Amar Remedies CMP Rs. 35.75/- It can bounce anytime and will touch Rs. 50/-
Hindalco CMP Rs. 143/- It will touch its 52 week high (194.8) in coming months and make new highs.
UTV Software CMP Rs. 484/- will be in four figure price by the March 2008.
Monday, May 28, 2007
Markets Today
The markets gave up their gains and ended with modest gains on account of profit booking that set in during the last hour of trade. It opened strong and traded firm for better part of the day but failed to sustain its position at the higher level.
With rupee hitting new highs, the IT stocks continue to struggle. TCS CFO has said that Q1FY08 average rupee rate is seen below 41per USD.IT majors like Wipro, Infosys and Satyam were among the top losers. Metal stocls like SAIL and Sterlite Industries also contributed to the fall.
Buying interest was seen in banking, auto and pharma stocks. HDFC Bank, GSK, L&T, Ambuja Cements, Dabur India were among the top gainers.
Unitech has declared strong numbers for FY07 and the stock was up over 8%. Its board has approved 1:1 bonus issue.
India Infoline was the star performer in todays trade which surged nearly 30% on the back of its entry into institutional segment.
Sensex was up 59.44 points or 0.41% at 14397.89, and the Nifty up 8.40 points or 0.20% at 4256.55.
About 1438 shares have advanced, 1080 shares declined, and 96 shares are unchanged.
The BSE Midcap Index ended at 6,206.70 up 1.03%.
The BSE Smallcap Index ended at 7,334.64 up 68.72 points or 1%.
The BSE Bankex was up 1.39% at 7,564.08. Andhra Bank, HDFC Bank, Allahabad Bank, Bank of Baroda, Oriental Bank moved upwards.
The BSE Capital Goods Index was up 0.8% at 10,598.38. Thermax, Ingersoll Rand, Crompton Greave, KEC Infrastruct, Larsen, Bharat Elec closed higher.
The BSE Health Care Index was up 1.3% at 3,793.09. GlaxoSmithKline, Divis Labs, Pfizer, Sterling Bio, Wockhardt closed higher.
The BSE Auto Index closed at 4,917.90 up 1.2%. MRF, TVS Motor, MICO, Tube Investment, Amtek Auto closed in the red.
The BSE Metal Index closed at 10,454.88 down 0.2%. SAIL, Sterlite Ind, JSW Steel, JindalStainless, Hind Zinc declined.
The BSE FMCG Index gained 0.3% at 1,918.50. United Spirits, GlaxoSmith Con, Britannia, Tata Tea closed higher.
BSE Oil and Gas Index closed higher at 7,701.07 up 0.2%. Chennai Petro, Reliance Natura, GAIL, Petronet LNG ended in green.
The BSE IT Index lost 0.9% at 4,915.25. HCL Tech, I-Flex Solution, Infosys, Satyam, Wipro closed lower.
The NSE cash turnover was at Rs 9300.3 crore and the NSE F&O turnover was at Rs 39304.2 crore. The BSE cash turnover was Rs 4194.04 crore. Total market wide turnover was at Rs 52798.54 crore.
With rupee hitting new highs, the IT stocks continue to struggle. TCS CFO has said that Q1FY08 average rupee rate is seen below 41per USD.IT majors like Wipro, Infosys and Satyam were among the top losers. Metal stocls like SAIL and Sterlite Industries also contributed to the fall.
Buying interest was seen in banking, auto and pharma stocks. HDFC Bank, GSK, L&T, Ambuja Cements, Dabur India were among the top gainers.
Unitech has declared strong numbers for FY07 and the stock was up over 8%. Its board has approved 1:1 bonus issue.
India Infoline was the star performer in todays trade which surged nearly 30% on the back of its entry into institutional segment.
Sensex was up 59.44 points or 0.41% at 14397.89, and the Nifty up 8.40 points or 0.20% at 4256.55.
About 1438 shares have advanced, 1080 shares declined, and 96 shares are unchanged.
The BSE Midcap Index ended at 6,206.70 up 1.03%.
The BSE Smallcap Index ended at 7,334.64 up 68.72 points or 1%.
The BSE Bankex was up 1.39% at 7,564.08. Andhra Bank, HDFC Bank, Allahabad Bank, Bank of Baroda, Oriental Bank moved upwards.
The BSE Capital Goods Index was up 0.8% at 10,598.38. Thermax, Ingersoll Rand, Crompton Greave, KEC Infrastruct, Larsen, Bharat Elec closed higher.
The BSE Health Care Index was up 1.3% at 3,793.09. GlaxoSmithKline, Divis Labs, Pfizer, Sterling Bio, Wockhardt closed higher.
The BSE Auto Index closed at 4,917.90 up 1.2%. MRF, TVS Motor, MICO, Tube Investment, Amtek Auto closed in the red.
The BSE Metal Index closed at 10,454.88 down 0.2%. SAIL, Sterlite Ind, JSW Steel, JindalStainless, Hind Zinc declined.
The BSE FMCG Index gained 0.3% at 1,918.50. United Spirits, GlaxoSmith Con, Britannia, Tata Tea closed higher.
BSE Oil and Gas Index closed higher at 7,701.07 up 0.2%. Chennai Petro, Reliance Natura, GAIL, Petronet LNG ended in green.
The BSE IT Index lost 0.9% at 4,915.25. HCL Tech, I-Flex Solution, Infosys, Satyam, Wipro closed lower.
The NSE cash turnover was at Rs 9300.3 crore and the NSE F&O turnover was at Rs 39304.2 crore. The BSE cash turnover was Rs 4194.04 crore. Total market wide turnover was at Rs 52798.54 crore.
Source: moneycontrol.com
Intraday Calls for 28th May
Nifty: Support are 4215 , 4175, Above 4255 next Resistance are 4289 and 4330.
Sensex: Support 14250, Resistance are 14453 and 14500.
Buy TCS @ Rs. 1230/- Target Rs. 1245-1255/- SL Rs. 1222/- (Ultimate 1300+)
Buy Wipro @ Rs. 542/- Target Rs. 550-552/- SL Rs. 538/-
Buy NTPC @ Rs. 163/- Target Rs. 165-168/- SL Rs. 160/-
Buy OTL @ Rs. 28/- Target Rs. 30-32/- SL Rs. 26/-
Buy Carborundum Universal @ Rs. 174/- Target Rs. 182-185/- SL Rs. 170/-
Buy IDEA Above Rs. 127/- Target Rs. 130/- SL Rs. 125/-
Others buy are Redington(195), Karur KCP(58), Cinemax(145), Jupiter Bio(171) & Manugraph (148)
Sensex: Support 14250, Resistance are 14453 and 14500.
Buy TCS @ Rs. 1230/- Target Rs. 1245-1255/- SL Rs. 1222/- (Ultimate 1300+)
Buy Wipro @ Rs. 542/- Target Rs. 550-552/- SL Rs. 538/-
Buy NTPC @ Rs. 163/- Target Rs. 165-168/- SL Rs. 160/-
Buy OTL @ Rs. 28/- Target Rs. 30-32/- SL Rs. 26/-
Buy Carborundum Universal @ Rs. 174/- Target Rs. 182-185/- SL Rs. 170/-
Buy IDEA Above Rs. 127/- Target Rs. 130/- SL Rs. 125/-
Others buy are Redington(195), Karur KCP(58), Cinemax(145), Jupiter Bio(171) & Manugraph (148)
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