Tuesday, May 29, 2007
Markets Today
Except for IT and FMCG all the BSE sector indices closed in green. There was lot of action in individual midcaps from metal space like Ispat, real estate stocks like Orbit and brokerage and financial services stock.
L&T came out with fourth quarter results and BHEL which will get ex-bonus shortly were the top gainers.
With F&O expiry coming Nifty rollover was 38%, frontliners like Cipla with 51% rollover and Reliance Communication with 45%. Among the active midcaps with over 50% rollover were RNRL, RPL, IFCI.
Sensex is up 110.32 points or 0.77% at 14508.21, and the Nifty up 36.70 points or 0.86% at 4293.25.
About 1328 shares have advanced, 1194 shares declined, and 102 shares are unchanged.
The BSE Midcap index ended at 6,254.51 up 48 points or 0.8%.
The BSE Smallcap Index ended at 7,388.33 up 54 points or 0.7%.
The BSE Bankex was up 0.5% at 7,600.79. IOB, Centurion BoP, HDFC Bank, UTI Bank, SBI moved upwards.
The BSE Capital Goods Index was up 2.8% at 10,896.14. BHEL, Crompton Greave, Carborundum, HEG, L&T closed higher.
The BSE Health Care Index was up 1.7% at 3,857.53. Novartis India, Orchid Chemical, Cipla, Sterling Bio, Sun Pharma closed higher.
The BSE Metal Index closed at 10,494.25 up 0.4%. Welspun Guj, Jindal Saw, JSW Steel, Tata Steel, Jindal Steel advanced higher.
The BSE FMCG Index down 0.2% at 1,914.25. Tata Tea, GlaxoSmith Con, United Spirits, Nestle closed lower.
BSE Oil and Gas Index closed higher at 7,792.63 up 1.2%. Petronet LNG, Reliance Natura, Reliance, ONGC ended in green.
The BSE IT Index lost 0.1% at 4,908.15. Hexaware Tech, Infosys, HCL Info were among the top losers
The BSE Auto Index closed at 4,957.53 up 0.8%. Mah and Mah, MRF, Sundram, Punj Tractors, Bharat Forge closed higher.
The NSE cash turnover was at Rs 9321.99 crore and the NSE F&O turnover was at Rs 43290.08 crore. The BSE cash turnover was Rs 4576.77 crore. Total market wide turnover was at Rs 57188.84 crore.
Intraday Calls for 29th May
Sensex: Supports are 14350 14300 and Resistance are 14440 and 14500. (if breaks 14500 then it will make new highs soon)
Buy Andhra Bank @ 91/- Target Rs. 95/- SL Rs. 89/-
Buy Unitech above Rs. 600/- target Rs. 620-630/- SL Rs. 590/-
Buy Bharati Shipyard @ Rs. 435/- Target Rs. 445-450/- SL Rs. 430/- (New contract from Germany)
Buy Gokaldas Export @ 221/- Target Rs. 230/- SL Rs. 218/- (Fresh Breakout & Good Results)
Buy Paramount Communication @ Rs. 31-32/- Target Rs. 35-37/- SL Rs. 30/-
Buy Cinemax @ Rs.154/- Target Rs. 160-165/- SL Rs. 151/-\
Others Buy are Advanta(1000), Autoline Industries(228), Carborundum Universal (Above Rs. 168/-), Punj Llyod(193), RNRL(36), RIL (Resistance at 1730)
Be carefull as high volatility can be seen in today's trade.
Disclaimer
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