Monday, November 19, 2007

Markets Today: Midcaps & Smallcaps Outperform

It started as a good day for markets but the frontliners failed to hold their gains at the higher levels and ended near the lowest point of the day. The rally in the midcaps and smallcaps continued and the market breadth was significantly positive.
Nifty Junior had blown out the lights and the index was up over 4%. Midcap index is up 2.7% and smallcap index is up 3%. The rally was seen despite some sell off seen in Asia markets.
Mukta Arts, Manugraph Ind, Rohit Ferro Tec, Gwalior Chem, Suryalakshmi Co were the smallcap performers locked in upper circuit each up 20%.
Among the block deals Centurion BoP, Reliance Infra and Suzlon Energy saw some block deal.
Auto, power, realty, cement and metal stocks were buzzing.
Gainers in the midcap space were Exide Industrie, Nirma, FDC, Sun Pharma Adv, Vijaya Bank, Centurion Bank, Alok Industries, Blue Dart, UB Holdings.
Midcap
banking space was also very active and is trading with good gains. Centyrion BoP was up over 14% and Vijaya Bank up over 13%.
Among the frontliners Bajaj Auto, ONGC, Cipla, Siemens, Suzlon Energy were the top gainers.
Bank pivotals like ICICI Bank and HDFC Bank were seeing some profit booking along with the oil refinery duo of BPCL and HFCL. FMCG major ITC was also trading weak.
Sensex was down 65.00 points or 0.33% at 19633.36, and the Nifty up 0.80 points or 0.01% at 5907.65.
About 2305 shares have advanced, 715 shares declined, and 45 shares are unchanged.
The BSE Midcap Index ended at 8,730.82 up 2.6%.
The BSE Smallcap Index ended at 10,672.89 up 2.8%.
The BSE Bankex was down 1% at 10,920.67. Top losers were HDFC Bank, ICICI Bank and SBI. Midcap bank stocks were on fire with CBoP up 14%, Vijaya Bank up 13.8%.
The BSE Capital Goods Index was up 1% at 20,806.42. Triveni Engg, AIA Engineering, Siemens, Crompton Greave, Thermax, Punj Lloyd closed higher.
The BSE Auto Index closed at 5,413.24 up 2.5%. Apollo Tyres, Escorts, TVS Motor, Exide Ind, Ashok Leyland closed higher.TVS Motor up 12%, Escorts up 12%, Ashok Leyland up 6.7%, LML locked at 5%.
The BSE Metal Index closed at 17,668.86 up 1%. Jindal Steel, JindalStainless, Tata Steel, SAIL, Hind Zinc closed higher.
The BSE FMCG Index closed at 2,224.86 down 0.2%. ITC and GlaxoSmith Cons were each down over 3%.
BSE Oil and Gas Index closed flat at 12,467.50. HPCL, BPCL, IOC, Reliance Petro ended lower but Essar Oil up 6%, Chennai up 4.3%.
The BSE IT Index was at 4,634.64 up 0.4%. Tech Mahindra, I-Flex Solution, Patni Computer, HCL Tech closed higher.
Sugar stocks saw heavy buying; Balrampur was up 11%, Triveni up 19%, Bajaj Hindusthan up 6%
Total market turnover at Rs 78,490 crore Versus Rs 89,336 crore in last trading session.
Source:moneycontrol.com

Intraday Calls for 19th November

Market may open positive and remain positive whole day.

Buy for Intraday:

Escorts Ltd.
IDFC
Petronet LNG
Orchid Chemicals
Videocon Industries

Chambal Fert.
Nagarjuna Fert.
Vijaya Bank
Bank of Baroda
Gulf Oils
Prism Cement
Mysore Cement

Others: CHD Developers Ltd., Amforge, Pondy Oxide, Bongaigaon Ref., DLF.

*****Maximaa Systems Upper Curcuit at 4.66/-
CHD Developers also moves up smartly and hits the upper curcuit at 23.10.
Sumeet Ind is also starts moving up with good volumes. Accumulate.
Now Pondy Oxides Accumulate for Very Short Term gain.

Good Luck

Short-Med Term Delivery Pick: Pondy Oxides & Chemicals Ltd.

Pondy Oxides & Chemicals Ltd. (BSE: 532626)
CMP : Rs. 20.95/-
52 Week High : Rs. 35.85/-
52 Week Low : Rs. 3.54/-
Face Value : Rs. 10/-
EPS : Rs. 2.72/-
P.E.: 7.70
200 Days Simpal Moving Average : Rs. 19.86/-
Sept. Quarter Profit (Sep 07): Rs. 11.39 Million (Profit rises 322 % QOQ)
Year Profit (March 07): Rs. 26.80 Million (Profit rises 104% YOY)
Company Continuesly doing well and great future ahead.
Recommandation: Accumulate (Buy at current Level and at every fall)
Target : Rs. 35/- (Short - Med term) Rs. 60/- (Long Term)
(Before investing do your own research)

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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