Thursday, September 13, 2007

Markets Today

The markets ended the day on a strong note with some positive cues from Asian peers. But Europe was sulking with most of the markets trading in red. Sustained buying was seen in realty, banking and IT stocks. Broader markets outperformed the benchmark indices. Both midcap and smallcap indices are up nearly 1%. This gave markets healthy breadth in favour of advances. However, FMCG, pharma and metal stocks traded under pressure.
Top gainers on teh indices were SBI, Suzlon Energy, Maruti dyog and ACC.
HUL, ITC, Hindalco, Zee Entertainment were among the major losers on the indices.
BSE Realty index is trading strong today up nearly 3%. Major gainers in this space were Unitech, Peninsular Land and Mahindra Gesco.
Reliance Capital and Mercator Lines ended with hefty gains.
Sensex was up 109.08 points or 0.70% at 15614.44, and the Nifty up 32.10 points or 0.71% at 4528.95.
About 1723 shares have advanced, 1231 shares declined, and 70 shares are unchanged.
The BSE Midcap Index ended at 6,946.70 up 57 points or 0.70%.
The BSE Smallcap Index ended at 8,638.26 up 66 points or 0.8%.
The BSE Capital Goods Index was closed at 13,723.88 up 0.3%. Triveni Engg, Suzlon Energy, Praj Industries, Reliance Infra, BEML closed higher.
The BSE Auto Index closed closed at 4,939.34 up 1.3%. Maruti Udyog, TVS Motor, Apollo Tyres, Hero Honda, Cummins, Tata Motors ended in the green.
The BSE Metal Index closed flat at 11,924.63. Jindal Steel, Sterlite Ind, Shree Precoated advanced.
The BSE FMCG Index lost 0.5% at 2,070.79. ITC, Britannia, Marico, Colgate ended in red.
BSE Oil and Gas Index closed at 8,378.77 up 0.7%. Reliance Natura, GAIL, Essar Oil, Reliance closed in green.
The BSE IT Index closed at 4,482.57 up 1%. Mphasis, Tech Mahindra, TCS, Satyam, Wipro closed lower.
The BSE Bankex was up 1.3% at 8,081.94. Kotak Mahindra, SBI, Karnataka Bank, HDFC Bank, Union Bank, Axis Bank closed lower.
The NSE cash turnover was at Rs 11057.26 crore and the NSE F&O turnover was at Rs 41758.23 crore. The BSE cash turnover was Rs 5262.6 crore. Total market wide turnover was at Rs 58078.09 crore.
Source:moneycontrol.com

Intraday Calls for 13th September

Market remain rangebound.

Sensex Support 15500, 15400 and Resistance 15600, 15750
Nifty Support 4440 and Resistance 4530, 4550

Buy for Intraday:

Selan Explo (140) Target 145-148 SL 138
Hind Oil Explo (112) Target 115-118 SL 110
Aptech (368) Target 375 SL 365
India Cement (266) Target 275 SL 263
NTPC (190) Target 195 SL 188
ADSL (352) Target 360 SL 346
IndiaBulls (535) Target 545 SL 530
Essar Oil (51.5) Target 53-55 SL 51

Others: Reliance Capital, Reliance Industries, REL, Triveni Eng, Renuka Sugar, Visu International, Cairn Energy.

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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