Friday, July 18, 2008

Markets Today

Market Snapshot
Markets surge in later part of the day led by financials for 2nd day running
Sensex ends up 524 pts at 13635.4; Nifty up 145 pts at 4092.3
CNX Midcap Index up 2%, BSE Small-Cap Index up 1.1%
BSE-Bank Index up 8%; ICICI Bank up 12%, HDFC Bank 8%, PNB up 7.1%, SBI up 5.5%
BSE Realty Index up 5.5%; DLF up 7.2%; Unitech up 5%; Indiabulls Real up 7.7%
BSE Oil and Gas Index up 4.3%; Reliance up 4.7%, ONGC up 4.6%, HPCL up 4.2%, IOC up 7.5%
BSE Cap-Goods Index up 3.6%; BHEL up 5.5%;Punj Llyod up 5.3%, L&T up 4.3% ABB up 3.7%
BSE IT Sector Index down 2.6%; Satyam ends down 7.5% post results; HCL Tech down 5.4%, Wipro down 3.7%, TCS up 1.4%
Index Gainers: HDFC up 9.4%, Bharti Airtel up 7.2%, Reliance Infra up 6%, Nalco up 6%, Power Grid up 5.6%, ITC up 5.4%
Index Losers: Ranbaxy down 3.5%, Infosys down 2.2%, Sterlite down 1.9%
Results Impact: Tata Steel, Wipro, Satyam, Sasken, GE Shipping, IDFC, Allahabad Bank, Ultratech, Guj NRE, Chennai Petro
Buzzers: IDFC up 15%, Indian Bank up 11%, Selan up 10.5%, Yes Bank, Guj Nre Coke up 9%, Axis Bank up 7.8%, JP Ass up 7.5%
NSE Advance Decline at 2 : 1
Total F&O turnover at Rs 52795 cr Vs Rs 46,300 cr;
Total market turnover at Rs 70983.7 cr Vs Rs 62,852 cr on Thursday
F&O Snapshot
Fresh longs seen in Nifty Fut; adds 51.7 lakh shares in OI
Most of the Action in IT & Banking Stocks
Mix of Short covering and Aggressive long build up in banking & financials
Fresh Short positions in IT stocks after yesterdays short covering
Infra stocks like J P Associates & Punj Lloyd continues with long build up
Cap Goods stocks like L&T & Bhel sees fresh longs
Aggressive Put writing in Nifty 3900-4000 options
Option Activity: Nifty 3900 put adds 12.9 lakh shares Nifty 4000 put adds 6.8 lakh shares Nifty 4000 call sheds 2.2 lakh shares
Fresh Longs : Banks & Financials: IDFC, HDFC, Dena Bank, Canara Bank, SBI, Rel CapInfra : JP Associates, Punj LloydCap Goods : L&T & BHELMisc : RNRL, IFCI
Fresh Shorts: IT : Satyam , Wipro ,Mphasis , HCL TechMisc : Ranbaxy , Bajaj Hind , Sterlite
Short Covering : Banks : ICICI Bank & Indian BankMisc: Idea , Power Grid


The information in this publication is provided by is intended for use for Readers & Traders . Every effort is made to provide accurate information, but 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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