Nifty supports are 4280, 4260 and resistance are 4310 and then 4325.
Sensex Supports are 14475, 14450 and resistance are 14525 and then 14565.
High volatility can be seen in today's market but will remains flat.
Buy Petronet LNG @ Rs. 53/- Target Rs. 56-58/- SL Rs. 51/-
Buy Siemens @ 1285-1290/- Target Rs. 1300-1320/- SL Rs. 1280/-
Buy GDL @ Rs. 185/- Target Rs. 190-192/- SL Rs. 182/-
Buy Jaiprakash Associates @ Rs. 685-690/- Target Rs. 710-725/- SL Rs. 680/-
Buy Sintex @ Rs. 215/- Target Rs. 220-222-225/- SL Rs. 212/-
Buy Hindalco @ Rs. 144-145/- Target Rs. 150-152/- SL Rs. 141/- (One can buy its delivery also for 5-10 days target of Rs. 160-165/- with strict SL of Rs. 139/-)
Buy Rain Calcining @ Rs. 37/- Target Rs. 39-40/- SL Rs. 35/-
Others buy are Great Offshore (772), KPIT (141), IFCI(48.5), Visu Intl(13.4), Paramount Communication (36), Andhra Bank (89).
New listing today are: MIC Electronics, Insecticides India.
Good Luck.
Wednesday, May 30, 2007
Tuesday, May 29, 2007
Markets Today
The markets had a good close much better than most of its Asian peers. It opened weak and traded flat for better part of the day but perked up with buying seen in capital good stocks like BHEL and L&T, followed by Reliance group stocks and pharma stocks like Cipla and Ranbaxy. Midcaps held out their gains giving markets positive breadth. Even the smallcap index closed with gains of over 0.7%. The turnover was high, chunk of it coming from the F&O.
Except for IT and FMCG all the BSE sector indices closed in green. There was lot of action in individual midcaps from metal space like Ispat, real estate stocks like Orbit and brokerage and financial services stock.
L&T came out with fourth quarter results and BHEL which will get ex-bonus shortly were the top gainers.
With F&O expiry coming Nifty rollover was 38%, frontliners like Cipla with 51% rollover and Reliance Communication with 45%. Among the active midcaps with over 50% rollover were RNRL, RPL, IFCI.
Sensex is up 110.32 points or 0.77% at 14508.21, and the Nifty up 36.70 points or 0.86% at 4293.25.
About 1328 shares have advanced, 1194 shares declined, and 102 shares are unchanged.
The BSE Midcap index ended at 6,254.51 up 48 points or 0.8%.
The BSE Smallcap Index ended at 7,388.33 up 54 points or 0.7%.
The BSE Bankex was up 0.5% at 7,600.79. IOB, Centurion BoP, HDFC Bank, UTI Bank, SBI moved upwards.
The BSE Capital Goods Index was up 2.8% at 10,896.14. BHEL, Crompton Greave, Carborundum, HEG, L&T closed higher.
The BSE Health Care Index was up 1.7% at 3,857.53. Novartis India, Orchid Chemical, Cipla, Sterling Bio, Sun Pharma closed higher.
The BSE Metal Index closed at 10,494.25 up 0.4%. Welspun Guj, Jindal Saw, JSW Steel, Tata Steel, Jindal Steel advanced higher.
The BSE FMCG Index down 0.2% at 1,914.25. Tata Tea, GlaxoSmith Con, United Spirits, Nestle closed lower.
BSE Oil and Gas Index closed higher at 7,792.63 up 1.2%. Petronet LNG, Reliance Natura, Reliance, ONGC ended in green.
The BSE IT Index lost 0.1% at 4,908.15. Hexaware Tech, Infosys, HCL Info were among the top losers
The BSE Auto Index closed at 4,957.53 up 0.8%. Mah and Mah, MRF, Sundram, Punj Tractors, Bharat Forge closed higher.
The NSE cash turnover was at Rs 9321.99 crore and the NSE F&O turnover was at Rs 43290.08 crore. The BSE cash turnover was Rs 4576.77 crore. Total market wide turnover was at Rs 57188.84 crore.
Except for IT and FMCG all the BSE sector indices closed in green. There was lot of action in individual midcaps from metal space like Ispat, real estate stocks like Orbit and brokerage and financial services stock.
L&T came out with fourth quarter results and BHEL which will get ex-bonus shortly were the top gainers.
With F&O expiry coming Nifty rollover was 38%, frontliners like Cipla with 51% rollover and Reliance Communication with 45%. Among the active midcaps with over 50% rollover were RNRL, RPL, IFCI.
Sensex is up 110.32 points or 0.77% at 14508.21, and the Nifty up 36.70 points or 0.86% at 4293.25.
About 1328 shares have advanced, 1194 shares declined, and 102 shares are unchanged.
The BSE Midcap index ended at 6,254.51 up 48 points or 0.8%.
The BSE Smallcap Index ended at 7,388.33 up 54 points or 0.7%.
The BSE Bankex was up 0.5% at 7,600.79. IOB, Centurion BoP, HDFC Bank, UTI Bank, SBI moved upwards.
The BSE Capital Goods Index was up 2.8% at 10,896.14. BHEL, Crompton Greave, Carborundum, HEG, L&T closed higher.
The BSE Health Care Index was up 1.7% at 3,857.53. Novartis India, Orchid Chemical, Cipla, Sterling Bio, Sun Pharma closed higher.
The BSE Metal Index closed at 10,494.25 up 0.4%. Welspun Guj, Jindal Saw, JSW Steel, Tata Steel, Jindal Steel advanced higher.
The BSE FMCG Index down 0.2% at 1,914.25. Tata Tea, GlaxoSmith Con, United Spirits, Nestle closed lower.
BSE Oil and Gas Index closed higher at 7,792.63 up 1.2%. Petronet LNG, Reliance Natura, Reliance, ONGC ended in green.
The BSE IT Index lost 0.1% at 4,908.15. Hexaware Tech, Infosys, HCL Info were among the top losers
The BSE Auto Index closed at 4,957.53 up 0.8%. Mah and Mah, MRF, Sundram, Punj Tractors, Bharat Forge closed higher.
The NSE cash turnover was at Rs 9321.99 crore and the NSE F&O turnover was at Rs 43290.08 crore. The BSE cash turnover was Rs 4576.77 crore. Total market wide turnover was at Rs 57188.84 crore.
Source: moneycontrol.com
Intraday Calls for 29th May
Nifty: Supports are 4230 and 4200 and Resistance are 4285 and 4300.
Sensex: Supports are 14350 14300 and Resistance are 14440 and 14500. (if breaks 14500 then it will make new highs soon)
Buy Andhra Bank @ 91/- Target Rs. 95/- SL Rs. 89/-
Buy Unitech above Rs. 600/- target Rs. 620-630/- SL Rs. 590/-
Buy Bharati Shipyard @ Rs. 435/- Target Rs. 445-450/- SL Rs. 430/- (New contract from Germany)
Buy Gokaldas Export @ 221/- Target Rs. 230/- SL Rs. 218/- (Fresh Breakout & Good Results)
Buy Paramount Communication @ Rs. 31-32/- Target Rs. 35-37/- SL Rs. 30/-
Buy Cinemax @ Rs.154/- Target Rs. 160-165/- SL Rs. 151/-\
Others Buy are Advanta(1000), Autoline Industries(228), Carborundum Universal (Above Rs. 168/-), Punj Llyod(193), RNRL(36), RIL (Resistance at 1730)
Be carefull as high volatility can be seen in today's trade.
Sensex: Supports are 14350 14300 and Resistance are 14440 and 14500. (if breaks 14500 then it will make new highs soon)
Buy Andhra Bank @ 91/- Target Rs. 95/- SL Rs. 89/-
Buy Unitech above Rs. 600/- target Rs. 620-630/- SL Rs. 590/-
Buy Bharati Shipyard @ Rs. 435/- Target Rs. 445-450/- SL Rs. 430/- (New contract from Germany)
Buy Gokaldas Export @ 221/- Target Rs. 230/- SL Rs. 218/- (Fresh Breakout & Good Results)
Buy Paramount Communication @ Rs. 31-32/- Target Rs. 35-37/- SL Rs. 30/-
Buy Cinemax @ Rs.154/- Target Rs. 160-165/- SL Rs. 151/-\
Others Buy are Advanta(1000), Autoline Industries(228), Carborundum Universal (Above Rs. 168/-), Punj Llyod(193), RNRL(36), RIL (Resistance at 1730)
Be carefull as high volatility can be seen in today's trade.
Monday, May 28, 2007
Market Rumours
Amar Remedies CMP Rs. 35.75/- It can bounce anytime and will touch Rs. 50/-
Hindalco CMP Rs. 143/- It will touch its 52 week high (194.8) in coming months and make new highs.
UTV Software CMP Rs. 484/- will be in four figure price by the March 2008.
Hindalco CMP Rs. 143/- It will touch its 52 week high (194.8) in coming months and make new highs.
UTV Software CMP Rs. 484/- will be in four figure price by the March 2008.
Markets Today
The markets gave up their gains and ended with modest gains on account of profit booking that set in during the last hour of trade. It opened strong and traded firm for better part of the day but failed to sustain its position at the higher level.
With rupee hitting new highs, the IT stocks continue to struggle. TCS CFO has said that Q1FY08 average rupee rate is seen below 41per USD.IT majors like Wipro, Infosys and Satyam were among the top losers. Metal stocls like SAIL and Sterlite Industries also contributed to the fall.
Buying interest was seen in banking, auto and pharma stocks. HDFC Bank, GSK, L&T, Ambuja Cements, Dabur India were among the top gainers.
Unitech has declared strong numbers for FY07 and the stock was up over 8%. Its board has approved 1:1 bonus issue.
India Infoline was the star performer in todays trade which surged nearly 30% on the back of its entry into institutional segment.
Sensex was up 59.44 points or 0.41% at 14397.89, and the Nifty up 8.40 points or 0.20% at 4256.55.
About 1438 shares have advanced, 1080 shares declined, and 96 shares are unchanged.
The BSE Midcap Index ended at 6,206.70 up 1.03%.
The BSE Smallcap Index ended at 7,334.64 up 68.72 points or 1%.
The BSE Bankex was up 1.39% at 7,564.08. Andhra Bank, HDFC Bank, Allahabad Bank, Bank of Baroda, Oriental Bank moved upwards.
The BSE Capital Goods Index was up 0.8% at 10,598.38. Thermax, Ingersoll Rand, Crompton Greave, KEC Infrastruct, Larsen, Bharat Elec closed higher.
The BSE Health Care Index was up 1.3% at 3,793.09. GlaxoSmithKline, Divis Labs, Pfizer, Sterling Bio, Wockhardt closed higher.
The BSE Auto Index closed at 4,917.90 up 1.2%. MRF, TVS Motor, MICO, Tube Investment, Amtek Auto closed in the red.
The BSE Metal Index closed at 10,454.88 down 0.2%. SAIL, Sterlite Ind, JSW Steel, JindalStainless, Hind Zinc declined.
The BSE FMCG Index gained 0.3% at 1,918.50. United Spirits, GlaxoSmith Con, Britannia, Tata Tea closed higher.
BSE Oil and Gas Index closed higher at 7,701.07 up 0.2%. Chennai Petro, Reliance Natura, GAIL, Petronet LNG ended in green.
The BSE IT Index lost 0.9% at 4,915.25. HCL Tech, I-Flex Solution, Infosys, Satyam, Wipro closed lower.
The NSE cash turnover was at Rs 9300.3 crore and the NSE F&O turnover was at Rs 39304.2 crore. The BSE cash turnover was Rs 4194.04 crore. Total market wide turnover was at Rs 52798.54 crore.
With rupee hitting new highs, the IT stocks continue to struggle. TCS CFO has said that Q1FY08 average rupee rate is seen below 41per USD.IT majors like Wipro, Infosys and Satyam were among the top losers. Metal stocls like SAIL and Sterlite Industries also contributed to the fall.
Buying interest was seen in banking, auto and pharma stocks. HDFC Bank, GSK, L&T, Ambuja Cements, Dabur India were among the top gainers.
Unitech has declared strong numbers for FY07 and the stock was up over 8%. Its board has approved 1:1 bonus issue.
India Infoline was the star performer in todays trade which surged nearly 30% on the back of its entry into institutional segment.
Sensex was up 59.44 points or 0.41% at 14397.89, and the Nifty up 8.40 points or 0.20% at 4256.55.
About 1438 shares have advanced, 1080 shares declined, and 96 shares are unchanged.
The BSE Midcap Index ended at 6,206.70 up 1.03%.
The BSE Smallcap Index ended at 7,334.64 up 68.72 points or 1%.
The BSE Bankex was up 1.39% at 7,564.08. Andhra Bank, HDFC Bank, Allahabad Bank, Bank of Baroda, Oriental Bank moved upwards.
The BSE Capital Goods Index was up 0.8% at 10,598.38. Thermax, Ingersoll Rand, Crompton Greave, KEC Infrastruct, Larsen, Bharat Elec closed higher.
The BSE Health Care Index was up 1.3% at 3,793.09. GlaxoSmithKline, Divis Labs, Pfizer, Sterling Bio, Wockhardt closed higher.
The BSE Auto Index closed at 4,917.90 up 1.2%. MRF, TVS Motor, MICO, Tube Investment, Amtek Auto closed in the red.
The BSE Metal Index closed at 10,454.88 down 0.2%. SAIL, Sterlite Ind, JSW Steel, JindalStainless, Hind Zinc declined.
The BSE FMCG Index gained 0.3% at 1,918.50. United Spirits, GlaxoSmith Con, Britannia, Tata Tea closed higher.
BSE Oil and Gas Index closed higher at 7,701.07 up 0.2%. Chennai Petro, Reliance Natura, GAIL, Petronet LNG ended in green.
The BSE IT Index lost 0.9% at 4,915.25. HCL Tech, I-Flex Solution, Infosys, Satyam, Wipro closed lower.
The NSE cash turnover was at Rs 9300.3 crore and the NSE F&O turnover was at Rs 39304.2 crore. The BSE cash turnover was Rs 4194.04 crore. Total market wide turnover was at Rs 52798.54 crore.
Source: moneycontrol.com
Intraday Calls for 28th May
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)
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)
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