Nifty support 4300 and Resistance 4440, 4500.
Sensex Support 14900 and Resistance 15200.
Markets opens weak as global markets are in dip red. But I think market can bounce from the support of 14900. If break and trade below that then we can see 14600, 14400 levels in coming days. Be carefull from the high volatility of the market today.
Buy Voltas, Wipro, HPCL, Micro Technologies, MTNL, JP Associates, Prithvi Info, Gitanjali Gems, Nelcast, ROMAN at decline.
Sell Bharti, M&M, Lanco Infra, Indiabulls, Parsvnath, RCOM.
Good Luck.
Monday, August 6, 2007
Friday, August 3, 2007
Markets Today
Overall it was a good trading day for the markets wherein it opened on a very euphoric note and proceeded to trade steady during the first half of day but slipped little bit in second half of the day. Finally it ended the last trading day with decent gain.
Realty, capital good and consumer durable stocks were the flavour of the day, however all the key indices traded in green through the day. Pharma and oil & gas indices were not up to the mark and struggled to keep their heads up in mild green.
The Sensex ended up 152.70 points or 1.02% at 15138.40, and the Nifty was up 45.20 points or 1.04% at 4401.55. About 1718 shares have advanced, 1184 shares declined, and 84 shares are unchanged.
BSE Midcap was up 89.82 points at 6605.24 and small cap was up 86.08 points at 7891.54.
BSE Auto Index was ended up 49.57 points at 4796.65, Exide, Cummins, Punjab Tractors and Apollo Tyres were the top gainers.
BSE Bankex closed up 101.71 points at 8048.41, SBI, IOB, Canara Bank, ICICI Bank and Oriental bank were star performer today.
Consumer Durable index was up 85.33 points at 4173.66, Lloyd Electric, Blue Star, Rajesh Exports and Titan Industries closed in green
Capital Good index was up 184.34 points at 12976.28, Kirloskar Bros, Triveni Engg, Lakshmi Machine, Siemens and Alstom Projects had oustanding performance.
BSE FMCG index was up 24.78 points at 1957.11, United Spirits, Godrej Consumer, Britannia and HUL were top gainers in this space.
BSE IT index ended up 55.19 points at 4704.30, I-Flex Solution, Mphasis, Financial Tech and Patni Computer were the top performer.
BSE realty index was up 160.51points at 7618.30, Indiabulls Real estate, Akruti Nirman, Peninsular land and DLF were the top gainers.
NSE metal index closed up 155.26 points at 11324.63, SAIL, Jindal Stainless, Jindal Saw and Tata Steel ended with decent gains.
Realty, capital good and consumer durable stocks were the flavour of the day, however all the key indices traded in green through the day. Pharma and oil & gas indices were not up to the mark and struggled to keep their heads up in mild green.
The Sensex ended up 152.70 points or 1.02% at 15138.40, and the Nifty was up 45.20 points or 1.04% at 4401.55. About 1718 shares have advanced, 1184 shares declined, and 84 shares are unchanged.
BSE Midcap was up 89.82 points at 6605.24 and small cap was up 86.08 points at 7891.54.
BSE Auto Index was ended up 49.57 points at 4796.65, Exide, Cummins, Punjab Tractors and Apollo Tyres were the top gainers.
BSE Bankex closed up 101.71 points at 8048.41, SBI, IOB, Canara Bank, ICICI Bank and Oriental bank were star performer today.
Consumer Durable index was up 85.33 points at 4173.66, Lloyd Electric, Blue Star, Rajesh Exports and Titan Industries closed in green
Capital Good index was up 184.34 points at 12976.28, Kirloskar Bros, Triveni Engg, Lakshmi Machine, Siemens and Alstom Projects had oustanding performance.
BSE FMCG index was up 24.78 points at 1957.11, United Spirits, Godrej Consumer, Britannia and HUL were top gainers in this space.
BSE IT index ended up 55.19 points at 4704.30, I-Flex Solution, Mphasis, Financial Tech and Patni Computer were the top performer.
BSE realty index was up 160.51points at 7618.30, Indiabulls Real estate, Akruti Nirman, Peninsular land and DLF were the top gainers.
NSE metal index closed up 155.26 points at 11324.63, SAIL, Jindal Stainless, Jindal Saw and Tata Steel ended with decent gains.
Turnover today:
NSE Cash - 11224.89 cr
BSE cash - 5040.84 cr
NSE F&O - 44285.38 cr
Total - 60551.11 cr
NSE Cash - 11224.89 cr
BSE cash - 5040.84 cr
NSE F&O - 44285.38 cr
Total - 60551.11 cr
Markets this week:
Sensex down 96 points or 0.63% at 15138.4; recovers 240 points from week's low
Sensex swings 673 points; week's high at 15569, low at 14896
Nifty down 44 points or 1% at 4401; recovers 75 points from week's low
Nifty swings 207 points; week's high at 4534, low at 4327
CNX Midcap Index up 0.3%, BSE Small Cap Index down 0.44%
BSE IT Index down 3.5%; TCS, Wipro, Infosys down over 4% each
BSE Auto Index down 3%, M&M down 13%, Tata Motors down 6%
BSE Realty, Oil & Gas Indices down 2.5% each
BSE Cap Goods Index up 2%; L&T up 4%, BHEL up 3.5%, ABB up 2%
Index Gainers: SBI up 9%, HDFC up 4%
Realty/ Infra stocks: Lanco up 23%, Orbit up 20%, IVRCL Infra up 11.5%, Akruti up 6.3%
Other mid-cap gainers; TV today up 23.5%, Mphasis up 16.5%, United Spirits up 11.5%
Sensex down 96 points or 0.63% at 15138.4; recovers 240 points from week's low
Sensex swings 673 points; week's high at 15569, low at 14896
Nifty down 44 points or 1% at 4401; recovers 75 points from week's low
Nifty swings 207 points; week's high at 4534, low at 4327
CNX Midcap Index up 0.3%, BSE Small Cap Index down 0.44%
BSE IT Index down 3.5%; TCS, Wipro, Infosys down over 4% each
BSE Auto Index down 3%, M&M down 13%, Tata Motors down 6%
BSE Realty, Oil & Gas Indices down 2.5% each
BSE Cap Goods Index up 2%; L&T up 4%, BHEL up 3.5%, ABB up 2%
Index Gainers: SBI up 9%, HDFC up 4%
Realty/ Infra stocks: Lanco up 23%, Orbit up 20%, IVRCL Infra up 11.5%, Akruti up 6.3%
Other mid-cap gainers; TV today up 23.5%, Mphasis up 16.5%, United Spirits up 11.5%
Source:moneycontrol.com
Intraday Calls for 3rd August
Nifty Strong support 4300, & Resistance 4390, 4440.
Sensex Support 14850, 14900 & Resistance 15200.
Markets may opens positive and remain positive. May see ups and downs.
Buy TimeTechno @ Rs. 555/- Target Rs. 570+ SL Rs. 548/-
Buy Elecon Engineering @ Rs. 627/- Target Rs. 635-640/- SL Rs. 622/-
Buy Rain Calcining @ Rs. 42/- Target Rs. 44-46/- SL Rs. 40/-
Buy Safari @ Rs. 34/- Target Rs. 36-38/- SL Rs. 32/-
Buy Tulip IT @ Rs. 702/- Target Rs. 725/- SL Rs. 695/-
Buy REL @ Rs. 752/- Target Rs. 760-770/- SL Rs. 748/-
Buy India Cement @ Rs. 218/- Target Rs. 225/- SL Rs. 215/-
Buy Sugar Stocks: Renuka, Bajajhind, Sakthi Sugar.
Other Stock Ideas: Mphasis, GNFC, Mindtree, Wipro, Suzlon, Tantia Construction.
Good Luck.
Sensex Support 14850, 14900 & Resistance 15200.
Markets may opens positive and remain positive. May see ups and downs.
Buy TimeTechno @ Rs. 555/- Target Rs. 570+ SL Rs. 548/-
Buy Elecon Engineering @ Rs. 627/- Target Rs. 635-640/- SL Rs. 622/-
Buy Rain Calcining @ Rs. 42/- Target Rs. 44-46/- SL Rs. 40/-
Buy Safari @ Rs. 34/- Target Rs. 36-38/- SL Rs. 32/-
Buy Tulip IT @ Rs. 702/- Target Rs. 725/- SL Rs. 695/-
Buy REL @ Rs. 752/- Target Rs. 760-770/- SL Rs. 748/-
Buy India Cement @ Rs. 218/- Target Rs. 225/- SL Rs. 215/-
Buy Sugar Stocks: Renuka, Bajajhind, Sakthi Sugar.
Other Stock Ideas: Mphasis, GNFC, Mindtree, Wipro, Suzlon, Tantia Construction.
Good Luck.
Thursday, August 2, 2007
Intraday Calls for 02nd August
Nifty Strong support 4300 & Resistance 4390, 4420.
Sensex Support 14890 & Resistance 15200.
Market may bounce back today & remains positive whole day.
Buy BlueBird @ Rs. 66/- Target Rs. 70+ SL Rs. 62/-
Buy Gujarat Alkalies @ Rs. 135/- Target Rs. 142-145/- SL Rs. 132/-
Buy Ranbaxy @ Rs. 368/- Target Rs. 375-378/- SLRs. 364/-
Buy Visu International @ Rs. 12.80/- Target Rs. 14-15/- SL Rs. 12/-
Buy OrientalBank @ Rs. 240/- Target Rs. 246-250/- SL Rs. 236/-
Buy Everonn Sys @ Rs. 480/- Target Rs. 500+ SL Rs. 472/-
Buy UNITED SPIRITS @ 1328/- Target Rs. 1345+ SL Rs. 1320/-
Buy United Phos @ Rs. 320/- Target Rs. 328-330/- SL Rs. 316/-
Buy Nelcast @ Rs. 156/- Target Rs. 165+ SL Rs. 152/-
Buy: Reliance, Reliance Capital, RCOM, Prithvi Info, ICICI Bank, SBI, Orbit Corp.
Good Luck.
Sensex Support 14890 & Resistance 15200.
Market may bounce back today & remains positive whole day.
Buy BlueBird @ Rs. 66/- Target Rs. 70+ SL Rs. 62/-
Buy Gujarat Alkalies @ Rs. 135/- Target Rs. 142-145/- SL Rs. 132/-
Buy Ranbaxy @ Rs. 368/- Target Rs. 375-378/- SLRs. 364/-
Buy Visu International @ Rs. 12.80/- Target Rs. 14-15/- SL Rs. 12/-
Buy OrientalBank @ Rs. 240/- Target Rs. 246-250/- SL Rs. 236/-
Buy Everonn Sys @ Rs. 480/- Target Rs. 500+ SL Rs. 472/-
Buy UNITED SPIRITS @ 1328/- Target Rs. 1345+ SL Rs. 1320/-
Buy United Phos @ Rs. 320/- Target Rs. 328-330/- SL Rs. 316/-
Buy Nelcast @ Rs. 156/- Target Rs. 165+ SL Rs. 152/-
Buy: Reliance, Reliance Capital, RCOM, Prithvi Info, ICICI Bank, SBI, Orbit Corp.
Good Luck.
Wednesday, August 1, 2007
Markets Today
It was an extremely disappointing day as Sensex saw its third biggest fall single day absolute fall. Both Sensex and Nifty were down over 4% each. Selling was seen in scrips across sectors.
The fall can be attributed to negative news flow on subprime motgage worries from the US. Asia also ended in deep red down between 3%-4%. Taiwan saw the highest fall and was down 4.3% followed by Seoul Comp, Jakarta Comp, Strait Times and Shanghai Comp.
Europ opened in red, CAC and DAX were down nearly 2% each.
All the BSE sector indices closed in deep red. Realty index was the worst hit down over 6% followed by bank, capital goods, metal and oil & gas downover 4% each.
The broader markets also closed in red, with acut of nearly 4%. All the Sensex stocks closed in the red.
On the F&O side Nifty futures discount widened to 42 points; OI was up 78.9 lakh shares. SAIL was down 5%, added 46.4 lakh shares in open. ITC was down Over 3.3%, added 19.6 lakh shares in open interest and Bharti was down 4.4%, added 17.8 lakh shares in open interest.
Sensex was down 615.22 points or 3.96% at 14935.77, and the Nifty down 183.00 points or 4.04% at 4345.85.
About 691 shares have advanced, 2240 shares declined, and 53 shares are unchanged.
The BSE Midcap Index ended at 6,461.46 down 256 points or 3.8%.
The BSE Smallcap Index ended at 7,775.90 down 294 points or 3.7%.
The BSE Bankex was down 4% at 8,055.14. Union Bank, Bank of India, Allahabad Bank, PNB, Canara Bank moved downwards.
The BSE Capital Goods Index was down 4.7% at 12,697.41. Bharat Elec, AIA Engineering, Crompton Greave, Bharat Bijlee, Reliance Infra, Alstom Projects, Punj Lloyd closed lower.
The BSE Auto Index closed at 4,771.54 down 3.3%. Escorts, Mah and Mah, Tata Motors, Exide Industrie, Bharat Forge, Cummins, Hind Motors closed higher.
The BSE Metal Index closed at 11,071.28 down 5%. Shree Precoated, Hindalco, Sterlite Ind, JindalStainless, Hind Zinc, JSW Steel closed lower.
The BSE FMCG Index closed at 1,926.21 down 2.4%. Tata Tea, Colgate, United Brewerie, Dabur India, United Spirits closed higher.
BSE Oil and Gas Index closed at 7,772.65 down 4.4%. Petronet LNG, Reliance Natura, Reliance, HPCL, BPCL ended in red.
The BSE IT Index lost 3% at 4,711.32. Patni Computer, Financial Tech, HCL Tech, I-Flex Solution closed lower.
The BSE Realty index was down 6.6% at 7,332.51. HDIL, Indiabulls Real, Parsvnath, Peninsula Land, Unitech, Sobha Developer ended in deep red.
The NSE cash turnover was at Rs 12640.07crore and the NSE F&O turnover was at Rs 55904.92 crore. The BSE cash turnover was Rs 6634.82 crore. Total market wide turnover was at Rs 75179.81 crore.
The fall can be attributed to negative news flow on subprime motgage worries from the US. Asia also ended in deep red down between 3%-4%. Taiwan saw the highest fall and was down 4.3% followed by Seoul Comp, Jakarta Comp, Strait Times and Shanghai Comp.
Europ opened in red, CAC and DAX were down nearly 2% each.
All the BSE sector indices closed in deep red. Realty index was the worst hit down over 6% followed by bank, capital goods, metal and oil & gas downover 4% each.
The broader markets also closed in red, with acut of nearly 4%. All the Sensex stocks closed in the red.
On the F&O side Nifty futures discount widened to 42 points; OI was up 78.9 lakh shares. SAIL was down 5%, added 46.4 lakh shares in open. ITC was down Over 3.3%, added 19.6 lakh shares in open interest and Bharti was down 4.4%, added 17.8 lakh shares in open interest.
Sensex was down 615.22 points or 3.96% at 14935.77, and the Nifty down 183.00 points or 4.04% at 4345.85.
About 691 shares have advanced, 2240 shares declined, and 53 shares are unchanged.
The BSE Midcap Index ended at 6,461.46 down 256 points or 3.8%.
The BSE Smallcap Index ended at 7,775.90 down 294 points or 3.7%.
The BSE Bankex was down 4% at 8,055.14. Union Bank, Bank of India, Allahabad Bank, PNB, Canara Bank moved downwards.
The BSE Capital Goods Index was down 4.7% at 12,697.41. Bharat Elec, AIA Engineering, Crompton Greave, Bharat Bijlee, Reliance Infra, Alstom Projects, Punj Lloyd closed lower.
The BSE Auto Index closed at 4,771.54 down 3.3%. Escorts, Mah and Mah, Tata Motors, Exide Industrie, Bharat Forge, Cummins, Hind Motors closed higher.
The BSE Metal Index closed at 11,071.28 down 5%. Shree Precoated, Hindalco, Sterlite Ind, JindalStainless, Hind Zinc, JSW Steel closed lower.
The BSE FMCG Index closed at 1,926.21 down 2.4%. Tata Tea, Colgate, United Brewerie, Dabur India, United Spirits closed higher.
BSE Oil and Gas Index closed at 7,772.65 down 4.4%. Petronet LNG, Reliance Natura, Reliance, HPCL, BPCL ended in red.
The BSE IT Index lost 3% at 4,711.32. Patni Computer, Financial Tech, HCL Tech, I-Flex Solution closed lower.
The BSE Realty index was down 6.6% at 7,332.51. HDIL, Indiabulls Real, Parsvnath, Peninsula Land, Unitech, Sobha Developer ended in deep red.
The NSE cash turnover was at Rs 12640.07crore and the NSE F&O turnover was at Rs 55904.92 crore. The BSE cash turnover was Rs 6634.82 crore. Total market wide turnover was at Rs 75179.81 crore.
Source:Moneycontrol.com
Intraday Calls for 1st August
Nifty Support 4480, 4440 and Resistance 4555, 4570.
Sensex Support 15480, 15400 and Resistance 15600.
Market may Opens flat to positive, May see some profit booking. I think it remain flat to nagetive.
Buy: Crompton Greaves, UNITECH, REL, RCOM, Bharti Airtel, TITAN, TTML, Hanung Toys, Voltas, Orbit Corp, EKC.
Sell: IOB, BOI, HPCL.
Good Luck.
Sensex Support 15480, 15400 and Resistance 15600.
Market may Opens flat to positive, May see some profit booking. I think it remain flat to nagetive.
Buy: Crompton Greaves, UNITECH, REL, RCOM, Bharti Airtel, TITAN, TTML, Hanung Toys, Voltas, Orbit Corp, EKC.
Sell: IOB, BOI, HPCL.
Good Luck.
Tuesday, July 31, 2007
Markets Today
It was a fantastic close for the market near the highest point of the day after brushing off the 50 bps CRR hike to 7%. The markets dipped immediately after the monetary policy declared but having realised that the CRR hike is more of a liquidity management tool than any interst rate signal to the market. The discount has narrowed to just about 20 points.
Heavies like L&T, HDFC, BHEL and ABB contributed significantly to the rally. L&T was up 7% HDFC was up 6% and BHEL was up 5.6%.
Broader markets also participated giving markets an excellent breadth.
All the BSE sector indices closed in green. Capital goods index was the top gainer followed by metal, FMCG and realty stocks.
The RBI has increased the CRR by 50 bps to 7% from 6.5%. Reverse Repo cap was removed. Bond yields have moved up. CRR is the amount the commercial banks need to maintain with the RBI. The amount is based on a fixed percentage computed on each bank's total time and demand liabilities. A CRR of 7% means that the banks need to set aside Rs 7 for every Rs 100 they receive in deposits.
Sensex was up 290.08 points or 1.90% at 15550.99, and the Nifty up 88.80 points or 2.00% at 4528.85.
About 1835 shares have advanced, 1065 shares declined, and 83 shares are unchanged.
The BSE Midcap Index ended at 6,718.08 up 99 points or 1.5%.
The BSE Smallcap Index ended at 8,070.63 up 129 points or 1.6%.
The BSE Health Care Index was up 1% at 3,718.26. Biocon, Orchid Chemical, Lupin, Ranbaxy Labs, Matrix Lab, Nicholas Pirama closed higher.
The BSE Auto Index closed at 4,933.83 up 0.2%. Cummins, Exide Industrie, Escorts, Bajaj Auto surged.
The BSE IT Index gained 0.4% at 4,862.52. Mphasis, HCL Tech, TCS, Patni Computer advanced.
BSE Oil and Gas Index gained 2% to close at 8,130.50. BPCL, Reliance Natura, Reliance, IOC, Reliance Petro, ONGC closed in green.
The BSE FMCG Index gained 1.4% at 1,973.16. Colgate, United Spirits, United Brewerie, ITC, Britannia were among the gainers.
The BSE Metal Index gained 2.2% to close at 11,630.92. Sterlite Ind, Hind Zinc, Jindal Steel, Shree Precoated, SAIL closed in green.
The BSE Bankex was up 1.2% at 8,148.68. HDFC Bank, SBI, Kotak Mahindra, Bank of Baroda, PNB ended higher.
Heavies like L&T, HDFC, BHEL and ABB contributed significantly to the rally. L&T was up 7% HDFC was up 6% and BHEL was up 5.6%.
Broader markets also participated giving markets an excellent breadth.
All the BSE sector indices closed in green. Capital goods index was the top gainer followed by metal, FMCG and realty stocks.
The RBI has increased the CRR by 50 bps to 7% from 6.5%. Reverse Repo cap was removed. Bond yields have moved up. CRR is the amount the commercial banks need to maintain with the RBI. The amount is based on a fixed percentage computed on each bank's total time and demand liabilities. A CRR of 7% means that the banks need to set aside Rs 7 for every Rs 100 they receive in deposits.
Sensex was up 290.08 points or 1.90% at 15550.99, and the Nifty up 88.80 points or 2.00% at 4528.85.
About 1835 shares have advanced, 1065 shares declined, and 83 shares are unchanged.
The BSE Midcap Index ended at 6,718.08 up 99 points or 1.5%.
The BSE Smallcap Index ended at 8,070.63 up 129 points or 1.6%.
The BSE Health Care Index was up 1% at 3,718.26. Biocon, Orchid Chemical, Lupin, Ranbaxy Labs, Matrix Lab, Nicholas Pirama closed higher.
The BSE Auto Index closed at 4,933.83 up 0.2%. Cummins, Exide Industrie, Escorts, Bajaj Auto surged.
The BSE IT Index gained 0.4% at 4,862.52. Mphasis, HCL Tech, TCS, Patni Computer advanced.
BSE Oil and Gas Index gained 2% to close at 8,130.50. BPCL, Reliance Natura, Reliance, IOC, Reliance Petro, ONGC closed in green.
The BSE FMCG Index gained 1.4% at 1,973.16. Colgate, United Spirits, United Brewerie, ITC, Britannia were among the gainers.
The BSE Metal Index gained 2.2% to close at 11,630.92. Sterlite Ind, Hind Zinc, Jindal Steel, Shree Precoated, SAIL closed in green.
The BSE Bankex was up 1.2% at 8,148.68. HDFC Bank, SBI, Kotak Mahindra, Bank of Baroda, PNB ended higher.
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