Nifty Support 4380, 4300 and Resistance 4510, 4540.
Sensex Support 15050, 14950 and Resistance 15500.
Market opens positive with at gap. But later can see profit booking and may come down for flat closing.
Buy HOPFL @ Rs. 292/- Target Rs. 305-310/- SL Rs. 288/-
Buy BRFL @ Rs. 217/- Target Rs. 222-225/- SL Rs. 214/-
Buy Nelcast @ Rs. 160/- Target Rs. 165+ SL Rs. 157/-
Buy Gemini Communication @ Rs. 200/- Target Rs. 210/- SL Rs. 196/-
Buy NDTV @ RS. 373/- Target Rs. 380-385/- SL Rs. 368/-
Buy PNB @ Rs. 521/- Target Rs. 530-535/- SL Rs, 516/-
Others: Hinduja TMT, ACC, BILT, Mukta Arts, Grasim, Kesoram, Reliance, FSL, Mindtree, Atlanta, Visu International.
Short Sell: Orbit Corp, Everonn, Aurbindo Pharma.
Good Luck.
Thursday, August 9, 2007
Wednesday, August 8, 2007
Markets Today
It was a standout performance by market on the back of some strong global cues. There was no volatility and Sensex closed above 15,300 and Nifty above 4450 levels. Breadth was heathy on strong turnover.
Technology stocks are sparkling on expectation of weakening rupee on the new ECB norm. Asia ended firm as Fed kept its rates unchanged serving as positive cues for the markets.
All the BSE sector indices are trading in green. Followed by the technology banking, realty and oil & gas stocks surged on the bourses.
Infosys, TCS, Wipro, HCL Tech, Polaris, Mphasis, Patni, Foursoft, Aptech were technology standout performers.
Export oriented sectors will be positively impacted on account of new ECB norm which is expected to arrest rupee appreciation. Apart from IT even phama stocks are expected to be positively impacted.
Sensex was up 375.21 points or 2.51% at 15307.98, and the Nifty up 105.75 points or 2.43% at 4462.10.
About 2108 shares have advanced, 825 shares declined, and 58 shares are unchanged.
The BSE Midcap Index ended at 6,665.67 up 91 points or 1.4%.
The BSE Smallcap Index ended at 8,051.22 up 136 points or 1.7%.
The BSE Bankex closed at 8,076.32 up 2%. Union Bank, Canara Bank, Centurion Bank, Bank of Baroda, PNB, Allahabad Bank moved upwards.
The BSE Capital Goods Index was up 1.8% at 13,032.66. Reliance Infra, Crompton Greave, Praj Industries, Gammon India, AIA Engineering, BHEL closed higher.
The BSE Health Care Index was up 1.2% at 3,671.59. Matrix Lab, Orchid Chemical, Ranbaxy Labs, Sun Pharma, Lupin closed higher.
The BSE Auto Index closed at 4,810.74 up 1.4%. Hero Honda, Cummins, Amtek Auto, TVS Motor, Exide Industrie, Escorts, Mah and Mah advanced.
The BSE Metal Index closed at 11,222.02 up 1.5%. Hindalco, SAIL, NALCO, Sesa Goa, Sterlite Ind advanced higher.
The BSE FMCG Index gained 1% at 1,953.80. Marico, Godrej Consumer, Nestle, GlaxoSmith Con, Dabur India closed higher.
BSE Oil and Gas Index closed at 8,048.75 up 3%. Essar Oil, Reliance, Petronet LNG, ONGC ended in green.
The BSE IT Index closed at 4,808.43 up 4%. HCL Tech, Mphasis, Infosys, TCS closed higher.
The NSE cash turnover was at Rs 10130.55 crore and the NSE F&O turnover was at Rs 42084.83 crore. The BSE cash turnover was Rs 4711.34 crore. Total market wide turnover was at Rs 56926.72 crore.
Source: Moneycontrol.com
Intraday Calls for 8th August
Nifty: Support 4300 & Resistance 4400, 4440.
Sensex: Support 14900 & Resistance 15000, 15200.
Markets looks good for today. A fine day expected. Positive opening with nice gain also.
Buy Mphasis @ Rs. 283/- Target Rs. 290-295/- SL Rs. 282/-
Buy HCL Tech @ Rs. 298/- Target Rs. 305/- SL Rs. 294/-
Buy Mastek @ Rs. 252/- Target Rs. 260-265/- SL Rs. 248/-
Buy HDIL @ Rs. 525/- Target Rs. 536-540/- SL Rs. 520/-
Buy Bindal Agro (Oswal Chemical) @ Rs. 34/- Target Rs. 36+ SL Rs. 32/- (Short Term Target 40+) Buy Premier Explosive @ Rs. 50/- Target Rs. 55/- SL Rs. 48/-
Buy Ceat @ Rs. 166/- Target Rs. 172-175/- SL Rs. 162/-
Buy Timex Watches @ Rs. 30/- Target Rs. 35/- (Short Term) SL Rs. 28/-
Others: Sterlite Industries, IDBI, HPCL, JetAirways, ADSL, NitinFire, ITC, MTNL.
Banking Stocks: Sell.
Good Luck.
Sensex: Support 14900 & Resistance 15000, 15200.
Markets looks good for today. A fine day expected. Positive opening with nice gain also.
Buy Mphasis @ Rs. 283/- Target Rs. 290-295/- SL Rs. 282/-
Buy HCL Tech @ Rs. 298/- Target Rs. 305/- SL Rs. 294/-
Buy Mastek @ Rs. 252/- Target Rs. 260-265/- SL Rs. 248/-
Buy HDIL @ Rs. 525/- Target Rs. 536-540/- SL Rs. 520/-
Buy Bindal Agro (Oswal Chemical) @ Rs. 34/- Target Rs. 36+ SL Rs. 32/- (Short Term Target 40+) Buy Premier Explosive @ Rs. 50/- Target Rs. 55/- SL Rs. 48/-
Buy Ceat @ Rs. 166/- Target Rs. 172-175/- SL Rs. 162/-
Buy Timex Watches @ Rs. 30/- Target Rs. 35/- (Short Term) SL Rs. 28/-
Others: Sterlite Industries, IDBI, HPCL, JetAirways, ADSL, NitinFire, ITC, MTNL.
Banking Stocks: Sell.
Good Luck.
Market News
Wipro enters into agreement
ETC Network's board approves scheme of amalgamation
Venus Remedies completes the phase IV of baddi project
Flawless Diamond India opens one more exclusive retail outlet
PSL secures prestigious contract from Indian Oil Corporation
Tata Steel's alternative reference securities offering raises to US $ 875 million
Rajendra Mechanical Industries net profit rises 295.00%
Perfectpac net profit rises 108.33%
Ador Multi Products net profit rises 350.00%
Glance Finance net profit rises 100.00%
Axon Infotech net profit rises 857.14%
Cupid Trades & Finance net profit rises 100.00%
Permanent Magnets net profit rises 150.00%
JMD Telefilms Industries net profit rises 60.00%
United Breweries (Holdings) net profit rises 2627.78% in the June 2007 quarter
Tuesday, August 7, 2007
Markets Today
The markets had a disappointing close especially for the frontline indices after showing a strong start. The markets couldn't hold their strength at the higher leves and saw a sharp fall. Metal, FMCG and banking stocks were among the top losers. However, the broader markets outperformed the frontline indices. The BSE smallcap index ended relatively higher helping the market breadth.
Healthcare, IT, cement, power and oil & gas stocks provided buying support.
Reliance Energy, ACC, Ambuja Cements, NTPC, Tata Motors, Wipro, Bharti Airtel, Reliance Comm were among the top gainers on the indices.
ITC, ICICI Bank, Tata Steel, Maruti Udyog, ONGC, HUL are among the top losers.
Sensex was up 29.74 points or 0.20% at 14932.77, and the Nifty up 16.85 points or 0.39% at 4356.35.
About 1825 shares have advanced, 1094 shares declined, and 70 shares are unchanged.
The BSE Midcap Index ended at 6,574.90 up 21 points or 0.3%.
The BSE Smallcap Index ended at 7,914.37 up 72 points or 1%.
The BSE Capital Goods Index was closed at 12,804.66 up 0.5%. Suzlon Energy, Punj Lloyd, Reliance Infra, Crompton Greave, Alstom Projects, Lakshmi Machine closed higher.
The BSE Auto Index closed closed flat at 4,743.80. Exide Industrie, Bajaj Auto, Cummins, Ashok Leyland, Apollo Tyres ended in the red.
The BSE Metal Index closed at 11,041.86 down 0.9%. Jindal Saw, Sterlite Ind, JindalStainless, NALCO, Tata Steel declined.
The BSE FMCG Index lost 1.6% at 1,937.07. ITC, Colgate, United Brewerie, Britannia ended in red.
BSE Oil and Gas Index closed at 7,804.55 up 1%. Reliance Natura, Essar Oil, Petronet LNG, HPCL, IOC closed in green.
The BSE IT Index gained 0.5% at 4,618.47. Infosys, Satyam, TCS, iflex closed higher.
The BSE Bankex was down 0.4% at 8,371.91. Federal Bank, ICICI Bank, Axis Bank, Centurion Bank closed lower.
BSE Realty index was up 1.6%. DLF, Akruti Nirman, Mahindra Gesco, Sobha Developer, Peninsula Land were the top gainers
The NSE cash turnover was at Rs 9370.93 crore and the NSE F&O turnover was at Rs 32668.01 crore. The BSE cash turnover was Rs 4631.76 crore. Total market wide turnover was at Rs 46670.7 crore.
Healthcare, IT, cement, power and oil & gas stocks provided buying support.
Reliance Energy, ACC, Ambuja Cements, NTPC, Tata Motors, Wipro, Bharti Airtel, Reliance Comm were among the top gainers on the indices.
ITC, ICICI Bank, Tata Steel, Maruti Udyog, ONGC, HUL are among the top losers.
Sensex was up 29.74 points or 0.20% at 14932.77, and the Nifty up 16.85 points or 0.39% at 4356.35.
About 1825 shares have advanced, 1094 shares declined, and 70 shares are unchanged.
The BSE Midcap Index ended at 6,574.90 up 21 points or 0.3%.
The BSE Smallcap Index ended at 7,914.37 up 72 points or 1%.
The BSE Capital Goods Index was closed at 12,804.66 up 0.5%. Suzlon Energy, Punj Lloyd, Reliance Infra, Crompton Greave, Alstom Projects, Lakshmi Machine closed higher.
The BSE Auto Index closed closed flat at 4,743.80. Exide Industrie, Bajaj Auto, Cummins, Ashok Leyland, Apollo Tyres ended in the red.
The BSE Metal Index closed at 11,041.86 down 0.9%. Jindal Saw, Sterlite Ind, JindalStainless, NALCO, Tata Steel declined.
The BSE FMCG Index lost 1.6% at 1,937.07. ITC, Colgate, United Brewerie, Britannia ended in red.
BSE Oil and Gas Index closed at 7,804.55 up 1%. Reliance Natura, Essar Oil, Petronet LNG, HPCL, IOC closed in green.
The BSE IT Index gained 0.5% at 4,618.47. Infosys, Satyam, TCS, iflex closed higher.
The BSE Bankex was down 0.4% at 8,371.91. Federal Bank, ICICI Bank, Axis Bank, Centurion Bank closed lower.
BSE Realty index was up 1.6%. DLF, Akruti Nirman, Mahindra Gesco, Sobha Developer, Peninsula Land were the top gainers
The NSE cash turnover was at Rs 9370.93 crore and the NSE F&O turnover was at Rs 32668.01 crore. The BSE cash turnover was Rs 4631.76 crore. Total market wide turnover was at Rs 46670.7 crore.
Source:Moneycontrol.com
Intraday Calls for 7th August
Nifty: Support 4300, 4260 & Resistance 4380, 4400.
Sensex: Support 14800, 14600 & Resistance 15000.
Market may bounce back. A gap up opening expected but high volatility contineous. Overall positive market today.
Buy Gujarat Alkali @ Rs. 139/- Target Rs. 145/- SL Rs. 136/-
Buy ITC @ Rs. 172/- Target Rs. 175-178/- SL Rs. 168/-
Buy M & M @ Rs. 680/- Target Rs. 692-700 SL Rs. 676/-
Buy Micro Technologies @ Rs. 255 Target Rs. 262+ SL Rs. 250/-
Buy PunjLlyod @ Rs. 278/- Targer Rs. 285/- SL Rs. 274/-
Buy Parsvanath Dev. @ Rs. 332/- Target Rs. 340- SL Rs. 328/-
Others: GMR Infra, Reliance, IndiaBulls, BOB, BOI, DCB, ShaktiPumps, LokHousing, Mindtree, Nelcast.
Good Luck.
Sensex: Support 14800, 14600 & Resistance 15000.
Market may bounce back. A gap up opening expected but high volatility contineous. Overall positive market today.
Buy Gujarat Alkali @ Rs. 139/- Target Rs. 145/- SL Rs. 136/-
Buy ITC @ Rs. 172/- Target Rs. 175-178/- SL Rs. 168/-
Buy M & M @ Rs. 680/- Target Rs. 692-700 SL Rs. 676/-
Buy Micro Technologies @ Rs. 255 Target Rs. 262+ SL Rs. 250/-
Buy PunjLlyod @ Rs. 278/- Targer Rs. 285/- SL Rs. 274/-
Buy Parsvanath Dev. @ Rs. 332/- Target Rs. 340- SL Rs. 328/-
Others: GMR Infra, Reliance, IndiaBulls, BOB, BOI, DCB, ShaktiPumps, LokHousing, Mindtree, Nelcast.
Good Luck.
Monday, August 6, 2007
Markets Today
The markets ended in deep red with hefty losses on selling seen in scrips across sectors tracking global peers. Realty, banking, capital goods and metal stocks were the worst hit. Realty index was down over 4% followed by banking, capital goods and metal indices down over 2%.
ICICI Bank, Hindalco, Maruti Udyog, Wipro, Larsen, Reliance Comm were among the top losers on the indices.
SBI, TCS, Dr Reddy's, Ranbaxy Labs, Dabur India, BPCL, HPCL are among the gainers on the indices.
Sensex was down 235.37 points or 1.55% at 14903.03, and the Nifty down 62.05 points or 1.41% at 4339.50.
About 1240 shares have advanced, 1668 shares declined, and 81 shares are unchanged.
The BSE Midcap Index ended at 6,552.93 down 0.8%.
The BSE Smallcap Index ended at 7,842.59 down 0.6%.
The BSE Bankex was down 1% at 8,055.14. ICICI Bank, IOB, Centurion Bank, HDFC Bank, Federal Bank moved downwards.
The BSE Capital Goods Index was down 2% at 12,739.99. Suzlon Energy, Triveni Engg, Larsen, Bharat Bijlee, Siemens, BHEL closed lower.
The BSE Health Care Index was down 1% at 1,964.27. Orchid Chemical, Opto Circuits, Nicholas Pirama, Divis Labs, Wockhardt, Sterling Bio closed lower.
The BSE Auto Index closed at 4,746.12 down 1%. MRF, Maruti Udyog, Cummins, Escorts closed lower.
The BSE Metal Index closed at 11,139.43 down 1.6%. Shree Precoated, JSW Steel, Hindalco, Jindal Steel, Jindal Saw closed lower.
The BSE FMCG Index closed at 1,945.26 up 0.4%. GlaxoSmith Con, HUL, Bata India, Tata Tea, Britannia closed lower.
BSE Oil and Gas Index closed at 7,719.26 down 1%. Essar Oil, GAIL, ONGC, Reliance, Reliance Petro ended in red.
The BSE IT Index lost 2% at 4,597.82. Mphasis, Patni Computer, Financial Tech, Infosys, Tech Mahindra, Wipro closed lower.
The NSE cash turnover was at Rs 8990.81 crore and the NSE F&O turnover was at Rs 37564.99 crore. The BSE cash turnover was Rs 4313.22 crore. Total market wide turnover was at Rs 50869.02 crore.
ICICI Bank, Hindalco, Maruti Udyog, Wipro, Larsen, Reliance Comm were among the top losers on the indices.
SBI, TCS, Dr Reddy's, Ranbaxy Labs, Dabur India, BPCL, HPCL are among the gainers on the indices.
Sensex was down 235.37 points or 1.55% at 14903.03, and the Nifty down 62.05 points or 1.41% at 4339.50.
About 1240 shares have advanced, 1668 shares declined, and 81 shares are unchanged.
The BSE Midcap Index ended at 6,552.93 down 0.8%.
The BSE Smallcap Index ended at 7,842.59 down 0.6%.
The BSE Bankex was down 1% at 8,055.14. ICICI Bank, IOB, Centurion Bank, HDFC Bank, Federal Bank moved downwards.
The BSE Capital Goods Index was down 2% at 12,739.99. Suzlon Energy, Triveni Engg, Larsen, Bharat Bijlee, Siemens, BHEL closed lower.
The BSE Health Care Index was down 1% at 1,964.27. Orchid Chemical, Opto Circuits, Nicholas Pirama, Divis Labs, Wockhardt, Sterling Bio closed lower.
The BSE Auto Index closed at 4,746.12 down 1%. MRF, Maruti Udyog, Cummins, Escorts closed lower.
The BSE Metal Index closed at 11,139.43 down 1.6%. Shree Precoated, JSW Steel, Hindalco, Jindal Steel, Jindal Saw closed lower.
The BSE FMCG Index closed at 1,945.26 up 0.4%. GlaxoSmith Con, HUL, Bata India, Tata Tea, Britannia closed lower.
BSE Oil and Gas Index closed at 7,719.26 down 1%. Essar Oil, GAIL, ONGC, Reliance, Reliance Petro ended in red.
The BSE IT Index lost 2% at 4,597.82. Mphasis, Patni Computer, Financial Tech, Infosys, Tech Mahindra, Wipro closed lower.
The NSE cash turnover was at Rs 8990.81 crore and the NSE F&O turnover was at Rs 37564.99 crore. The BSE cash turnover was Rs 4313.22 crore. Total market wide turnover was at Rs 50869.02 crore.
Source: Moneycontrol.com
Subscribe to:
Posts (Atom)