Markets Today

The markets ended the day on a flat note but were off day's low. Buying support came from FMCG, enegy and realty stocks. Selling pressure was seen in IT pivotals followed by select metal and banking stocks.
Smallcap and midcap indices outperformed the benchmark indices. BSE Midcap index was up 0.6% and the Smallcap index was up 1%.
RIL has acquired polyester assets of Malaysia-based Hualon. The stocks has reacted positively and in one of the most active counter today. Reliance was trading at Rs 1,986.00 up 1.25%.
ITC, NTPC, Ambuja Cements, Reliance Petro and BPCL were among the top gainers on the indices.
Sensex was up 6.41 points or 0.04% at 15596.83, and the Nifty down 1.65 points or 0.04% at 4507.85.
About 1779 shares have advanced, 1175 shares declined, and 67 shares are unchanged.
The BSE Midcap Index ended at 6,884.39 up 33 points or 0.48%.
The BSE Smallcap Index ended at 8,514.37 up 81 points or 0.96%.
The BSE Bankex was up 0.06% at 8,100.37. Kotak Mahindra, Andhra Bank, SBI, Bank of Baroda, Oriental Bank moved upwards.
The BSE Capital Goods Index was up 0.3% at 13,654.29. Bharat Bijlee, Jyoti Structure, Alstom Projects, Triveni Engg, Bharat Elec, ABB closed higher.
The BSE Health Care Index was up 0.4% at 3,720.81. Orchid Chemical, Glenmark, Sterling Bio, Ranbaxy Labs closed higher.
The BSE Auto Index closed at 4,900.37 up 0.22%. TVS Motor, Escorts, Apollo Tyres, Hind Motors surged.
The BSE Metal Index closed flat at 11,606.05. SAIL, Sesa Goa, NALCO, Jindal Steel, JindalStainless advanced higher.
The BSE IT Index lost 1.9% at 4,967.35. HCL Tech, Mphasis, Wipro, TCS, Infosys lower.
BSE Oil and Gas Index closed gained 1% to close at 8,259.93. Reliance Petro, Petronet LNG, BPCL, HPCL ended in green.
The BSE FMCG Index ended at 1,620.85 up 2%. ITC, United Spirits, Tata Tea, Godrej Consumer ended higher.
The NSE cash turnover was at Rs 8894.52 crore and the NSE F&O turnover was at Rs 37333.48 crore. The BSE cash turnover was Rs 4059.17 crore. Total market wide turnover was at Rs 50287.17 crore.

Source:moneycontrol.com

Markets Today

The markets ended the day with marginal losses on sccount of selling pressure seen in index pivotals. Also cues from global peers in Asia and the US markets were not very encouraging. Underperformance came from auto, metal and realty stocks followed by pharma, bank and oil & gas stocks.
Sensex was down 25.89 points or 0.17% at 15590.42, and the Nifty down 9.10 points or 0.20% at 4509.50.
About 1508 shares have advanced, 1420 shares declined, and 91 shares are unchanged.
The BSE Midcap Index ended at 6,851.65 up 0.03%.
The BSE Smallcap Index ended at 8,433.52 up 0.5%.
The BSE Bankex was down 0.2% at 8,095.69. Bank of Baroda, Kotak Mahindra, Bank of India, Axis Bank, SBI moved downwards.
The BSE Capital Goods Index was down 0.3% at 13,613.24. Triveni Engg, Alstom Projects, Suzlon Energy, Jyoti Structure, Lakshmi Machine, AIA Engineering closed lower.
The BSE Health Care Index was down 0.3% at 3,705.68. Nicholas Pirama, Cipla, Biocon, Aurobindo Pharm, Orchid Chemical closed lower.
The BSE Auto Index closed at 4,889.83 down 1%. Exide Industrie, Ashok Leyland, Mah and Mah, Tata Motors, TVS Motor closed higher.
The BSE Metal Index closed at 11,609.08 down 0.7%. JindalStainless, SAIL, Sterlite Ind, Sesa Goa closed lower.
The BSE FMCG Index closed at 2,046.63 up 0.7%. Marico, ITC, United Spirits, United Brewerie, Tata Tea closed lower.
BSE Oil and Gas Index closed at 8,185.77 down 0.6%. Reliance, Essar Oil, GAIL, HPCL, Reliance Petro ended in red.
The BSE IT Index slipped 0.1% at 4,659.70. Patni Computer, Mphasis, I-Flex Solution, HCL Tech closed lower.
The BSE realty Index lost 1% at 7,470.27. Unitech, Ansal Propertie, Mahindra Gesco, DLF closed lower.
The NSE cash turnover was at Rs 9966.22 crore and the NSE F&O turnover was at Rs 38666.44 crore. The BSE cash turnover was Rs 4869.79 crore. Total market wide turnover was at Rs 53502.45 crore.

Source:moneycontrol.com

Intraday Calls for 7th Sept.

Market is likely to open positive but may see some profit booking in second half. A flat closing expected.

Sensex Support 15440 Resistance 15700, 15868 (All Time High)
Nifty Support 4440 Resistance 4530, 4550

Buy for Intraday:

Escorts (104) Target 108-110 SL 101
Orbit Corp (502) Target 512+ SL 498
IDFC (132) Target 135+ SL 130
Tech Mahindra (1325) Target 1345-1355 SL 1315
REL (861) Target 880-885 SL 855
Mcleod Russel (60) Target 65+ SL 58
ALPS Industries (57.5) Target 60-62 SL 55 (Rec. on 10th Aug as delivery @ Rs. 44)
Tata Steel (693) Target 705 SL 688
Hind Oil Explo (106) Target 110 SL 104
Gujarat Industries Power (GIPCL) (76) Target 80+ SL 74

Other: Hotel Leela, BOB, Syndicate Bank.

Good Luck

Intraday Calls for 06th Sept.

Market is likely to open nagetive with gap down as weakness in global market. But There is a chance of "U" turn and recovers smartly from lower levels so don't go short.

Sensex Support 15400, 15290 Resistance 15540
Nifty Support 4400, 4360 Resistance 4510.

Buy at lower levels for intraday.

Prithvi Info (305)
Selan Exploration (112)
Tech Mahindra (1286)
Aptech (318)
Hotel Leela (43.5)
Renuka Sugar (530)
Igate Global (232)
Zuari Industries (244)
GNFC (135)
Bharat Forge (273)
Nelcast (152)

Good Luck.

Views of Ashwani Gujral

Technical Analyst Ashwani Gujral is positive on India Cements, ACC Cement and Dena Bank.

Hereĺs how Ashwani Gujral views the stocks on board:

On fertilizers:

Nagarjuna Fertilizers has sort of achieved a target of Rs 42. The next target here could be Rs 49.

For Chambal Fertilizer, a target of Rs 63 is possible and Deepak Fertilizer also looks good.

These fertilizers stocks have never moved like this in the past. So, I think a lot of under ownership is probably there and lot of people are getting interested. So, these could have much more way to go than people expect right now.

On India Cements:

India Cements has now broken through the key resistance of Rs 240-245. You could probably be looking at levels of about Rs 350 on India Cements. That looks the strongest of the cements stocks.

On ACC Cement:

For ACC, Rs 1,150 is a historical kind of resistance. Historically, September to March has been a golden period for cement. That should hold even this time because construction picks up, so cement is a good sector to be into.

Grasim also looks good for about Rs 3,350 next. A lot of these cement stocks have consolidated quite well and are now beginning to make their upmoves.

On Dena Bank:

Dena Bank is probably the strongest of the double-digit banks. It has got support at around Rs 50-55 and could be headed to Rs 72.

On Essar Steel:

Essar steel is not something I track, but most other large steel stocks like Tata steel, SAIL and JSW are headed towards new highs, if they havenĺt already hit them.

Tata Steel looks strongest, with Rs 730 as the next resistance. Once that is taken out, you could see almost a couple of Rs 100 on Tata Steel.

On Reliance Energy:

Rs 820 was a previous all time high, so once we get past that, you could easily see Rs 960-980 on Reliance Energy.

Its broken out with very heavy volumes and all Reliance stocks are looking very good.

On DLF:

DLF is showing strength, even while the market came down. It held the Rs 540-550 kind of level and looks poised to get back up to Rs 700. But it is not my favorite sector.

It is not outperforming. Just one or two stocks tend to show flashes of up move, but overall its not showing a lot of strengths.

Source:moneycontrol.com

Intraday Calls for 5th Sept.

Market is likely to open positive but again a volatile day and profit booking at higher levels.

Nifty Support 4440, 4400 Resistance 4500, 4530.
Sensex Support 15450, 15280 Resistance 15590, 15750.

Buy for Intraday:

India Cement (268) Target 278-280 SL 265
ACC (1100 ) Target 1120 SL 1090
NTPC (181) Target 185-188 SL 178
DLF (623) Target 630-635 SL 518
Orchid Chemical (208) Target 215 SL 205
SKumar Nation (110) Target 115 SL 107
JP Associates (915) Target 925-930 SL 910
REL (823) Target 835 SL 818
Prithvi Info (294) Target 305 SL 290

Others: Reliance (1970) RNRL (49), Spentax (32.5), Gabriel (25), Nagarjun Fert. (42), Hotel Leela (44).

Good Luck.

Markets Today

The markets ended flat on account of lack of buying interest in scrips across sectors. selective buying was seen in realty, pharma and IT stocks. However, FMCG, consumer durables and auto stocks were trading weak.
Broader markets outperformed the benchmark indices, BSE Midcap was up 0.5% and BSE smallcap was up 0.8%.
Top gainers on the indices are Cipla, Relaince Energy, Tata Power, Grasim and Infosys.
Top losers on the indices are NTPC, BHEL, Zee Entertainment, Hindalco, BPCL, Tata Motors and ITC.
Sensex was up 43.35 points or 0.28% at 15465.40, and the Nifty up 4.50 points or 0.10% at 4479.25.
About 1867 shares have advanced, 1086 shares declined, and 66 shares are unchanged.
The BSE Midcap Index ended at 6,753.85 up 34 points or 0.50%.
The BSE Smallcap Index ended at 8,266.69 up 72 points or 0.9%.
The BSE Capital Goods Index was closed at 13,632.61 up 0.3%. Jyoti Structure, Reliance Infra, Carborundum, Bharat Bijlee, Thermax closed higher.
The BSE Auto Index closed closed at 4,864.74 down 0.7%. Amtek Aut, Hind Motors, Tata Motors, Bajaj Auto , TVS Motor ended in the red.
The BSE Metal Index closed at 11,578.57 down 05%. Hindalco, JindalStainless, Tata Steel, SAIL declined.
The BSE FMCG Index lost 0.4% at 1,994.24. Colgate, Nestle, ITC, Tata Tea, Dabur India ended in red.
BSE Oil and Gas Index closed at 8,187.54 up 0.4%. IOC, Reliance Natura, HPCL, GAIL, Reliance closed in green.
The BSE IT Index closed at 4,625.84 up 0.4%. TCS and Infosys closed higher.
The BSE Bankex was up 0.2% at 8,006.58. Axis Bank, IOB, Union Bank, Oriental Bank, Centurion Bank closed higher.
BSE Realty index was up 2% at 7,462.48. Omaxe, Peninsula Land, Anant Raj Ind, Ansal Propertie, Unitech were the top gainers
The NSE cash turnover was at Rs 10553.30 crore and the NSE F&O turnover was at Rs 39013.75 crore. The BSE cash turnover was Rs 5003.60 crore. Total market wide turnover was at Rs 54570.65 crore.
Source: Moneycontrol.com