Friday, June 29, 2007

Markets Today


The markets ended the day on a strong note with buying seen in scrips across sectors. Capital goods, banking, IT, cement and sugar stocks were among the top gainers. The broader markets did extremely well during the day as well as week giving markets an excellent breadth. The turnover was brisk. Except for metal, all the sectoral indices closed in green.
Sensex was up 145.94 points or 1.01% at 14650.51, and the Nifty up 36.30 points or 0.85% at 4318.3.
About 1452 shares have advanced, 1091 shares declined, and 89 shares are unchanged.
On a weekly basis, Sensex was up nearly 1.2% and Nifty was up 1.5%. Even on a weekly basis
banking index gave a standout performance.
RPL was up 15%, ACC was up 9% and Suzlon was up 8% were among the top gainers during the week.
The BSE Midcap Index ended at 6,527.03 up 69.03 points or 1.07%.
The BSE Smallcap Index ended at 7,730.40 up 68.30 points or 0.9%.
The BSE Bankex was up 2.9% at 8,009.94. Oriental Bank, PNB, Kotak Mahindra, Andhra
Bank, HDFC Bank, UTI Bank moved upwards.
The BSE Capital Goods Index was up 1.9% at 12,299.36. Triveni Engg, ABB, Kirloskar Oil, BHEL, Punj Lloyd, Larsen, Praj Industries closed higher.
The BSE
Health Care Index was up 1% at 3,805.70. Nicholas Pirama, Cipla, Panacea Biotech, Aurobindo Pharm, Sterling Bio closed higher.
The BSE Auto Index closed at 4,739.57up 0.5%. Exide Industrie, Mah and Mah, Bajaj Auto, Escorts.
The BSE FMCG Index gained 0.35% at 1,829.33. United Spirits, Godrej Consumer, Tata Tea, Britannia closed higher.
BSE
Oil and Gas Index closed at 7,626.66 up 0.4%. Reliance Natura, Essar Oil, Petronet LNG, HPCL ended in green.
The BSE IT Index closed at 4,870.73 up 0.6%. Financial Tech, I-Flex Solution, Mphasis, Patni Computer closed higher.
The BSE Metal Index closed at 10,605.00 down 0.3%.
The NSE cash turnover was at Rs 10661.63 crore and the NSE F&O turnover was at Rs 35463.65 crore. The BSE
cash turnover was Rs 4820.88 crore. Total market wide turnover was at Rs 50946.16 crore.
Source: moneycontrol.com

Intraday Calls for 29th June

Nifty: Supports are 4260, 4230 and Resistance are 4292, 4300
Sensex: Supports is 14400 and Resistance are 14550, 14575.

Market opens flat to positive, some profit booking can be seen but remain flat.

Buy Eastern Silk @ Rs. 300/- Target Rs. 310+ SL Rs. 294/-
Buy Premier Explosive @ Rs. 55/- Target Rs. 58-60/- SL Rs. 52/-
Buy Moser Baer @ Rs. 455/- Target Rs. 465-470/- SL Rs. 450/-
Buy NDTV @ Rs. 420/- Target Rs. 430+ SL Rs. 415/-
Buy Mysore Cement @ Rs. 53/- Target Rs. 60/- SL Rs. 50/-

Others Are RNRL (36), Lok Housing (147), Unitech (495), Subhash Projects (232), Ceturty Textiles (676),

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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