Nifty Support 4380, 4350 and Resistance 4460, 4500.
Sensex Support 15300 and Resistance 15500, 15560.
Market should opens positive. It May see some weakness but I think Market will remain flat to positive.
Buy Reliance, BajajHind, Balaji Tele, Gitanjali Gems, Bombay Dyeing, Infosys, Polaries Software, KPIT, Paramount Communication, Nelcast, Unitech (Support at 550 Resistance at 593, Above 593 Target 650+).
Buy Banking Stocks: SBI, BOB, PNB, Syndicate Bank and Do not forget the little champ UCO Bank (Ultimate Target Rs. 40+)
Buy IDBI at every decline for the short term target of Rs. 130+
Sell: Sail, MTNL, HDFC,
Good Luck.
Monday, July 30, 2007
Friday, July 27, 2007
Markets Today
The markets closed in deep red tracking global peers. It was third biiggest single day fall for Sensex in absolute terms. Sell off was seen in markets across the globe. European markets outperformed other markets. The fall was initiated by US markets due to months of worry about the mortgage and corporate lending markets.
Asian markets ended gloomy. Taiwan was the top loser closing with a loss of 4%.
The market breadth was extremely weak on brisk turnover. Midcaps were not spared either and saw a huge sell off.
Real Estate, metal, cap goods, media were the worst hit. Sugar stocks did good for themselves. BSE Metal and realty index is down over 4%, followed by banking and capital goods index down over 3%
Nifty Futures widened to 50 points.
The fall was initiated by cracks in US markets. Dow plunged 311.50 points, or 2.26 percent, to 13,473.57, after falling 449.77 in earlier trading. The close was its worst since the 416.02 points it lost on Feb. 27.
The plunge was seen in US on concerns that higher corporate borrowing costs would curb the rapid pace of takeovers that had driven stocks higher this year. Investors also feared the sluggish environment for home sales and continued defaults in subprime loans would spur debt defaults and weigh on corporate earnings.
Sensex closed down 541.74 points or 3.4% at 15,234.57 and Nifty closed down 174 points at 4445.
The BSE Midcap Index ended at 6,598.32 down 192 points or 2.8%.
The BSE Smallcap Index ended at 7,926.45 down 219 points or 2.7%.
The BSE Bankex was down 3.2% at 7,920.19. Canara Bank, Bank of Baroda, Oriental Bank, PNB, HDFC Bank moved downwards.
The BSE Capital Goods Index was down 3.8% at 12,748.77. Alstom Projects, Gammon India, Astra Microwave, Jyoti Structure, BHEL, Reliance Infra closed lower.
The BSE Health Care Index was down 2.6% at 3,691.36. Sterling Bio, Matrix Lab, Lupin, GlaxoSmithKline, Wockhardt closed lower.
The BSE Auto Index closed at 4,943.50 down 3%. Ashok Leyland, Escorts, Tata Motors, Hind Motors, Hero Honda, Tube Investment closed higher.
The BSE Metal Index closed at 11,501.52 down 5.3%. Tata Steel, Shree Precoated, Hind Zinc, Hindalco, SAIL closed lower.
The BSE FMCG Index closed at 1,927.86 down 0.1%. United Brewerie, Dabur India, HUL, United Spirits, Bata India closed higher
BSE Oil and Gas Index closed at 8,015.75 down 3.7%. ONGC, Reliance Natura, Petronet LNG, Reliance, HPCL ended in red.
The BSE IT Index lost 2.5% at 4,876.34. Mphasis, Patni Computer, Financial Tech, HCL Tech, Satyam, Wipro closed lower.
The NSE cash turnover was at Rs 15450.73 crore and the NSE F&O turnover was at Rs 65777.96 crore. The BSE cash turnover was Rs 6596.79 crore. Total market wide turnover was at Rs 87825.48 crore.
Asian markets ended gloomy. Taiwan was the top loser closing with a loss of 4%.
The market breadth was extremely weak on brisk turnover. Midcaps were not spared either and saw a huge sell off.
Real Estate, metal, cap goods, media were the worst hit. Sugar stocks did good for themselves. BSE Metal and realty index is down over 4%, followed by banking and capital goods index down over 3%
Nifty Futures widened to 50 points.
The fall was initiated by cracks in US markets. Dow plunged 311.50 points, or 2.26 percent, to 13,473.57, after falling 449.77 in earlier trading. The close was its worst since the 416.02 points it lost on Feb. 27.
The plunge was seen in US on concerns that higher corporate borrowing costs would curb the rapid pace of takeovers that had driven stocks higher this year. Investors also feared the sluggish environment for home sales and continued defaults in subprime loans would spur debt defaults and weigh on corporate earnings.
Sensex closed down 541.74 points or 3.4% at 15,234.57 and Nifty closed down 174 points at 4445.
The BSE Midcap Index ended at 6,598.32 down 192 points or 2.8%.
The BSE Smallcap Index ended at 7,926.45 down 219 points or 2.7%.
The BSE Bankex was down 3.2% at 7,920.19. Canara Bank, Bank of Baroda, Oriental Bank, PNB, HDFC Bank moved downwards.
The BSE Capital Goods Index was down 3.8% at 12,748.77. Alstom Projects, Gammon India, Astra Microwave, Jyoti Structure, BHEL, Reliance Infra closed lower.
The BSE Health Care Index was down 2.6% at 3,691.36. Sterling Bio, Matrix Lab, Lupin, GlaxoSmithKline, Wockhardt closed lower.
The BSE Auto Index closed at 4,943.50 down 3%. Ashok Leyland, Escorts, Tata Motors, Hind Motors, Hero Honda, Tube Investment closed higher.
The BSE Metal Index closed at 11,501.52 down 5.3%. Tata Steel, Shree Precoated, Hind Zinc, Hindalco, SAIL closed lower.
The BSE FMCG Index closed at 1,927.86 down 0.1%. United Brewerie, Dabur India, HUL, United Spirits, Bata India closed higher
BSE Oil and Gas Index closed at 8,015.75 down 3.7%. ONGC, Reliance Natura, Petronet LNG, Reliance, HPCL ended in red.
The BSE IT Index lost 2.5% at 4,876.34. Mphasis, Patni Computer, Financial Tech, HCL Tech, Satyam, Wipro closed lower.
The NSE cash turnover was at Rs 15450.73 crore and the NSE F&O turnover was at Rs 65777.96 crore. The BSE cash turnover was Rs 6596.79 crore. Total market wide turnover was at Rs 87825.48 crore.
Source: Moneycontrol.com
Today's Market
A heavy sell-off can be seen in the markets today. Be very carefull. Apply wait & watch strategy for today. Think it is holiday in the market.
The reason is the sell off seen in the US & Asian market.
The reason is the sell off seen in the US & Asian market.
Thursday, July 26, 2007
Markets Today
The markets spiked in the late trade after witnessing sluggish trade for most of the day on triple witching day. The turnover was at record high of 1 lakh crore.
It has been a spectacular July series for the markets. Today on F&O turnover side, marketwide turnover hit record high for the third day.
Nifty was up 8% in July series so far; it has been record F&O turnover for last 3 Days
Relaince Energy, Sail, L&T, BHEL were among the top series gainers.
In today's trade HDIL was up 7%, Unitech was up 4%. In the Nifty gainers: Ranbaxy Up 9%,Cipla, Tata Power,HCL Tech Up 4%
CNX IT Up 2%; TCS Up 3%, Infosys Up 2.5%
Marketwide Rollover At 77%, Nifty Rollover At 68%
Huge Pick-up In Stock Futures Rollovers, at 78%
Highest Rollovers In HDIL (94%), Cipla (88%),IFCI (86%),TTML (87%)
The BSE Midcap Index ended at 6,790.50 up 35 points or 0.5%.
The BSE Smallcap Index ended at 8,145.86 up 90 points or 1.1%.
The BSE Health Care Index was up 1.5% at 3,788.36. Ranbaxy Labs, Wockhardt, Cipla, Wyeth, Opto Circuits closed higher.
The BSE Auto Index closed at 5,096.44 up 1.5%. Maruti Udyog, Mah and Mah, Bajaj Auto, MICO, Escorts, Ashok Leyland surged.
The BSE IT Index gained 2% at 5,001.24. Mphasis, Wipro, TCS, Infosys, Satyam advanced.
BSE Oil and Gas Index gained 1.5% to close at 8,325.19. Reliance, Essar Oil, HPCL, GAIL, ONGC closed in green.
The BSE FMCG Index gained 0.8% at 1,930.08. Dabur India, P and G, Godrej Consumer, HUL, Marico, Colgate were among the gainers.
The BSE Metal Index lost 0.2% to close at 12,139.71 and BSE Capital Goods Index was down 1.4% at 13,247.03.
The BSE Bankex was down 1.2% at 8,185.52.
The NSE cash turnover was at Rs 15438.55 crore and the NSE F&O turnover was at Rs 79995.85 crore. The BSE cash turnover was Rs 5727.04 crore. Total market wide turnover was at Rs 101161.44 crore.
It has been a spectacular July series for the markets. Today on F&O turnover side, marketwide turnover hit record high for the third day.
Nifty was up 8% in July series so far; it has been record F&O turnover for last 3 Days
Relaince Energy, Sail, L&T, BHEL were among the top series gainers.
In today's trade HDIL was up 7%, Unitech was up 4%. In the Nifty gainers: Ranbaxy Up 9%,Cipla, Tata Power,HCL Tech Up 4%
CNX IT Up 2%; TCS Up 3%, Infosys Up 2.5%
Marketwide Rollover At 77%, Nifty Rollover At 68%
Huge Pick-up In Stock Futures Rollovers, at 78%
Highest Rollovers In HDIL (94%), Cipla (88%),IFCI (86%),TTML (87%)
The BSE Midcap Index ended at 6,790.50 up 35 points or 0.5%.
The BSE Smallcap Index ended at 8,145.86 up 90 points or 1.1%.
The BSE Health Care Index was up 1.5% at 3,788.36. Ranbaxy Labs, Wockhardt, Cipla, Wyeth, Opto Circuits closed higher.
The BSE Auto Index closed at 5,096.44 up 1.5%. Maruti Udyog, Mah and Mah, Bajaj Auto, MICO, Escorts, Ashok Leyland surged.
The BSE IT Index gained 2% at 5,001.24. Mphasis, Wipro, TCS, Infosys, Satyam advanced.
BSE Oil and Gas Index gained 1.5% to close at 8,325.19. Reliance, Essar Oil, HPCL, GAIL, ONGC closed in green.
The BSE FMCG Index gained 0.8% at 1,930.08. Dabur India, P and G, Godrej Consumer, HUL, Marico, Colgate were among the gainers.
The BSE Metal Index lost 0.2% to close at 12,139.71 and BSE Capital Goods Index was down 1.4% at 13,247.03.
The BSE Bankex was down 1.2% at 8,185.52.
The NSE cash turnover was at Rs 15438.55 crore and the NSE F&O turnover was at Rs 79995.85 crore. The BSE cash turnover was Rs 5727.04 crore. Total market wide turnover was at Rs 101161.44 crore.
Source: Moneycontrol.com
Intraday Calls for 26th July
NIFTY (4589) Support 4560 Resistance 4620
Market may very volatile as today is expiry. Be carefull.
Buy ONGC (934) Target Rs. 946, 950 SL 927
Buy Zee (338) Target Rs. 345, 348 SL 334
Buy HPCL (257) Target Rs. 265, 267 SL 252
Buy BRFL (222) Target Rs. 230 SL 218
Buy Reliance Capital (1245) Target Rs. 1260-1270 SL 1238
Buy Arrow Webtexs (370) Target Rs. 380 SL 365
Others: Shringar Cinema, Global Vectra, Futura Poly, ITC, IDBI, BILT.
Sell: Bharat Forge (294), Amtek Auto (391), HDIL (580)
Good Luck.
Market may very volatile as today is expiry. Be carefull.
Buy ONGC (934) Target Rs. 946, 950 SL 927
Buy Zee (338) Target Rs. 345, 348 SL 334
Buy HPCL (257) Target Rs. 265, 267 SL 252
Buy BRFL (222) Target Rs. 230 SL 218
Buy Reliance Capital (1245) Target Rs. 1260-1270 SL 1238
Buy Arrow Webtexs (370) Target Rs. 380 SL 365
Others: Shringar Cinema, Global Vectra, Futura Poly, ITC, IDBI, BILT.
Sell: Bharat Forge (294), Amtek Auto (391), HDIL (580)
Good Luck.
Wednesday, July 25, 2007
Markets Today
The markets ended in the red amid a highly volatile session. Rest of the Asia also ended with a deep cut. The breadth was in favour of the declines. Selling was seen in cement realty, capital good, auto and metal stocks. FMCG index managed to hold up in green.
Rupee has weakened little bit against and was quoting at Rs 40.31 versus USD. Market breadth was roughly 4:1 in favour of declining stocks on BSE.
Cement stocks are among the top losers on MRTPC probes in cement companies on any cartelisation issues.
ITC was up over 8% at Rs 164.80; CLSA has upped its ITC price target to Rs 184; upgrades to buy from underperform.
ITC, Infosys, HUL, ONGC, Bharti Airtel, NTPC, Reliance Energy and SBI are among the top gainers on the indices.
Ambuja Cements, Satyam, ACC, Grasim, HDFC Bank, Bajaj Auto are among the top losers.
On the results front Indus Fila came out with good set of numbers its net profit was up at Rs 8.2 crore versus Rs 3.6 crore in the corresponding quarter previous year. The stock is up over 3%. Astom Project, Yes Bank and Chambal Fertilisers came out with good set of numbers.
Thermax came out with strong set of numbers, its net profit came at Rs 55.63 crore and Bank Of India came in with inline set of numbers.
The BSE Midcap Index ended at 6,755.20 down 57 points or 0.84%.
The BSE Smallcap Index ended at 8,056.36 down 97 points or 1.2%.
The BSE Bankex was down 0.8% at 8,284.36. Andhra Bank, Canara Bank, IOB, Allahabad Bank, Bank of Baroda, PNB moved downwards.
The BSE Capital Goods Index was down 2.5% at 13,428.80. Suzlon Energy, Praj Industries, Astra Microwave, AIA Engineering, Larsen closed lower.
The BSE Health Care Index was down 1% at 3,732.86. Nicholas Pirama, Lupin, Panacea Biotech, Opto Circuits, Glenmark closed lower.
The BSE Auto Index closed at 5,022.80 down 2%. Apollo Tyres, Amtek Auto, Bajaj Auto, Tata Motors, Bharat Forge, Exide Industrie closed higher.
The BSE Metal Index closed at 12,161.06 down 1.7%. SAIL, Jindal Steel, Jindal Saw, NALCO, Hindalco closed lower.
The BSE FMCG Index closed at 1,915.35 up 4%. ITC, United Brewerie, HUL, Colgate, Dabur India closed higher
BSE Oil and Gas Index closed at 8,203.08. GAIL, Reliance Petro, Reliance Natura, Essar Oil, Petronet LNG ended in red.
The BSE IT Index lost 1% at 4,906.79. Satyam, I-Flex Solution, Tech Mahindra, TCS, Wipro closed lower.
The NSE cash turnover was at Rs 12792.03 crore and the NSE F&O turnover was at Rs 72365.46 crore. The BSE cash turnover was Rs 5905.19 crore. Total market wide turnover was at Rs 91062.68 crore.
Rupee has weakened little bit against and was quoting at Rs 40.31 versus USD. Market breadth was roughly 4:1 in favour of declining stocks on BSE.
Cement stocks are among the top losers on MRTPC probes in cement companies on any cartelisation issues.
ITC was up over 8% at Rs 164.80; CLSA has upped its ITC price target to Rs 184; upgrades to buy from underperform.
ITC, Infosys, HUL, ONGC, Bharti Airtel, NTPC, Reliance Energy and SBI are among the top gainers on the indices.
Ambuja Cements, Satyam, ACC, Grasim, HDFC Bank, Bajaj Auto are among the top losers.
On the results front Indus Fila came out with good set of numbers its net profit was up at Rs 8.2 crore versus Rs 3.6 crore in the corresponding quarter previous year. The stock is up over 3%. Astom Project, Yes Bank and Chambal Fertilisers came out with good set of numbers.
Thermax came out with strong set of numbers, its net profit came at Rs 55.63 crore and Bank Of India came in with inline set of numbers.
The BSE Midcap Index ended at 6,755.20 down 57 points or 0.84%.
The BSE Smallcap Index ended at 8,056.36 down 97 points or 1.2%.
The BSE Bankex was down 0.8% at 8,284.36. Andhra Bank, Canara Bank, IOB, Allahabad Bank, Bank of Baroda, PNB moved downwards.
The BSE Capital Goods Index was down 2.5% at 13,428.80. Suzlon Energy, Praj Industries, Astra Microwave, AIA Engineering, Larsen closed lower.
The BSE Health Care Index was down 1% at 3,732.86. Nicholas Pirama, Lupin, Panacea Biotech, Opto Circuits, Glenmark closed lower.
The BSE Auto Index closed at 5,022.80 down 2%. Apollo Tyres, Amtek Auto, Bajaj Auto, Tata Motors, Bharat Forge, Exide Industrie closed higher.
The BSE Metal Index closed at 12,161.06 down 1.7%. SAIL, Jindal Steel, Jindal Saw, NALCO, Hindalco closed lower.
The BSE FMCG Index closed at 1,915.35 up 4%. ITC, United Brewerie, HUL, Colgate, Dabur India closed higher
BSE Oil and Gas Index closed at 8,203.08. GAIL, Reliance Petro, Reliance Natura, Essar Oil, Petronet LNG ended in red.
The BSE IT Index lost 1% at 4,906.79. Satyam, I-Flex Solution, Tech Mahindra, TCS, Wipro closed lower.
The NSE cash turnover was at Rs 12792.03 crore and the NSE F&O turnover was at Rs 72365.46 crore. The BSE cash turnover was Rs 5905.19 crore. Total market wide turnover was at Rs 91062.68 crore.
Source: Moneycontrol.com
Intraday calls for 25th July
Nifty Support 4550, 4570 Resistance 4630.
Sensex Support 15660, 15740 and Resistance 15900.
Markets opens nagetive. May see some recovery but remain nagetive. Be carefull and trade in very small quantity because markets seems very volatile.
Buy Opto Curcuit around 485/- Target Rs. 500/- SL Rs. 482/-
Buy IDFC around 126-128/- Target Rs. 130+ SL Rs. 124/-
Buy IDBI around 108/- Target Rs. 111-113/- SL Rs. 106/-
Buy Prithvi Info around 305-310/- Target Rs. 315-318/- SL Rs. 300/-
Buy Unitech around 580-585/- Target Rs. 593/-(Resistace 593 crossover 600+) SL Rs. 578/-
Others buys: Allied Digital (New Listing: List around 280/- Target 325+), JSW Steeel, Indiabulls, ABG Shipyard, Mindtree.
Sell: Lanco Infra, Glenmark, Ranbaxy, TataMotors, MIC Electronic.
Good Luck.
Sensex Support 15660, 15740 and Resistance 15900.
Markets opens nagetive. May see some recovery but remain nagetive. Be carefull and trade in very small quantity because markets seems very volatile.
Buy Opto Curcuit around 485/- Target Rs. 500/- SL Rs. 482/-
Buy IDFC around 126-128/- Target Rs. 130+ SL Rs. 124/-
Buy IDBI around 108/- Target Rs. 111-113/- SL Rs. 106/-
Buy Prithvi Info around 305-310/- Target Rs. 315-318/- SL Rs. 300/-
Buy Unitech around 580-585/- Target Rs. 593/-(Resistace 593 crossover 600+) SL Rs. 578/-
Others buys: Allied Digital (New Listing: List around 280/- Target 325+), JSW Steeel, Indiabulls, ABG Shipyard, Mindtree.
Sell: Lanco Infra, Glenmark, Ranbaxy, TataMotors, MIC Electronic.
Good Luck.
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