 SL 215
GVK Power (570) Target 580+ SL 565
Kalyani Steel (385) Target 395-400 SL 380
Radico Khaitan (194) Target 204-208 SL 190
Dollex (118) Target 125 SL 116
Prithvi Info (300) Target 308-310 SL 296
Bayer Crop (344) Target 355 SL 340
IVRCL (375) Target 382-385 SL 370 (Ultimate Short Term Target 450+)
Others: Ispat Industries (20)(Buy for long term gain), FDC Ltd. (32.40), Cairn Energy (161), Arvind Mills (52), ITC (180).
Good Luck
Sensex Support 15550, 15400 Resistance 15750
Nifty Support 4500, 4470 Resistance 4530, 4550
Buy for Intraday:
Aptech (375) Target 382-385 SL 372
Orchid Chemical (218) Target 225 SL 215
GVK Power (570) Target 580+ SL 565
Kalyani Steel (385) Target 395-400 SL 380
Radico Khaitan (194) Target 204-208 SL 190
Dollex (118) Target 125 SL 116
Prithvi Info (300) Target 308-310 SL 296
Bayer Crop (344) Target 355 SL 340
IVRCL (375) Target 382-385 SL 370 (Ultimate Short Term Target 450+)
Others: Ispat Industries (20)(Buy for long term gain), FDC Ltd. (32.40), Cairn Energy (161), Arvind Mills (52), ITC (180).
Good Luck
Friday, September 14, 2007
Sensex may touch 17500 by Diwali: JM Financial
Atul Mehra, ED & Head-Capital Markets of JM Financial said that they are bullish on power, power transmission and distribution, capital goods, construction, alternate fuel and iron.
Mehra added that they see the Sensex at 17,500 by Diwali.
According to him, the concerns on crude and interest rates remain. The Fed cut by 25 bps could see cheer in the equity markets, stated Mehra. There are enough non-US funds moving around in markets to absorb shocks.
Excerpts from CNBC-TV18's exclusive interview Atul Mehra:
Q: We are within striking distance of an all-time high, could we go much higher from here, if so how much?
A: Well we have not seen highs being created; we are going to see newer highs being created. My personal guess is you will see the index somewhere in the region of 17,500 closer to Diwali time. The fundamental reason that gives me motivation to believe that is going to be achieved is liquidity. The same old argument that we have been using for three years still continue to hold true.
Q: Fundamentally, there is a wee bit of a crack coming on the windscreen. You have this IIP number, which is not looking too good. Globally you could see a slowdown because credit is tight. So, would you say that this liquidity argument could get punctured?
A: If you want to add a slight bit of crack, add two more cracks to that. One is the oil price trading at USD 80 a barrel and interest rate, which still continues to trade in the vicinity of 10.5% to 11.5%, which is still high. These are what I call cracks, which are there. The question out over there is all these have been factored into our system, markets are taking note of it and right now corporate India may have given us enough confidence and made us believe that despite all these cracks and uncertainties their numbers will be very much on track and their growth will not be hampered in quarters and years to come ahead.
Q: You are looking at 17,000 by Diwali and perhaps a continued high, where should investors be putting their money sector-wise?
A: Let me give you five or six sectors that I am personally very excited about. Slot numbers one, two and three have been taken up by power sectors. We are very bullish on power, power transmission, and power distribution. So, all the three sectors in one bucket is the most exciting sector. We are bullish on the construction sector; we are bullish on capital goods as a sector. The two other sectors that are our favourites would be the opportunistic sectors and one of them would be the alternate fuel sector. This is a very interesting sector and I am pretty much excited about this sector.
The second sector, which is again very interesting, would be the resources sector, which is what I call as the metal resources sector, basically back into the iron ore or manganese ore, those kinds of companies. This is a very interesting sector and I would urge investors to look into that.
Mehra added that they see the Sensex at 17,500 by Diwali.
According to him, the concerns on crude and interest rates remain. The Fed cut by 25 bps could see cheer in the equity markets, stated Mehra. There are enough non-US funds moving around in markets to absorb shocks.
Excerpts from CNBC-TV18's exclusive interview Atul Mehra:
Q: We are within striking distance of an all-time high, could we go much higher from here, if so how much?
A: Well we have not seen highs being created; we are going to see newer highs being created. My personal guess is you will see the index somewhere in the region of 17,500 closer to Diwali time. The fundamental reason that gives me motivation to believe that is going to be achieved is liquidity. The same old argument that we have been using for three years still continue to hold true.
Q: Fundamentally, there is a wee bit of a crack coming on the windscreen. You have this IIP number, which is not looking too good. Globally you could see a slowdown because credit is tight. So, would you say that this liquidity argument could get punctured?
A: If you want to add a slight bit of crack, add two more cracks to that. One is the oil price trading at USD 80 a barrel and interest rate, which still continues to trade in the vicinity of 10.5% to 11.5%, which is still high. These are what I call cracks, which are there. The question out over there is all these have been factored into our system, markets are taking note of it and right now corporate India may have given us enough confidence and made us believe that despite all these cracks and uncertainties their numbers will be very much on track and their growth will not be hampered in quarters and years to come ahead.
Q: You are looking at 17,000 by Diwali and perhaps a continued high, where should investors be putting their money sector-wise?
A: Let me give you five or six sectors that I am personally very excited about. Slot numbers one, two and three have been taken up by power sectors. We are very bullish on power, power transmission, and power distribution. So, all the three sectors in one bucket is the most exciting sector. We are bullish on the construction sector; we are bullish on capital goods as a sector. The two other sectors that are our favourites would be the opportunistic sectors and one of them would be the alternate fuel sector. This is a very interesting sector and I am pretty much excited about this sector.
The second sector, which is again very interesting, would be the resources sector, which is what I call as the metal resources sector, basically back into the iron ore or manganese ore, those kinds of companies. This is a very interesting sector and I would urge investors to look into that.
Source:moneycontrol.com
Markets Today
The markets ended flat after opening on a strong note. They could not sustain their position at the higher levels as profit booking set in during the later part of the day. Auto, FMCG, pharma and IT stocks are under pressure. The fall comes in despite some strong Asian cues. At this point all eyes are on 18 September for Fed decision, analyst are expecting 25 bps cut.
The broader markets underperformed the benchmark indices and closed with moderate losses.
Pharma, IT and auto indices were among the top losers among the BSE indices. Select banking, metal and realty stocks held out their gains.
Top gainers on the indices are ICICI Bank, HDFC Bank, L&T, MTNL, Sterlite Ind, Tata Steel and ITC .
Top losers on the indices are NTPC, Reliance Communication, ACC, Sun Pharma, HCL Tech, Maruti Udyog and HUL.
Sensex was down 10.64 points or 0.07% at 15603.80, and the Nifty down 10.95 points or 0.24% at 4518.00.
About 1106 shares have advanced, 1850 shares declined, and 69 shares are unchanged.
The BSE Midcap Index ended at 6,897.00 up 50 points or 0.72%.
The BSE Smallcap Index ended at 8,572.76 up 66 points or 0.8%.
The BSE Capital Goods Index was closed at 13,701.56 down 0.2%. Lakshmi Machine, Crompton Greave, Greaves Cotton, AIA Engineering, Alfa Laval closed lower.
The BSE Auto Index closed closed at 4,885.47 down 1%. TVS Motor, Escorts, Cummins, Hind Motors, Maruti Udyog ended in the red.
The BSE Metal Index closed at 11,979.96 up 0.5%. Shree Precoated, Jindal Saw, Sterlite Ind, Mah Seamless advanced.
The BSE FMCG Index closed flat at 2,072.81. Tata Tea, United Brewerie, GlaxoSmith Con, Bata India ended in red.
BSE Oil and Gas Index closed at 8,387.22 up 0.1%. Reliance Petro, Reliance closed in green.
The BSE IT Index closed at 4,449.14 down 0.8%. Mphasis, Financial Tech, Wipro, HCL Tech closed lower.
The BSE Bankex was up 0.6%. ICICI Bank,HDFC Bank, Karnataka Bank, Kotak Mahindra closed higher.
The NSE cash turnover was at Rs 12490.58 crore and the NSE F&O turnover was at Rs 47177.37 crore. The BSE cash turnover was Rs 6474.89 crore. Total market wide turnover was at Rs 66142.84 crore.
The broader markets underperformed the benchmark indices and closed with moderate losses.
Pharma, IT and auto indices were among the top losers among the BSE indices. Select banking, metal and realty stocks held out their gains.
Top gainers on the indices are ICICI Bank, HDFC Bank, L&T, MTNL, Sterlite Ind, Tata Steel and ITC .
Top losers on the indices are NTPC, Reliance Communication, ACC, Sun Pharma, HCL Tech, Maruti Udyog and HUL.
Sensex was down 10.64 points or 0.07% at 15603.80, and the Nifty down 10.95 points or 0.24% at 4518.00.
About 1106 shares have advanced, 1850 shares declined, and 69 shares are unchanged.
The BSE Midcap Index ended at 6,897.00 up 50 points or 0.72%.
The BSE Smallcap Index ended at 8,572.76 up 66 points or 0.8%.
The BSE Capital Goods Index was closed at 13,701.56 down 0.2%. Lakshmi Machine, Crompton Greave, Greaves Cotton, AIA Engineering, Alfa Laval closed lower.
The BSE Auto Index closed closed at 4,885.47 down 1%. TVS Motor, Escorts, Cummins, Hind Motors, Maruti Udyog ended in the red.
The BSE Metal Index closed at 11,979.96 up 0.5%. Shree Precoated, Jindal Saw, Sterlite Ind, Mah Seamless advanced.
The BSE FMCG Index closed flat at 2,072.81. Tata Tea, United Brewerie, GlaxoSmith Con, Bata India ended in red.
BSE Oil and Gas Index closed at 8,387.22 up 0.1%. Reliance Petro, Reliance closed in green.
The BSE IT Index closed at 4,449.14 down 0.8%. Mphasis, Financial Tech, Wipro, HCL Tech closed lower.
The BSE Bankex was up 0.6%. ICICI Bank,HDFC Bank, Karnataka Bank, Kotak Mahindra closed higher.
The NSE cash turnover was at Rs 12490.58 crore and the NSE F&O turnover was at Rs 47177.37 crore. The BSE cash turnover was Rs 6474.89 crore. Total market wide turnover was at Rs 66142.84 crore.
Source:moneycontrol.com
Intraday Calls for 14th September
Market is likely to open with gap up. Some profit booking can be seen in second half. Not much gain at closing expected.
Buy for Intraday:
KPIT (141) Target 148-150 SL 138
Bayer Corp (333) Target 345 SL 330
Ansal Housing (207) Target 215 SL 204
IDBI (134) Target 138-140 SL132
Vivimed Labs (163) Target 170 SL 160
HOPFL (268) Target 280 SL 265
IGL (115) Target 122-125 SL 113
Ansal Buildwell (86) Target 90+ SL 84
Rolta (470) Target 480 SL 466
United Phospho (358) Target 365-368 SL 355
Others: Nitin Fire (458), GIC Housing (56), Manglore Chemical (36), Bhagyanagar India (49), Tata Power (751).
Good Luck
Buy for Intraday:
KPIT (141) Target 148-150 SL 138
Bayer Corp (333) Target 345 SL 330
Ansal Housing (207) Target 215 SL 204
IDBI (134) Target 138-140 SL132
Vivimed Labs (163) Target 170 SL 160
HOPFL (268) Target 280 SL 265
IGL (115) Target 122-125 SL 113
Ansal Buildwell (86) Target 90+ SL 84
Rolta (470) Target 480 SL 466
United Phospho (358) Target 365-368 SL 355
Others: Nitin Fire (458), GIC Housing (56), Manglore Chemical (36), Bhagyanagar India (49), Tata Power (751).
Good Luck
Thursday, September 13, 2007
Markets Today
The markets ended the day on a strong note with some positive cues from Asian peers. But Europe was sulking with most of the markets trading in red. Sustained buying was seen in realty, banking and IT stocks. Broader markets outperformed the benchmark indices. Both midcap and smallcap indices are up nearly 1%. This gave markets healthy breadth in favour of advances. However, FMCG, pharma and metal stocks traded under pressure.
Top gainers on teh indices were SBI, Suzlon Energy, Maruti dyog and ACC.
HUL, ITC, Hindalco, Zee Entertainment were among the major losers on the indices.
BSE Realty index is trading strong today up nearly 3%. Major gainers in this space were Unitech, Peninsular Land and Mahindra Gesco.
Reliance Capital and Mercator Lines ended with hefty gains.
Sensex was up 109.08 points or 0.70% at 15614.44, and the Nifty up 32.10 points or 0.71% at 4528.95.
About 1723 shares have advanced, 1231 shares declined, and 70 shares are unchanged.
The BSE Midcap Index ended at 6,946.70 up 57 points or 0.70%.
The BSE Smallcap Index ended at 8,638.26 up 66 points or 0.8%.
The BSE Capital Goods Index was closed at 13,723.88 up 0.3%. Triveni Engg, Suzlon Energy, Praj Industries, Reliance Infra, BEML closed higher.
The BSE Auto Index closed closed at 4,939.34 up 1.3%. Maruti Udyog, TVS Motor, Apollo Tyres, Hero Honda, Cummins, Tata Motors ended in the green.
The BSE Metal Index closed flat at 11,924.63. Jindal Steel, Sterlite Ind, Shree Precoated advanced.
The BSE FMCG Index lost 0.5% at 2,070.79. ITC, Britannia, Marico, Colgate ended in red.
BSE Oil and Gas Index closed at 8,378.77 up 0.7%. Reliance Natura, GAIL, Essar Oil, Reliance closed in green.
The BSE IT Index closed at 4,482.57 up 1%. Mphasis, Tech Mahindra, TCS, Satyam, Wipro closed lower.
The BSE Bankex was up 1.3% at 8,081.94. Kotak Mahindra, SBI, Karnataka Bank, HDFC Bank, Union Bank, Axis Bank closed lower.
The NSE cash turnover was at Rs 11057.26 crore and the NSE F&O turnover was at Rs 41758.23 crore. The BSE cash turnover was Rs 5262.6 crore. Total market wide turnover was at Rs 58078.09 crore.
Top gainers on teh indices were SBI, Suzlon Energy, Maruti dyog and ACC.
HUL, ITC, Hindalco, Zee Entertainment were among the major losers on the indices.
BSE Realty index is trading strong today up nearly 3%. Major gainers in this space were Unitech, Peninsular Land and Mahindra Gesco.
Reliance Capital and Mercator Lines ended with hefty gains.
Sensex was up 109.08 points or 0.70% at 15614.44, and the Nifty up 32.10 points or 0.71% at 4528.95.
About 1723 shares have advanced, 1231 shares declined, and 70 shares are unchanged.
The BSE Midcap Index ended at 6,946.70 up 57 points or 0.70%.
The BSE Smallcap Index ended at 8,638.26 up 66 points or 0.8%.
The BSE Capital Goods Index was closed at 13,723.88 up 0.3%. Triveni Engg, Suzlon Energy, Praj Industries, Reliance Infra, BEML closed higher.
The BSE Auto Index closed closed at 4,939.34 up 1.3%. Maruti Udyog, TVS Motor, Apollo Tyres, Hero Honda, Cummins, Tata Motors ended in the green.
The BSE Metal Index closed flat at 11,924.63. Jindal Steel, Sterlite Ind, Shree Precoated advanced.
The BSE FMCG Index lost 0.5% at 2,070.79. ITC, Britannia, Marico, Colgate ended in red.
BSE Oil and Gas Index closed at 8,378.77 up 0.7%. Reliance Natura, GAIL, Essar Oil, Reliance closed in green.
The BSE IT Index closed at 4,482.57 up 1%. Mphasis, Tech Mahindra, TCS, Satyam, Wipro closed lower.
The BSE Bankex was up 1.3% at 8,081.94. Kotak Mahindra, SBI, Karnataka Bank, HDFC Bank, Union Bank, Axis Bank closed lower.
The NSE cash turnover was at Rs 11057.26 crore and the NSE F&O turnover was at Rs 41758.23 crore. The BSE cash turnover was Rs 5262.6 crore. Total market wide turnover was at Rs 58078.09 crore.
Source:moneycontrol.com
Intraday Calls for 13th September
Market remain rangebound.
Sensex Support 15500, 15400 and Resistance 15600, 15750
Nifty Support 4440 and Resistance 4530, 4550
Buy for Intraday:
Selan Explo (140) Target 145-148 SL 138
Hind Oil Explo (112) Target 115-118 SL 110
Aptech (368) Target 375 SL 365
India Cement (266) Target 275 SL 263
NTPC (190) Target 195 SL 188
ADSL (352) Target 360 SL 346
IndiaBulls (535) Target 545 SL 530
Essar Oil (51.5) Target 53-55 SL 51
Others: Reliance Capital, Reliance Industries, REL, Triveni Eng, Renuka Sugar, Visu International, Cairn Energy.
Good Luck
Sensex Support 15500, 15400 and Resistance 15600, 15750
Nifty Support 4440 and Resistance 4530, 4550
Buy for Intraday:
Selan Explo (140) Target 145-148 SL 138
Hind Oil Explo (112) Target 115-118 SL 110
Aptech (368) Target 375 SL 365
India Cement (266) Target 275 SL 263
NTPC (190) Target 195 SL 188
ADSL (352) Target 360 SL 346
IndiaBulls (535) Target 545 SL 530
Essar Oil (51.5) Target 53-55 SL 51
Others: Reliance Capital, Reliance Industries, REL, Triveni Eng, Renuka Sugar, Visu International, Cairn Energy.
Good Luck
Wednesday, September 12, 2007
Markets Today
It was yet another inconclusive session for the markets as they ended the day on a flat note. Metal and oil & gas stocks were the outperformers. However, IT, FMCG and pharma indices ended in red. Reliance pack clearly supported the markets, Reliance Energy, Reliance and Reliance were among the top gainers.
Broader markets have shown resilience and outperformed the benchmark indices. BSE midcap index was up 0.3% and smallcap index is up 0.6%.
In the midcap space sugar, financial and power stocks did well for themselves.
Metal index ended up over 1%. Sterlite Industries is up over 3% followed by Tata Steel & SAIL.
TTML, Nagarjuna Fertilisers, Everonn Systems, Reliance Capital, Indusind, UCO Bank, Vijaya Bank are among the midcap gainers.
Top gainers on the indices are Bajaj Auto up 2.5%. Top losers on the Sensex were NTPC, Cipla and ITC.
On the macroeconomic front, July Industrial output numbers were amajor disappointment, it was at 7.1% versus 13.2% on YoY basis. Apr-Jul Industrial Grwoth took place at 9.6% versus 11.1%,YoY. It was a major disappointment below estimates and manufacturing has taken it on the chin. Within manufcaturing it is consumer durables has taken a hit.
Sensex was down 37.41 points or 0.24% at 15505.36, and the Nifty down 0.20 points or 0.00% at 4496.85.
About 1687 shares have advanced, 1269 shares declined, and 67 shares are unchanged.
The BSE Midcap Index ended at 6,889.55 up 13 points or 0.20%.
The BSE Smallcap Index ended at 8,572.35 up 43 points or 0.5%.
The BSE Capital Goods Index was closed at 13,664.18 down 0.3%. Jyoti Structure, Reliance Infra, Carborundum, Bharat Bijlee, Thermax closed lower.
The BSE Auto Index closed closed at 4,875.78 up 0.2%. Bajaj Auto, Cummins, MRF, Tube Investment, MICO ended in the green.
The BSE Metal Index closed at 11,918.28 up 1.2%. Jindal Steel, Sesa Goa, Sterlite Ind, Shree Precoated, Jindal Saw advanced.
The BSE FMCG Index lost 0.8% at 2,081.93. ITC, Britannia, Marico, Colgate ended in red.
BSE Oil and Gas Index closed at 8,321.15 up 0.7%. Reliance Petro, Reliance Natura, GAIL, Reliance closed in green.
The BSE IT Index closed at 4,443.98 down 0.6%. Mphasis, I-Flex Solution, HCL Tech, Satyam, Patni Computer closed lower.
The BSE Bankex was down 0.7% at 7,979.77. ICICI Bank, PNB, Oriental Bank, HDFC Bank, Federal Bank closed lower.
The NSE cash turnover was at Rs 10821.24 crore and the NSE F&O turnover was at Rs 40563.67 crore. The BSE cash turnover was Rs 5368.60 crore. Total market wide turnover was at Rs 56753.51 crore.
Broader markets have shown resilience and outperformed the benchmark indices. BSE midcap index was up 0.3% and smallcap index is up 0.6%.
In the midcap space sugar, financial and power stocks did well for themselves.
Metal index ended up over 1%. Sterlite Industries is up over 3% followed by Tata Steel & SAIL.
TTML, Nagarjuna Fertilisers, Everonn Systems, Reliance Capital, Indusind, UCO Bank, Vijaya Bank are among the midcap gainers.
Top gainers on the indices are Bajaj Auto up 2.5%. Top losers on the Sensex were NTPC, Cipla and ITC.
On the macroeconomic front, July Industrial output numbers were amajor disappointment, it was at 7.1% versus 13.2% on YoY basis. Apr-Jul Industrial Grwoth took place at 9.6% versus 11.1%,YoY. It was a major disappointment below estimates and manufacturing has taken it on the chin. Within manufcaturing it is consumer durables has taken a hit.
Sensex was down 37.41 points or 0.24% at 15505.36, and the Nifty down 0.20 points or 0.00% at 4496.85.
About 1687 shares have advanced, 1269 shares declined, and 67 shares are unchanged.
The BSE Midcap Index ended at 6,889.55 up 13 points or 0.20%.
The BSE Smallcap Index ended at 8,572.35 up 43 points or 0.5%.
The BSE Capital Goods Index was closed at 13,664.18 down 0.3%. Jyoti Structure, Reliance Infra, Carborundum, Bharat Bijlee, Thermax closed lower.
The BSE Auto Index closed closed at 4,875.78 up 0.2%. Bajaj Auto, Cummins, MRF, Tube Investment, MICO ended in the green.
The BSE Metal Index closed at 11,918.28 up 1.2%. Jindal Steel, Sesa Goa, Sterlite Ind, Shree Precoated, Jindal Saw advanced.
The BSE FMCG Index lost 0.8% at 2,081.93. ITC, Britannia, Marico, Colgate ended in red.
BSE Oil and Gas Index closed at 8,321.15 up 0.7%. Reliance Petro, Reliance Natura, GAIL, Reliance closed in green.
The BSE IT Index closed at 4,443.98 down 0.6%. Mphasis, I-Flex Solution, HCL Tech, Satyam, Patni Computer closed lower.
The BSE Bankex was down 0.7% at 7,979.77. ICICI Bank, PNB, Oriental Bank, HDFC Bank, Federal Bank closed lower.
The NSE cash turnover was at Rs 10821.24 crore and the NSE F&O turnover was at Rs 40563.67 crore. The BSE cash turnover was Rs 5368.60 crore. Total market wide turnover was at Rs 56753.51 crore.
Source:moneycontrol.com
Intraday Calls for 12th September
Market may open with a gap up and remain positive whole the day.
Sensex Support 15500, 15400 Resistance 15750, 15868
Nifty Support 4440 Resistance 4530, 4550.
Buy for Intraday:
TTML Above 35 Target 38 SL 34
Hotel Leela (47.6) Target 50-52 SL 46
Indian Hotel (127) Target 132-135 SL 125
IVRCL (380) Target 400+ SL 375
Peninsula Land (521) Target 535-542 SL 515
Mahindra Gesco (517) Target 535-540 SL 510
ADSL (333) Target 345+ SL 328
REL (860) Target 871-875-885 SL 855
Bank Of Baroda (276) Target 290 SL 272
Syndicate Bank (82) Target 85-88 SL 80
Others: Visu International (15), Mcdholding (221), ITC (183), Dabur (104), Elnet Tech (77), GEI Ind (99).
Good Luck
Sensex Support 15500, 15400 Resistance 15750, 15868
Nifty Support 4440 Resistance 4530, 4550.
Buy for Intraday:
TTML Above 35 Target 38 SL 34
Hotel Leela (47.6) Target 50-52 SL 46
Indian Hotel (127) Target 132-135 SL 125
IVRCL (380) Target 400+ SL 375
Peninsula Land (521) Target 535-542 SL 515
Mahindra Gesco (517) Target 535-540 SL 510
ADSL (333) Target 345+ SL 328
REL (860) Target 871-875-885 SL 855
Bank Of Baroda (276) Target 290 SL 272
Syndicate Bank (82) Target 85-88 SL 80
Others: Visu International (15), Mcdholding (221), ITC (183), Dabur (104), Elnet Tech (77), GEI Ind (99).
Good Luck
Tuesday, September 11, 2007
Markets Today
The markets ended in red with marginal losses. Midcap and smallcap just ended in green. Power, metal and select capital goods were aong the performers of the day. Midcap banking stocks did well aprt from the metal stocks. Selling pressure was seen in IT majors followed by auto and pharma stocks.
IFCI, Nyveli Lignite, Vijaya Bank, Dabur India and Tata Tele (Mah) were among the active stocks in the F&O space.
On the primary market front, Motilal Oswal got listed on the exchanges today at 930 versus its issue price of Rs 825. It closed at Rs 976.50 leading the gainers in the midcap space.
Reliance Ind hit Rs 2000 mark first time ever and was trading at Rs 1,980.40 down 0.34.
Top gainers on the indices were NTPC, Hindalco, Tata Steel, HDFC, ABB, Suzlon Energy, Dabur India, ACC were among the top gainers.
Top losers on the indices are TCS, Wipro HCL Tech, Zee Entertaiment, Satyam and Infosys.
In the block deals, 15 lakh Deccan Chronicle shares changed hands in BSE FII seg at Rs 242.60.
BSE Metal index is leading with again of over 1% on account of strengthning metal prices. Demand for metals is driven mainly by China which grew at 11.9% in Q2.
Sensex was down 54.06 points or 0.35% at 15542.77, and the Nifty down 10.80 points or 0.24% at 4497.05.
About 1522 shares have advanced, 1427 shares declined, and 73 shares are unchanged.
The BSE Midcap Index ended at 6,875.74 down 0.13%.
The BSE Smallcap Index ended at 8,529.09 up 0.2%.
The BSE Bankex was down 1% at 8,038.07. Karnataka Bank, Kotak Mahindra, SBI, ICICI Bank, Yes Bank, Bank of India moved downwards.
The BSE Capital Goods Index was up 0.4% at 13,714.26. Suzlon Energy, Kirloskar Bros, Alstom Projects, Triveni Engg, Alfa Laval, BHEL closed higher.
The BSE Health Care Index was down 0.5% at 3,703.82. Nicholas Pirama, Lupin, Divis Labs, Cadila Health closed lower.
The BSE Auto Index closed at 4,867.13 down 1%. Ashok Leyland, TVS Motor, Escorts, Tata Motors, Maruti Udyog closed higher.
The BSE Metal Index closed at 11,772.22 up 1.4%. Shree Precoated, Tata Steel, JindalStainless, SAIL, Sterlite Ind, Sesa Goa closed higher
The BSE FMCG Index closed at 2,098.05 up 0.7%. United Spirits, Dabur India, United Brewerie, Colgate, HUL closed higher.
BSE Oil and Gas Index closed flat at 8,260.71. Reliance, Essar Oil, GAIL, HPCL, Reliance Petro ended in red.
The BSE IT Index slipped 2% at 4,470.56. HCL Tech, Infosys, Patni Computer, Wipro, TCS closed lower.
The BSE realty Index lost 1% at 7,470.27. Unitech, Ansal Propertie, Mahindra Gesco, DLF closed lower.
The NSE cash turnover was at Rs 10841.17 crore and the NSE F&O turnover was at Rs 41739.52 crore. The BSE cash turnover was Rs 5306.15 crore. Total market wide turnover was at Rs 57886.84 crore.
IFCI, Nyveli Lignite, Vijaya Bank, Dabur India and Tata Tele (Mah) were among the active stocks in the F&O space.
On the primary market front, Motilal Oswal got listed on the exchanges today at 930 versus its issue price of Rs 825. It closed at Rs 976.50 leading the gainers in the midcap space.
Reliance Ind hit Rs 2000 mark first time ever and was trading at Rs 1,980.40 down 0.34.
Top gainers on the indices were NTPC, Hindalco, Tata Steel, HDFC, ABB, Suzlon Energy, Dabur India, ACC were among the top gainers.
Top losers on the indices are TCS, Wipro HCL Tech, Zee Entertaiment, Satyam and Infosys.
In the block deals, 15 lakh Deccan Chronicle shares changed hands in BSE FII seg at Rs 242.60.
BSE Metal index is leading with again of over 1% on account of strengthning metal prices. Demand for metals is driven mainly by China which grew at 11.9% in Q2.
Sensex was down 54.06 points or 0.35% at 15542.77, and the Nifty down 10.80 points or 0.24% at 4497.05.
About 1522 shares have advanced, 1427 shares declined, and 73 shares are unchanged.
The BSE Midcap Index ended at 6,875.74 down 0.13%.
The BSE Smallcap Index ended at 8,529.09 up 0.2%.
The BSE Bankex was down 1% at 8,038.07. Karnataka Bank, Kotak Mahindra, SBI, ICICI Bank, Yes Bank, Bank of India moved downwards.
The BSE Capital Goods Index was up 0.4% at 13,714.26. Suzlon Energy, Kirloskar Bros, Alstom Projects, Triveni Engg, Alfa Laval, BHEL closed higher.
The BSE Health Care Index was down 0.5% at 3,703.82. Nicholas Pirama, Lupin, Divis Labs, Cadila Health closed lower.
The BSE Auto Index closed at 4,867.13 down 1%. Ashok Leyland, TVS Motor, Escorts, Tata Motors, Maruti Udyog closed higher.
The BSE Metal Index closed at 11,772.22 up 1.4%. Shree Precoated, Tata Steel, JindalStainless, SAIL, Sterlite Ind, Sesa Goa closed higher
The BSE FMCG Index closed at 2,098.05 up 0.7%. United Spirits, Dabur India, United Brewerie, Colgate, HUL closed higher.
BSE Oil and Gas Index closed flat at 8,260.71. Reliance, Essar Oil, GAIL, HPCL, Reliance Petro ended in red.
The BSE IT Index slipped 2% at 4,470.56. HCL Tech, Infosys, Patni Computer, Wipro, TCS closed lower.
The BSE realty Index lost 1% at 7,470.27. Unitech, Ansal Propertie, Mahindra Gesco, DLF closed lower.
The NSE cash turnover was at Rs 10841.17 crore and the NSE F&O turnover was at Rs 41739.52 crore. The BSE cash turnover was Rs 5306.15 crore. Total market wide turnover was at Rs 57886.84 crore.
Source:moneycontrol.com
Intraday Calls for 11th September
Market may open positive but it is another day of highly volatile throughout the day. A flat closing expected.
Sensex Support 15500, 15400 and Resistance 15650, 15700
Nifty Support 4470, 4440 and Resistance 4530, 4550
Buy for Intraday:
Geojit Financial (45.6) Target 48-50 SL 44
ADSL (334) Target 345 SL 330 (Ultimate Short Term Target Rs. 375+)
Adlabs (499) Target 510-515 SL 495
RCOM (545) Target 550-552 SL 542
IDEA (122) Target 128-130 SL 120
Orchid Chem (219) Target 225+ SL 216
Tanla Solution (500) Target 515 SL 495
Alstom Projects (APIL) (758) Target 772-775 SL 752
UTV Software (555) Target 570 SL 548
Others: Escorts (109), IFCI (75), Cairn (156), SKumar Nation (110), Hotel Leela (45), Emkay Shares (155), JSW Steel (677).
Good Luck.
Sensex Support 15500, 15400 and Resistance 15650, 15700
Nifty Support 4470, 4440 and Resistance 4530, 4550
Buy for Intraday:
Geojit Financial (45.6) Target 48-50 SL 44
ADSL (334) Target 345 SL 330 (Ultimate Short Term Target Rs. 375+)
Adlabs (499) Target 510-515 SL 495
RCOM (545) Target 550-552 SL 542
IDEA (122) Target 128-130 SL 120
Orchid Chem (219) Target 225+ SL 216
Tanla Solution (500) Target 515 SL 495
Alstom Projects (APIL) (758) Target 772-775 SL 752
UTV Software (555) Target 570 SL 548
Others: Escorts (109), IFCI (75), Cairn (156), SKumar Nation (110), Hotel Leela (45), Emkay Shares (155), JSW Steel (677).
Good Luck.
Monday, September 10, 2007
Technical Views
Technical Analyst, Rajat K Bose is of the view that above Rs 138, IDBI can touch Rs 144-145.
Technical Analyst, Rajat K Bose is of the view that above Rs 138, Industrial Development Bank of India, IDBI can touch Rs 144-145.
Bose told CNBC-TV18, "IDBI looks pretty good, in fact immediately for a trader the target would be Rs 144-145, once Rs 138 is decisively broken on the upside. Actually, it might scale up that level earlier, much before the medium-term, but it about Rs 155-160."
He further added, "If one looks at the other financial stocks like IFCI and all, even those stocks are doing pretty well. If Rs 75 is crossed then IFCI will acquire further momentum on the upside."
"Rs 39.50-40 would be the strong resistance point for UCO Bank. But overall there is a lot of interest in UCO Bank, may be it will cross that level, unless it falls below Rs 36 now and then you can see further upswing happening in that stock as well."
Technical Analyst, Rajat K Bose is of the view that above Rs 138, Industrial Development Bank of India, IDBI can touch Rs 144-145.
Bose told CNBC-TV18, "IDBI looks pretty good, in fact immediately for a trader the target would be Rs 144-145, once Rs 138 is decisively broken on the upside. Actually, it might scale up that level earlier, much before the medium-term, but it about Rs 155-160."
He further added, "If one looks at the other financial stocks like IFCI and all, even those stocks are doing pretty well. If Rs 75 is crossed then IFCI will acquire further momentum on the upside."
"Rs 39.50-40 would be the strong resistance point for UCO Bank. But overall there is a lot of interest in UCO Bank, may be it will cross that level, unless it falls below Rs 36 now and then you can see further upswing happening in that stock as well."
Vivek Mahajan of IL& FS Investmart is of the view that Everest Kanto Cylinder can touch Rs 290.
Mahajan told CNBC-TV18, "Everest Kanto Cylinder makes cylinders for industrial gases, medical gases, CNG cylinders and all that. Right now the company has a capacity of 8 lakh cylinders spread between Aurangabad, Tarapur, Gandhidham and unit in Dubai. Going forward they are setting up a unit in China. While the Dubai unit will be catering to the demand from the Middle East, particularly Iran and also Pakistan, the China unit will be catering to China and Thailand. The demand for CNG is expected to go up manifold in these days to come as more and more gas supply becomes available particularly from the KNG basis and the demand for low pollution fuel.
He further added, รดWe think the company should be reporting an EPS of Rs 12 in the current year and Rs 18 next year. We expect company to grow at a 50% CAGR over the next 3-4 years. By next year, the company should be the largest cylinder manufacturer in the world. The stock is quoting at something like 12-13 times expected next year earnings. We think this stock has the potential to inch upto Rs 290 or thereabouts."
Mahajan told CNBC-TV18, "Everest Kanto Cylinder makes cylinders for industrial gases, medical gases, CNG cylinders and all that. Right now the company has a capacity of 8 lakh cylinders spread between Aurangabad, Tarapur, Gandhidham and unit in Dubai. Going forward they are setting up a unit in China. While the Dubai unit will be catering to the demand from the Middle East, particularly Iran and also Pakistan, the China unit will be catering to China and Thailand. The demand for CNG is expected to go up manifold in these days to come as more and more gas supply becomes available particularly from the KNG basis and the demand for low pollution fuel.
He further added, รดWe think the company should be reporting an EPS of Rs 12 in the current year and Rs 18 next year. We expect company to grow at a 50% CAGR over the next 3-4 years. By next year, the company should be the largest cylinder manufacturer in the world. The stock is quoting at something like 12-13 times expected next year earnings. We think this stock has the potential to inch upto Rs 290 or thereabouts."
Technical Analyst, Salil Sharma is of the view that Petronet LNG has target of Rs 72.
Sharma told CNBC-TV18, "Petronet LNG has given a good move above Rs 64, which used to be the strong resistance. Above Rs 66, the mild resistance looks quite good. It has moved up on quite heavy volumes. I expect a target of Rs 72 in the short-term and for the long-term holders, they can wait till Rs 90. On the downside, one should keep a short-term stoploss of Rs 60 and continue to ride the wave."
Sharma told CNBC-TV18, "Petronet LNG has given a good move above Rs 64, which used to be the strong resistance. Above Rs 66, the mild resistance looks quite good. It has moved up on quite heavy volumes. I expect a target of Rs 72 in the short-term and for the long-term holders, they can wait till Rs 90. On the downside, one should keep a short-term stoploss of Rs 60 and continue to ride the wave."
Source:moneycontrol.com
Markets Today
The markets ended the day on a flat note but were off day's low. Buying support came from FMCG, enegy and realty stocks. Selling pressure was seen in IT pivotals followed by select metal and banking stocks.
Smallcap and midcap indices outperformed the benchmark indices. BSE Midcap index was up 0.6% and the Smallcap index was up 1%.
RIL has acquired polyester assets of Malaysia-based Hualon. The stocks has reacted positively and in one of the most active counter today. Reliance was trading at Rs 1,986.00 up 1.25%.
ITC, NTPC, Ambuja Cements, Reliance Petro and BPCL were among the top gainers on the indices.
Sensex was up 6.41 points or 0.04% at 15596.83, and the Nifty down 1.65 points or 0.04% at 4507.85.
About 1779 shares have advanced, 1175 shares declined, and 67 shares are unchanged.
The BSE Midcap Index ended at 6,884.39 up 33 points or 0.48%.
The BSE Smallcap Index ended at 8,514.37 up 81 points or 0.96%.
The BSE Bankex was up 0.06% at 8,100.37. Kotak Mahindra, Andhra Bank, SBI, Bank of Baroda, Oriental Bank moved upwards.
The BSE Capital Goods Index was up 0.3% at 13,654.29. Bharat Bijlee, Jyoti Structure, Alstom Projects, Triveni Engg, Bharat Elec, ABB closed higher.
The BSE Health Care Index was up 0.4% at 3,720.81. Orchid Chemical, Glenmark, Sterling Bio, Ranbaxy Labs closed higher.
The BSE Auto Index closed at 4,900.37 up 0.22%. TVS Motor, Escorts, Apollo Tyres, Hind Motors surged.
The BSE Metal Index closed flat at 11,606.05. SAIL, Sesa Goa, NALCO, Jindal Steel, JindalStainless advanced higher.
The BSE IT Index lost 1.9% at 4,967.35. HCL Tech, Mphasis, Wipro, TCS, Infosys lower.
BSE Oil and Gas Index closed gained 1% to close at 8,259.93. Reliance Petro, Petronet LNG, BPCL, HPCL ended in green.
The BSE FMCG Index ended at 1,620.85 up 2%. ITC, United Spirits, Tata Tea, Godrej Consumer ended higher.
The NSE cash turnover was at Rs 8894.52 crore and the NSE F&O turnover was at Rs 37333.48 crore. The BSE cash turnover was Rs 4059.17 crore. Total market wide turnover was at Rs 50287.17 crore.
Smallcap and midcap indices outperformed the benchmark indices. BSE Midcap index was up 0.6% and the Smallcap index was up 1%.
RIL has acquired polyester assets of Malaysia-based Hualon. The stocks has reacted positively and in one of the most active counter today. Reliance was trading at Rs 1,986.00 up 1.25%.
ITC, NTPC, Ambuja Cements, Reliance Petro and BPCL were among the top gainers on the indices.
Sensex was up 6.41 points or 0.04% at 15596.83, and the Nifty down 1.65 points or 0.04% at 4507.85.
About 1779 shares have advanced, 1175 shares declined, and 67 shares are unchanged.
The BSE Midcap Index ended at 6,884.39 up 33 points or 0.48%.
The BSE Smallcap Index ended at 8,514.37 up 81 points or 0.96%.
The BSE Bankex was up 0.06% at 8,100.37. Kotak Mahindra, Andhra Bank, SBI, Bank of Baroda, Oriental Bank moved upwards.
The BSE Capital Goods Index was up 0.3% at 13,654.29. Bharat Bijlee, Jyoti Structure, Alstom Projects, Triveni Engg, Bharat Elec, ABB closed higher.
The BSE Health Care Index was up 0.4% at 3,720.81. Orchid Chemical, Glenmark, Sterling Bio, Ranbaxy Labs closed higher.
The BSE Auto Index closed at 4,900.37 up 0.22%. TVS Motor, Escorts, Apollo Tyres, Hind Motors surged.
The BSE Metal Index closed flat at 11,606.05. SAIL, Sesa Goa, NALCO, Jindal Steel, JindalStainless advanced higher.
The BSE IT Index lost 1.9% at 4,967.35. HCL Tech, Mphasis, Wipro, TCS, Infosys lower.
BSE Oil and Gas Index closed gained 1% to close at 8,259.93. Reliance Petro, Petronet LNG, BPCL, HPCL ended in green.
The BSE FMCG Index ended at 1,620.85 up 2%. ITC, United Spirits, Tata Tea, Godrej Consumer ended higher.
The NSE cash turnover was at Rs 8894.52 crore and the NSE F&O turnover was at Rs 37333.48 crore. The BSE cash turnover was Rs 4059.17 crore. Total market wide turnover was at Rs 50287.17 crore.
Source:moneycontrol.com
Friday, September 7, 2007
Markets Today
The markets ended the day with marginal losses on sccount of selling pressure seen in index pivotals. Also cues from global peers in Asia and the US markets were not very encouraging. Underperformance came from auto, metal and realty stocks followed by pharma, bank and oil & gas stocks.
Sensex was down 25.89 points or 0.17% at 15590.42, and the Nifty down 9.10 points or 0.20% at 4509.50.
About 1508 shares have advanced, 1420 shares declined, and 91 shares are unchanged.
The BSE Midcap Index ended at 6,851.65 up 0.03%.
The BSE Smallcap Index ended at 8,433.52 up 0.5%.
The BSE Bankex was down 0.2% at 8,095.69. Bank of Baroda, Kotak Mahindra, Bank of India, Axis Bank, SBI moved downwards.
The BSE Capital Goods Index was down 0.3% at 13,613.24. Triveni Engg, Alstom Projects, Suzlon Energy, Jyoti Structure, Lakshmi Machine, AIA Engineering closed lower.
The BSE Health Care Index was down 0.3% at 3,705.68. Nicholas Pirama, Cipla, Biocon, Aurobindo Pharm, Orchid Chemical closed lower.
The BSE Auto Index closed at 4,889.83 down 1%. Exide Industrie, Ashok Leyland, Mah and Mah, Tata Motors, TVS Motor closed higher.
The BSE Metal Index closed at 11,609.08 down 0.7%. JindalStainless, SAIL, Sterlite Ind, Sesa Goa closed lower.
The BSE FMCG Index closed at 2,046.63 up 0.7%. Marico, ITC, United Spirits, United Brewerie, Tata Tea closed lower.
BSE Oil and Gas Index closed at 8,185.77 down 0.6%. Reliance, Essar Oil, GAIL, HPCL, Reliance Petro ended in red.
The BSE IT Index slipped 0.1% at 4,659.70. Patni Computer, Mphasis, I-Flex Solution, HCL Tech closed lower.
The BSE realty Index lost 1% at 7,470.27. Unitech, Ansal Propertie, Mahindra Gesco, DLF closed lower.
The NSE cash turnover was at Rs 9966.22 crore and the NSE F&O turnover was at Rs 38666.44 crore. The BSE cash turnover was Rs 4869.79 crore. Total market wide turnover was at Rs 53502.45 crore.
Sensex was down 25.89 points or 0.17% at 15590.42, and the Nifty down 9.10 points or 0.20% at 4509.50.
About 1508 shares have advanced, 1420 shares declined, and 91 shares are unchanged.
The BSE Midcap Index ended at 6,851.65 up 0.03%.
The BSE Smallcap Index ended at 8,433.52 up 0.5%.
The BSE Bankex was down 0.2% at 8,095.69. Bank of Baroda, Kotak Mahindra, Bank of India, Axis Bank, SBI moved downwards.
The BSE Capital Goods Index was down 0.3% at 13,613.24. Triveni Engg, Alstom Projects, Suzlon Energy, Jyoti Structure, Lakshmi Machine, AIA Engineering closed lower.
The BSE Health Care Index was down 0.3% at 3,705.68. Nicholas Pirama, Cipla, Biocon, Aurobindo Pharm, Orchid Chemical closed lower.
The BSE Auto Index closed at 4,889.83 down 1%. Exide Industrie, Ashok Leyland, Mah and Mah, Tata Motors, TVS Motor closed higher.
The BSE Metal Index closed at 11,609.08 down 0.7%. JindalStainless, SAIL, Sterlite Ind, Sesa Goa closed lower.
The BSE FMCG Index closed at 2,046.63 up 0.7%. Marico, ITC, United Spirits, United Brewerie, Tata Tea closed lower.
BSE Oil and Gas Index closed at 8,185.77 down 0.6%. Reliance, Essar Oil, GAIL, HPCL, Reliance Petro ended in red.
The BSE IT Index slipped 0.1% at 4,659.70. Patni Computer, Mphasis, I-Flex Solution, HCL Tech closed lower.
The BSE realty Index lost 1% at 7,470.27. Unitech, Ansal Propertie, Mahindra Gesco, DLF closed lower.
The NSE cash turnover was at Rs 9966.22 crore and the NSE F&O turnover was at Rs 38666.44 crore. The BSE cash turnover was Rs 4869.79 crore. Total market wide turnover was at Rs 53502.45 crore.
Source:moneycontrol.com
Intraday Calls for 7th Sept.
Market is likely to open positive but may see some profit booking in second half. A flat closing expected.
Sensex Support 15440 Resistance 15700, 15868 (All Time High)
Nifty Support 4440 Resistance 4530, 4550
Buy for Intraday:
Escorts (104) Target 108-110 SL 101
Orbit Corp (502) Target 512+ SL 498
IDFC (132) Target 135+ SL 130
Tech Mahindra (1325) Target 1345-1355 SL 1315
REL (861) Target 880-885 SL 855
Mcleod Russel (60) Target 65+ SL 58
ALPS Industries (57.5) Target 60-62 SL 55 (Rec. on 10th Aug as delivery @ Rs. 44)
Tata Steel (693) Target 705 SL 688
Hind Oil Explo (106) Target 110 SL 104
Gujarat Industries Power (GIPCL) (76) Target 80+ SL 74
Other: Hotel Leela, BOB, Syndicate Bank.
Good Luck
Sensex Support 15440 Resistance 15700, 15868 (All Time High)
Nifty Support 4440 Resistance 4530, 4550
Buy for Intraday:
Escorts (104) Target 108-110 SL 101
Orbit Corp (502) Target 512+ SL 498
IDFC (132) Target 135+ SL 130
Tech Mahindra (1325) Target 1345-1355 SL 1315
REL (861) Target 880-885 SL 855
Mcleod Russel (60) Target 65+ SL 58
ALPS Industries (57.5) Target 60-62 SL 55 (Rec. on 10th Aug as delivery @ Rs. 44)
Tata Steel (693) Target 705 SL 688
Hind Oil Explo (106) Target 110 SL 104
Gujarat Industries Power (GIPCL) (76) Target 80+ SL 74
Other: Hotel Leela, BOB, Syndicate Bank.
Good Luck
Thursday, September 6, 2007
Intraday Calls for 06th Sept.
Market is likely to open nagetive with gap down as weakness in global market. But There is a chance of "U" turn and recovers smartly from lower levels so don't go short.
Sensex Support 15400, 15290 Resistance 15540
Nifty Support 4400, 4360 Resistance 4510.
Buy at lower levels for intraday.
Prithvi Info (305)
Selan Exploration (112)
Tech Mahindra (1286)
Aptech (318)
Hotel Leela (43.5)
Renuka Sugar (530)
Igate Global (232)
Zuari Industries (244)
GNFC (135)
Bharat Forge (273)
Nelcast (152)
Good Luck.
Sensex Support 15400, 15290 Resistance 15540
Nifty Support 4400, 4360 Resistance 4510.
Buy at lower levels for intraday.
Prithvi Info (305)
Selan Exploration (112)
Tech Mahindra (1286)
Aptech (318)
Hotel Leela (43.5)
Renuka Sugar (530)
Igate Global (232)
Zuari Industries (244)
GNFC (135)
Bharat Forge (273)
Nelcast (152)
Good Luck.
Wednesday, September 5, 2007
Views of Ashwani Gujral
Technical Analyst Ashwani Gujral is positive on India Cements, ACC Cement and Dena Bank.
Hereฤบs how Ashwani Gujral views the stocks on board:
On fertilizers:
Nagarjuna Fertilizers has sort of achieved a target of Rs 42. The next target here could be Rs 49.
For Chambal Fertilizer, a target of Rs 63 is possible and Deepak Fertilizer also looks good.
These fertilizers stocks have never moved like this in the past. So, I think a lot of under ownership is probably there and lot of people are getting interested. So, these could have much more way to go than people expect right now.
On India Cements:
India Cements has now broken through the key resistance of Rs 240-245. You could probably be looking at levels of about Rs 350 on India Cements. That looks the strongest of the cements stocks.
On ACC Cement:
For ACC, Rs 1,150 is a historical kind of resistance. Historically, September to March has been a golden period for cement. That should hold even this time because construction picks up, so cement is a good sector to be into.
Grasim also looks good for about Rs 3,350 next. A lot of these cement stocks have consolidated quite well and are now beginning to make their upmoves.
On Dena Bank:
Dena Bank is probably the strongest of the double-digit banks. It has got support at around Rs 50-55 and could be headed to Rs 72.
On Essar Steel:
Essar steel is not something I track, but most other large steel stocks like Tata steel, SAIL and JSW are headed towards new highs, if they havenฤบt already hit them.
Tata Steel looks strongest, with Rs 730 as the next resistance. Once that is taken out, you could see almost a couple of Rs 100 on Tata Steel.
On Reliance Energy:
Rs 820 was a previous all time high, so once we get past that, you could easily see Rs 960-980 on Reliance Energy.
Its broken out with very heavy volumes and all Reliance stocks are looking very good.
On DLF:
DLF is showing strength, even while the market came down. It held the Rs 540-550 kind of level and looks poised to get back up to Rs 700. But it is not my favorite sector.
It is not outperforming. Just one or two stocks tend to show flashes of up move, but overall its not showing a lot of strengths.
Hereฤบs how Ashwani Gujral views the stocks on board:
On fertilizers:
Nagarjuna Fertilizers has sort of achieved a target of Rs 42. The next target here could be Rs 49.
For Chambal Fertilizer, a target of Rs 63 is possible and Deepak Fertilizer also looks good.
These fertilizers stocks have never moved like this in the past. So, I think a lot of under ownership is probably there and lot of people are getting interested. So, these could have much more way to go than people expect right now.
On India Cements:
India Cements has now broken through the key resistance of Rs 240-245. You could probably be looking at levels of about Rs 350 on India Cements. That looks the strongest of the cements stocks.
On ACC Cement:
For ACC, Rs 1,150 is a historical kind of resistance. Historically, September to March has been a golden period for cement. That should hold even this time because construction picks up, so cement is a good sector to be into.
Grasim also looks good for about Rs 3,350 next. A lot of these cement stocks have consolidated quite well and are now beginning to make their upmoves.
On Dena Bank:
Dena Bank is probably the strongest of the double-digit banks. It has got support at around Rs 50-55 and could be headed to Rs 72.
On Essar Steel:
Essar steel is not something I track, but most other large steel stocks like Tata steel, SAIL and JSW are headed towards new highs, if they havenฤบt already hit them.
Tata Steel looks strongest, with Rs 730 as the next resistance. Once that is taken out, you could see almost a couple of Rs 100 on Tata Steel.
On Reliance Energy:
Rs 820 was a previous all time high, so once we get past that, you could easily see Rs 960-980 on Reliance Energy.
Its broken out with very heavy volumes and all Reliance stocks are looking very good.
On DLF:
DLF is showing strength, even while the market came down. It held the Rs 540-550 kind of level and looks poised to get back up to Rs 700. But it is not my favorite sector.
It is not outperforming. Just one or two stocks tend to show flashes of up move, but overall its not showing a lot of strengths.
Source:moneycontrol.com
Intraday Calls for 5th Sept.
Market is likely to open positive but again a volatile day and profit booking at higher levels.
Nifty Support 4440, 4400 Resistance 4500, 4530.
Sensex Support 15450, 15280 Resistance 15590, 15750.
Buy for Intraday:
India Cement (268) Target 278-280 SL 265
ACC (1100 ) Target 1120 SL 1090
NTPC (181) Target 185-188 SL 178
DLF (623) Target 630-635 SL 518
Orchid Chemical (208) Target 215 SL 205
SKumar Nation (110) Target 115 SL 107
JP Associates (915) Target 925-930 SL 910
REL (823) Target 835 SL 818
Prithvi Info (294) Target 305 SL 290
Others: Reliance (1970) RNRL (49), Spentax (32.5), Gabriel (25), Nagarjun Fert. (42), Hotel Leela (44).
Good Luck.
Nifty Support 4440, 4400 Resistance 4500, 4530.
Sensex Support 15450, 15280 Resistance 15590, 15750.
Buy for Intraday:
India Cement (268) Target 278-280 SL 265
ACC (1100 ) Target 1120 SL 1090
NTPC (181) Target 185-188 SL 178
DLF (623) Target 630-635 SL 518
Orchid Chemical (208) Target 215 SL 205
SKumar Nation (110) Target 115 SL 107
JP Associates (915) Target 925-930 SL 910
REL (823) Target 835 SL 818
Prithvi Info (294) Target 305 SL 290
Others: Reliance (1970) RNRL (49), Spentax (32.5), Gabriel (25), Nagarjun Fert. (42), Hotel Leela (44).
Good Luck.
Tuesday, September 4, 2007
Markets Today
The markets ended flat on account of lack of buying interest in scrips across sectors. selective buying was seen in realty, pharma and IT stocks. However, FMCG, consumer durables and auto stocks were trading weak.
Broader markets outperformed the benchmark indices, BSE Midcap was up 0.5% and BSE smallcap was up 0.8%.
Top gainers on the indices are Cipla, Relaince Energy, Tata Power, Grasim and Infosys.
Top losers on the indices are NTPC, BHEL, Zee Entertainment, Hindalco, BPCL, Tata Motors and ITC.
Sensex was up 43.35 points or 0.28% at 15465.40, and the Nifty up 4.50 points or 0.10% at 4479.25.
About 1867 shares have advanced, 1086 shares declined, and 66 shares are unchanged.
The BSE Midcap Index ended at 6,753.85 up 34 points or 0.50%.
The BSE Smallcap Index ended at 8,266.69 up 72 points or 0.9%.
The BSE Capital Goods Index was closed at 13,632.61 up 0.3%. Jyoti Structure, Reliance Infra, Carborundum, Bharat Bijlee, Thermax closed higher.
The BSE Auto Index closed closed at 4,864.74 down 0.7%. Amtek Aut, Hind Motors, Tata Motors, Bajaj Auto , TVS Motor ended in the red.
The BSE Metal Index closed at 11,578.57 down 05%. Hindalco, JindalStainless, Tata Steel, SAIL declined.
The BSE FMCG Index lost 0.4% at 1,994.24. Colgate, Nestle, ITC, Tata Tea, Dabur India ended in red.
BSE Oil and Gas Index closed at 8,187.54 up 0.4%. IOC, Reliance Natura, HPCL, GAIL, Reliance closed in green.
The BSE IT Index closed at 4,625.84 up 0.4%. TCS and Infosys closed higher.
The BSE Bankex was up 0.2% at 8,006.58. Axis Bank, IOB, Union Bank, Oriental Bank, Centurion Bank closed higher.
BSE Realty index was up 2% at 7,462.48. Omaxe, Peninsula Land, Anant Raj Ind, Ansal Propertie, Unitech were the top gainers
The NSE cash turnover was at Rs 10553.30 crore and the NSE F&O turnover was at Rs 39013.75 crore. The BSE cash turnover was Rs 5003.60 crore. Total market wide turnover was at Rs 54570.65 crore.
Source: Moneycontrol.com
Broader markets outperformed the benchmark indices, BSE Midcap was up 0.5% and BSE smallcap was up 0.8%.
Top gainers on the indices are Cipla, Relaince Energy, Tata Power, Grasim and Infosys.
Top losers on the indices are NTPC, BHEL, Zee Entertainment, Hindalco, BPCL, Tata Motors and ITC.
Sensex was up 43.35 points or 0.28% at 15465.40, and the Nifty up 4.50 points or 0.10% at 4479.25.
About 1867 shares have advanced, 1086 shares declined, and 66 shares are unchanged.
The BSE Midcap Index ended at 6,753.85 up 34 points or 0.50%.
The BSE Smallcap Index ended at 8,266.69 up 72 points or 0.9%.
The BSE Capital Goods Index was closed at 13,632.61 up 0.3%. Jyoti Structure, Reliance Infra, Carborundum, Bharat Bijlee, Thermax closed higher.
The BSE Auto Index closed closed at 4,864.74 down 0.7%. Amtek Aut, Hind Motors, Tata Motors, Bajaj Auto , TVS Motor ended in the red.
The BSE Metal Index closed at 11,578.57 down 05%. Hindalco, JindalStainless, Tata Steel, SAIL declined.
The BSE FMCG Index lost 0.4% at 1,994.24. Colgate, Nestle, ITC, Tata Tea, Dabur India ended in red.
BSE Oil and Gas Index closed at 8,187.54 up 0.4%. IOC, Reliance Natura, HPCL, GAIL, Reliance closed in green.
The BSE IT Index closed at 4,625.84 up 0.4%. TCS and Infosys closed higher.
The BSE Bankex was up 0.2% at 8,006.58. Axis Bank, IOB, Union Bank, Oriental Bank, Centurion Bank closed higher.
BSE Realty index was up 2% at 7,462.48. Omaxe, Peninsula Land, Anant Raj Ind, Ansal Propertie, Unitech were the top gainers
The NSE cash turnover was at Rs 10553.30 crore and the NSE F&O turnover was at Rs 39013.75 crore. The BSE cash turnover was Rs 5003.60 crore. Total market wide turnover was at Rs 54570.65 crore.
Source: Moneycontrol.com
Monday, September 3, 2007
Intraday Calls for 3rd Sept.
Market may open with positive but some profit booking can be seen at higher levels and can correct from higher levels.
Nifty Support 4440, 4390 and Resistance 4490, 4510
Sensex Support 15260, 15180 and Resistance 15380, 15450.
Buy for Intraday:
IDBI (124) Target 127-130 SL 122 (Ultimate Target 135+ in Very Very Short Term)
IFCI (65) Target 67-68 SL 63
IndiaBulls (537) Target 550+ SL 532
IB Realest (494) Target 505 SL 486
Unitech (240) Target 245+ SL 236
Reliance Petro (115) Target 118-120 SL 113
Deep Industries(97) Target 101 SL 95
Opto Circuits (454) Target 465 SL 448
Others: Soma Textile (29), ALPS Ind (46), Vaibhav Gems (223), HFCL (20), BRFL (227),
Bhushan Steel (760)
Good Luck.
Nifty Support 4440, 4390 and Resistance 4490, 4510
Sensex Support 15260, 15180 and Resistance 15380, 15450.
Buy for Intraday:
IDBI (124) Target 127-130 SL 122 (Ultimate Target 135+ in Very Very Short Term)
IFCI (65) Target 67-68 SL 63
IndiaBulls (537) Target 550+ SL 532
IB Realest (494) Target 505 SL 486
Unitech (240) Target 245+ SL 236
Reliance Petro (115) Target 118-120 SL 113
Deep Industries(97) Target 101 SL 95
Opto Circuits (454) Target 465 SL 448
Others: Soma Textile (29), ALPS Ind (46), Vaibhav Gems (223), HFCL (20), BRFL (227),
Bhushan Steel (760)
Good Luck.
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