Friday, May 25, 2007

Markets Today

The markets closed on an impressive note outperforming most of its Asian peers. After opening with a gap down of around 170 points, it showed smart recovery and ended the day with good gains. The uptrend was boosted by capital goods, IT and FMCG goods. Suzlon was the star of the day after it bagged the RePower deal. Suzlon now controls over 60% of REPower both direct & indirect.
The Asian markets slipped tracking the US markets. Other than Shanghai Composite all the Asian indices ended in red.
Sensex ended up 120.34 points or 0.85% at 14338.45, and the Nifty was up 43.25 points or 1.03% at 4248.15. About 1373 shares have advanced, 1142 shares declined, and 87 shares are unchanged.
Tata Tea has gained over 4.5% after Coca Cola board approved purchase of Glaceau for USD 4.2 bn. Tata Tea bought 30% stake in Glaceau last year for USD 677 mn
The BSE Midcap Index ended at 6,143.14 up 42.67 points or 0.7%.
The BSE Smallcap Index ended at 7,265.92 up 64.17 points or 0.89%.
The BSE Capital Goods Index was up 2.53% at 10,512.75. Carborundum, SKF India, Larsen, BEML and KEC Infrastructure closed higher.
The BSE Health Care Index was up 0.20% at 3,746.02. Glenmark, Orchid Chemical, Ipca Labs, Nicholas Pirama and Wyeth closed higher.
The BSE Auto Index closed at 4,860.08 up 0.38%. Tata Motors, Bharat Forge, Punj Tractors, Sundaram-Clayto surged.
The BSE Metal Index closed at 10,472.80 up 0.10%. JindalStainless, Sterlite Industries, Jindal Steel, Guj NRE Coke and Jindal Saw advanced higher.
The BSE FMCG Index gained 0.53% at 1,912.09. Tata Tea, Shaw Wallace, P and G, Nirma and Britannia closed higher.
BSE Oil and Gas Index closed higher at 7,685.32 up 0.39%. O Reliance Natural, GAIL, ONGC and Petronet LNG ended in green.
The BSE IT Index gained 2.49% at 4,959.36. Patni Computer, HCL Tech, Satyam, Infosys and Mphasis closed higher.
The BSE Bankex was down 0.16% at 7,467.38.However, Federal Bank, Oriental Bank, Allahabad Bank, SBI, Bank of Baroda moved upwards.
The NSE cash turnover was at Rs 9813.65 crore and the NSE F&O turnover was at Rs 42530.32 crore. The BSE cash turnover was Rs 5023.46 crore. Total market wide turnover was at Rs 57367.43 crore.
On the macroeconomic front, inflation for the week ended may 12 at 5.27% versus 5.44%; market estimated at 5.22%.
Source: moneycontrol.com

Intraday Calls for 25th May

The Sensex could see support at 14,131 further fall, while could face resistance at 14,347 on a rebound. Nifty has immediate resistance at 4225-4242 and then at 4267. On the downside, Nifty has support at 4186-4168 and further below at 4132.

Buy NTPC on decline around Rs. 158-160/- Target Rs. 165/- SL Rs. 155/-
Buy BOB on decline around Rs. 260-265/- Target Rs. 270-275/- SL Rs. 255/-
Buy Andhra Bank around Rs. 86-87/- Target Rs. 92/- SL Rs. 84/-
Buy TVS Motor around Rs. 66/- Target Rs. 69-72/- SL Rs. 64/-
Buy Agro Tech Food around Rs. 125/- Target Rs. 132-135/- SL Rs. 120/-

Others are Accentia Technologies Ltd (Rs. 80 Cr. new order), RNRL, Sterlite Optical, BPCL (Super Duper Results), Reliance Energy, Orbit Crop. all are buys on decline as market will open negative.

Disclaimer

The information in this publication is provided by http://www.moneybazzar.blogspot.com/ is intended for use for Readers & Traders . Every effort is made to provide accurate information, but http://www.moneybazzar.blogspot.com/ cannot guarantee the accuracy of the information or of the market analysis. This is a newsletter and is for informational purposes only. It is not a solicitation or offer to buy or sell futures. There is a high risk of loss in trading futures. You should not trade with money that you cannot afford to lose. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this newsletter. The past performance of any trading system or methodology is not necessarily indicative of future results.



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