Thursday, August 30, 2007

Markets Today

The markets ended in green backed by strong global cues. The uptrend was well supported by auto, banking, steel, telecom and IT stocks. Realty, aluminium and oil & gas stocks were under pressure. Sensex closed above 15,100 mark and Nifty closed above 4,400 mark. BSE Smallcap outperformed and was up nearly 1%.
Top gainers on the indices are Siemens, Hero Honda, GSK, Sterlite, HDFC Bank, Reliance Communication, VSNL, Tata Motors, Mah and Mah, Ranbaxy Labs.
Top losers on the indices are BPCL, SBI, Cipla, NTPC, Nalco, GAIL, Zee Entertainment, Hindalco, Reliance Energy and Grasim.
Axis Bank, Puravankara Projects and HDIL were the most actively traded counters today.
Nifty September Future discount has once again slipped to 54.55 points at 4413.
Sensex was up 128.70 points or 0.86% at 15121.74, and the Nifty up 53.00 points or 1.22% at 4412.30.
About 1726 shares have advanced, 1204 shares declined, and 86 shares are unchanged.
The BSE Midcap Index ended at 6,485.44 up 35.05 points or 0.5%.
The BSE Smallcap Index ended at 7,957.96 up 84 points or 1.06%.
The BSE Capital Goods Index was up 0.5% at 13,306.72. Triveni Engg, Areva T&D, Jyoti Structure, Siemens, Kirloskar Bros closed higher.
The BSE Health Care Index was up 0.4% at 3,501.17. GlaxoSmithKline, Panacea Biotech, Sun Pharma, Novartis India, Wockhardt were among the top gainers.
The BSE Auto Index closed closed at 4,776.70 up 1.4%. Amtek Auto, Escorts, Exide Industrie, TVS Motor ended higher.
The BSE Metal Index closed at 11,297.31 up 1%. SAIL, Shree Precoated, Sterlite Ind, Jindal Steel, Sesa Goa advanced.
The BSE FMCG Index gained 1% at 1,949.32. Nestle, United Brewerie, GlaxoSmith Con, Dabur India, ITC closed higher.
BSE Oil and Gas Index closed at 7,936.51 up 0.5%. Reliance, Petronet LNG, ONGC, BPCL, HPCL, Essar Oil ended in green.
The BSE IT Index lost 1% at 4,552.30. Patni Computer, HCL Tech, Financial Tech, Mphasis, Infosys closed lower
The BSE Bankex was up 1.3% at 7,751.50. Allahabad Bank, Axis Bank, Federal Bank, HDFC Bank, Andhra Bank ended higher.
The NSE cash turnover was at Rs 15091.47crore and the NSE F&O turnover was at Rs 71282.94 crore. The BSE cash turnover was Rs 5643.45 crore. Total market wide turnover was at Rs 92017.86 crore.
Source:moneycontrol.com

Intraday Calls for 30th August

Market can open with a gap up. Another positive closing expected.

Sensex Resistance 15200, 15350 Support 14900.
Nifty Resistance 4400, 4440 Support 4300

Today's Buy for Intraday:

Axis Bank (612) Target 630 SL 605
State Bank of India (1575) Target 1600+ SL 1565
Thermax Ltd. (632) Target 650 SL 625
GMR Infra (825) Target 850 SL818
Sel Manufacturing (164) Target 172-175 SL 158
KPR Mills (182) Target 190 SL 178
Renuka Sugar (532) Target 540-548 SL 525
Mic Electronics (428) Target 445 SL 422
Asian Granito (109) Target 115 SL 105

Others: Jayant Agro, Uttam Galva Steel, CHD Developers, UCO Bank.

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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