Market may open flat to positive but profit booking expected at higher levels near 17000 for sensex & 5000 for nifty.
Buys for intraday:
IDFC (147)
IDBI (155)
LIC Housing Finance (219)
Bank of India (263)
RCOM (598)
Petronet LNG (78)
Escorts (115)
Colgate (408) Buy above 412
Gail (375)
Ispat Industries (27)
Visa Steel (35)
Haldyn Glass (75)
Ashok Layland (40)
Good Luck
Tuesday, September 25, 2007
Monday, September 24, 2007
Intraday Calls for 24th Sept.
Market will open positive and remain positive but some profit booking can be seen at higher levels.
Buys for Intraday:
Alphageo (470)
Cummins india ltd. (423)
Nelcast (168)
Atlanta (308)
GMR Infra
Chambal fert.
Nagarjuna fert.
GBN
Petron Eng.
3I Info
Prithvi Info
Wipro
Good Luck
Buys for Intraday:
Alphageo (470)
Cummins india ltd. (423)
Nelcast (168)
Atlanta (308)
GMR Infra
Chambal fert.
Nagarjuna fert.
GBN
Petron Eng.
3I Info
Prithvi Info
Wipro
Good Luck
Friday, September 21, 2007
Markets Today
It was not only an interesting end to the week but an entire interesting week for equity markets. The week saw some terrific gains on account of 50 bps rate cut by the Fed. Sensex was up 6.4%and Nifty up 7.3% during the week. Sensex also saw its biggest weekly points gain.
Standout performance was from Reliance group of stocks like Reliance Infra up over 75%, Reliance, Rel Energy and Reliance Petro and Reliance Cap.
Apart from IT index which closed flat, all the BSE sector indices closed up over7%. Realty index was the top gainer up 14% followed by oil & gas up 12%. The week saw a bull run in commodities and also in the currency market where rupee breached the 40 mark trading at 39.90 levels.
In today's session markets scaled new heights, both the frontline indices saw a a triple digit rally on a total turnover of over 1 lakh crore. Although there were some initial hicups but later the markets surged on the back of heavy buying in heavyweights like HUL, Reliance and SAIL. IT, FMCG and healthcare were among the top losers on the indices. However, trading strong are telecom, auto, oil & gas and realty were among the gainers.
Reliance Energy, Reliance, SAIL, HUL, Bharti Airtel, Reliance Communication, GAIL, Reliance Petro, Hero Honda and Grasim are among the top gainers on the indices.
NTPC, Suzlon Energy, Satyam, ITC, TCS are among the top losers on the Sensex. Infosys, Wipro, TCS touched 52 week low today.
Sensex was up 216.28 points or 1.32% at 16564.23, and the Nifty up 90.00 points or 1.90% at 4837.55.
About 1279 shares have advanced, 1695 shares declined, and 57 shares are unchanged.
The BSE Midcap Index ended at 7,199.92 up 67 points or 1%.
The BSE Smallcap Index ended at 8,895.30 up 20 points or 0.22%.
The BSE Capital Goods Index was closed at 14,520.17 up 1%. Reliance Infra, Areva T&D, Thermax, Punj Lloyd, Astra Microwave closed higher
The BSE Auto Index closed closed at 5,193.50 up 1%. Escorts, Hero Honda, Exide Industrie, Cummins, Maruti Udyog ended in the green.
The BSE Metal Index closed at 12,812.76 up 0.7%. Jindal Steel, SAIL, Sesa Goa, Sterlite Ind, Shree Precoated, Jindal Saw advanced.
The BSE FMCG Index lost 0.6% at 2,152.99. Britannia, Nestle, United Spirits, Tata Tea, ITC ended in red.
BSE Oil and Gas Index closed at 9,340.05 up 3.7%. Reliance Petro, Reliance Natura, GAIL, Reliance closed in green.
The BSE IT Index closed at 4,428.34 up 1%. Mphasis, I-Flex Solution, HCL Tech, Satyam, Patni Computer closed lower.
The BSE Bankex was up 0.6% at 8,739.84. Oriental Bank, Union Bank, Kotak Mahindra, SBI, Canara Bank closed higher.
The NSE cash turnover was at Rs 16655.36 crore and the NSE F&O turnover was at Rs 75928.77 crore. The BSE cash turnover was Rs 8223.37 crore. Total market wide turnover was at Rs 100807.50 crore.
Standout performance was from Reliance group of stocks like Reliance Infra up over 75%, Reliance, Rel Energy and Reliance Petro and Reliance Cap.
Apart from IT index which closed flat, all the BSE sector indices closed up over7%. Realty index was the top gainer up 14% followed by oil & gas up 12%. The week saw a bull run in commodities and also in the currency market where rupee breached the 40 mark trading at 39.90 levels.
In today's session markets scaled new heights, both the frontline indices saw a a triple digit rally on a total turnover of over 1 lakh crore. Although there were some initial hicups but later the markets surged on the back of heavy buying in heavyweights like HUL, Reliance and SAIL. IT, FMCG and healthcare were among the top losers on the indices. However, trading strong are telecom, auto, oil & gas and realty were among the gainers.
Reliance Energy, Reliance, SAIL, HUL, Bharti Airtel, Reliance Communication, GAIL, Reliance Petro, Hero Honda and Grasim are among the top gainers on the indices.
NTPC, Suzlon Energy, Satyam, ITC, TCS are among the top losers on the Sensex. Infosys, Wipro, TCS touched 52 week low today.
Sensex was up 216.28 points or 1.32% at 16564.23, and the Nifty up 90.00 points or 1.90% at 4837.55.
About 1279 shares have advanced, 1695 shares declined, and 57 shares are unchanged.
The BSE Midcap Index ended at 7,199.92 up 67 points or 1%.
The BSE Smallcap Index ended at 8,895.30 up 20 points or 0.22%.
The BSE Capital Goods Index was closed at 14,520.17 up 1%. Reliance Infra, Areva T&D, Thermax, Punj Lloyd, Astra Microwave closed higher
The BSE Auto Index closed closed at 5,193.50 up 1%. Escorts, Hero Honda, Exide Industrie, Cummins, Maruti Udyog ended in the green.
The BSE Metal Index closed at 12,812.76 up 0.7%. Jindal Steel, SAIL, Sesa Goa, Sterlite Ind, Shree Precoated, Jindal Saw advanced.
The BSE FMCG Index lost 0.6% at 2,152.99. Britannia, Nestle, United Spirits, Tata Tea, ITC ended in red.
BSE Oil and Gas Index closed at 9,340.05 up 3.7%. Reliance Petro, Reliance Natura, GAIL, Reliance closed in green.
The BSE IT Index closed at 4,428.34 up 1%. Mphasis, I-Flex Solution, HCL Tech, Satyam, Patni Computer closed lower.
The BSE Bankex was up 0.6% at 8,739.84. Oriental Bank, Union Bank, Kotak Mahindra, SBI, Canara Bank closed higher.
The NSE cash turnover was at Rs 16655.36 crore and the NSE F&O turnover was at Rs 75928.77 crore. The BSE cash turnover was Rs 8223.37 crore. Total market wide turnover was at Rs 100807.50 crore.
Source:moneycontrol.com
Intraday Calls for 21st September
Market is likely to open flat and may see some correction.
Sensex Support 16260 Resistance 16450, 16560.
Nifty Support 4640, 4600 Resistance 4750, 4780
Buys for Intraday:
KRBL (96) Target 102-105 SL 94
Gulf Oil (1415) Target 1430-1440 SL 1410
Cinemax (156) Target 162-165 SL 152
GMR Infra (805) Target 815-820 SL 800
Dewan Housing (74) Target 78-80 SL 72
Hyd Ind (220) Target 225-228 SL 216
MRPL (51) Target 53-55 SL 50
Petronet LNG (68.25) Target 70-72 SL 66
Others: Nelcast (156), Lok Housing (154), HCC (141), RCOM (566) Prithvi Info (299), Arvind Mills (52).
Good Luck.
Sensex Support 16260 Resistance 16450, 16560.
Nifty Support 4640, 4600 Resistance 4750, 4780
Buys for Intraday:
KRBL (96) Target 102-105 SL 94
Gulf Oil (1415) Target 1430-1440 SL 1410
Cinemax (156) Target 162-165 SL 152
GMR Infra (805) Target 815-820 SL 800
Dewan Housing (74) Target 78-80 SL 72
Hyd Ind (220) Target 225-228 SL 216
MRPL (51) Target 53-55 SL 50
Petronet LNG (68.25) Target 70-72 SL 66
Others: Nelcast (156), Lok Housing (154), HCC (141), RCOM (566) Prithvi Info (299), Arvind Mills (52).
Good Luck.
Thursday, September 20, 2007
Intraday Calls for 20th September
Yesterday was a Golden day for India in both Indian Stock Market and Indian Cricket. Made new records.
Today market can open positive and remain flat to positive, closing can be flat coz of some profit booking at higher levles.
Sensex Support 16000, 15860 Resistance 16400, 16460.
Nifty Support 4640, 4600 Resistance 4750.
Buys for Intraday:
IVRCL (403) Target 410+ SL 398 (Rec. at 375 level for delivery on 17 Sept)
ONGC (902) Target 930+ SL 895
ITC (186) Target 190+ SL 184
Renuka Sugar (686) Target 700+ SL 680
RCOM (564) Target 575 SL 560
IDBI (139) Target 142-145 SL 137
IDFC (137) Target 140-142 SL 135
Voltas (157) Target 162-165 SL 154
IVR Prime (388) Target 400 SL 384
TVToday (151) Target 155 SL 148
ENIL (509) Target 520 SL 505
Short Sell: Sail (185), Suzlon (1470), Reliance Infra (865), REL (948)
Good Luck
Today market can open positive and remain flat to positive, closing can be flat coz of some profit booking at higher levles.
Sensex Support 16000, 15860 Resistance 16400, 16460.
Nifty Support 4640, 4600 Resistance 4750.
Buys for Intraday:
IVRCL (403) Target 410+ SL 398 (Rec. at 375 level for delivery on 17 Sept)
ONGC (902) Target 930+ SL 895
ITC (186) Target 190+ SL 184
Renuka Sugar (686) Target 700+ SL 680
RCOM (564) Target 575 SL 560
IDBI (139) Target 142-145 SL 137
IDFC (137) Target 140-142 SL 135
Voltas (157) Target 162-165 SL 154
IVR Prime (388) Target 400 SL 384
TVToday (151) Target 155 SL 148
ENIL (509) Target 520 SL 505
Short Sell: Sail (185), Suzlon (1470), Reliance Infra (865), REL (948)
Good Luck
Wednesday, September 19, 2007
Marekts Today
It was a phenomenal session for equity markets across the globe giving some blow out moves. Markets saw an emphatic breakout celebrating the rate cut of 50 bps in the discount rate by the Fed chief Ben Bernanke. This rate cut comes after four years on account of recession concerns in the US. During the last four years there have been 17 consecutive rate hikes and yesterday we saw a rate cut of 50 bps. Analysts are seeing this as positive and a bold move by the Fed in order to take charge of the slowdown in US.
It was a historic session for Sensex, which was up 4% or 600 points breaching 16,000 and staying well above outperforming most of the Asian peers. It was the biggest single day points gain for Sensex. The euphoria was wide spread in scrips across sectors. Sugar was the story of the day. After a long time sugar rallied with some of sugar stocks locked in upper circuit on sops being given to sugar companies.
Rate sensitive were also among the star performers whether it was banking, property or auto.
Banking & financial stocks like HDFC and HDFC Bank saw big moves and were up 8% followed by ICICI Bank and SBI. Giving them company from the realty space were DLF, Unitech, HDIL.
Stocks like SBI, SAIL, Reliance, RPL, HDFC, BHEL and Tata Steel hit their life time highs. Reliance market cap hit Rs 3 lakh crore.
Sensex was up 653.63 points or 4.17% at 16322.75, and the Nifty up 186.15 points or 4.09% at 4732.35.
About 1643 shares have advanced, 1301 shares declined, and 86 shares are unchanged.
The BSE Midcap Index ended at 7,116.61 up 132 points or 1.9%.
The BSE Smallcap Index ended at 8,871.00 up 90 points or 1%.
The BSE Capital Goods Index was closed at 14,112.99 up 2%. Triveni Engg, Praj Industries, Lakshmi Machine, Reliance Infra, Carborundum, Bharat Bijlee, Thermax closed higher.
The BSE Auto Index closed closed at 5,094.31 up 3.5%. Maruti Udyog, Bajaj Auto, Mah and Mah, Hero Honda, Tata Motors ended in the green.
The BSE Metal Index closed at 12,546.34 up 4%. SAIL, Sterlite Ind, Tata Steel, Hindalco, JSW Steel, Hind Zinc advanced.
The BSE FMCG Index gained 2% at 2,140.91. ITC, HUL, Britannia, Marico, Colgate, Tata Tea ended higher.
BSE Oil and Gas Index closed at 8,924.11 up 5%. Reliance Petro, Reliance Natura, GAIL, Reliance closed in green.
The BSE IT Index closed at 4,491.21 up 2.4%. Infosys, Tech Mahindra, Mphasis, I-Flex Solution, HCL Tech, Satyam, Patni Computer closed higher.
The BSE Bankex was up 5% at 8,691.45. HDFC Bank, Bank of Baroda, ICICI Bank, PNB, SBI closed higher.
The NSE cash turnover was at Rs 16470.54 crore and the NSE F&O turnover was at Rs 68643.65 crore. The BSE cash turnover was Rs 7455.94 crore. Total market wide turnover was at Rs 92570.13 crore.
It was a historic session for Sensex, which was up 4% or 600 points breaching 16,000 and staying well above outperforming most of the Asian peers. It was the biggest single day points gain for Sensex. The euphoria was wide spread in scrips across sectors. Sugar was the story of the day. After a long time sugar rallied with some of sugar stocks locked in upper circuit on sops being given to sugar companies.
Rate sensitive were also among the star performers whether it was banking, property or auto.
Banking & financial stocks like HDFC and HDFC Bank saw big moves and were up 8% followed by ICICI Bank and SBI. Giving them company from the realty space were DLF, Unitech, HDIL.
Stocks like SBI, SAIL, Reliance, RPL, HDFC, BHEL and Tata Steel hit their life time highs. Reliance market cap hit Rs 3 lakh crore.
Sensex was up 653.63 points or 4.17% at 16322.75, and the Nifty up 186.15 points or 4.09% at 4732.35.
About 1643 shares have advanced, 1301 shares declined, and 86 shares are unchanged.
The BSE Midcap Index ended at 7,116.61 up 132 points or 1.9%.
The BSE Smallcap Index ended at 8,871.00 up 90 points or 1%.
The BSE Capital Goods Index was closed at 14,112.99 up 2%. Triveni Engg, Praj Industries, Lakshmi Machine, Reliance Infra, Carborundum, Bharat Bijlee, Thermax closed higher.
The BSE Auto Index closed closed at 5,094.31 up 3.5%. Maruti Udyog, Bajaj Auto, Mah and Mah, Hero Honda, Tata Motors ended in the green.
The BSE Metal Index closed at 12,546.34 up 4%. SAIL, Sterlite Ind, Tata Steel, Hindalco, JSW Steel, Hind Zinc advanced.
The BSE FMCG Index gained 2% at 2,140.91. ITC, HUL, Britannia, Marico, Colgate, Tata Tea ended higher.
BSE Oil and Gas Index closed at 8,924.11 up 5%. Reliance Petro, Reliance Natura, GAIL, Reliance closed in green.
The BSE IT Index closed at 4,491.21 up 2.4%. Infosys, Tech Mahindra, Mphasis, I-Flex Solution, HCL Tech, Satyam, Patni Computer closed higher.
The BSE Bankex was up 5% at 8,691.45. HDFC Bank, Bank of Baroda, ICICI Bank, PNB, SBI closed higher.
The NSE cash turnover was at Rs 16470.54 crore and the NSE F&O turnover was at Rs 68643.65 crore. The BSE cash turnover was Rs 7455.94 crore. Total market wide turnover was at Rs 92570.13 crore.
Source:moneycontrol.com
Intraday Calls for 19th September
Market can open with gap up and it can even touch 16000 mark today.
Buy for intraday (Do not buy if open too high):
Exide Industries
India Cement
ITC
Reliance Energy
SBI
Bank of Baroda
Sasken Communication
Escorts
Skumar Nation
Shringar Cinema
Prithvi Info
Good Luck
Buy for intraday (Do not buy if open too high):
Exide Industries
India Cement
ITC
Reliance Energy
SBI
Bank of Baroda
Sasken Communication
Escorts
Skumar Nation
Shringar Cinema
Prithvi Info
Good Luck
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