Monday, July 30, 2007

Markets Today

The markets ended the day on a flat note amid volatality after seeing a rally of over 200 points in the noon trade. Turnover was low and the breadth was in the favour of declines. Banking and FMCG stock ended higher. However, realty, metal and IT stocks ended in green.
Top gainers on the Sensex were HUL, SBI and Ambuja Cements.
Top losers on the Sensex were Hindalco, ITC and Mah and Mah.
Reliance Energy surged after winning the bid for Sasan Ultra Mega Power Project.
The rupee was
trading at 40.51, the dollar has not been able to maintain its strength.
SBI gained after delivering strong Q1 operational performance on Saturday and HUL was up on the buyback news.
Sensex was up 26.34 points or 0.17% at 15260.91, and the Nifty down 5.15 points or 0.12% at 4440.05.
About 1488 shares have advanced, 1415 shares declined, and 78 shares are unchanged.
The BSE Midcap Index ended at 6,618.99 up 21 points or 0.3%.
The BSE Smallcap Index ended at 7,941.75 up 15 points or 0.2%.
The BSE Bankex was up 1.7% at 8,055.14. Federal Bank, SBI, UTI Bank, Andhra Bank, IOB moved upwards.
The BSE Capital Goods Index was down 0.4% at 12,698.97. Suzlon Energy, Crompton Greave, Siemens, Praj Industries, Kalpataru Power, BHEL closed lower.
The BSE Health Care Index was down 0.24% at 3,682.47. Sterling Bio, Orchid Chemical, Pfizer, Nicholas Pirama, Cadila Health closed lower.
The BSE Auto Index closed at 4,943.50 down 0.4%. Apollo Tyres, Mah and Mah, Escorts, Tube
Investment, Cummins closed higher.
The BSE Metal Index closed at 11,381.27 down 1%. NALCO, Hindalco, Mah Seamless, JindalStainless, SAIL closed lower.
The BSE FMCG Index closed at 1,945.26 up 1%. HUL, United Brewerie, United Spirits, Colgate, Nestle closed higher.
BSE Oil and Gas Index closed at 7,980.75 down 0.4%. IOC, BPCL, Reliance, Petronet LNG ended in red.
The BSE IT Index lost 0.6% at 4,876.34. Patni Computer, Financial Tech, HCL Tech, Tech Mahindra closed lower.
The NSE cash turnover was at Rs 11224.89 crore and the NSE F&O turnover was at Rs 44285.38 crore. The BSE cash turnover was Rs 5040.84 crore. Total market wide turnover was at Rs 60551.11 crore.
Souce: Moneycontrol.com

Intraday Calls for 30th July

Nifty Support 4380, 4350 and Resistance 4460, 4500.
Sensex Support 15300 and Resistance 15500, 15560.

Market should opens positive. It May see some weakness but I think Market will remain flat to positive.

Buy Reliance, BajajHind, Balaji Tele, Gitanjali Gems, Bombay Dyeing, Infosys, Polaries Software, KPIT, Paramount Communication, Nelcast, Unitech (Support at 550 Resistance at 593, Above 593 Target 650+).

Buy Banking Stocks: SBI, BOB, PNB, Syndicate Bank and Do not forget the little champ UCO Bank (Ultimate Target Rs. 40+)

Buy IDBI at every decline for the short term target of Rs. 130+

Sell: Sail, MTNL, HDFC,

Good Luck.


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