Monday, November 5, 2007

Markets Today

The markets ended in red on account of selling pressure in largecaps from bank, FMCG, IT and energy sector. Broader markets held out their gains and BSE midcap and smallcap outperformed the Sensex. The midcap index was up 1% and smallcap index is up 1.4%.
Cues from Asia were not very encouraging as most of the Asia closing in red. Hang Seng down 1450 points or 5%, Shanghai down 2.5%, Straits and Thailand were down nearly 2% each.
Top gainers on the indices were Ranbaxy, Bharti Airtel, Cipla, SBI, NTPC, Tata Power, PNB and HPCL.
Noida Toll Bridge, Jaiprakash Hydro, RNRL, HMT are among the other gainers from broader markets.
Top losers on the indices were ONGC & ICICI Bank down over 4% each, HDFC Bank down 3%, Infosys and GlaxoSmithKline.
Sensex was down 385.45 points or 1.93% at 19590.78, and the Nifty down 85.10 points or 1.43% at 5847.30.
About 1569
shares have advanced, 1418 shares declined, and 75 shares are unchanged.
The BSE Smallcap Index ended at 9,847.02 down 1.1%.
The BSE Bankex was down 2% at 11,007.95. Union Bank, IOB, ICICI Bank, Andhra Bank, Karnataka Bank, Kotak Mahindra, Bank of India moved downwards.
The BSE Capital Goods Index was down 2% at 20,052.28. Punj Lloyd, AIA Engineering, Areva T&D, ABB, BHEL closed lower.
The BSE Auto Index closed at 5,328.69 down 2%. Bharat Forge, Maruti, Escorts, MRF, Cummins, Tata Motors, Bajaj Auto closed lower.
The BSE Metal Index closed at 17,401.69 down 2%. Hindalco, Shree Precoated, NALCO, Hind Zinc, Mah Seamless closed lower.
The BSE FMCG Index closed at 2,026.66 down 4%. HUL, ITC, United Spirits, Tata Tea, United Brewerie, Colgate, HUL closed lower
BSE Oil and Gas Index closed down 2% at 11,505.54. ONGC down 4.9%, RIL down 1.9% ended in red.
The BSE IT Index was down 1.5% at 4,567.13. Mphasis, Patni Computer, Tech Mahindra, I-Flex Solution, TCS closed lower.
The NSE cash turnover was at Rs 22771.1 crore and the NSE F&O turnover was at Rs 77646.90 crore. The BSE cash turnover was Rs 9008.86 crore. Total market wide turnover was at Rs 109426.86 crore.
Source:moneycontrol.com

Intraday Calls for 5th November

Market is likely remain very volatile. A flat to positive opening then see some profit booking as global markets are trading weak and then some recovery again, that can be today's market.
Buy for Intraday:
Fert. & Chem. (28.5) Target 32 SL 27
RPL (270) Target 280 SL 265
Agro Dutch (30.60) Target 33-35 SL 29
Noida Toll Bridge (42.70) Target 45+ SL 41
Sunil Hi-Tech (300) Target 315-320 SL 294
Indowind Energy (165) Target 170-172 SL 163
Selan Exploration (160) Target 170-175 SL 158
Prime Securities (166) Target 175+ SL 162
Hinduja TMT (436) Target 450-460 SL 430
Graphite India (65) Target 70 SL 63
HEG Ltd. (310) Target 325 SL 305
Others: Nagarjuna Fert. (60) , Vivimed Labs (116), GTC Industries (304), Prithvi (286), DCB (105), KPIT (105).
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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