Nifty: Support are 4215 , 4175, Above 4255 next Resistance are 4289 and 4330.
Sensex: Support 14250, Resistance are 14453 and 14500.
Buy TCS @ Rs. 1230/- Target Rs. 1245-1255/- SL Rs. 1222/- (Ultimate 1300+)
Buy Wipro @ Rs. 542/- Target Rs. 550-552/- SL Rs. 538/-
Buy NTPC @ Rs. 163/- Target Rs. 165-168/- SL Rs. 160/-
Buy OTL @ Rs. 28/- Target Rs. 30-32/- SL Rs. 26/-
Buy Carborundum Universal @ Rs. 174/- Target Rs. 182-185/- SL Rs. 170/-
Buy IDEA Above Rs. 127/- Target Rs. 130/- SL Rs. 125/-
Others buy are Redington(195), Karur KCP(58), Cinemax(145), Jupiter Bio(171) & Manugraph (148)
Monday, May 28, 2007
Saturday, May 26, 2007
Friday, May 25, 2007
Markets Today
The markets closed on an impressive note outperforming most of its Asian peers. After opening with a gap down of around 170 points, it showed smart recovery and ended the day with good gains. The uptrend was boosted by capital goods, IT and FMCG goods. Suzlon was the star of the day after it bagged the RePower deal. Suzlon now controls over 60% of REPower both direct & indirect.
The Asian markets slipped tracking the US markets. Other than Shanghai Composite all the Asian indices ended in red.
Sensex ended up 120.34 points or 0.85% at 14338.45, and the Nifty was up 43.25 points or 1.03% at 4248.15. About 1373 shares have advanced, 1142 shares declined, and 87 shares are unchanged.
Tata Tea has gained over 4.5% after Coca Cola board approved purchase of Glaceau for USD 4.2 bn. Tata Tea bought 30% stake in Glaceau last year for USD 677 mn
The BSE Midcap Index ended at 6,143.14 up 42.67 points or 0.7%.
The BSE Smallcap Index ended at 7,265.92 up 64.17 points or 0.89%.
The BSE Capital Goods Index was up 2.53% at 10,512.75. Carborundum, SKF India, Larsen, BEML and KEC Infrastructure closed higher.
The BSE Health Care Index was up 0.20% at 3,746.02. Glenmark, Orchid Chemical, Ipca Labs, Nicholas Pirama and Wyeth closed higher.
The BSE Auto Index closed at 4,860.08 up 0.38%. Tata Motors, Bharat Forge, Punj Tractors, Sundaram-Clayto surged.
The BSE Metal Index closed at 10,472.80 up 0.10%. JindalStainless, Sterlite Industries, Jindal Steel, Guj NRE Coke and Jindal Saw advanced higher.
The BSE FMCG Index gained 0.53% at 1,912.09. Tata Tea, Shaw Wallace, P and G, Nirma and Britannia closed higher.
BSE Oil and Gas Index closed higher at 7,685.32 up 0.39%. O Reliance Natural, GAIL, ONGC and Petronet LNG ended in green.
The BSE IT Index gained 2.49% at 4,959.36. Patni Computer, HCL Tech, Satyam, Infosys and Mphasis closed higher.
The BSE Bankex was down 0.16% at 7,467.38.However, Federal Bank, Oriental Bank, Allahabad Bank, SBI, Bank of Baroda moved upwards.
The NSE cash turnover was at Rs 9813.65 crore and the NSE F&O turnover was at Rs 42530.32 crore. The BSE cash turnover was Rs 5023.46 crore. Total market wide turnover was at Rs 57367.43 crore.
On the macroeconomic front, inflation for the week ended may 12 at 5.27% versus 5.44%; market estimated at 5.22%.
The Asian markets slipped tracking the US markets. Other than Shanghai Composite all the Asian indices ended in red.
Sensex ended up 120.34 points or 0.85% at 14338.45, and the Nifty was up 43.25 points or 1.03% at 4248.15. About 1373 shares have advanced, 1142 shares declined, and 87 shares are unchanged.
Tata Tea has gained over 4.5% after Coca Cola board approved purchase of Glaceau for USD 4.2 bn. Tata Tea bought 30% stake in Glaceau last year for USD 677 mn
The BSE Midcap Index ended at 6,143.14 up 42.67 points or 0.7%.
The BSE Smallcap Index ended at 7,265.92 up 64.17 points or 0.89%.
The BSE Capital Goods Index was up 2.53% at 10,512.75. Carborundum, SKF India, Larsen, BEML and KEC Infrastructure closed higher.
The BSE Health Care Index was up 0.20% at 3,746.02. Glenmark, Orchid Chemical, Ipca Labs, Nicholas Pirama and Wyeth closed higher.
The BSE Auto Index closed at 4,860.08 up 0.38%. Tata Motors, Bharat Forge, Punj Tractors, Sundaram-Clayto surged.
The BSE Metal Index closed at 10,472.80 up 0.10%. JindalStainless, Sterlite Industries, Jindal Steel, Guj NRE Coke and Jindal Saw advanced higher.
The BSE FMCG Index gained 0.53% at 1,912.09. Tata Tea, Shaw Wallace, P and G, Nirma and Britannia closed higher.
BSE Oil and Gas Index closed higher at 7,685.32 up 0.39%. O Reliance Natural, GAIL, ONGC and Petronet LNG ended in green.
The BSE IT Index gained 2.49% at 4,959.36. Patni Computer, HCL Tech, Satyam, Infosys and Mphasis closed higher.
The BSE Bankex was down 0.16% at 7,467.38.However, Federal Bank, Oriental Bank, Allahabad Bank, SBI, Bank of Baroda moved upwards.
The NSE cash turnover was at Rs 9813.65 crore and the NSE F&O turnover was at Rs 42530.32 crore. The BSE cash turnover was Rs 5023.46 crore. Total market wide turnover was at Rs 57367.43 crore.
On the macroeconomic front, inflation for the week ended may 12 at 5.27% versus 5.44%; market estimated at 5.22%.
Source: moneycontrol.com
Intraday Calls for 25th May
The Sensex could see support at 14,131 further fall, while could face resistance at 14,347 on a rebound. Nifty has immediate resistance at 4225-4242 and then at 4267. On the downside, Nifty has support at 4186-4168 and further below at 4132.
Buy NTPC on decline around Rs. 158-160/- Target Rs. 165/- SL Rs. 155/-
Buy BOB on decline around Rs. 260-265/- Target Rs. 270-275/- SL Rs. 255/-
Buy Andhra Bank around Rs. 86-87/- Target Rs. 92/- SL Rs. 84/-
Buy TVS Motor around Rs. 66/- Target Rs. 69-72/- SL Rs. 64/-
Buy Agro Tech Food around Rs. 125/- Target Rs. 132-135/- SL Rs. 120/-
Others are Accentia Technologies Ltd (Rs. 80 Cr. new order), RNRL, Sterlite Optical, BPCL (Super Duper Results), Reliance Energy, Orbit Crop. all are buys on decline as market will open negative.
Buy NTPC on decline around Rs. 158-160/- Target Rs. 165/- SL Rs. 155/-
Buy BOB on decline around Rs. 260-265/- Target Rs. 270-275/- SL Rs. 255/-
Buy Andhra Bank around Rs. 86-87/- Target Rs. 92/- SL Rs. 84/-
Buy TVS Motor around Rs. 66/- Target Rs. 69-72/- SL Rs. 64/-
Buy Agro Tech Food around Rs. 125/- Target Rs. 132-135/- SL Rs. 120/-
Others are Accentia Technologies Ltd (Rs. 80 Cr. new order), RNRL, Sterlite Optical, BPCL (Super Duper Results), Reliance Energy, Orbit Crop. all are buys on decline as market will open negative.
Thursday, May 24, 2007
Market Today
It was a disappointing close for the markets. It ended in red near the lowest point of the day. The global cues were not very encouraging as well. Broader markets have performed a shade better. Breadth was quite weak but midcap and smallcap were not hit as badly. Heavy selling pressure was seen in banking, metal and oil & gas stocks. However, select technology, HLL, media stocks closed in green.
Steel stocks were under pressure leading the downtrend was Tata Steel. The Steel Mininstry has said that there is no question of steel prices rising as of now.
Bank stocks ended in red on fears of hike in the CRR going ahead.
Advanta India, Matrix, Arihant, NIIT Tech, Divis Labs, Timken and Deccan Aviation were the stocks that performed better in the broader space. Even media stocks like Balaji, UTV, Sun TV, Raj TV closed higher.
Sensex was down 145.15 points or 1.01% at 14218.11, and the Nifty down 41.30 points or 0.97% at 4204.9.
About 996 shares have advanced, 1513 shares declined, and 87 shares are unchanged.
Top gainers on the indices were NTPC, HLL, Satyam, ABB, Reliance Petro, HCL Tech and Tata Motors.
Top losers on the indices are Tata Steel, PNB, HPCL, Reliance Energy, Reliance Comm and HDFC Bank.
The BSE Small Cap Index closed at 7,201.75 down 0.5%.
The BSE Midcap Index ended at 6,100.47 down 8 points or 0.14%.
The BSE FMCG Index gained 0.2% at 1,901.96. United Spirits, P and G, Nirma, Nestle closed in red.
The BSE Metal Index was down 1.6% to close at 10,462.28. Tata Steel, Welspun Guj, JSW Steel, Hindalco
were among the losers.
The BSE Bankex was down 1.5% at 7,479.29. PNB, IOB, Oriental Bank, Union Bank, UTI Bank moved downwards.
The BSE Health Care Index was down 0.5% at 3,738.66. Aurobindo Pharm, Glenmark, Cadila Health, Sun Pharma, Ranbaxy Labs closed lower.
The BSE Capital Goods Index was down 0.4% at 10,252.98. Alfa Laval, Thermax, KEC Infrastruct, HEG, L&T ended higher
The BSE Auto Index closed flat at 4,841.56. MICO, TVS Motor, Tata Motors, Sundram were among the gainers.
The BSE IT Index closed at 5,067.73 up 0.3%. HCL Info, HCL Tech, Satyam, Infosys ended higher.
The BSE Oil and Gas Index closed at 7,655.33 down 1.5%. HPCL, IOC, BPCL, Reliance, ONGC ended weak.
The NSE cash turnover was at Rs 9550.97 crore and the NSE F&O turnover was at Rs 34762.53 crore. The BSE cash turnover was Rs 4441.96 crore. Total market wide turnover was at Rs 48755.46 crore.
Steel stocks were under pressure leading the downtrend was Tata Steel. The Steel Mininstry has said that there is no question of steel prices rising as of now.
Bank stocks ended in red on fears of hike in the CRR going ahead.
Advanta India, Matrix, Arihant, NIIT Tech, Divis Labs, Timken and Deccan Aviation were the stocks that performed better in the broader space. Even media stocks like Balaji, UTV, Sun TV, Raj TV closed higher.
Sensex was down 145.15 points or 1.01% at 14218.11, and the Nifty down 41.30 points or 0.97% at 4204.9.
About 996 shares have advanced, 1513 shares declined, and 87 shares are unchanged.
Top gainers on the indices were NTPC, HLL, Satyam, ABB, Reliance Petro, HCL Tech and Tata Motors.
Top losers on the indices are Tata Steel, PNB, HPCL, Reliance Energy, Reliance Comm and HDFC Bank.
The BSE Small Cap Index closed at 7,201.75 down 0.5%.
The BSE Midcap Index ended at 6,100.47 down 8 points or 0.14%.
The BSE FMCG Index gained 0.2% at 1,901.96. United Spirits, P and G, Nirma, Nestle closed in red.
The BSE Metal Index was down 1.6% to close at 10,462.28. Tata Steel, Welspun Guj, JSW Steel, Hindalco
were among the losers.
The BSE Bankex was down 1.5% at 7,479.29. PNB, IOB, Oriental Bank, Union Bank, UTI Bank moved downwards.
The BSE Health Care Index was down 0.5% at 3,738.66. Aurobindo Pharm, Glenmark, Cadila Health, Sun Pharma, Ranbaxy Labs closed lower.
The BSE Capital Goods Index was down 0.4% at 10,252.98. Alfa Laval, Thermax, KEC Infrastruct, HEG, L&T ended higher
The BSE Auto Index closed flat at 4,841.56. MICO, TVS Motor, Tata Motors, Sundram were among the gainers.
The BSE IT Index closed at 5,067.73 up 0.3%. HCL Info, HCL Tech, Satyam, Infosys ended higher.
The BSE Oil and Gas Index closed at 7,655.33 down 1.5%. HPCL, IOC, BPCL, Reliance, ONGC ended weak.
The NSE cash turnover was at Rs 9550.97 crore and the NSE F&O turnover was at Rs 34762.53 crore. The BSE cash turnover was Rs 4441.96 crore. Total market wide turnover was at Rs 48755.46 crore.
Source: Moneycontrol.com
Intraday Calls for 24th May
NSE: It will take support 4221, 4195 and 4175, upper side it will face resistance 4256 and 4281.
BSE: It will take support 14290 and 14221, upper side it will face resistance 14396 and 14467.
Buy Bata India @ Rs.172-175/- Target Rs. 180-184/- SL Rs. 172/- (Undergoing Contract with Reliance Retail)
Buy IDEA @ Rs. 118/- Target Rs. 122-125/- SL Rs. 115/-
Buy NIIT Tech @ Rs. 520/- Target Rs. 530-535-540/- SL Rs. 515/-
Buy Visu International @ Rs. 13/- Target Rs. 15-16/- SL Rs. 12.5/- (High Risk Call)
Buy Pyramid Saimara (PSTL) @ Rs. 340/- Target Rs. 350/- SL Rs. 335/- (High Risk Call)
Sell Raj TV @ higher levels about Rs. 325-333/- Target Rs. 305/- SL Rs. 340/-
Others are Redington, Inox Leisure, Cinemax on buy side.
New listing today Hilton Metal Forging Ltd.
BSE: It will take support 14290 and 14221, upper side it will face resistance 14396 and 14467.
Buy Bata India @ Rs.172-175/- Target Rs. 180-184/- SL Rs. 172/- (Undergoing Contract with Reliance Retail)
Buy IDEA @ Rs. 118/- Target Rs. 122-125/- SL Rs. 115/-
Buy NIIT Tech @ Rs. 520/- Target Rs. 530-535-540/- SL Rs. 515/-
Buy Visu International @ Rs. 13/- Target Rs. 15-16/- SL Rs. 12.5/- (High Risk Call)
Buy Pyramid Saimara (PSTL) @ Rs. 340/- Target Rs. 350/- SL Rs. 335/- (High Risk Call)
Sell Raj TV @ higher levels about Rs. 325-333/- Target Rs. 305/- SL Rs. 340/-
Others are Redington, Inox Leisure, Cinemax on buy side.
New listing today Hilton Metal Forging Ltd.
Wednesday, May 23, 2007
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