Wednesday, July 25, 2007

Markets Today

The markets ended in the red amid a highly volatile session. Rest of the Asia also ended with a deep cut. The breadth was in favour of the declines. Selling was seen in cement realty, capital good, auto and metal stocks. FMCG index managed to hold up in green.
Rupee has weakened little bit against and was quoting at Rs 40.31 versus USD. Market breadth was roughly 4:1 in favour of declining stocks on BSE.
Cement stocks are among the top losers on MRTPC probes in cement companies on any cartelisation issues.
ITC was up over 8% at Rs 164.80; CLSA has upped its ITC price target to Rs 184; upgrades to buy from underperform.
ITC, Infosys, HUL, ONGC, Bharti Airtel, NTPC, Reliance Energy and SBI are among the top gainers on the indices.
Ambuja Cements, Satyam, ACC, Grasim, HDFC Bank, Bajaj Auto are among the top losers.
On the results front Indus Fila came out with good set of numbers its net profit was up at Rs 8.2 crore versus Rs 3.6 crore in the corresponding quarter previous year. The stock is up over 3%. Astom Project, Yes Bank and Chambal Fertilisers came out with good set of numbers.
Thermax came out with strong set of numbers, its net profit came at Rs 55.63 crore and Bank Of India came in with inline set of numbers.
The BSE Midcap Index ended at 6,755.20 down 57 points or 0.84%.
The BSE Smallcap Index ended at 8,056.36 down 97 points or 1.2%.
The BSE Bankex was down 0.8% at 8,284.36. Andhra Bank, Canara Bank, IOB, Allahabad Bank, Bank of Baroda, PNB moved downwards.
The BSE Capital Goods Index was down 2.5% at 13,428.80. Suzlon Energy, Praj Industries, Astra Microwave, AIA Engineering, Larsen closed lower.
The BSE Health Care Index was down 1% at 3,732.86. Nicholas Pirama, Lupin, Panacea Biotech, Opto Circuits, Glenmark closed lower.
The BSE Auto Index closed at 5,022.80 down 2%. Apollo Tyres, Amtek Auto, Bajaj Auto, Tata Motors, Bharat Forge, Exide Industrie closed higher.
The BSE Metal Index closed at 12,161.06 down 1.7%. SAIL, Jindal Steel, Jindal Saw, NALCO, Hindalco closed lower.
The BSE FMCG Index closed at 1,915.35 up 4%. ITC, United Brewerie, HUL, Colgate, Dabur India closed higher
BSE Oil and Gas Index closed at 8,203.08. GAIL, Reliance Petro, Reliance Natura, Essar Oil, Petronet LNG ended in red.
The BSE IT Index lost 1% at 4,906.79. Satyam, I-Flex Solution, Tech Mahindra, TCS, Wipro closed lower.
The NSE cash turnover was at Rs 12792.03 crore and the NSE F&O turnover was at Rs 72365.46 crore. The BSE cash turnover was Rs 5905.19 crore. Total market wide turnover was at Rs 91062.68 crore.
Source: Moneycontrol.com

Intraday calls for 25th July

Nifty Support 4550, 4570 Resistance 4630.
Sensex Support 15660, 15740 and Resistance 15900.

Markets opens nagetive. May see some recovery but remain nagetive. Be carefull and trade in very small quantity because markets seems very volatile.

Buy Opto Curcuit around 485/- Target Rs. 500/- SL Rs. 482/-
Buy IDFC around 126-128/- Target Rs. 130+ SL Rs. 124/-
Buy IDBI around 108/- Target Rs. 111-113/- SL Rs. 106/-
Buy Prithvi Info around 305-310/- Target Rs. 315-318/- SL Rs. 300/-
Buy Unitech around 580-585/- Target Rs. 593/-(Resistace 593 crossover 600+) SL Rs. 578/-

Others buys: Allied Digital (New Listing: List around 280/- Target 325+), JSW Steeel, Indiabulls, ABG Shipyard, Mindtree.

Sell: Lanco Infra, Glenmark, Ranbaxy, TataMotors, MIC Electronic.

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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