Nifty: Support is 4140 and resistance are 4175, 4190.
Sensex: Support is 14000 and Resistance are 14150, 14200.
Market will open with gap up but can see resistance in 2nd half, market should be remain positive today.
Buy Nitin Fire @ Rs. 415-420/- Target Rs. 430-445/- SL Rs. 408/-
Buy Crompton Greave @ Rs. 243/- Target Rs. 250-255- SL Rs. 238/-
Buy Unitech @ Rs. 505-510/- Target Rs. 525-535/- SL Rs. 500/-
Buy Tata Steel above Rs. 590/- Target Rs. 600-610/- SL Rs. 582/-
Buy IDBI @ Rs. 101/- Target Rs. 105-107/- SL Rs. 99/-
Buy GTL @ Rs. 220/- Target Rs. 225-230/- SL Rs. 216/-
Others are: RNRL (34), Moser Baer (454), Mphasis BFL (325), Indiabulls (500), Indiainfoline (624), Paramount Communication (35.5).
Good Luck.
Monday, June 11, 2007
Friday, June 8, 2007
Markets Today
The markets closed with a sharp cut amid a highly volatile session. It opened in red and throughout the day made attempts to move in the positive terrain but saw a heavy sell off in the final hour of trade. The fall was inline with equity markets across Asia. Although the inflation numbers came in as a good news but failed to keep markets up.
Inflation numbers for week ended May 26 at 4.85% versus 5.06%; market estimated 5.05%. It is much below market expectation and has dropped to 43 week low.
The broader also closed in red but the cut was not as deep as it was in the frontline indices. Selling pressure was seen in scrips across sectors. Metal, auto and FMCG stocks were among the major losers.
The only index to close in green was BSE IT index, it was up over 0.5%.
Even on weekly basis the markets had a bumpy ride with Sensex down 3.5% or 500 points and Nifty down 3.5% or 150 points.
Sensex was down 122.37 points or 0.86% at 14063.81, and the Nifty down 34.50 points or 0.83% at 4145.
About 931 shares have advanced, 1450 shares declined, and 73 shares are unchanged.
The BSE Small Cap Index closed at 7,342.59 down 48 points or 0.7%.
The BSE Midcap Index ended at 6,156.22 down 32 points or 0.51%.
The BSE FMCG Index wad down 1.8% at 1,779.10. ITC, Bata India, Godrej Consumer, United Spirits, Tata Tea closed in red.
The BSE Metal Index closed at 10,242.72 down 1.8%. Tata Steel, SAIL, Shree Precoated, JindalStainless, Jindal Steel were among the losers.
The BSE Bankex was down 1% at 7,441.25. Oriental Bank, Federal Bank, Kotak Mahindra, Centurion BoP, HDFC Bank, Bank of India moved downwards.
The BSE Health Care Index ended lower by 0.8% at 3,741.15. Dr Reddys Labs, Ranbaxy Labs, Aventis Pharma, Glenmark, Novartis India closed lower.
The BSE Capital Goods Index was down 1.1 at 10,841.37. SKF India, Gammon India, Suzlon Energy, BHEL, AIA Engineering ended lower
The BSE Auto Index closed at 4,700.71 down 2.3%. MICO, Maruti Udyog, TVS Motor, Tata Motors, Escorts were among the losers.
The BSE IT Index closed at 4,986.81 up 0.6%. Satyam, Financial Tech, TCS, HCL Tech, Wipro were among the gainers.
The BSE Oil and Gas Index closed at 7,372.05 down 0.3%. BPCL, HPCL, IOC, Reliance Natura ended in red.
The NSE cash turnover was at Rs 10558.93 crore and the NSE F&O turnover was at Rs 41842.93 crore. The BSE cash turnover was Rs 4599.09 crore. Total market wide turnover was at Rs 57000.95 crore.
Inflation numbers for week ended May 26 at 4.85% versus 5.06%; market estimated 5.05%. It is much below market expectation and has dropped to 43 week low.
The broader also closed in red but the cut was not as deep as it was in the frontline indices. Selling pressure was seen in scrips across sectors. Metal, auto and FMCG stocks were among the major losers.
The only index to close in green was BSE IT index, it was up over 0.5%.
Even on weekly basis the markets had a bumpy ride with Sensex down 3.5% or 500 points and Nifty down 3.5% or 150 points.
Sensex was down 122.37 points or 0.86% at 14063.81, and the Nifty down 34.50 points or 0.83% at 4145.
About 931 shares have advanced, 1450 shares declined, and 73 shares are unchanged.
The BSE Small Cap Index closed at 7,342.59 down 48 points or 0.7%.
The BSE Midcap Index ended at 6,156.22 down 32 points or 0.51%.
The BSE FMCG Index wad down 1.8% at 1,779.10. ITC, Bata India, Godrej Consumer, United Spirits, Tata Tea closed in red.
The BSE Metal Index closed at 10,242.72 down 1.8%. Tata Steel, SAIL, Shree Precoated, JindalStainless, Jindal Steel were among the losers.
The BSE Bankex was down 1% at 7,441.25. Oriental Bank, Federal Bank, Kotak Mahindra, Centurion BoP, HDFC Bank, Bank of India moved downwards.
The BSE Health Care Index ended lower by 0.8% at 3,741.15. Dr Reddys Labs, Ranbaxy Labs, Aventis Pharma, Glenmark, Novartis India closed lower.
The BSE Capital Goods Index was down 1.1 at 10,841.37. SKF India, Gammon India, Suzlon Energy, BHEL, AIA Engineering ended lower
The BSE Auto Index closed at 4,700.71 down 2.3%. MICO, Maruti Udyog, TVS Motor, Tata Motors, Escorts were among the losers.
The BSE IT Index closed at 4,986.81 up 0.6%. Satyam, Financial Tech, TCS, HCL Tech, Wipro were among the gainers.
The BSE Oil and Gas Index closed at 7,372.05 down 0.3%. BPCL, HPCL, IOC, Reliance Natura ended in red.
The NSE cash turnover was at Rs 10558.93 crore and the NSE F&O turnover was at Rs 41842.93 crore. The BSE cash turnover was Rs 4599.09 crore. Total market wide turnover was at Rs 57000.95 crore.
Intraday Calls for 8th June
Nifty: Supports are 4150, 4140 and Resistance are 4190, 4220.
Sensex: Supports are 14100, 14075 and Resistance are 14200, 14250.
Market will opens weak, remain weak. But IT sector should support the market as Dollar going strong today.
Buy Indiabulls around Rs. 510/- Target Rs. 520/- SL Rs. 505/- (Strong support at 490)
Buy Cummins India around Rs. 320/- Target Rs. 330/- SL Rs. 315/- (Short term target Rs. 345/-)
Buy Elecon Engineering Rs. 455/- Target Rs. 465-470/- SL Rs. 445/-
Buy Paramount Communication @ Rs. 34-35/- Target Rs. 38-40/- SL Rs. 32/- (Short Term Target Rs. 45-50/-)
Buy Balaji Telefilms @ Rs. 210/- Target Rs. 215-220/- SL Rs. 205/-.
Others are : Cambridge Solution (132), KPIT (139), Sesa Goa (1690),
Above buys are only at declines.
Good Luck
Sensex: Supports are 14100, 14075 and Resistance are 14200, 14250.
Market will opens weak, remain weak. But IT sector should support the market as Dollar going strong today.
Buy Indiabulls around Rs. 510/- Target Rs. 520/- SL Rs. 505/- (Strong support at 490)
Buy Cummins India around Rs. 320/- Target Rs. 330/- SL Rs. 315/- (Short term target Rs. 345/-)
Buy Elecon Engineering Rs. 455/- Target Rs. 465-470/- SL Rs. 445/-
Buy Paramount Communication @ Rs. 34-35/- Target Rs. 38-40/- SL Rs. 32/- (Short Term Target Rs. 45-50/-)
Buy Balaji Telefilms @ Rs. 210/- Target Rs. 215-220/- SL Rs. 205/-.
Others are : Cambridge Solution (132), KPIT (139), Sesa Goa (1690),
Above buys are only at declines.
Good Luck
Thursday, June 7, 2007
Delivery Pick for Short Term
Paramount Communication (530555)
CMP Rs. 35/-
Very Strong Fundamentals. EPS around Rs. 5/- (After Stock Split)
Good accumulation is going on.
A bounce expected above Rs. 35, which can take the stock price higher to Rs 45 or Rs 50.
Results on 23rd June. Hope is that results will be great.
So Buy it at CMP and every decline for very short term target Rs. 45-50/-
CMP Rs. 35/-
Very Strong Fundamentals. EPS around Rs. 5/- (After Stock Split)
Good accumulation is going on.
A bounce expected above Rs. 35, which can take the stock price higher to Rs 45 or Rs 50.
Results on 23rd June. Hope is that results will be great.
So Buy it at CMP and every decline for very short term target Rs. 45-50/-
Markets Today
It was an extremely volatile day with markets moving in the positive and negative terrain. The markets ended in red with moderate losses. Heavy selling pressure was seen in auto, banking and FMCG stocks. The only index to close in green was IT with rupee stabiling aroung 40.65 levels against the dollar.
Asian markets ended flat to positive. Nikkie closed in green and Shanghai was up 3%.
After hovering around the 4200 mark, Nifty slipped and closed below the 4200 level and the Sensex closed below the 14,200 level.
The turnover has been huge, especially in the F&O segment of over Rs 40,000. The BSE Midcap and smallcap indices outperformed the fronline indices and closed flat.
Sensex was down 69.75 points or 0.49% at 14186.18, and the Nifty down 18.75 points or 0.45% at 4179.5.
About 1010 shares have advanced, 1443 shares declined, and 75 shares are unchanged.
The BSE Small Cap Index closed flat at 7,391.02.
The BSE Midcap Index ended at 6,187.97 down 6.06 points or 0.10%.
The BSE FMCG Index wad down 1.7% at 1,811.60. United Brewerie, P and G, Bata India, ITC, Godrej Consumer closed in red.
The BSE Metal Index closed flat at 10,427.05. JindalStainless, Hind Zinc, SAIL, Shree Precoated were among the losers.
The BSE Bankex was down 1.1% at 7,512.09. Allahabad Bank, Bank of Baroda, Oriental Bank, Bank of India moved downwards.
The BSE Health Care Index ended lower by 0.4% at 3,771.89. Biocon, Lupin, Wockhardt, Sun Pharma closed lower.
The BSE Capital Goods Index was down 0.2% at 10,958.41. Crompton Greave, Carborundum, Siemens, BEML, L&T and Jyoti Structure ended lower
The BSE Auto Index closed at 4,812.08 down 1.2%. Escorts, Bajaj Auto, Hero Honda, Ashok Leyland, Maruti Udyog were among the losers.
The BSE IT Index closed at 4,957.57 up 1.7%. Financial Tech, Mphasis, Patni Computer, Satyam ended weak.
The BSE Oil and Gas Index closed at 7,393.11 down 1%. HPCL, Reliance, IOC, ONGC, Essar Oil ended in red.
The NSE cash turnover was at Rs 9081.35 crore and the NSE F&O turnover was at Rs 42284.84 crore. The BSE cash turnover was Rs 4272.41 crore. Total market wide turnover was at Rs 55638.6 crore.
Asian markets ended flat to positive. Nikkie closed in green and Shanghai was up 3%.
After hovering around the 4200 mark, Nifty slipped and closed below the 4200 level and the Sensex closed below the 14,200 level.
The turnover has been huge, especially in the F&O segment of over Rs 40,000. The BSE Midcap and smallcap indices outperformed the fronline indices and closed flat.
Sensex was down 69.75 points or 0.49% at 14186.18, and the Nifty down 18.75 points or 0.45% at 4179.5.
About 1010 shares have advanced, 1443 shares declined, and 75 shares are unchanged.
The BSE Small Cap Index closed flat at 7,391.02.
The BSE Midcap Index ended at 6,187.97 down 6.06 points or 0.10%.
The BSE FMCG Index wad down 1.7% at 1,811.60. United Brewerie, P and G, Bata India, ITC, Godrej Consumer closed in red.
The BSE Metal Index closed flat at 10,427.05. JindalStainless, Hind Zinc, SAIL, Shree Precoated were among the losers.
The BSE Bankex was down 1.1% at 7,512.09. Allahabad Bank, Bank of Baroda, Oriental Bank, Bank of India moved downwards.
The BSE Health Care Index ended lower by 0.4% at 3,771.89. Biocon, Lupin, Wockhardt, Sun Pharma closed lower.
The BSE Capital Goods Index was down 0.2% at 10,958.41. Crompton Greave, Carborundum, Siemens, BEML, L&T and Jyoti Structure ended lower
The BSE Auto Index closed at 4,812.08 down 1.2%. Escorts, Bajaj Auto, Hero Honda, Ashok Leyland, Maruti Udyog were among the losers.
The BSE IT Index closed at 4,957.57 up 1.7%. Financial Tech, Mphasis, Patni Computer, Satyam ended weak.
The BSE Oil and Gas Index closed at 7,393.11 down 1%. HPCL, Reliance, IOC, ONGC, Essar Oil ended in red.
The NSE cash turnover was at Rs 9081.35 crore and the NSE F&O turnover was at Rs 42284.84 crore. The BSE cash turnover was Rs 4272.41 crore. Total market wide turnover was at Rs 55638.6 crore.
Source:moneycontrol.com
Intraday Calls for 07th June
Nifty: Strong supports are 4150, 4140 and Resistance are 4220, 4230
Sensex: Strong Supports are 14150, 14110 and Resistance are 14300, 14320
Today Market will take support (4150-4140 and 141450-14100) after weak opening and may bouce back from oversold zone. Smart Recovery expected in second half.
Buy Sail @ decline below Rs. 130/- Target Rs. 135/- SL Rs. 128/-
Buy Helios & Matheson @ Rs. 172-175/- Target Rs. 180-185/- SL Rs. 170/-
Buy Mphasis BFL @ Rs. 310/- Target Rs. 320-325/- SL Rs. 305/-
Buy Cranes Software @ Rs. 120/- Target Rs. 125/- SL Rs. 117/-
Buy KPIT Cummins @ Rs. 141-143/- Target Rs. 145-148/- SL Rs. 138/-
Buy Cinemax @ below Rs. 160/- Target Rs. 165-168/- SL Rs. 155/-
Others are: Reliance Ind (1687), NTPC (155), SesaGoa (1645), Suzlon (1310), BILT (115), ISMT Ltd. (95) Ispat Ind (15).
All buys are on decline as market will opens weak and corrects more at firts half, Recovers later.
News:
• Suzlon Energy's subsidiary signs contract with Edison Mission Group of Irvine, California
• Alstom bags contract worth Rs 255 crore
• Voltas' FII shareholding reaches 29.96% of paid-up capital
• Indiabulls Real Estate's subsidiaries receive approval from Department of Commerce
• Sunil Hitech Engineers bags Rs 15.24- crore order
• Cyber Media (India) net profit dips 74.22% in the March 2007 quarter
• BASF India net profit dips 26.31% in the March 2007 quarter
• Netlink Solutions (India) net profit dips 73.08% in the March 2007 quarter
• NESCO net profit rises 364.18% in the March 2007 quarter
• Cyber Media India recommends dividend
Good Luck.
Sensex: Strong Supports are 14150, 14110 and Resistance are 14300, 14320
Today Market will take support (4150-4140 and 141450-14100) after weak opening and may bouce back from oversold zone. Smart Recovery expected in second half.
Buy Sail @ decline below Rs. 130/- Target Rs. 135/- SL Rs. 128/-
Buy Helios & Matheson @ Rs. 172-175/- Target Rs. 180-185/- SL Rs. 170/-
Buy Mphasis BFL @ Rs. 310/- Target Rs. 320-325/- SL Rs. 305/-
Buy Cranes Software @ Rs. 120/- Target Rs. 125/- SL Rs. 117/-
Buy KPIT Cummins @ Rs. 141-143/- Target Rs. 145-148/- SL Rs. 138/-
Buy Cinemax @ below Rs. 160/- Target Rs. 165-168/- SL Rs. 155/-
Others are: Reliance Ind (1687), NTPC (155), SesaGoa (1645), Suzlon (1310), BILT (115), ISMT Ltd. (95) Ispat Ind (15).
All buys are on decline as market will opens weak and corrects more at firts half, Recovers later.
News:
• Suzlon Energy's subsidiary signs contract with Edison Mission Group of Irvine, California
• Alstom bags contract worth Rs 255 crore
• Voltas' FII shareholding reaches 29.96% of paid-up capital
• Indiabulls Real Estate's subsidiaries receive approval from Department of Commerce
• Sunil Hitech Engineers bags Rs 15.24- crore order
• Cyber Media (India) net profit dips 74.22% in the March 2007 quarter
• BASF India net profit dips 26.31% in the March 2007 quarter
• Netlink Solutions (India) net profit dips 73.08% in the March 2007 quarter
• NESCO net profit rises 364.18% in the March 2007 quarter
• Cyber Media India recommends dividend
Good Luck.
Wednesday, June 6, 2007
Markets Today
After last few sessions of sluggish trade the markets saw a deep crack today and ended with some hefty losses. It was trading flat for major part of the day but saw a heavy sell off during the later part of the day. On the F&O side there were concerns of discount widening, Nifty closed with 27 points discount.
Selling was seen in scrips across indices. All the BSE sector indices closed in red, banking and oil & gas led the downtrend. Steel majors Tata Steel and SAIL closed in deep red. It was a bad day for European markets as well but most of the Asian markets ended flat.
The broader markets also ended with deep cut but the frontliners underperformed the midcap and smallcap indices. The market breadth was extremely negative and this fall has been huge volumes.
IT index which was holding in green for better part of the day gave up its gains and closed in red with moderate losses.
Sensex is down 279.08 points or 1.92% at 14255.93, and the Nifty down 86.40 points or 2.02% at 4198.25.
About 813 shares have advanced, 1688 shares declined, and 65 shares are unchanged.
The BSE Small Cap Index closed at 7,389.76 down 1.3%.
The BSE Midcap Index ended at 6,181.91 down 1.3%.
The BSE FMCG Index down 1.5% at 1,842.20. Tata Tea, Bata India, United Brewerie, ITC, Nestle closed in red.
The BSE Metal Index was down 2.2% to close at 10,414.47. Shree Precoated, SAIL, JSW Steel, Tata Steel, Sterlite Ind were among the losers.
The BSE Health Care Index was down 1.6% at 3,785.41. Glenmark, Ranbaxy Labs, Biocon, Lupin, Novartis India closed lower.
The BSE Capital Goods Index was down 1.6% at 10,981.01. Carborundum, Reliance Infra, Suzlon Energy, AIA Engineering, BHEL, BEML ended lower.
The BSE Auto Index closed at 4,868.44 down 1.9%. MICO, TVS Motor, Tata Motors, MRF, Maruti Udyog among the losers
The BSE IT Index closed at 4,872.64 down 0.3%. I-Flex Solution, Financial Tech, HCL Tech, Wipro ended weak.
The BSE Bankex was up 2.9% at 7,594.85. Oriental Bank, PNB, Canara Bank, Union Bank, Bank of India closed higher.
The BSE Oil and Gas Index closed at 7,468.53 down 3.2%. Reliance Natura, GAIL, Petronet LNG, Reliance, ONGC closed in red.
The NSE cash turnover was at Rs 10213.5 crore and the NSE F&O turnover was at Rs 40345.37 crore. The BSE cash turnover was Rs 5265.34 crore. Total market wide turnover was at Rs 55824.21 crore.
Selling was seen in scrips across indices. All the BSE sector indices closed in red, banking and oil & gas led the downtrend. Steel majors Tata Steel and SAIL closed in deep red. It was a bad day for European markets as well but most of the Asian markets ended flat.
The broader markets also ended with deep cut but the frontliners underperformed the midcap and smallcap indices. The market breadth was extremely negative and this fall has been huge volumes.
IT index which was holding in green for better part of the day gave up its gains and closed in red with moderate losses.
Sensex is down 279.08 points or 1.92% at 14255.93, and the Nifty down 86.40 points or 2.02% at 4198.25.
About 813 shares have advanced, 1688 shares declined, and 65 shares are unchanged.
The BSE Small Cap Index closed at 7,389.76 down 1.3%.
The BSE Midcap Index ended at 6,181.91 down 1.3%.
The BSE FMCG Index down 1.5% at 1,842.20. Tata Tea, Bata India, United Brewerie, ITC, Nestle closed in red.
The BSE Metal Index was down 2.2% to close at 10,414.47. Shree Precoated, SAIL, JSW Steel, Tata Steel, Sterlite Ind were among the losers.
The BSE Health Care Index was down 1.6% at 3,785.41. Glenmark, Ranbaxy Labs, Biocon, Lupin, Novartis India closed lower.
The BSE Capital Goods Index was down 1.6% at 10,981.01. Carborundum, Reliance Infra, Suzlon Energy, AIA Engineering, BHEL, BEML ended lower.
The BSE Auto Index closed at 4,868.44 down 1.9%. MICO, TVS Motor, Tata Motors, MRF, Maruti Udyog among the losers
The BSE IT Index closed at 4,872.64 down 0.3%. I-Flex Solution, Financial Tech, HCL Tech, Wipro ended weak.
The BSE Bankex was up 2.9% at 7,594.85. Oriental Bank, PNB, Canara Bank, Union Bank, Bank of India closed higher.
The BSE Oil and Gas Index closed at 7,468.53 down 3.2%. Reliance Natura, GAIL, Petronet LNG, Reliance, ONGC closed in red.
The NSE cash turnover was at Rs 10213.5 crore and the NSE F&O turnover was at Rs 40345.37 crore. The BSE cash turnover was Rs 5265.34 crore. Total market wide turnover was at Rs 55824.21 crore.
Source:moneycontrol.com
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