Friday, July 13, 2007

Markets Today

The markets ended the week on an extremely strong note taking cues from strong Asian markets. The turnover was brisk but the smallcap and midcaps underperformed the benchmark indices. The star sector was metals, the BSE Metal index ended up over 4.5%.
Except for pharma and realty all the other BSE indices ended in green.
Hindalco, Tata Steel, Sterlite Ind, Reliance, Zee, BHEL, Larsen, ITC, Tata Motors, HDFC are among the top gainers on indices.
Sensex closed at15272 up 180 points and the Nifty closed up 58 points at 4504.
The BSE Midcap Index ended at 6,795.30 up 13 points or 0.2%.
The BSE Smallcap Index ended flat at 8,216.14.
The BSE Bankex was up 0.8% at 8,281.75. ICICI Bank, IOB, Centurion BoP, Andhra Bank, PNB moved upwards.
The BSE Capital Goods Index was up 1% at 13,059.18. Alfa Laval, BHEL, Jyoti Structure, Kirloskar Oil, Thermax, Siemens closed higher.
The BSE Auto Index closed at 5,058.45 up 1%. Tata Motors, Mah and Mah, MRF, Punj Tractors, Bharat Forge surged.
The BSE Metal Index closed up 4.60% at 12,000.90. SAIL, Hind Zinc, Sesa Goa, Shree Precoated, Hindalco, JSW Steel, NALCO advanced .
The BSE IT Index gained 0.6% at 4,897.95. Satyam, Tech Mahindra, Infosys, I-Flex Solution, Wipro advanced.
BSE Oil and Gas Index closed at 7,819.67 up 1.8%. Petronet LNG, Reliance, GAIL, BPCL ended in green.
The BSE FMCG Index ended at 1,864.18 up 0.4%. P and G, ITC, Britannia, United Brewerie, GlaxoSmith Con closed higher.
The NSE cash turnover was at Rs 14864 crore and the NSE F&O turnover was at Rs 48879.76 crore. The BSE cash turnover was Rs 6721.02 crore. Total market wide turnover was at Rs 70464.78 crore.
Source: moneycontrol.com
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Intraday Calls for 13th July

Nifty support 4405 and Resistance 4480, 4500.
Sensex Support 15000, 14860 and Resistance 15138, 15200.

Market positive. May see some profit booking in mid session.

Buy IOB @ Rs. 131/- Target Rs. 135-138/- SL Rs. 128/-
Buy Reliance @ Rs. 1718/- Target Rs. 1730-35/- SL Rs. 1710/-
Buy IDEA @ Rs. 120/- Target Rs. 125/- SL Rs. 118/-
Buy Inox Leisure @ Rs. 137/- Target R.s 142-145/- SL Rs. 134/-
Buy Cinemax @ Rs. 160/- Target Rs. 165-170/- SL Rs. 156/-
Buy Fortis Healthcare @ Rs. 91/- Target Rs. 95+ SL Rs. 88/-
Buy Patel Engineering @ Rs. 472/- Target Rs. 480-485/- SL Rs. 465/-

Others are: Alstom Projects, Action Construction, TTML, EKC, Prithvi Info, Opto Curcuits.

Good Luck.
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