Thursday, July 5, 2007

Market Rumours

There is market rumour that a big upmove expected in coming days in these stocks:

Nelcast (179)
HOPFL (300)
REL (590).
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Delivery Picks

These are some short term delivery picks. All are fundamently very good companies and Technically very undervalued. These co. still not participate in this bull run and may bounce any time. So buy it for good return from current levels.

Buy Nagarjuna Fert. @ CMP around Rs. 23/- Target Rs. 28-30/- (short term).
Buy Bhagyanagar India @ CMP around Rs. 42/- Target Rs. 60+ (Short term)
Buy KPIT Cummins @ CMP around Rs. 136/- Target Rs. 155+ (Short term)


Good Luck.
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Markets Today

The markets ended flat but were off day's low on account of buying support from select auto and capital good stocks. The broader markets underperformed the frontline benchmark indices and ended in deep red. Pharma, realty, cement, IT and oil & gas were among the top losers on the indices. On the primary market front, today's big listing made a quiet debut on the bourses and ended with 8% premium.
Sensex was down 18.35 points or 0.12% at 14861.89, and the Nifty down 5.35 points or 0.12% at 4353.95.
About 904 shares have advanced, 1602 shares declined, and 62 shares are unchanged.
The BSE Midcap Index ended at 6,605.85 down 40 points or 0.60%.
The BSE Smallcap Index ended at 7,796.02 down 60 points or 0.8%.
The BSE Capital Goods Index was up 0.4% at 12,618.94. L&T, Thermax, AIA Engineering, Areva T&D, Greaves Cotton closed higher.
The BSE Health Care Index was down 0.7% at 3,838.54. Ranbaxy Labs, Biocon, Orchid Chemical, Cadila Health, Lupin closed lower.
The BSE Auto Index closed closed at 4,881.94 up 0.9%. Cummins, Mah and Mah, TVS Motor, Maruti Udyog, MRF ended in the green.
The BSE Metal Index closed at 10,816.64 up 0.4%. Shree Precoated, Hindalco, Jindal Saw, SAIL advanced.
The BSE FMCG Index lost 0.4% at 1,854.80. Bata India, Tata Tea, United Spirits, GlaxoSmith Con, Dabur India closed lower.
BSE Oil and Gas Index closed lower at 7,616.99 down 0.2%. IOC, Petronet LNG, Essar Oil, Reliance Petro ended in green.
The BSE IT Index lost 1% at 4,791.99. Patni Computer, Mphasis, Satyam, I-Flex Solution, Financial Tech closed weak.
The BSE Bankex was up 0.4% at 7,427.55. UTI Bank, Centurion BoP, ICICI Bank, Union Bank closed higher.
The NSE cash turnover was at Rs 14204.94 crore and the NSE F&O turnover was at Rs 41247.62 crore. The BSE cash turnover was Rs 6494.24 crore. Total market wide turnover was at Rs 61946.8 crore.
Source: moneycontrol.com
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Intraday Calls for 5th July

Nifty support 4300 and Resitance are 4365, 4380.

Buy Hind Zinc @ Rs. 722/- Target Rs. 735-740/- SL Rs. 716/-
Buy Ansal Infra @ Rs. 310/- Target Rs. 320/- SL Rs. 305/-
Buy Mahindra Gesco @ Rs. 575/- Target Rs. 585-590/- SL Rs. 570/-
Buy Tata Steel @ Rs. 616/- Target Rs. 625/- SL Rs. 610/-
Buy Jyoti Structure @ Rs. 196/- Target Rs. 205/- SL Rs. 192/-

Others are: Vardhman Textile (177), Ruchi Soya (405), Madhucon Projects (240), Nagarjuna Fert. (23), Paramount Communication (38).

Good Luck
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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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