Wednesday, October 24, 2007

Markets Today


The market ended flat amid volatile trades ahead of the triple witching day. Buying was seen in energy, bank, metal and realty pivotals. IT, auto and select oil & gas stocks were witnessing selling pressure. Broader markets outperformed the benchmark indices to end higher.
BSE realty and metal index are up 2% followed by capital goods and banex up 1%. IT and oil & gas indices ended weak.
Top gainers on the indices are Reliance Energy up 8%,SBI up 5%, Suzlon Energy up 7%, Satyam & Tata Steel up nearly 2%.
Top losers on the indices are ONGC, M&M, Tata Motors, Hero Honda, GAIL, HUL and Dr Reddys Labs.
Sensex was up 20.07 points or 0.11% at 18512.91, and the Nifty up 22.45 points or 0.41% at 5496.15.
About 1693 shares have advanced, 1294 shares declined, and 67 shares are unchanged.
The BSE Midcap Index ended at 7,650.69 up 1.3%.
The BSE Smallcap Index ended at 9,242.38 up 1.2%.
The BSE Bankex was up 1% at 9,665.67. SBI, IOB, ICICI Bank, Andhra Bank, Karnataka Bank, Kotak Mahindra, Bank of India moved upwards.
The BSE Capital Goods Index was up 2% at 17,112.32. Triveni Engg, Astra Microwave, Suzlon Energy, Thermax closed higher.
The BSE Auto Index closed at 5,404.26 down 1%. Hero Honda, Tata Motors, Tube Investment, Bajaj Auto, Mah and Mah closed lower.
The BSE Metal Index closed at 15,772.94 up 2.5%. JSW Steel, Sesa Goa, Shree Precoated, Jindal Saw, Mah Seamless, SAIL closed higher.
The BSE FMCG Index closed at 2,135.45 down 0.3%. GlaxoSmith Con, Britannia, Nestle, United Spirits, Dabur India closed higher.
BSE Oil and Gas Index closed flat at 10,736.91. ONGC, GAIL, BPCL ended in red.
The BSE IT Index was down 1% at 4,580.23. Infosys, TCS, Wipro, Tech Mahindra, Patni Computer closed down.
The NSE
cash turnover was at Rs 19767.21 crore and the NSE F&O turnover was at Rs 107495.25 crore. The BSE cash turnover was Rs 7966.95 crore. Total market wide turnover was at Rs 135229.41 crore.

Intraday Calls for 24th October

Market should open positive and remain positive. Market can touch 20000 by this DIWALI if other external reason will not effect like Govt., Politics, SEBI etc.


Buy for Intraday:


SAIL (236) Target 250 SL 232
Tata Steel (896) Target 925 SL 890
CIPLA (193) Target 200 SL 190
Tata Power (1060) Target 1090-1100 SL 1050
Hindustan Unilever (215) Target 222-225 SL 213
India Bulls Financials (546) Target 560-575 SL 540
Hind Oil Exploration (117) Target 122-125 SL115
RCOM (755) Target 775 SL 750
Bank of Baroda (290) Target 300+ SL 286
Syndicate Bank (86) Target 90 SL 84
Prithvi Info (253) Target 265 SL 250


Others: Suzlon, Siemens, Satyam Computer, KPIT, LIC Housing Finance, Dewan Housing.

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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