Nifty Support 4480, 4440 and Resistance 4555, 4570.
Sensex Support 15480, 15400 and Resistance 15600.
Market may Opens flat to positive, May see some profit booking. I think it remain flat to nagetive.
Buy: Crompton Greaves, UNITECH, REL, RCOM, Bharti Airtel, TITAN, TTML, Hanung Toys, Voltas, Orbit Corp, EKC.
Sell: IOB, BOI, HPCL.
Good Luck.
Wednesday, August 1, 2007
Tuesday, July 31, 2007
Markets Today
It was a fantastic close for the market near the highest point of the day after brushing off the 50 bps CRR hike to 7%. The markets dipped immediately after the monetary policy declared but having realised that the CRR hike is more of a liquidity management tool than any interst rate signal to the market. The discount has narrowed to just about 20 points.
Heavies like L&T, HDFC, BHEL and ABB contributed significantly to the rally. L&T was up 7% HDFC was up 6% and BHEL was up 5.6%.
Broader markets also participated giving markets an excellent breadth.
All the BSE sector indices closed in green. Capital goods index was the top gainer followed by metal, FMCG and realty stocks.
The RBI has increased the CRR by 50 bps to 7% from 6.5%. Reverse Repo cap was removed. Bond yields have moved up. CRR is the amount the commercial banks need to maintain with the RBI. The amount is based on a fixed percentage computed on each bank's total time and demand liabilities. A CRR of 7% means that the banks need to set aside Rs 7 for every Rs 100 they receive in deposits.
Sensex was up 290.08 points or 1.90% at 15550.99, and the Nifty up 88.80 points or 2.00% at 4528.85.
About 1835 shares have advanced, 1065 shares declined, and 83 shares are unchanged.
The BSE Midcap Index ended at 6,718.08 up 99 points or 1.5%.
The BSE Smallcap Index ended at 8,070.63 up 129 points or 1.6%.
The BSE Health Care Index was up 1% at 3,718.26. Biocon, Orchid Chemical, Lupin, Ranbaxy Labs, Matrix Lab, Nicholas Pirama closed higher.
The BSE Auto Index closed at 4,933.83 up 0.2%. Cummins, Exide Industrie, Escorts, Bajaj Auto surged.
The BSE IT Index gained 0.4% at 4,862.52. Mphasis, HCL Tech, TCS, Patni Computer advanced.
BSE Oil and Gas Index gained 2% to close at 8,130.50. BPCL, Reliance Natura, Reliance, IOC, Reliance Petro, ONGC closed in green.
The BSE FMCG Index gained 1.4% at 1,973.16. Colgate, United Spirits, United Brewerie, ITC, Britannia were among the gainers.
The BSE Metal Index gained 2.2% to close at 11,630.92. Sterlite Ind, Hind Zinc, Jindal Steel, Shree Precoated, SAIL closed in green.
The BSE Bankex was up 1.2% at 8,148.68. HDFC Bank, SBI, Kotak Mahindra, Bank of Baroda, PNB ended higher.
Heavies like L&T, HDFC, BHEL and ABB contributed significantly to the rally. L&T was up 7% HDFC was up 6% and BHEL was up 5.6%.
Broader markets also participated giving markets an excellent breadth.
All the BSE sector indices closed in green. Capital goods index was the top gainer followed by metal, FMCG and realty stocks.
The RBI has increased the CRR by 50 bps to 7% from 6.5%. Reverse Repo cap was removed. Bond yields have moved up. CRR is the amount the commercial banks need to maintain with the RBI. The amount is based on a fixed percentage computed on each bank's total time and demand liabilities. A CRR of 7% means that the banks need to set aside Rs 7 for every Rs 100 they receive in deposits.
Sensex was up 290.08 points or 1.90% at 15550.99, and the Nifty up 88.80 points or 2.00% at 4528.85.
About 1835 shares have advanced, 1065 shares declined, and 83 shares are unchanged.
The BSE Midcap Index ended at 6,718.08 up 99 points or 1.5%.
The BSE Smallcap Index ended at 8,070.63 up 129 points or 1.6%.
The BSE Health Care Index was up 1% at 3,718.26. Biocon, Orchid Chemical, Lupin, Ranbaxy Labs, Matrix Lab, Nicholas Pirama closed higher.
The BSE Auto Index closed at 4,933.83 up 0.2%. Cummins, Exide Industrie, Escorts, Bajaj Auto surged.
The BSE IT Index gained 0.4% at 4,862.52. Mphasis, HCL Tech, TCS, Patni Computer advanced.
BSE Oil and Gas Index gained 2% to close at 8,130.50. BPCL, Reliance Natura, Reliance, IOC, Reliance Petro, ONGC closed in green.
The BSE FMCG Index gained 1.4% at 1,973.16. Colgate, United Spirits, United Brewerie, ITC, Britannia were among the gainers.
The BSE Metal Index gained 2.2% to close at 11,630.92. Sterlite Ind, Hind Zinc, Jindal Steel, Shree Precoated, SAIL closed in green.
The BSE Bankex was up 1.2% at 8,148.68. HDFC Bank, SBI, Kotak Mahindra, Bank of Baroda, PNB ended higher.
Intraday Calls for 31st July
Nifty Support 4420, 4360 and Resistance 4500, 4560.
Sensex Support 15200 and Resistance 15380, 15500.
Market opens with a gap up about 100 points & will remain positive whole day if RBI's Credit policy SLR unchanged or cut in SLR then market will boost.
Buy GDL, Unitech, HCC, Cropton Greaves, HCC, RIL, RNRL, REL, JP Hydro, Bombay Dyeing, Sun Flag Iron, Hindalco, United Spirits.
Keep Eyes on Banking Sector: SBI, Corporation Bank, PNB, Syndicate Bank & UCO Bank.
Good Luck.
Sensex Support 15200 and Resistance 15380, 15500.
Market opens with a gap up about 100 points & will remain positive whole day if RBI's Credit policy SLR unchanged or cut in SLR then market will boost.
Buy GDL, Unitech, HCC, Cropton Greaves, HCC, RIL, RNRL, REL, JP Hydro, Bombay Dyeing, Sun Flag Iron, Hindalco, United Spirits.
Keep Eyes on Banking Sector: SBI, Corporation Bank, PNB, Syndicate Bank & UCO Bank.
Good Luck.
Monday, July 30, 2007
Markets Today
The markets ended the day on a flat note amid volatality after seeing a rally of over 200 points in the noon trade. Turnover was low and the breadth was in the favour of declines. Banking and FMCG stock ended higher. However, realty, metal and IT stocks ended in green.
Top gainers on the Sensex were HUL, SBI and Ambuja Cements.
Top losers on the Sensex were Hindalco, ITC and Mah and Mah.
Reliance Energy surged after winning the bid for Sasan Ultra Mega Power Project.
The rupee was trading at 40.51, the dollar has not been able to maintain its strength.
SBI gained after delivering strong Q1 operational performance on Saturday and HUL was up on the buyback news.
Sensex was up 26.34 points or 0.17% at 15260.91, and the Nifty down 5.15 points or 0.12% at 4440.05.
About 1488 shares have advanced, 1415 shares declined, and 78 shares are unchanged.
The BSE Midcap Index ended at 6,618.99 up 21 points or 0.3%.
The BSE Smallcap Index ended at 7,941.75 up 15 points or 0.2%.
The BSE Bankex was up 1.7% at 8,055.14. Federal Bank, SBI, UTI Bank, Andhra Bank, IOB moved upwards.
The BSE Capital Goods Index was down 0.4% at 12,698.97. Suzlon Energy, Crompton Greave, Siemens, Praj Industries, Kalpataru Power, BHEL closed lower.
The BSE Health Care Index was down 0.24% at 3,682.47. Sterling Bio, Orchid Chemical, Pfizer, Nicholas Pirama, Cadila Health closed lower.
The BSE Auto Index closed at 4,943.50 down 0.4%. Apollo Tyres, Mah and Mah, Escorts, Tube Investment, Cummins closed higher.
The BSE Metal Index closed at 11,381.27 down 1%. NALCO, Hindalco, Mah Seamless, JindalStainless, SAIL closed lower.
The BSE FMCG Index closed at 1,945.26 up 1%. HUL, United Brewerie, United Spirits, Colgate, Nestle closed higher.
BSE Oil and Gas Index closed at 7,980.75 down 0.4%. IOC, BPCL, Reliance, Petronet LNG ended in red.
The BSE IT Index lost 0.6% at 4,876.34. Patni Computer, Financial Tech, HCL Tech, Tech Mahindra closed lower.
The NSE cash turnover was at Rs 11224.89 crore and the NSE F&O turnover was at Rs 44285.38 crore. The BSE cash turnover was Rs 5040.84 crore. Total market wide turnover was at Rs 60551.11 crore.
Top gainers on the Sensex were HUL, SBI and Ambuja Cements.
Top losers on the Sensex were Hindalco, ITC and Mah and Mah.
Reliance Energy surged after winning the bid for Sasan Ultra Mega Power Project.
The rupee was trading at 40.51, the dollar has not been able to maintain its strength.
SBI gained after delivering strong Q1 operational performance on Saturday and HUL was up on the buyback news.
Sensex was up 26.34 points or 0.17% at 15260.91, and the Nifty down 5.15 points or 0.12% at 4440.05.
About 1488 shares have advanced, 1415 shares declined, and 78 shares are unchanged.
The BSE Midcap Index ended at 6,618.99 up 21 points or 0.3%.
The BSE Smallcap Index ended at 7,941.75 up 15 points or 0.2%.
The BSE Bankex was up 1.7% at 8,055.14. Federal Bank, SBI, UTI Bank, Andhra Bank, IOB moved upwards.
The BSE Capital Goods Index was down 0.4% at 12,698.97. Suzlon Energy, Crompton Greave, Siemens, Praj Industries, Kalpataru Power, BHEL closed lower.
The BSE Health Care Index was down 0.24% at 3,682.47. Sterling Bio, Orchid Chemical, Pfizer, Nicholas Pirama, Cadila Health closed lower.
The BSE Auto Index closed at 4,943.50 down 0.4%. Apollo Tyres, Mah and Mah, Escorts, Tube Investment, Cummins closed higher.
The BSE Metal Index closed at 11,381.27 down 1%. NALCO, Hindalco, Mah Seamless, JindalStainless, SAIL closed lower.
The BSE FMCG Index closed at 1,945.26 up 1%. HUL, United Brewerie, United Spirits, Colgate, Nestle closed higher.
BSE Oil and Gas Index closed at 7,980.75 down 0.4%. IOC, BPCL, Reliance, Petronet LNG ended in red.
The BSE IT Index lost 0.6% at 4,876.34. Patni Computer, Financial Tech, HCL Tech, Tech Mahindra closed lower.
The NSE cash turnover was at Rs 11224.89 crore and the NSE F&O turnover was at Rs 44285.38 crore. The BSE cash turnover was Rs 5040.84 crore. Total market wide turnover was at Rs 60551.11 crore.
Souce: Moneycontrol.com
Intraday Calls for 30th July
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.
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.
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.
Subscribe to:
Posts (Atom)
