Tuesday, July 10, 2007

Markets Today

The markets ended on in red with moderate losses on the back of weak cues from Asia and Europe. Selective buying was seen in auto and IT stocks. The broader markets also closed weak inline with the benchmark indices.
Selling pressure was seen in capital goods, banking and oil & gas stocks.
Tata Motors, Maruti Udyog, HUL, Dabur India and nalco were among the top gainers on the indices.
Reliance Communication, HDFC Bank, SBI, Hero Honda, HPCL were among the top losers on the indices.
Sensex was down 35.85 points or 0.24% at 15009.88, and the Nifty down 13.35 points or 0.30% at 4406.05.
About 1142 shares have advanced, 1445 shares declined, and 78 shares are unchanged.
The BSE Midcap Index ended at 6,665.60 down 18 points or 0.30%.
The BSE Smallcap Index ended at 8,009.66 down 10 points or 0.13 %.
The BSE Capital Goods Index was down 1.1% at 12,760.17. Thermax, Suzlon Energy, Reliance Infra, Kalpataru Power, Alstom Projects closed lower.
The BSE Health Care Index closed flat at 3,843.75. Aventis Pharma, Sun Pharma, Nicholas Pirama, Novartis India, Lupin closed lower.
The BSE Auto Index closed closed at 4,945.84 up 1.2%. Escorts, Tata Motors, Bharat Forge, Maruti Udyog ended in the green.
The BSE Metal Index closed at 10,942.38 up 0.7%. JSW Steel, NALCO, SAIL, Tata Steel, Mah Seamless, Jindal Steel advanced.
The BSE FMCG Index lost 0.3% at 1,839.08. Marico, P and G, ITC, Britannia, Godrej Consumer closed lower.
BSE Oil and Gas Index closed lower at 7,615.96 down 0.5%. HPCL, GAIL, Petronet LNG, Reliance Petro, IOC ended in red.
The BSE IT Index gained 0.8% at 5,036.99. Tech Mahindra, Infosys, Satyam, TCS, HCL Tech closed higher.
The BSE Bankex was down 0.9% at 8,104.09. Canara Bank, Andhra Bank, Union Bank, HDFC Bank closed lower.
BSE Realty index was up 0.6%.
The NSE cash turnover was at Rs 10702.89 crore and the NSE F&O turnover was at Rs 32720.71 crore. The BSE cash turnover was Rs 5092.42 crore. Total market wide turnover was at Rs 48516.02 crore.
Source: Moneycontrol.com

Intraday Tips for 10th July

Nifty Support 4390, 4370 and Resistance 4450.
Sensex Support 14950, 14890 and Resistance 15100, 15138.

Market should open positive but may see resistance in mid session. Market can correct a bit.

Buy Kei Industries @ Rs.91/- Target Rs. 95-98/- SL Rs. 87/-
Buy Nelcast @ Rs. 182/- Target Rs. 190/- SL Rs. 178/-
Buy DCB @ Rs. 109/- Target Rs. 115/- SL Rs. 105/-
Buy Gitanjali Gems @ Rs. 207/- Target Rs. 212-215/- SL Rs. 204/-
Buy Hindustan Lever @ Rs. 196/- Target Rs. 200-204/- SL Rs. 194/-
Buy Hind Oil Explo @ Rs. 129/- Target Rs. 135-140/- SL Rs. 125/- (Short Term Target Rs. 150/-)
Buy Selan Explo @ Rs. 100/- Target Rs. 105-108/- SL Rs. 95/-
Buy Shivam Auto @ Rs. 130/- Target Rs. 135-138/- SL Rs. 125/-

Others are: Zuari Industries(182), Nagarjun Construction(202), IVRCL(396), Ess Dee Alum(498), Andhra Bank(89), BOB,(278), Corporation Bank(340).

Short Sell: Emkay Shares, DLF, Vishal Retail.

Good Luck.

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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