Markets Today

The markets ended the day on a strong note with buying seen in scrips across sectors. Capital goods, banking, IT, cement and sugar stocks were among the top gainers. The broader markets did extremely well during the day as well as week giving markets an excellent breadth. The turnover was brisk. Except for metal, all the sectoral indices closed in green.
Sensex was up 145.94 points or 1.01% at 14650.51, and the Nifty up 36.30 points or 0.85% at 4318.3.
About 1452 shares have advanced, 1091 shares declined, and 89 shares are unchanged.
On a weekly basis, Sensex was up nearly 1.2% and Nifty was up 1.5%. Even on a weekly basis banking index gave a standout performance.
RPL was up 15%, ACC was up 9% and Suzlon was up 8% were among the top gainers during the week.
The BSE Midcap Index ended at 6,527.03 up 69.03 points or 1.07%.
The BSE Smallcap Index ended at 7,730.40 up 68.30 points or 0.9%.
The BSE Bankex was up 2.9% at 8,009.94. Oriental Bank, PNB, Kotak Mahindra, Andhra Bank, HDFC Bank, UTI Bank moved upwards.
The BSE Capital Goods Index was up 1.9% at 12,299.36. Triveni Engg, ABB, Kirloskar Oil, BHEL, Punj Lloyd, Larsen, Praj Industries closed higher.
The BSE Health Care Index was up 1% at 3,805.70. Nicholas Pirama, Cipla, Panacea Biotech, Aurobindo Pharm, Sterling Bio closed higher.
The BSE Auto Index closed at 4,739.57up 0.5%. Exide Industrie, Mah and Mah, Bajaj Auto, Escorts.
The BSE FMCG Index gained 0.35% at 1,829.33. United Spirits, Godrej Consumer, Tata Tea, Britannia closed higher.
BSE Oil and Gas Index closed at 7,626.66 up 0.4%. Reliance Natura, Essar Oil, Petronet LNG, HPCL ended in green.
The BSE IT Index closed at 4,870.73 up 0.6%. Financial Tech, I-Flex Solution, Mphasis, Patni Computer closed higher.
The BSE Metal Index closed at 10,605.00 down 0.3%.
The NSE cash turnover was at Rs 10661.63 crore and the NSE F&O turnover was at Rs 35463.65 crore. The BSE cash turnover was Rs 4820.88 crore. Total market wide turnover was at Rs 50946.16 crore.

Source: moneycontrol.com

Intraday Calls for 29th June

Nifty: Supports are 4260, 4230 and Resistance are 4292, 4300
Sensex: Supports is 14400 and Resistance are 14550, 14575.

Market opens flat to positive, some profit booking can be seen but remain flat.

Buy Eastern Silk @ Rs. 300/- Target Rs. 310+ SL Rs. 294/-
Buy Premier Explosive @ Rs. 55/- Target Rs. 58-60/- SL Rs. 52/-
Buy Moser Baer @ Rs. 455/- Target Rs. 465-470/- SL Rs. 450/-
Buy NDTV @ Rs. 420/- Target Rs. 430+ SL Rs. 415/-
Buy Mysore Cement @ Rs. 53/- Target Rs. 60/- SL Rs. 50/-

Others Are RNRL (36), Lok Housing (147), Unitech (495), Subhash Projects (232), Ceturty Textiles (676),

Markets Today

The markets closed in the positive terrain on the triple witching day on high turnover. It was trading flat for major part of the day but gained some strength in the last leg. In terms of cues Asia ended strong and Europe was trading with good gains.
Cement stocks were the star performers in today's trading session. Power, banking and telecom stocks ended higher. However select auto, metal, and heavyweight ONGC ended weak. Nifty June series ended flat. Broader markets were trading strong and held out their gains.
New listing Meghmani Organics ended up 39% at Rs 26.40 versus issue price of Rs 19.
Sensex was up 73.51 points or 0.51% at 14504.57, and the Nifty up 18.05 points or 0.42% at 4282.
About 1406 shares have advanced, 1125 shares declined, and 73 shares are unchanged.
Major gainers in the midcap space were Kesoram up 8.95%, JK Cement up 8.26%, India Cements up 7.83%, Hind Constr up 7.59%, Alembic up 6.72%, Alstom Projects up 6.23%, IndusInd Bank up 5.52%.
Cement stocks saw good rollover, aggregate of around 75%. Kesoram saw rollover of 80%, followed by India Cement and Ambuja Cement.
Top gainers on the Sensex were ACC up 8.7%, Ambuja Cements up 8% and HDFC up 5.4%.
The BSE Midcap Index ended at 6,458.00 up 33 points or 0.53%.
The BSE Smallcap Index ended at 7,662.10 up 48.26 points or 0.6%.
The BSE Bankex was up 0.4% at 7,786.72. Canara Bank, Bank of India, Centurion BoP, SBI, Kotak Mahindra moved upwards.
The BSE Capital Goods Index was up 0.7% at 12,071.55. ABB, Alstom Projects, Areva T&D, AIA Engineering, Kirloskar Oil closed higher.
The BSE Health Care Index was down 0.4% at 3,765.87.Sterling Bio, Novartis India, Divis Labs, Cadila Health, Wockhardt, Nicholas Pirama closed lower.
The BSE Auto Index closed at 4,714.18 down 0.7%. Punj Tractors, Hind Motors, Escorts, Mah and Mah, Bajaj Auto declined.
The BSE Metal Index closed at 10,634.50 down 0.5%. Shree Precoated, Jindal Steel, JindalStainless, Sterlite Ind advanced lower.
The BSE FMCG Index gained 0.35% at 1,822.70. Godrej Consumer, Tata Tea, Dabur India, ITC closed higher.
BSE Oil and Gas Index closed lower at 7,599.15 down 0.2%. ONGC, Essar Oil, Petronet LNG, Reliance ended in red.
The BSE IT Index closed flat at 4,841.62. I-Flex Solution, Infosys, Tech Mahindra closed lower.
The NSE cash turnover was at Rs 12159.15 crore and the NSE F&O turnover was at Rs 60499.6 crore. The BSE cash turnover was Rs 4818.73 crore. Total market wide turnover was at Rs 77477.48 crore.
Source: moneycontrol.com

Intraday Calls for 28th June

Nifty: Supports are 4250, 4230 and Resistance are 4275, 4290.
Sensex: Supports are 14400, 14330 and Resistance is 14500.

Market should open positive and remain positive.

Buy Prithvi Info @ Rs. 302/- Target Rs. 315-320/- SL Rs. 295/-
Buy Nelcast @ Rs. 208/- Target Rs. 220/- SL Rs. 204/-
Buy Bajaj Hindustan @ Rs. 152-155/- Target Rs. 160/- SL Rs. 148/-
Buy BOB @ Rs. 260/- Target Rs. 265/- SL Rs. 256/-
Buy Sasken Communication @ Rs. 465/- Target Rs. 475-480/- SL Rs. 460/-
Buy Orbit Corp @ Rs. 280/- Target Rs. 285-290/- SL Rs. 275/-

Others are: RNRL(35), Reliance (1698), Euro Ceramics (161), XL Telecom (124), Solar Explosive (175), Avery India (70).

Important

I will not post intraday calls for 7 days because today I am going to Mumbai for a week.
Yesterday was my son's first birthday so I couldn't post.
Sorry for that.
Thanks.

Markets Today

It was a strong seesion for markets and they closed near the highest point of the day. Sensex ended with gains of around 200 points above 14,200 and the Nifty was up over 55 points above 4,150 levels.

The gain was inline with global markets. Asia ended strong most of the Asia ended up 1% and even Europe opened strong. Buying was seen in scrips across sectors. The midcaps and the smallcap outperformed the frontline indices. Nifty discount futures had widened at around 14 points. The market breadth was positive but the volume was relatively low.

There was lot of stock specific action. Nicholas Piramal ended up 6% on the back of news that it is examining possibility of hiving off R&D biz

HDFC, Tata Steel, Bharti Airtel, ACC, SAIL and Siemens are among the top gainers.

In the midcap space Aarti Ind up 20%, Mic Electronics up 15%, Hilton Metal up 13%, ICRA 11%.

Infosys, Reliance, Icra, Time Techno, Sun Pharma and Unitech are among the most active stocks on indices.

9.9 lakh TVS Motor shares change hands on NSE at Rs 65/share and the stock is up 4%.

DLF IPO has closed and it was subscribed 2.57 times till now, 87% bids at Rs 550/sh.

Sensex was up 200.69 points or 1.43% at 14203.72, and the Nifty up 56.95 points or 1.38% at 4170.
About 1662 shares have advanced, 763 shares declined, and 88 shares are unchanged.
The BSE Midcap Index ended at 6,161.61 up 96 points or 1.6%.

The BSE Smallcap Index ended at 7,320.91 up 97 points or 1.34%.

The BSE Bankex was up 0.7% at 7,417.66. Andhra Bank, Bank of Baroda, Bank of India, Federal Bank moved upwards.

The BSE Capital Goods Index was up 2.3% at 10,972.02.Alstom Projects, Astra Microwave, AIA Engineering, Siemens, Areva T&D, L&T closed higher.

The BSE Health Care Index was up 1.2% at 3,793.43. Nicholas Piramal, Aurobindo Pharm, Biocon, Ranbaxy Labs, Novartis India, Cadila Health closed higher.

The BSE Auto Index closed at 4,667.35 up 0.8%. TVS Motor, Ashok Leyland, Escorts, MICO, Amtek Auto surged.

The BSE Metal Index closed at 10,567.54 up 2.8%. JSW Steel, SAIL, Sesa Goa, Mah Seamless, Tata Steel advanced higher.

The BSE FMCG Index gained 0.4% at 1,780.67. United Brewerie, United Spirits, Bata India, Colgate, Tata Tea closed higher.

BSE Oil and Gas Index closed higher at 7,492.62 up 1.3%. Petronet LNG, Reliance Natura, ONGC, Reliance Petro ended in green.

The BSE IT Index gained 1.4% at 5,033.76. Patni Computer, I-Flex Solution, Infosys, Mphasis closed higher.

The NSE cash turnover was at Rs 8370.04 crore and the NSE F&O turnover was at Rs 28760.54 crore. The BSE cash turnover was Rs 4407.78 crore. Total market wide turnover was at Rs 41538.36 crore.

Source: moneycontrol.com

Intraday Calls for 14th June

Nifty: Support is 4100 and Resistance are 4150, 4200.
Sensex: Supports are 14000, 13970 and Resistance are 14120, 14200

Market opens Positive, Remain Positive and Close with nice gain.

Buy Reliance Industries @ 1675/- Target Rs. 1700-1720/- SL Rs. 1670/-
Buy RCOM @ Rs. 486/- Target Rs. 500/- SL Rs. 482/-
Buy BRFL @ Rs. 212/- Target Rs. 220-225/- SL Rs. 208/-
Buy Indiabulls @ Rs. 522/- Target Rs. 530-540/- SL Rs. 518/-
Buy Rain Calsning @ Rs. 42/- Target Rs. 45/- SL Rs. 39/-
Buy Wyeth Ltd. @ Rs. 560/- Target Rs. 575-580/- SL Rs. 552/- (300% Dividend)
Buy Carborundum Universal Ltd. @ Rs. 170/- Target Rs. 180+ SL Rs. 165/-

Others are: Infosys (1982), Bank of Baroda (248), IFCI (47), IDEA (111), IDBI (98), GTL (222), Nitin Fire (380), Renuka (613).

Good Luck.