Tuesday, September 11, 2007

Markets Today

The markets ended in red with marginal losses. Midcap and smallcap just ended in green. Power, metal and select capital goods were aong the performers of the day. Midcap banking stocks did well aprt from the metal stocks. Selling pressure was seen in IT majors followed by auto and pharma stocks.
IFCI, Nyveli Lignite, Vijaya Bank, Dabur India and Tata Tele (Mah) were among the active stocks in the F&O space.
On the primary market front, Motilal Oswal got listed on the exchanges today at 930 versus its issue price of Rs 825. It closed at Rs 976.50 leading the gainers in the midcap space.
Reliance Ind hit Rs 2000 mark first time ever and was trading at Rs 1,980.40 down 0.34.
Top gainers on the indices were NTPC, Hindalco, Tata Steel, HDFC, ABB, Suzlon Energy, Dabur India, ACC were among the top gainers.
Top losers on the indices are TCS, Wipro HCL Tech, Zee Entertaiment, Satyam and Infosys.
In the block deals, 15 lakh Deccan Chronicle shares changed hands in BSE FII seg at Rs 242.60.
BSE Metal index is leading with again of over 1% on account of strengthning metal prices. Demand for metals is driven mainly by China which grew at 11.9% in Q2.
Sensex was down 54.06 points or 0.35% at 15542.77, and the Nifty down 10.80 points or 0.24% at 4497.05.
About 1522 shares have advanced, 1427 shares declined, and 73 shares are unchanged.
The BSE Midcap Index ended at 6,875.74 down 0.13%.
The BSE Smallcap Index ended at 8,529.09 up 0.2%.
The BSE Bankex was down 1% at 8,038.07. Karnataka Bank, Kotak Mahindra, SBI, ICICI Bank, Yes Bank, Bank of India moved downwards.
The BSE Capital Goods Index was up 0.4% at 13,714.26. Suzlon Energy, Kirloskar Bros, Alstom Projects, Triveni Engg, Alfa Laval, BHEL closed higher.
The BSE Health Care Index was down 0.5% at 3,703.82. Nicholas Pirama, Lupin, Divis Labs, Cadila Health closed lower.
The BSE Auto Index closed at 4,867.13 down 1%. Ashok Leyland, TVS Motor, Escorts, Tata Motors, Maruti Udyog closed higher.
The BSE Metal Index closed at 11,772.22 up 1.4%. Shree Precoated, Tata Steel, JindalStainless, SAIL, Sterlite Ind, Sesa Goa closed higher
The BSE FMCG Index closed at 2,098.05 up 0.7%. United Spirits, Dabur India, United Brewerie, Colgate, HUL closed higher.
BSE Oil and Gas Index closed flat at 8,260.71. Reliance, Essar Oil, GAIL, HPCL, Reliance Petro ended in red.
The BSE IT Index slipped 2% at 4,470.56. HCL Tech, Infosys, Patni Computer, Wipro, TCS closed lower.
The BSE realty Index lost 1% at 7,470.27. Unitech, Ansal Propertie, Mahindra Gesco, DLF closed lower.
The NSE cash turnover was at Rs 10841.17 crore and the NSE F&O turnover was at Rs 41739.52 crore. The BSE cash turnover was Rs 5306.15 crore. Total market wide turnover was at Rs 57886.84 crore.
Source:moneycontrol.com

Intraday Calls for 11th September

Market may open positive but it is another day of highly volatile throughout the day. A flat closing expected.

Sensex Support 15500, 15400 and Resistance 15650, 15700
Nifty Support 4470, 4440 and Resistance 4530, 4550

Buy for Intraday:

Geojit Financial (45.6) Target 48-50 SL 44

ADSL (334) Target 345 SL 330 (Ultimate Short Term Target Rs. 375+)
Adlabs (499) Target 510-515 SL 495
RCOM (545) Target 550-552 SL 542
IDEA (122) Target 128-130 SL 120
Orchid Chem (219) Target 225+ SL 216
Tanla Solution (500) Target 515 SL 495
Alstom Projects (APIL) (758) Target 772-775 SL 752
UTV Software (555) Target 570 SL 548

Others: Escorts (109), IFCI (75), Cairn (156), SKumar Nation (110), Hotel Leela (45), Emkay Shares (155), JSW Steel (677).

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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