Friday, July 20, 2007

Markets Today

The markets ended flat after seeing a solid start as profit booking was seen during the final hour of trade. Selling pressure was seen in IT, banking, FMCG and oil & gas stocks. However, capital goods, telecom, metal and realty stocks witnessed buying interest.
But on a weekly basis Sensex saw a good close up 1.8% and the BSE Midcap was up 1%.
Tata Steel, L&T and Bharti Airtel were among the top gainers on the indices.
Among the losers were ACC, Bajaj Auto, Cipla and HPCL.
The BSE Midcap Index ended at 6,836.07 up 8 points or 0.12%.
Sensex was up 15.42 points or 0.10% at 15565.55, and the Nifty up 3.95 points or 0.09% at 4566.05.
About 884 shares have advanced, 1675 shares declined, and 52 shares are unchanged
The BSE Smallcap Index ended at 8,188.12 down 70.40 points or 0.85%.
The BSE Bankex was down 0.7% at 8,394.76. Oriental Bank, Bank of India, Allahabad Bank, Federal Bank, Andhra Bank moved downwards
The BSE Capital Goods Index was up 1.5% at 13,070.08. BEML, Kalpataru Power, Thermax, Carborundum, BHEL, Praj Industries closed higher.
The BSE Health Care Index was down 0.3% at 3,830.19. Cadila Health, Cipla, Lupin, Orchid Chemical, Novartis India closed lower.
The BSE Auto Index closed at 5,125.21 down 0.4%. Bajaj Auto, , Punj Tractors, Escorts, Tata Motors, Hero Honda, Ashok Leyland closed lower.
The BSE Metal Index closed at 12,211.10 up 1.5%. Tata Steel, Hind Zinc, JSW Steel, Sesa Goa, SAIL higher.
The BSE FMCG Index closed at 1,829.19 down 0.7%. United Spirits, Bata India, HUL, Colgate closed lower.
BSE Oil and Gas Index closed at 8,111.54 down 0.7%. HPCL, Reliance Natura, BPCL, Reliance Petro, GAIL, ended in green
The BSE IT Index lost 0.7% at 4,921.06. Tech Mahindra, Mphasis, Satyam, I-Flex Solution, Financial Tech closed lower.
The NSE cash turnover was at Rs 12383.82 crore and the NSE F&O turnover was at Rs 48073.22 crore. The BSE cash turnover was Rs 5765.28 crore. Total market wide turnover was at Rs 66222.32 crore.
Source: Moneycontrol.com

Intraday Calls for 20th July

Nifty Support 4480, 4500 and Resistance 4570, 4590.
Sensex Support 15500, 15440 and Resistance 15600, 15680.

Market opens positive, May see profit booking in first and second half but remain positive.

Buy Kesoram Industries @ Rs. 530/- Target Rs. 542/- SL Rs. 526/-
Buy NIIT Tech @ Rs. 482/- Target Rs. 495/- SL Rs. 476/-
Buy Opto Circuit @ Rs. 451/- Target Rs. 460-465/- SL Rs. 444/-
Buy ICICI Bank @ Rs. 990/- Target Rs. 1000+/- SL Rs. 984/-
Buy Great Offshore @ Rs. 820/- Target Rs. 840/- SL Rs. 812/-
Buy SKF India @ Rs. 450/- Target Rs. 462-465/- SL Rs. 444/-
Buy Neyveli Lignite @ Rs. 78-80/- Target Rs. 85/- SL Rs. 75/-
Buy Crompton Greaves @ Rs. 267/- Target Rs. 275/- SL Rs. 264/-

Others are: CTE, TTML, Nagarjun Fert., Nelcast, HOPFL, Prithvi Info, GMR Infra, Pantaloon 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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