Market may open with a gap up and remain positive whole the day.
Sensex Support 15500, 15400 Resistance 15750, 15868
Nifty Support 4440 Resistance 4530, 4550.
Buy for Intraday:
TTML Above 35 Target 38 SL 34
Hotel Leela (47.6) Target 50-52 SL 46
Indian Hotel (127) Target 132-135 SL 125
IVRCL (380) Target 400+ SL 375
Peninsula Land (521) Target 535-542 SL 515
Mahindra Gesco (517) Target 535-540 SL 510
ADSL (333) Target 345+ SL 328
REL (860) Target 871-875-885 SL 855
Bank Of Baroda (276) Target 290 SL 272
Syndicate Bank (82) Target 85-88 SL 80
Others: Visu International (15), Mcdholding (221), ITC (183), Dabur (104), Elnet Tech (77), GEI Ind (99).
Good Luck
Wednesday, September 12, 2007
Tuesday, September 11, 2007
Markets Today
The markets ended in red with marginal losses. Midcap and smallcap just ended in green. Power, metal and select capital goods were aong the performers of the day. Midcap banking stocks did well aprt from the metal stocks. Selling pressure was seen in IT majors followed by auto and pharma stocks.
IFCI, Nyveli Lignite, Vijaya Bank, Dabur India and Tata Tele (Mah) were among the active stocks in the F&O space.
On the primary market front, Motilal Oswal got listed on the exchanges today at 930 versus its issue price of Rs 825. It closed at Rs 976.50 leading the gainers in the midcap space.
Reliance Ind hit Rs 2000 mark first time ever and was trading at Rs 1,980.40 down 0.34.
Top gainers on the indices were NTPC, Hindalco, Tata Steel, HDFC, ABB, Suzlon Energy, Dabur India, ACC were among the top gainers.
Top losers on the indices are TCS, Wipro HCL Tech, Zee Entertaiment, Satyam and Infosys.
In the block deals, 15 lakh Deccan Chronicle shares changed hands in BSE FII seg at Rs 242.60.
BSE Metal index is leading with again of over 1% on account of strengthning metal prices. Demand for metals is driven mainly by China which grew at 11.9% in Q2.
Sensex was down 54.06 points or 0.35% at 15542.77, and the Nifty down 10.80 points or 0.24% at 4497.05.
About 1522 shares have advanced, 1427 shares declined, and 73 shares are unchanged.
The BSE Midcap Index ended at 6,875.74 down 0.13%.
The BSE Smallcap Index ended at 8,529.09 up 0.2%.
The BSE Bankex was down 1% at 8,038.07. Karnataka Bank, Kotak Mahindra, SBI, ICICI Bank, Yes Bank, Bank of India moved downwards.
The BSE Capital Goods Index was up 0.4% at 13,714.26. Suzlon Energy, Kirloskar Bros, Alstom Projects, Triveni Engg, Alfa Laval, BHEL closed higher.
The BSE Health Care Index was down 0.5% at 3,703.82. Nicholas Pirama, Lupin, Divis Labs, Cadila Health closed lower.
The BSE Auto Index closed at 4,867.13 down 1%. Ashok Leyland, TVS Motor, Escorts, Tata Motors, Maruti Udyog closed higher.
The BSE Metal Index closed at 11,772.22 up 1.4%. Shree Precoated, Tata Steel, JindalStainless, SAIL, Sterlite Ind, Sesa Goa closed higher
The BSE FMCG Index closed at 2,098.05 up 0.7%. United Spirits, Dabur India, United Brewerie, Colgate, HUL closed higher.
BSE Oil and Gas Index closed flat at 8,260.71. Reliance, Essar Oil, GAIL, HPCL, Reliance Petro ended in red.
The BSE IT Index slipped 2% at 4,470.56. HCL Tech, Infosys, Patni Computer, Wipro, TCS closed lower.
The BSE realty Index lost 1% at 7,470.27. Unitech, Ansal Propertie, Mahindra Gesco, DLF closed lower.
The NSE cash turnover was at Rs 10841.17 crore and the NSE F&O turnover was at Rs 41739.52 crore. The BSE cash turnover was Rs 5306.15 crore. Total market wide turnover was at Rs 57886.84 crore.
IFCI, Nyveli Lignite, Vijaya Bank, Dabur India and Tata Tele (Mah) were among the active stocks in the F&O space.
On the primary market front, Motilal Oswal got listed on the exchanges today at 930 versus its issue price of Rs 825. It closed at Rs 976.50 leading the gainers in the midcap space.
Reliance Ind hit Rs 2000 mark first time ever and was trading at Rs 1,980.40 down 0.34.
Top gainers on the indices were NTPC, Hindalco, Tata Steel, HDFC, ABB, Suzlon Energy, Dabur India, ACC were among the top gainers.
Top losers on the indices are TCS, Wipro HCL Tech, Zee Entertaiment, Satyam and Infosys.
In the block deals, 15 lakh Deccan Chronicle shares changed hands in BSE FII seg at Rs 242.60.
BSE Metal index is leading with again of over 1% on account of strengthning metal prices. Demand for metals is driven mainly by China which grew at 11.9% in Q2.
Sensex was down 54.06 points or 0.35% at 15542.77, and the Nifty down 10.80 points or 0.24% at 4497.05.
About 1522 shares have advanced, 1427 shares declined, and 73 shares are unchanged.
The BSE Midcap Index ended at 6,875.74 down 0.13%.
The BSE Smallcap Index ended at 8,529.09 up 0.2%.
The BSE Bankex was down 1% at 8,038.07. Karnataka Bank, Kotak Mahindra, SBI, ICICI Bank, Yes Bank, Bank of India moved downwards.
The BSE Capital Goods Index was up 0.4% at 13,714.26. Suzlon Energy, Kirloskar Bros, Alstom Projects, Triveni Engg, Alfa Laval, BHEL closed higher.
The BSE Health Care Index was down 0.5% at 3,703.82. Nicholas Pirama, Lupin, Divis Labs, Cadila Health closed lower.
The BSE Auto Index closed at 4,867.13 down 1%. Ashok Leyland, TVS Motor, Escorts, Tata Motors, Maruti Udyog closed higher.
The BSE Metal Index closed at 11,772.22 up 1.4%. Shree Precoated, Tata Steel, JindalStainless, SAIL, Sterlite Ind, Sesa Goa closed higher
The BSE FMCG Index closed at 2,098.05 up 0.7%. United Spirits, Dabur India, United Brewerie, Colgate, HUL closed higher.
BSE Oil and Gas Index closed flat at 8,260.71. Reliance, Essar Oil, GAIL, HPCL, Reliance Petro ended in red.
The BSE IT Index slipped 2% at 4,470.56. HCL Tech, Infosys, Patni Computer, Wipro, TCS closed lower.
The BSE realty Index lost 1% at 7,470.27. Unitech, Ansal Propertie, Mahindra Gesco, DLF closed lower.
The NSE cash turnover was at Rs 10841.17 crore and the NSE F&O turnover was at Rs 41739.52 crore. The BSE cash turnover was Rs 5306.15 crore. Total market wide turnover was at Rs 57886.84 crore.
Source:moneycontrol.com
Intraday Calls for 11th September
Market may open positive but it is another day of highly volatile throughout the day. A flat closing expected.
Sensex Support 15500, 15400 and Resistance 15650, 15700
Nifty Support 4470, 4440 and Resistance 4530, 4550
Buy for Intraday:
Geojit Financial (45.6) Target 48-50 SL 44
ADSL (334) Target 345 SL 330 (Ultimate Short Term Target Rs. 375+)
Adlabs (499) Target 510-515 SL 495
RCOM (545) Target 550-552 SL 542
IDEA (122) Target 128-130 SL 120
Orchid Chem (219) Target 225+ SL 216
Tanla Solution (500) Target 515 SL 495
Alstom Projects (APIL) (758) Target 772-775 SL 752
UTV Software (555) Target 570 SL 548
Others: Escorts (109), IFCI (75), Cairn (156), SKumar Nation (110), Hotel Leela (45), Emkay Shares (155), JSW Steel (677).
Good Luck.
Sensex Support 15500, 15400 and Resistance 15650, 15700
Nifty Support 4470, 4440 and Resistance 4530, 4550
Buy for Intraday:
Geojit Financial (45.6) Target 48-50 SL 44
ADSL (334) Target 345 SL 330 (Ultimate Short Term Target Rs. 375+)
Adlabs (499) Target 510-515 SL 495
RCOM (545) Target 550-552 SL 542
IDEA (122) Target 128-130 SL 120
Orchid Chem (219) Target 225+ SL 216
Tanla Solution (500) Target 515 SL 495
Alstom Projects (APIL) (758) Target 772-775 SL 752
UTV Software (555) Target 570 SL 548
Others: Escorts (109), IFCI (75), Cairn (156), SKumar Nation (110), Hotel Leela (45), Emkay Shares (155), JSW Steel (677).
Good Luck.
Monday, September 10, 2007
Technical Views
Technical Analyst, Rajat K Bose is of the view that above Rs 138, IDBI can touch Rs 144-145.
Technical Analyst, Rajat K Bose is of the view that above Rs 138, Industrial Development Bank of India, IDBI can touch Rs 144-145.
Bose told CNBC-TV18, "IDBI looks pretty good, in fact immediately for a trader the target would be Rs 144-145, once Rs 138 is decisively broken on the upside. Actually, it might scale up that level earlier, much before the medium-term, but it about Rs 155-160."
He further added, "If one looks at the other financial stocks like IFCI and all, even those stocks are doing pretty well. If Rs 75 is crossed then IFCI will acquire further momentum on the upside."
"Rs 39.50-40 would be the strong resistance point for UCO Bank. But overall there is a lot of interest in UCO Bank, may be it will cross that level, unless it falls below Rs 36 now and then you can see further upswing happening in that stock as well."
Technical Analyst, Rajat K Bose is of the view that above Rs 138, Industrial Development Bank of India, IDBI can touch Rs 144-145.
Bose told CNBC-TV18, "IDBI looks pretty good, in fact immediately for a trader the target would be Rs 144-145, once Rs 138 is decisively broken on the upside. Actually, it might scale up that level earlier, much before the medium-term, but it about Rs 155-160."
He further added, "If one looks at the other financial stocks like IFCI and all, even those stocks are doing pretty well. If Rs 75 is crossed then IFCI will acquire further momentum on the upside."
"Rs 39.50-40 would be the strong resistance point for UCO Bank. But overall there is a lot of interest in UCO Bank, may be it will cross that level, unless it falls below Rs 36 now and then you can see further upswing happening in that stock as well."
Vivek Mahajan of IL& FS Investmart is of the view that Everest Kanto Cylinder can touch Rs 290.
Mahajan told CNBC-TV18, "Everest Kanto Cylinder makes cylinders for industrial gases, medical gases, CNG cylinders and all that. Right now the company has a capacity of 8 lakh cylinders spread between Aurangabad, Tarapur, Gandhidham and unit in Dubai. Going forward they are setting up a unit in China. While the Dubai unit will be catering to the demand from the Middle East, particularly Iran and also Pakistan, the China unit will be catering to China and Thailand. The demand for CNG is expected to go up manifold in these days to come as more and more gas supply becomes available particularly from the KNG basis and the demand for low pollution fuel.
He further added, ôWe think the company should be reporting an EPS of Rs 12 in the current year and Rs 18 next year. We expect company to grow at a 50% CAGR over the next 3-4 years. By next year, the company should be the largest cylinder manufacturer in the world. The stock is quoting at something like 12-13 times expected next year earnings. We think this stock has the potential to inch upto Rs 290 or thereabouts."
Mahajan told CNBC-TV18, "Everest Kanto Cylinder makes cylinders for industrial gases, medical gases, CNG cylinders and all that. Right now the company has a capacity of 8 lakh cylinders spread between Aurangabad, Tarapur, Gandhidham and unit in Dubai. Going forward they are setting up a unit in China. While the Dubai unit will be catering to the demand from the Middle East, particularly Iran and also Pakistan, the China unit will be catering to China and Thailand. The demand for CNG is expected to go up manifold in these days to come as more and more gas supply becomes available particularly from the KNG basis and the demand for low pollution fuel.
He further added, ôWe think the company should be reporting an EPS of Rs 12 in the current year and Rs 18 next year. We expect company to grow at a 50% CAGR over the next 3-4 years. By next year, the company should be the largest cylinder manufacturer in the world. The stock is quoting at something like 12-13 times expected next year earnings. We think this stock has the potential to inch upto Rs 290 or thereabouts."
Technical Analyst, Salil Sharma is of the view that Petronet LNG has target of Rs 72.
Sharma told CNBC-TV18, "Petronet LNG has given a good move above Rs 64, which used to be the strong resistance. Above Rs 66, the mild resistance looks quite good. It has moved up on quite heavy volumes. I expect a target of Rs 72 in the short-term and for the long-term holders, they can wait till Rs 90. On the downside, one should keep a short-term stoploss of Rs 60 and continue to ride the wave."
Sharma told CNBC-TV18, "Petronet LNG has given a good move above Rs 64, which used to be the strong resistance. Above Rs 66, the mild resistance looks quite good. It has moved up on quite heavy volumes. I expect a target of Rs 72 in the short-term and for the long-term holders, they can wait till Rs 90. On the downside, one should keep a short-term stoploss of Rs 60 and continue to ride the wave."
Source:moneycontrol.com
Markets Today
The markets ended the day on a flat note but were off day's low. Buying support came from FMCG, enegy and realty stocks. Selling pressure was seen in IT pivotals followed by select metal and banking stocks.
Smallcap and midcap indices outperformed the benchmark indices. BSE Midcap index was up 0.6% and the Smallcap index was up 1%.
RIL has acquired polyester assets of Malaysia-based Hualon. The stocks has reacted positively and in one of the most active counter today. Reliance was trading at Rs 1,986.00 up 1.25%.
ITC, NTPC, Ambuja Cements, Reliance Petro and BPCL were among the top gainers on the indices.
Sensex was up 6.41 points or 0.04% at 15596.83, and the Nifty down 1.65 points or 0.04% at 4507.85.
About 1779 shares have advanced, 1175 shares declined, and 67 shares are unchanged.
The BSE Midcap Index ended at 6,884.39 up 33 points or 0.48%.
The BSE Smallcap Index ended at 8,514.37 up 81 points or 0.96%.
The BSE Bankex was up 0.06% at 8,100.37. Kotak Mahindra, Andhra Bank, SBI, Bank of Baroda, Oriental Bank moved upwards.
The BSE Capital Goods Index was up 0.3% at 13,654.29. Bharat Bijlee, Jyoti Structure, Alstom Projects, Triveni Engg, Bharat Elec, ABB closed higher.
The BSE Health Care Index was up 0.4% at 3,720.81. Orchid Chemical, Glenmark, Sterling Bio, Ranbaxy Labs closed higher.
The BSE Auto Index closed at 4,900.37 up 0.22%. TVS Motor, Escorts, Apollo Tyres, Hind Motors surged.
The BSE Metal Index closed flat at 11,606.05. SAIL, Sesa Goa, NALCO, Jindal Steel, JindalStainless advanced higher.
The BSE IT Index lost 1.9% at 4,967.35. HCL Tech, Mphasis, Wipro, TCS, Infosys lower.
BSE Oil and Gas Index closed gained 1% to close at 8,259.93. Reliance Petro, Petronet LNG, BPCL, HPCL ended in green.
The BSE FMCG Index ended at 1,620.85 up 2%. ITC, United Spirits, Tata Tea, Godrej Consumer ended higher.
The NSE cash turnover was at Rs 8894.52 crore and the NSE F&O turnover was at Rs 37333.48 crore. The BSE cash turnover was Rs 4059.17 crore. Total market wide turnover was at Rs 50287.17 crore.
Smallcap and midcap indices outperformed the benchmark indices. BSE Midcap index was up 0.6% and the Smallcap index was up 1%.
RIL has acquired polyester assets of Malaysia-based Hualon. The stocks has reacted positively and in one of the most active counter today. Reliance was trading at Rs 1,986.00 up 1.25%.
ITC, NTPC, Ambuja Cements, Reliance Petro and BPCL were among the top gainers on the indices.
Sensex was up 6.41 points or 0.04% at 15596.83, and the Nifty down 1.65 points or 0.04% at 4507.85.
About 1779 shares have advanced, 1175 shares declined, and 67 shares are unchanged.
The BSE Midcap Index ended at 6,884.39 up 33 points or 0.48%.
The BSE Smallcap Index ended at 8,514.37 up 81 points or 0.96%.
The BSE Bankex was up 0.06% at 8,100.37. Kotak Mahindra, Andhra Bank, SBI, Bank of Baroda, Oriental Bank moved upwards.
The BSE Capital Goods Index was up 0.3% at 13,654.29. Bharat Bijlee, Jyoti Structure, Alstom Projects, Triveni Engg, Bharat Elec, ABB closed higher.
The BSE Health Care Index was up 0.4% at 3,720.81. Orchid Chemical, Glenmark, Sterling Bio, Ranbaxy Labs closed higher.
The BSE Auto Index closed at 4,900.37 up 0.22%. TVS Motor, Escorts, Apollo Tyres, Hind Motors surged.
The BSE Metal Index closed flat at 11,606.05. SAIL, Sesa Goa, NALCO, Jindal Steel, JindalStainless advanced higher.
The BSE IT Index lost 1.9% at 4,967.35. HCL Tech, Mphasis, Wipro, TCS, Infosys lower.
BSE Oil and Gas Index closed gained 1% to close at 8,259.93. Reliance Petro, Petronet LNG, BPCL, HPCL ended in green.
The BSE FMCG Index ended at 1,620.85 up 2%. ITC, United Spirits, Tata Tea, Godrej Consumer ended higher.
The NSE cash turnover was at Rs 8894.52 crore and the NSE F&O turnover was at Rs 37333.48 crore. The BSE cash turnover was Rs 4059.17 crore. Total market wide turnover was at Rs 50287.17 crore.
Source:moneycontrol.com
Friday, September 7, 2007
Markets Today
The markets ended the day with marginal losses on sccount of selling pressure seen in index pivotals. Also cues from global peers in Asia and the US markets were not very encouraging. Underperformance came from auto, metal and realty stocks followed by pharma, bank and oil & gas stocks.
Sensex was down 25.89 points or 0.17% at 15590.42, and the Nifty down 9.10 points or 0.20% at 4509.50.
About 1508 shares have advanced, 1420 shares declined, and 91 shares are unchanged.
The BSE Midcap Index ended at 6,851.65 up 0.03%.
The BSE Smallcap Index ended at 8,433.52 up 0.5%.
The BSE Bankex was down 0.2% at 8,095.69. Bank of Baroda, Kotak Mahindra, Bank of India, Axis Bank, SBI moved downwards.
The BSE Capital Goods Index was down 0.3% at 13,613.24. Triveni Engg, Alstom Projects, Suzlon Energy, Jyoti Structure, Lakshmi Machine, AIA Engineering closed lower.
The BSE Health Care Index was down 0.3% at 3,705.68. Nicholas Pirama, Cipla, Biocon, Aurobindo Pharm, Orchid Chemical closed lower.
The BSE Auto Index closed at 4,889.83 down 1%. Exide Industrie, Ashok Leyland, Mah and Mah, Tata Motors, TVS Motor closed higher.
The BSE Metal Index closed at 11,609.08 down 0.7%. JindalStainless, SAIL, Sterlite Ind, Sesa Goa closed lower.
The BSE FMCG Index closed at 2,046.63 up 0.7%. Marico, ITC, United Spirits, United Brewerie, Tata Tea closed lower.
BSE Oil and Gas Index closed at 8,185.77 down 0.6%. Reliance, Essar Oil, GAIL, HPCL, Reliance Petro ended in red.
The BSE IT Index slipped 0.1% at 4,659.70. Patni Computer, Mphasis, I-Flex Solution, HCL Tech closed lower.
The BSE realty Index lost 1% at 7,470.27. Unitech, Ansal Propertie, Mahindra Gesco, DLF closed lower.
The NSE cash turnover was at Rs 9966.22 crore and the NSE F&O turnover was at Rs 38666.44 crore. The BSE cash turnover was Rs 4869.79 crore. Total market wide turnover was at Rs 53502.45 crore.
Sensex was down 25.89 points or 0.17% at 15590.42, and the Nifty down 9.10 points or 0.20% at 4509.50.
About 1508 shares have advanced, 1420 shares declined, and 91 shares are unchanged.
The BSE Midcap Index ended at 6,851.65 up 0.03%.
The BSE Smallcap Index ended at 8,433.52 up 0.5%.
The BSE Bankex was down 0.2% at 8,095.69. Bank of Baroda, Kotak Mahindra, Bank of India, Axis Bank, SBI moved downwards.
The BSE Capital Goods Index was down 0.3% at 13,613.24. Triveni Engg, Alstom Projects, Suzlon Energy, Jyoti Structure, Lakshmi Machine, AIA Engineering closed lower.
The BSE Health Care Index was down 0.3% at 3,705.68. Nicholas Pirama, Cipla, Biocon, Aurobindo Pharm, Orchid Chemical closed lower.
The BSE Auto Index closed at 4,889.83 down 1%. Exide Industrie, Ashok Leyland, Mah and Mah, Tata Motors, TVS Motor closed higher.
The BSE Metal Index closed at 11,609.08 down 0.7%. JindalStainless, SAIL, Sterlite Ind, Sesa Goa closed lower.
The BSE FMCG Index closed at 2,046.63 up 0.7%. Marico, ITC, United Spirits, United Brewerie, Tata Tea closed lower.
BSE Oil and Gas Index closed at 8,185.77 down 0.6%. Reliance, Essar Oil, GAIL, HPCL, Reliance Petro ended in red.
The BSE IT Index slipped 0.1% at 4,659.70. Patni Computer, Mphasis, I-Flex Solution, HCL Tech closed lower.
The BSE realty Index lost 1% at 7,470.27. Unitech, Ansal Propertie, Mahindra Gesco, DLF closed lower.
The NSE cash turnover was at Rs 9966.22 crore and the NSE F&O turnover was at Rs 38666.44 crore. The BSE cash turnover was Rs 4869.79 crore. Total market wide turnover was at Rs 53502.45 crore.
Source:moneycontrol.com
Intraday Calls for 7th Sept.
Market is likely to open positive but may see some profit booking in second half. A flat closing expected.
Sensex Support 15440 Resistance 15700, 15868 (All Time High)
Nifty Support 4440 Resistance 4530, 4550
Buy for Intraday:
Escorts (104) Target 108-110 SL 101
Orbit Corp (502) Target 512+ SL 498
IDFC (132) Target 135+ SL 130
Tech Mahindra (1325) Target 1345-1355 SL 1315
REL (861) Target 880-885 SL 855
Mcleod Russel (60) Target 65+ SL 58
ALPS Industries (57.5) Target 60-62 SL 55 (Rec. on 10th Aug as delivery @ Rs. 44)
Tata Steel (693) Target 705 SL 688
Hind Oil Explo (106) Target 110 SL 104
Gujarat Industries Power (GIPCL) (76) Target 80+ SL 74
Other: Hotel Leela, BOB, Syndicate Bank.
Good Luck
Sensex Support 15440 Resistance 15700, 15868 (All Time High)
Nifty Support 4440 Resistance 4530, 4550
Buy for Intraday:
Escorts (104) Target 108-110 SL 101
Orbit Corp (502) Target 512+ SL 498
IDFC (132) Target 135+ SL 130
Tech Mahindra (1325) Target 1345-1355 SL 1315
REL (861) Target 880-885 SL 855
Mcleod Russel (60) Target 65+ SL 58
ALPS Industries (57.5) Target 60-62 SL 55 (Rec. on 10th Aug as delivery @ Rs. 44)
Tata Steel (693) Target 705 SL 688
Hind Oil Explo (106) Target 110 SL 104
Gujarat Industries Power (GIPCL) (76) Target 80+ SL 74
Other: Hotel Leela, BOB, Syndicate Bank.
Good Luck
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