Nifty Support 4300, 4220 and Resistance 4380, 4440
Sensex Support 14600 and Resistance 15000.
Market should open flat but can see some recovery and trade positively. Again can see some selling in late hours. So today is much volatile day for the market. Be carefull.
Buy Satyam @ 479 Target 485-488 SL 475
Buy Polaris @ 122 Target 128 SL 119
Buy RCOM@ 522 Target 530-535 SL 516
Buy Orchid Chemical @ 218 Target 225 SL 214
Buy PunjLlyod @ 275 Target 285-294 SL 270
Buy Prithvi Info @ 292 Target 300+ SL 288
Buy Crompton Greaves @ 295 Target 310 SL 290
Buy Sail @ 148-150 Target 155 SL 146
Other: Everonn System, Infosys, MphasisBFL, Emkay Shares, Paramount Communication, Nagarjun Fert, IDBI.
Good Luck.
Monday, August 13, 2007
Friday, August 10, 2007
Markets Today
The markets started the day down nearly 3% but saw some recovery coming in during the final hour of trade. The downtrend in market has been in global peers. The US subprime mortgage worry continues to haunts, it started with Europe yesterday and moved to US, today Asia ended with deep cracks and it down around 3%. Korea shaved off 4%.
Broader markets also ended in red but outperformed the benchmark indices down nearly 1%.
Realty, banking and metal indices are worst hit and are down 2.5%. FMCG, auto, pharma and oil & gas indices are down 1%.
Bharti Aitel, HDFC, Reliance Communication, Hero Honda, NTPC, Sterlite Ind are among the top losers down in the range of 3%-4%.
However, select IT stocks like Infosys and Satyam have managed to keep their head above the water and are trading marginally in the green. The rupee has weakened against the dollar and is tradingnear 40.66 levels against the dollar.
Sensex is down 231.90 points or 1.54% at 14868.25, and the Nifty down 69.85 points or 1.59% at 4333.35.
About 1209 shares have advanced, 1720 shares declined, and 64 shares are unchanged.
The BSE Midcap Index ended at 6,507.62 down 0.8%.
The BSE Smallcap Index ended at 7,904.13 down 0.8%.
The BSE Bankex was down 2.5% at 7,773.71. Kotak Mahindra, Federal Bank, Canara Bank, PNB, Axis Bank, ICICI Bank moved downwards.
The BSE Capital Goods Index was down 1% at 12,768.35. Punj Lloyd, Praj Industries, ABB, Greaves Cotton, Alstom Projects, BEML closed lower.
The BSE Health Care Index was down 0.6% at 3,651.28. Apollo Hospital, Cadila Health, Ranbaxy Labs, Glenmark, Aurobindo Pharm closed lower.
The BSE Auto Index closed at 4,736.40 down 1%. Hero Honda, Mah and Mah, TVS Motor, Maruti Udyog, Cummins, Hind Motors closed higher.
The BSE Metal Index closed at 10,863.61 down 2%. Mah Seamless, Hindalco, Jindal Steel, Sterlite Ind, Hind Zinc, Tata Steel closed lower.
The BSE FMCG Index closed at 1,903.05 down 1%. Godrej Consumer, HUL , Tata Tea, P and G, Dabur India closed lower.
BSE Oil and Gas Index closed at 7,755.96 down 2%. GAIL, ONGC, Reliance, BPCL ended in red.
The BSE IT Index gained 1% at 4,774.13. HCL Tech, Satyam, Mphasis, Patni Computer, Infosys closed higher.
The NSE cash turnover was at Rs 11274.81 crore and the NSE F&O turnover was at Rs 48868.82 crore. The BSE cash turnover was Rs 5200.94 crore. Total market wide turnover was at Rs 65344.57crore.
Source:moneycontrol.com
Broader markets also ended in red but outperformed the benchmark indices down nearly 1%.
Realty, banking and metal indices are worst hit and are down 2.5%. FMCG, auto, pharma and oil & gas indices are down 1%.
Bharti Aitel, HDFC, Reliance Communication, Hero Honda, NTPC, Sterlite Ind are among the top losers down in the range of 3%-4%.
However, select IT stocks like Infosys and Satyam have managed to keep their head above the water and are trading marginally in the green. The rupee has weakened against the dollar and is tradingnear 40.66 levels against the dollar.
Sensex is down 231.90 points or 1.54% at 14868.25, and the Nifty down 69.85 points or 1.59% at 4333.35.
About 1209 shares have advanced, 1720 shares declined, and 64 shares are unchanged.
The BSE Midcap Index ended at 6,507.62 down 0.8%.
The BSE Smallcap Index ended at 7,904.13 down 0.8%.
The BSE Bankex was down 2.5% at 7,773.71. Kotak Mahindra, Federal Bank, Canara Bank, PNB, Axis Bank, ICICI Bank moved downwards.
The BSE Capital Goods Index was down 1% at 12,768.35. Punj Lloyd, Praj Industries, ABB, Greaves Cotton, Alstom Projects, BEML closed lower.
The BSE Health Care Index was down 0.6% at 3,651.28. Apollo Hospital, Cadila Health, Ranbaxy Labs, Glenmark, Aurobindo Pharm closed lower.
The BSE Auto Index closed at 4,736.40 down 1%. Hero Honda, Mah and Mah, TVS Motor, Maruti Udyog, Cummins, Hind Motors closed higher.
The BSE Metal Index closed at 10,863.61 down 2%. Mah Seamless, Hindalco, Jindal Steel, Sterlite Ind, Hind Zinc, Tata Steel closed lower.
The BSE FMCG Index closed at 1,903.05 down 1%. Godrej Consumer, HUL , Tata Tea, P and G, Dabur India closed lower.
BSE Oil and Gas Index closed at 7,755.96 down 2%. GAIL, ONGC, Reliance, BPCL ended in red.
The BSE IT Index gained 1% at 4,774.13. HCL Tech, Satyam, Mphasis, Patni Computer, Infosys closed higher.
The NSE cash turnover was at Rs 11274.81 crore and the NSE F&O turnover was at Rs 48868.82 crore. The BSE cash turnover was Rs 5200.94 crore. Total market wide turnover was at Rs 65344.57crore.
Source:moneycontrol.com
Intraday Calls for 10th August
Markets may open with a dip gap down something like 400-500 points. But I think market can bounce back from lower levels.
So be carefull but its a buying opportunity for valuable stocks and some small companies which are trading at their lower levels and may bounce. I can suggest some of stocks:
1. Ansal Buildwell CMP Rs. 80/- Very good fundamentals, Land Bank and have potential of 40-50% gain from current levels.
2. ALPS Industries CMP Rs.44/- It is also a very nice co., Strong fundamentals. Buy it for short to med term gain.
3. Orchid Chemical CMP Rs. 220/- Nice results posted by this company in june quarter. So buy for short term target of Rs. 275/-
4. Paramount Communicaion CMP Rs. 28/- Trading at its lower levels and have potential to touch Rs. 40-45/-
Good Luck.
Thursday, August 9, 2007
Markets Today
It was a weak day for the markets accompanied by volatility and unceratinity on account of subprime mortgage worries. The markets opened with a gap up of 200 points but slipped in red on weak global cues, swinging by nearly 500 points.
The fall was inline with the Europe meltdown on news that BNP Paribas has freezed 3 asset backed funds on US subprime losses. BNP Paribas SA, France's biggest bank, halted withdrawals from three investment funds because it can't ``fairly'' value their holdings, as concern over U.S. subprime mortgage losses roils credit markets.
Selling was seen in scrips across sectors. Leading the downtrend were IT, oil gas and FMCG stocks. The broader markets also sild and ended lower.
Sensex was down 207.83 points or 1.36% at 15100.15, and the Nifty down 58.90 points or 1.32% at 4403.20.
About 1181 shares have advanced, 1749 shares declined, and 62 shares are unchanged.
The BSE Midcap Index ended at 6,559.58 down 1.6%.
The BSE Smallcap Index ended at 7,964.12 down 1%.
The BSE Bankex was down 1.3% at 7,975.48. Bank of Baroda, Union Bank, Allahabad Bank, Federal Bank, SBI moved downwards.
The BSE Capital Goods Index was down 1% at 12,883.72. Crompton Greave, AIA Engineering, Alstom Projects, Gammon India, Punj Lloyd, Jyoti Structure, Reliance Infra, Praj Industries closed lower.
The BSE Health Care Index was down 0.6% at 3,651.28. Apollo Hospital, Cadila Health, Ranbaxy Labs, Glenmark, Aurobindo Pharm closed lower.
The BSE Auto Index closed at 4,769.15 down 1%. Exide Industrie, MICO, Amtek Auto, Tube Investment, Cummins closed higher.
The BSE Metal Index closed at 11,118.87 down 1%. Shree Precoated, Hindalco, Jindal Steel, JSW Steel, Mah Seamless, Jindal Saw closed lower.
The BSE FMCG Index closed at 1,920.03 down 2%. Marico, United Spirits, GlaxoSmith Con, United Brewerie, Colgate closed lower.
BSE Oil and Gas Index closed at 7,891.15 down 2%. Reliance Natura, Essar Oil, GAIL, ONGC ended in red.
The BSE IT Index lost 1.6% at 4,733.85.Mphasis, Financial Tech, I-Flex Solution, Satyam, Infosys closed lower.
The NSE cash turnover was at Rs 11846.62 crore and the NSE F&O turnover was at Rs 55930.24 crore. The BSE cash turnover was Rs 5478.43 crore. Total market wide turnover was at Rs 73255.29 crore.
The fall was inline with the Europe meltdown on news that BNP Paribas has freezed 3 asset backed funds on US subprime losses. BNP Paribas SA, France's biggest bank, halted withdrawals from three investment funds because it can't ``fairly'' value their holdings, as concern over U.S. subprime mortgage losses roils credit markets.
Selling was seen in scrips across sectors. Leading the downtrend were IT, oil gas and FMCG stocks. The broader markets also sild and ended lower.
Sensex was down 207.83 points or 1.36% at 15100.15, and the Nifty down 58.90 points or 1.32% at 4403.20.
About 1181 shares have advanced, 1749 shares declined, and 62 shares are unchanged.
The BSE Midcap Index ended at 6,559.58 down 1.6%.
The BSE Smallcap Index ended at 7,964.12 down 1%.
The BSE Bankex was down 1.3% at 7,975.48. Bank of Baroda, Union Bank, Allahabad Bank, Federal Bank, SBI moved downwards.
The BSE Capital Goods Index was down 1% at 12,883.72. Crompton Greave, AIA Engineering, Alstom Projects, Gammon India, Punj Lloyd, Jyoti Structure, Reliance Infra, Praj Industries closed lower.
The BSE Health Care Index was down 0.6% at 3,651.28. Apollo Hospital, Cadila Health, Ranbaxy Labs, Glenmark, Aurobindo Pharm closed lower.
The BSE Auto Index closed at 4,769.15 down 1%. Exide Industrie, MICO, Amtek Auto, Tube Investment, Cummins closed higher.
The BSE Metal Index closed at 11,118.87 down 1%. Shree Precoated, Hindalco, Jindal Steel, JSW Steel, Mah Seamless, Jindal Saw closed lower.
The BSE FMCG Index closed at 1,920.03 down 2%. Marico, United Spirits, GlaxoSmith Con, United Brewerie, Colgate closed lower.
BSE Oil and Gas Index closed at 7,891.15 down 2%. Reliance Natura, Essar Oil, GAIL, ONGC ended in red.
The BSE IT Index lost 1.6% at 4,733.85.Mphasis, Financial Tech, I-Flex Solution, Satyam, Infosys closed lower.
The NSE cash turnover was at Rs 11846.62 crore and the NSE F&O turnover was at Rs 55930.24 crore. The BSE cash turnover was Rs 5478.43 crore. Total market wide turnover was at Rs 73255.29 crore.
Source: Moneycontrol.com
Intraday Calls for 9th August
Nifty Support 4380, 4300 and Resistance 4510, 4540.
Sensex Support 15050, 14950 and Resistance 15500.
Market opens positive with at gap. But later can see profit booking and may come down for flat closing.
Buy HOPFL @ Rs. 292/- Target Rs. 305-310/- SL Rs. 288/-
Buy BRFL @ Rs. 217/- Target Rs. 222-225/- SL Rs. 214/-
Buy Nelcast @ Rs. 160/- Target Rs. 165+ SL Rs. 157/-
Buy Gemini Communication @ Rs. 200/- Target Rs. 210/- SL Rs. 196/-
Buy NDTV @ RS. 373/- Target Rs. 380-385/- SL Rs. 368/-
Buy PNB @ Rs. 521/- Target Rs. 530-535/- SL Rs, 516/-
Others: Hinduja TMT, ACC, BILT, Mukta Arts, Grasim, Kesoram, Reliance, FSL, Mindtree, Atlanta, Visu International.
Short Sell: Orbit Corp, Everonn, Aurbindo Pharma.
Good Luck.
Sensex Support 15050, 14950 and Resistance 15500.
Market opens positive with at gap. But later can see profit booking and may come down for flat closing.
Buy HOPFL @ Rs. 292/- Target Rs. 305-310/- SL Rs. 288/-
Buy BRFL @ Rs. 217/- Target Rs. 222-225/- SL Rs. 214/-
Buy Nelcast @ Rs. 160/- Target Rs. 165+ SL Rs. 157/-
Buy Gemini Communication @ Rs. 200/- Target Rs. 210/- SL Rs. 196/-
Buy NDTV @ RS. 373/- Target Rs. 380-385/- SL Rs. 368/-
Buy PNB @ Rs. 521/- Target Rs. 530-535/- SL Rs, 516/-
Others: Hinduja TMT, ACC, BILT, Mukta Arts, Grasim, Kesoram, Reliance, FSL, Mindtree, Atlanta, Visu International.
Short Sell: Orbit Corp, Everonn, Aurbindo Pharma.
Good Luck.
Wednesday, August 8, 2007
Markets Today
It was a standout performance by market on the back of some strong global cues. There was no volatility and Sensex closed above 15,300 and Nifty above 4450 levels. Breadth was heathy on strong turnover.
Technology stocks are sparkling on expectation of weakening rupee on the new ECB norm. Asia ended firm as Fed kept its rates unchanged serving as positive cues for the markets.
All the BSE sector indices are trading in green. Followed by the technology banking, realty and oil & gas stocks surged on the bourses.
Infosys, TCS, Wipro, HCL Tech, Polaris, Mphasis, Patni, Foursoft, Aptech were technology standout performers.
Export oriented sectors will be positively impacted on account of new ECB norm which is expected to arrest rupee appreciation. Apart from IT even phama stocks are expected to be positively impacted.
Sensex was up 375.21 points or 2.51% at 15307.98, and the Nifty up 105.75 points or 2.43% at 4462.10.
About 2108 shares have advanced, 825 shares declined, and 58 shares are unchanged.
The BSE Midcap Index ended at 6,665.67 up 91 points or 1.4%.
The BSE Smallcap Index ended at 8,051.22 up 136 points or 1.7%.
The BSE Bankex closed at 8,076.32 up 2%. Union Bank, Canara Bank, Centurion Bank, Bank of Baroda, PNB, Allahabad Bank moved upwards.
The BSE Capital Goods Index was up 1.8% at 13,032.66. Reliance Infra, Crompton Greave, Praj Industries, Gammon India, AIA Engineering, BHEL closed higher.
The BSE Health Care Index was up 1.2% at 3,671.59. Matrix Lab, Orchid Chemical, Ranbaxy Labs, Sun Pharma, Lupin closed higher.
The BSE Auto Index closed at 4,810.74 up 1.4%. Hero Honda, Cummins, Amtek Auto, TVS Motor, Exide Industrie, Escorts, Mah and Mah advanced.
The BSE Metal Index closed at 11,222.02 up 1.5%. Hindalco, SAIL, NALCO, Sesa Goa, Sterlite Ind advanced higher.
The BSE FMCG Index gained 1% at 1,953.80. Marico, Godrej Consumer, Nestle, GlaxoSmith Con, Dabur India closed higher.
BSE Oil and Gas Index closed at 8,048.75 up 3%. Essar Oil, Reliance, Petronet LNG, ONGC ended in green.
The BSE IT Index closed at 4,808.43 up 4%. HCL Tech, Mphasis, Infosys, TCS closed higher.
The NSE cash turnover was at Rs 10130.55 crore and the NSE F&O turnover was at Rs 42084.83 crore. The BSE cash turnover was Rs 4711.34 crore. Total market wide turnover was at Rs 56926.72 crore.
Source: Moneycontrol.com
Intraday Calls for 8th August
Nifty: Support 4300 & Resistance 4400, 4440.
Sensex: Support 14900 & Resistance 15000, 15200.
Markets looks good for today. A fine day expected. Positive opening with nice gain also.
Buy Mphasis @ Rs. 283/- Target Rs. 290-295/- SL Rs. 282/-
Buy HCL Tech @ Rs. 298/- Target Rs. 305/- SL Rs. 294/-
Buy Mastek @ Rs. 252/- Target Rs. 260-265/- SL Rs. 248/-
Buy HDIL @ Rs. 525/- Target Rs. 536-540/- SL Rs. 520/-
Buy Bindal Agro (Oswal Chemical) @ Rs. 34/- Target Rs. 36+ SL Rs. 32/- (Short Term Target 40+) Buy Premier Explosive @ Rs. 50/- Target Rs. 55/- SL Rs. 48/-
Buy Ceat @ Rs. 166/- Target Rs. 172-175/- SL Rs. 162/-
Buy Timex Watches @ Rs. 30/- Target Rs. 35/- (Short Term) SL Rs. 28/-
Others: Sterlite Industries, IDBI, HPCL, JetAirways, ADSL, NitinFire, ITC, MTNL.
Banking Stocks: Sell.
Good Luck.
Sensex: Support 14900 & Resistance 15000, 15200.
Markets looks good for today. A fine day expected. Positive opening with nice gain also.
Buy Mphasis @ Rs. 283/- Target Rs. 290-295/- SL Rs. 282/-
Buy HCL Tech @ Rs. 298/- Target Rs. 305/- SL Rs. 294/-
Buy Mastek @ Rs. 252/- Target Rs. 260-265/- SL Rs. 248/-
Buy HDIL @ Rs. 525/- Target Rs. 536-540/- SL Rs. 520/-
Buy Bindal Agro (Oswal Chemical) @ Rs. 34/- Target Rs. 36+ SL Rs. 32/- (Short Term Target 40+) Buy Premier Explosive @ Rs. 50/- Target Rs. 55/- SL Rs. 48/-
Buy Ceat @ Rs. 166/- Target Rs. 172-175/- SL Rs. 162/-
Buy Timex Watches @ Rs. 30/- Target Rs. 35/- (Short Term) SL Rs. 28/-
Others: Sterlite Industries, IDBI, HPCL, JetAirways, ADSL, NitinFire, ITC, MTNL.
Banking Stocks: Sell.
Good Luck.
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