Nifty Support 4420, 4360 and Resistance 4500, 4560.
Sensex Support 15200 and Resistance 15380, 15500.
Market opens with a gap up about 100 points & will remain positive whole day if RBI's Credit policy SLR unchanged or cut in SLR then market will boost.
Buy GDL, Unitech, HCC, Cropton Greaves, HCC, RIL, RNRL, REL, JP Hydro, Bombay Dyeing, Sun Flag Iron, Hindalco, United Spirits.
Keep Eyes on Banking Sector: SBI, Corporation Bank, PNB, Syndicate Bank & UCO Bank.
Good Luck.
Tuesday, July 31, 2007
Monday, July 30, 2007
Markets Today
The markets ended the day on a flat note amid volatality after seeing a rally of over 200 points in the noon trade. Turnover was low and the breadth was in the favour of declines. Banking and FMCG stock ended higher. However, realty, metal and IT stocks ended in green.
Top gainers on the Sensex were HUL, SBI and Ambuja Cements.
Top losers on the Sensex were Hindalco, ITC and Mah and Mah.
Reliance Energy surged after winning the bid for Sasan Ultra Mega Power Project.
The rupee was trading at 40.51, the dollar has not been able to maintain its strength.
SBI gained after delivering strong Q1 operational performance on Saturday and HUL was up on the buyback news.
Sensex was up 26.34 points or 0.17% at 15260.91, and the Nifty down 5.15 points or 0.12% at 4440.05.
About 1488 shares have advanced, 1415 shares declined, and 78 shares are unchanged.
The BSE Midcap Index ended at 6,618.99 up 21 points or 0.3%.
The BSE Smallcap Index ended at 7,941.75 up 15 points or 0.2%.
The BSE Bankex was up 1.7% at 8,055.14. Federal Bank, SBI, UTI Bank, Andhra Bank, IOB moved upwards.
The BSE Capital Goods Index was down 0.4% at 12,698.97. Suzlon Energy, Crompton Greave, Siemens, Praj Industries, Kalpataru Power, BHEL closed lower.
The BSE Health Care Index was down 0.24% at 3,682.47. Sterling Bio, Orchid Chemical, Pfizer, Nicholas Pirama, Cadila Health closed lower.
The BSE Auto Index closed at 4,943.50 down 0.4%. Apollo Tyres, Mah and Mah, Escorts, Tube Investment, Cummins closed higher.
The BSE Metal Index closed at 11,381.27 down 1%. NALCO, Hindalco, Mah Seamless, JindalStainless, SAIL closed lower.
The BSE FMCG Index closed at 1,945.26 up 1%. HUL, United Brewerie, United Spirits, Colgate, Nestle closed higher.
BSE Oil and Gas Index closed at 7,980.75 down 0.4%. IOC, BPCL, Reliance, Petronet LNG ended in red.
The BSE IT Index lost 0.6% at 4,876.34. Patni Computer, Financial Tech, HCL Tech, Tech Mahindra closed lower.
The NSE cash turnover was at Rs 11224.89 crore and the NSE F&O turnover was at Rs 44285.38 crore. The BSE cash turnover was Rs 5040.84 crore. Total market wide turnover was at Rs 60551.11 crore.
Top gainers on the Sensex were HUL, SBI and Ambuja Cements.
Top losers on the Sensex were Hindalco, ITC and Mah and Mah.
Reliance Energy surged after winning the bid for Sasan Ultra Mega Power Project.
The rupee was trading at 40.51, the dollar has not been able to maintain its strength.
SBI gained after delivering strong Q1 operational performance on Saturday and HUL was up on the buyback news.
Sensex was up 26.34 points or 0.17% at 15260.91, and the Nifty down 5.15 points or 0.12% at 4440.05.
About 1488 shares have advanced, 1415 shares declined, and 78 shares are unchanged.
The BSE Midcap Index ended at 6,618.99 up 21 points or 0.3%.
The BSE Smallcap Index ended at 7,941.75 up 15 points or 0.2%.
The BSE Bankex was up 1.7% at 8,055.14. Federal Bank, SBI, UTI Bank, Andhra Bank, IOB moved upwards.
The BSE Capital Goods Index was down 0.4% at 12,698.97. Suzlon Energy, Crompton Greave, Siemens, Praj Industries, Kalpataru Power, BHEL closed lower.
The BSE Health Care Index was down 0.24% at 3,682.47. Sterling Bio, Orchid Chemical, Pfizer, Nicholas Pirama, Cadila Health closed lower.
The BSE Auto Index closed at 4,943.50 down 0.4%. Apollo Tyres, Mah and Mah, Escorts, Tube Investment, Cummins closed higher.
The BSE Metal Index closed at 11,381.27 down 1%. NALCO, Hindalco, Mah Seamless, JindalStainless, SAIL closed lower.
The BSE FMCG Index closed at 1,945.26 up 1%. HUL, United Brewerie, United Spirits, Colgate, Nestle closed higher.
BSE Oil and Gas Index closed at 7,980.75 down 0.4%. IOC, BPCL, Reliance, Petronet LNG ended in red.
The BSE IT Index lost 0.6% at 4,876.34. Patni Computer, Financial Tech, HCL Tech, Tech Mahindra closed lower.
The NSE cash turnover was at Rs 11224.89 crore and the NSE F&O turnover was at Rs 44285.38 crore. The BSE cash turnover was Rs 5040.84 crore. Total market wide turnover was at Rs 60551.11 crore.
Souce: Moneycontrol.com
Intraday Calls for 30th July
Nifty Support 4380, 4350 and Resistance 4460, 4500.
Sensex Support 15300 and Resistance 15500, 15560.
Market should opens positive. It May see some weakness but I think Market will remain flat to positive.
Buy Reliance, BajajHind, Balaji Tele, Gitanjali Gems, Bombay Dyeing, Infosys, Polaries Software, KPIT, Paramount Communication, Nelcast, Unitech (Support at 550 Resistance at 593, Above 593 Target 650+).
Buy Banking Stocks: SBI, BOB, PNB, Syndicate Bank and Do not forget the little champ UCO Bank (Ultimate Target Rs. 40+)
Buy IDBI at every decline for the short term target of Rs. 130+
Sell: Sail, MTNL, HDFC,
Good Luck.
Sensex Support 15300 and Resistance 15500, 15560.
Market should opens positive. It May see some weakness but I think Market will remain flat to positive.
Buy Reliance, BajajHind, Balaji Tele, Gitanjali Gems, Bombay Dyeing, Infosys, Polaries Software, KPIT, Paramount Communication, Nelcast, Unitech (Support at 550 Resistance at 593, Above 593 Target 650+).
Buy Banking Stocks: SBI, BOB, PNB, Syndicate Bank and Do not forget the little champ UCO Bank (Ultimate Target Rs. 40+)
Buy IDBI at every decline for the short term target of Rs. 130+
Sell: Sail, MTNL, HDFC,
Good Luck.
Friday, July 27, 2007
Markets Today
The markets closed in deep red tracking global peers. It was third biiggest single day fall for Sensex in absolute terms. Sell off was seen in markets across the globe. European markets outperformed other markets. The fall was initiated by US markets due to months of worry about the mortgage and corporate lending markets.
Asian markets ended gloomy. Taiwan was the top loser closing with a loss of 4%.
The market breadth was extremely weak on brisk turnover. Midcaps were not spared either and saw a huge sell off.
Real Estate, metal, cap goods, media were the worst hit. Sugar stocks did good for themselves. BSE Metal and realty index is down over 4%, followed by banking and capital goods index down over 3%
Nifty Futures widened to 50 points.
The fall was initiated by cracks in US markets. Dow plunged 311.50 points, or 2.26 percent, to 13,473.57, after falling 449.77 in earlier trading. The close was its worst since the 416.02 points it lost on Feb. 27.
The plunge was seen in US on concerns that higher corporate borrowing costs would curb the rapid pace of takeovers that had driven stocks higher this year. Investors also feared the sluggish environment for home sales and continued defaults in subprime loans would spur debt defaults and weigh on corporate earnings.
Sensex closed down 541.74 points or 3.4% at 15,234.57 and Nifty closed down 174 points at 4445.
The BSE Midcap Index ended at 6,598.32 down 192 points or 2.8%.
The BSE Smallcap Index ended at 7,926.45 down 219 points or 2.7%.
The BSE Bankex was down 3.2% at 7,920.19. Canara Bank, Bank of Baroda, Oriental Bank, PNB, HDFC Bank moved downwards.
The BSE Capital Goods Index was down 3.8% at 12,748.77. Alstom Projects, Gammon India, Astra Microwave, Jyoti Structure, BHEL, Reliance Infra closed lower.
The BSE Health Care Index was down 2.6% at 3,691.36. Sterling Bio, Matrix Lab, Lupin, GlaxoSmithKline, Wockhardt closed lower.
The BSE Auto Index closed at 4,943.50 down 3%. Ashok Leyland, Escorts, Tata Motors, Hind Motors, Hero Honda, Tube Investment closed higher.
The BSE Metal Index closed at 11,501.52 down 5.3%. Tata Steel, Shree Precoated, Hind Zinc, Hindalco, SAIL closed lower.
The BSE FMCG Index closed at 1,927.86 down 0.1%. United Brewerie, Dabur India, HUL, United Spirits, Bata India closed higher
BSE Oil and Gas Index closed at 8,015.75 down 3.7%. ONGC, Reliance Natura, Petronet LNG, Reliance, HPCL ended in red.
The BSE IT Index lost 2.5% at 4,876.34. Mphasis, Patni Computer, Financial Tech, HCL Tech, Satyam, Wipro closed lower.
The NSE cash turnover was at Rs 15450.73 crore and the NSE F&O turnover was at Rs 65777.96 crore. The BSE cash turnover was Rs 6596.79 crore. Total market wide turnover was at Rs 87825.48 crore.
Asian markets ended gloomy. Taiwan was the top loser closing with a loss of 4%.
The market breadth was extremely weak on brisk turnover. Midcaps were not spared either and saw a huge sell off.
Real Estate, metal, cap goods, media were the worst hit. Sugar stocks did good for themselves. BSE Metal and realty index is down over 4%, followed by banking and capital goods index down over 3%
Nifty Futures widened to 50 points.
The fall was initiated by cracks in US markets. Dow plunged 311.50 points, or 2.26 percent, to 13,473.57, after falling 449.77 in earlier trading. The close was its worst since the 416.02 points it lost on Feb. 27.
The plunge was seen in US on concerns that higher corporate borrowing costs would curb the rapid pace of takeovers that had driven stocks higher this year. Investors also feared the sluggish environment for home sales and continued defaults in subprime loans would spur debt defaults and weigh on corporate earnings.
Sensex closed down 541.74 points or 3.4% at 15,234.57 and Nifty closed down 174 points at 4445.
The BSE Midcap Index ended at 6,598.32 down 192 points or 2.8%.
The BSE Smallcap Index ended at 7,926.45 down 219 points or 2.7%.
The BSE Bankex was down 3.2% at 7,920.19. Canara Bank, Bank of Baroda, Oriental Bank, PNB, HDFC Bank moved downwards.
The BSE Capital Goods Index was down 3.8% at 12,748.77. Alstom Projects, Gammon India, Astra Microwave, Jyoti Structure, BHEL, Reliance Infra closed lower.
The BSE Health Care Index was down 2.6% at 3,691.36. Sterling Bio, Matrix Lab, Lupin, GlaxoSmithKline, Wockhardt closed lower.
The BSE Auto Index closed at 4,943.50 down 3%. Ashok Leyland, Escorts, Tata Motors, Hind Motors, Hero Honda, Tube Investment closed higher.
The BSE Metal Index closed at 11,501.52 down 5.3%. Tata Steel, Shree Precoated, Hind Zinc, Hindalco, SAIL closed lower.
The BSE FMCG Index closed at 1,927.86 down 0.1%. United Brewerie, Dabur India, HUL, United Spirits, Bata India closed higher
BSE Oil and Gas Index closed at 8,015.75 down 3.7%. ONGC, Reliance Natura, Petronet LNG, Reliance, HPCL ended in red.
The BSE IT Index lost 2.5% at 4,876.34. Mphasis, Patni Computer, Financial Tech, HCL Tech, Satyam, Wipro closed lower.
The NSE cash turnover was at Rs 15450.73 crore and the NSE F&O turnover was at Rs 65777.96 crore. The BSE cash turnover was Rs 6596.79 crore. Total market wide turnover was at Rs 87825.48 crore.
Source: Moneycontrol.com
Today's Market
A heavy sell-off can be seen in the markets today. Be very carefull. Apply wait & watch strategy for today. Think it is holiday in the market.
The reason is the sell off seen in the US & Asian market.
The reason is the sell off seen in the US & Asian market.
Thursday, July 26, 2007
Markets Today
The markets spiked in the late trade after witnessing sluggish trade for most of the day on triple witching day. The turnover was at record high of 1 lakh crore.
It has been a spectacular July series for the markets. Today on F&O turnover side, marketwide turnover hit record high for the third day.
Nifty was up 8% in July series so far; it has been record F&O turnover for last 3 Days
Relaince Energy, Sail, L&T, BHEL were among the top series gainers.
In today's trade HDIL was up 7%, Unitech was up 4%. In the Nifty gainers: Ranbaxy Up 9%,Cipla, Tata Power,HCL Tech Up 4%
CNX IT Up 2%; TCS Up 3%, Infosys Up 2.5%
Marketwide Rollover At 77%, Nifty Rollover At 68%
Huge Pick-up In Stock Futures Rollovers, at 78%
Highest Rollovers In HDIL (94%), Cipla (88%),IFCI (86%),TTML (87%)
The BSE Midcap Index ended at 6,790.50 up 35 points or 0.5%.
The BSE Smallcap Index ended at 8,145.86 up 90 points or 1.1%.
The BSE Health Care Index was up 1.5% at 3,788.36. Ranbaxy Labs, Wockhardt, Cipla, Wyeth, Opto Circuits closed higher.
The BSE Auto Index closed at 5,096.44 up 1.5%. Maruti Udyog, Mah and Mah, Bajaj Auto, MICO, Escorts, Ashok Leyland surged.
The BSE IT Index gained 2% at 5,001.24. Mphasis, Wipro, TCS, Infosys, Satyam advanced.
BSE Oil and Gas Index gained 1.5% to close at 8,325.19. Reliance, Essar Oil, HPCL, GAIL, ONGC closed in green.
The BSE FMCG Index gained 0.8% at 1,930.08. Dabur India, P and G, Godrej Consumer, HUL, Marico, Colgate were among the gainers.
The BSE Metal Index lost 0.2% to close at 12,139.71 and BSE Capital Goods Index was down 1.4% at 13,247.03.
The BSE Bankex was down 1.2% at 8,185.52.
The NSE cash turnover was at Rs 15438.55 crore and the NSE F&O turnover was at Rs 79995.85 crore. The BSE cash turnover was Rs 5727.04 crore. Total market wide turnover was at Rs 101161.44 crore.
It has been a spectacular July series for the markets. Today on F&O turnover side, marketwide turnover hit record high for the third day.
Nifty was up 8% in July series so far; it has been record F&O turnover for last 3 Days
Relaince Energy, Sail, L&T, BHEL were among the top series gainers.
In today's trade HDIL was up 7%, Unitech was up 4%. In the Nifty gainers: Ranbaxy Up 9%,Cipla, Tata Power,HCL Tech Up 4%
CNX IT Up 2%; TCS Up 3%, Infosys Up 2.5%
Marketwide Rollover At 77%, Nifty Rollover At 68%
Huge Pick-up In Stock Futures Rollovers, at 78%
Highest Rollovers In HDIL (94%), Cipla (88%),IFCI (86%),TTML (87%)
The BSE Midcap Index ended at 6,790.50 up 35 points or 0.5%.
The BSE Smallcap Index ended at 8,145.86 up 90 points or 1.1%.
The BSE Health Care Index was up 1.5% at 3,788.36. Ranbaxy Labs, Wockhardt, Cipla, Wyeth, Opto Circuits closed higher.
The BSE Auto Index closed at 5,096.44 up 1.5%. Maruti Udyog, Mah and Mah, Bajaj Auto, MICO, Escorts, Ashok Leyland surged.
The BSE IT Index gained 2% at 5,001.24. Mphasis, Wipro, TCS, Infosys, Satyam advanced.
BSE Oil and Gas Index gained 1.5% to close at 8,325.19. Reliance, Essar Oil, HPCL, GAIL, ONGC closed in green.
The BSE FMCG Index gained 0.8% at 1,930.08. Dabur India, P and G, Godrej Consumer, HUL, Marico, Colgate were among the gainers.
The BSE Metal Index lost 0.2% to close at 12,139.71 and BSE Capital Goods Index was down 1.4% at 13,247.03.
The BSE Bankex was down 1.2% at 8,185.52.
The NSE cash turnover was at Rs 15438.55 crore and the NSE F&O turnover was at Rs 79995.85 crore. The BSE cash turnover was Rs 5727.04 crore. Total market wide turnover was at Rs 101161.44 crore.
Source: Moneycontrol.com
Intraday Calls for 26th July
NIFTY (4589) Support 4560 Resistance 4620
Market may very volatile as today is expiry. Be carefull.
Buy ONGC (934) Target Rs. 946, 950 SL 927
Buy Zee (338) Target Rs. 345, 348 SL 334
Buy HPCL (257) Target Rs. 265, 267 SL 252
Buy BRFL (222) Target Rs. 230 SL 218
Buy Reliance Capital (1245) Target Rs. 1260-1270 SL 1238
Buy Arrow Webtexs (370) Target Rs. 380 SL 365
Others: Shringar Cinema, Global Vectra, Futura Poly, ITC, IDBI, BILT.
Sell: Bharat Forge (294), Amtek Auto (391), HDIL (580)
Good Luck.
Market may very volatile as today is expiry. Be carefull.
Buy ONGC (934) Target Rs. 946, 950 SL 927
Buy Zee (338) Target Rs. 345, 348 SL 334
Buy HPCL (257) Target Rs. 265, 267 SL 252
Buy BRFL (222) Target Rs. 230 SL 218
Buy Reliance Capital (1245) Target Rs. 1260-1270 SL 1238
Buy Arrow Webtexs (370) Target Rs. 380 SL 365
Others: Shringar Cinema, Global Vectra, Futura Poly, ITC, IDBI, BILT.
Sell: Bharat Forge (294), Amtek Auto (391), HDIL (580)
Good Luck.
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