Monday, July 16, 2007

Markets Today

It was a quiet day for the markets wherein it opened with marginal gains and remained rangebound for major part of the day and shut shop on flat note. It was disappointing day for the IT, pharma, FMCG and capital good stocks but realty, banking, consumer durable and metal space managed to attract decent buying interest today. Market breadth was slightly in favour of advancing stocks.
Sensex was up 38.50 points or 0.25% at 15311.22, and the Nifty up 7.60 points or 0.17% at 4512.15.
About 1453 shares have advanced, 1191 shares declined, and 57 shares are unchanged.
The BSE Midcap Index ended at 6,834.55 up 39 points or 0.6%.
The BSE Smallcap Index ended at 8,280.58 up 64 points or 0.80%.
The BSE Bankex was up 1.3% at 8,386.65. Allahabad Bank, Union Bank, Andhra Bank, Bank of Baroda, IOB, Kotak Mahindra moved upwards
The BSE Capital Goods Index was down 0.40% at 13,007.01. BEML, Kalpataru Power, Thermax, Carborundum, BHEL, Praj Industries closed lower.
The BSE Health Care Index was down 0.9% at 3,814.80. Glenmark, Ranbaxy Labs, Novartis India, Sun Pharma , Sterling Bio closed lower.
The BSE Auto Index closed at 5,080.79 up 0.4%. Bajaj Auto, Hind Motors, MRF, Apollo Tyres, Hero Honda, Ashok Leyland closed higher.
The BSE Metal Index closed at 12,090.98 up 0.8%. Shree Precoated, NALCO, Hindalco, Mah Seamless, Jindal Saw higher.
The BSE FMCG Index closed at 1,846.03 down 1%. United Brewerie, ,HUL, GlaxoSmith Con, P and G, Colgate closed higher.
BSE Oil and Gas Index closed at 7,869.77 up 0.6%. Reliance Natura, GAIL, ONGC, Petronet LNG ended in green.
The BSE IT Index lost 1% at 4,848.27. Mphasis, Wipro, Satyam, HCL Tech, Financial Tech closed lower.
The NSE cash turnover was at Rs 11499.51 crore and the NSE F&O turnover was at Rs 38884.18 crore. The BSE cash turnover was Rs 5271.75 crore. Total market wide turnover was at Rs 55655.44 crore.
Source: Moneycontrol.com

Intraday Calls for 16th July

Nifty support 4475, 4430 and Resistance 4520, 4535.
Sensex Support 15200 and Resistance 15380.

Market positive. May see some Resistance in first half but overall positive trade.

Buy HOPFL @ Rs. 320/- Target Rs. 335-340/- SL. Rs. 314/- (Tie up with Ansal Propertites)
Buy BRFL @ Rs. 234/- Target Rs. 240-245/- SL Rs. 230/-
Buy Century Textile @ Rs. 720/- Target Rs. 740/- SL Rs. 712/-
Buy Kirloskar Oil Eng @ Rs. 348/- Target Rs. 360/- SL Rs. 340/- (Ultimate target 400+ in short term)
Buy PFC @ Rs. 175/- Target Rs. 180+ SL Rs. 170/-
Buy HT Media @Rs. 238/- Target Rs. 245-248/- SL Rs. 232/-
Buy Hind Oil Explo @ Rs. 140/- Target Rs. 145-148/- SL Rs. 135/-

Others are: Selan Explo, Asian Oilfield, Bank of Baroda, Syndicate Bank, Indusind Bank, UCO Bank (Short Term Target 30+), Celebrity Fashion, WWIL, ZEE Tele.

Good Luck.

Disclaimer

The information in this publication is provided by http://www.moneybazzar.blogspot.com/ is intended for use for Readers & Traders . Every effort is made to provide accurate information, but http://www.moneybazzar.blogspot.com/ cannot guarantee the accuracy of the information or of the market analysis. This is a newsletter and is for informational purposes only. It is not a solicitation or offer to buy or sell futures. There is a high risk of loss in trading futures. You should not trade with money that you cannot afford to lose. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this newsletter. The past performance of any trading system or methodology is not necessarily indicative of future results.



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