Market is likely to open flat and may see some correction.
Sensex Support 16260 Resistance 16450, 16560.
Nifty Support 4640, 4600 Resistance 4750, 4780
Buys for Intraday:
KRBL (96) Target 102-105 SL 94
Gulf Oil (1415) Target 1430-1440 SL 1410
Cinemax (156) Target 162-165 SL 152
GMR Infra (805) Target 815-820 SL 800
Dewan Housing (74) Target 78-80 SL 72
Hyd Ind (220) Target 225-228 SL 216
MRPL (51) Target 53-55 SL 50
Petronet LNG (68.25) Target 70-72 SL 66
Others: Nelcast (156), Lok Housing (154), HCC (141), RCOM (566) Prithvi Info (299), Arvind Mills (52).
Good Luck.
Friday, September 21, 2007
Thursday, September 20, 2007
Intraday Calls for 20th September
Yesterday was a Golden day for India in both Indian Stock Market and Indian Cricket. Made new records.
Today market can open positive and remain flat to positive, closing can be flat coz of some profit booking at higher levles.
Sensex Support 16000, 15860 Resistance 16400, 16460.
Nifty Support 4640, 4600 Resistance 4750.
Buys for Intraday:
IVRCL (403) Target 410+ SL 398 (Rec. at 375 level for delivery on 17 Sept)
ONGC (902) Target 930+ SL 895
ITC (186) Target 190+ SL 184
Renuka Sugar (686) Target 700+ SL 680
RCOM (564) Target 575 SL 560
IDBI (139) Target 142-145 SL 137
IDFC (137) Target 140-142 SL 135
Voltas (157) Target 162-165 SL 154
IVR Prime (388) Target 400 SL 384
TVToday (151) Target 155 SL 148
ENIL (509) Target 520 SL 505
Short Sell: Sail (185), Suzlon (1470), Reliance Infra (865), REL (948)
Good Luck
Today market can open positive and remain flat to positive, closing can be flat coz of some profit booking at higher levles.
Sensex Support 16000, 15860 Resistance 16400, 16460.
Nifty Support 4640, 4600 Resistance 4750.
Buys for Intraday:
IVRCL (403) Target 410+ SL 398 (Rec. at 375 level for delivery on 17 Sept)
ONGC (902) Target 930+ SL 895
ITC (186) Target 190+ SL 184
Renuka Sugar (686) Target 700+ SL 680
RCOM (564) Target 575 SL 560
IDBI (139) Target 142-145 SL 137
IDFC (137) Target 140-142 SL 135
Voltas (157) Target 162-165 SL 154
IVR Prime (388) Target 400 SL 384
TVToday (151) Target 155 SL 148
ENIL (509) Target 520 SL 505
Short Sell: Sail (185), Suzlon (1470), Reliance Infra (865), REL (948)
Good Luck
Wednesday, September 19, 2007
Marekts Today
It was a phenomenal session for equity markets across the globe giving some blow out moves. Markets saw an emphatic breakout celebrating the rate cut of 50 bps in the discount rate by the Fed chief Ben Bernanke. This rate cut comes after four years on account of recession concerns in the US. During the last four years there have been 17 consecutive rate hikes and yesterday we saw a rate cut of 50 bps. Analysts are seeing this as positive and a bold move by the Fed in order to take charge of the slowdown in US.
It was a historic session for Sensex, which was up 4% or 600 points breaching 16,000 and staying well above outperforming most of the Asian peers. It was the biggest single day points gain for Sensex. The euphoria was wide spread in scrips across sectors. Sugar was the story of the day. After a long time sugar rallied with some of sugar stocks locked in upper circuit on sops being given to sugar companies.
Rate sensitive were also among the star performers whether it was banking, property or auto.
Banking & financial stocks like HDFC and HDFC Bank saw big moves and were up 8% followed by ICICI Bank and SBI. Giving them company from the realty space were DLF, Unitech, HDIL.
Stocks like SBI, SAIL, Reliance, RPL, HDFC, BHEL and Tata Steel hit their life time highs. Reliance market cap hit Rs 3 lakh crore.
Sensex was up 653.63 points or 4.17% at 16322.75, and the Nifty up 186.15 points or 4.09% at 4732.35.
About 1643 shares have advanced, 1301 shares declined, and 86 shares are unchanged.
The BSE Midcap Index ended at 7,116.61 up 132 points or 1.9%.
The BSE Smallcap Index ended at 8,871.00 up 90 points or 1%.
The BSE Capital Goods Index was closed at 14,112.99 up 2%. Triveni Engg, Praj Industries, Lakshmi Machine, Reliance Infra, Carborundum, Bharat Bijlee, Thermax closed higher.
The BSE Auto Index closed closed at 5,094.31 up 3.5%. Maruti Udyog, Bajaj Auto, Mah and Mah, Hero Honda, Tata Motors ended in the green.
The BSE Metal Index closed at 12,546.34 up 4%. SAIL, Sterlite Ind, Tata Steel, Hindalco, JSW Steel, Hind Zinc advanced.
The BSE FMCG Index gained 2% at 2,140.91. ITC, HUL, Britannia, Marico, Colgate, Tata Tea ended higher.
BSE Oil and Gas Index closed at 8,924.11 up 5%. Reliance Petro, Reliance Natura, GAIL, Reliance closed in green.
The BSE IT Index closed at 4,491.21 up 2.4%. Infosys, Tech Mahindra, Mphasis, I-Flex Solution, HCL Tech, Satyam, Patni Computer closed higher.
The BSE Bankex was up 5% at 8,691.45. HDFC Bank, Bank of Baroda, ICICI Bank, PNB, SBI closed higher.
The NSE cash turnover was at Rs 16470.54 crore and the NSE F&O turnover was at Rs 68643.65 crore. The BSE cash turnover was Rs 7455.94 crore. Total market wide turnover was at Rs 92570.13 crore.
It was a historic session for Sensex, which was up 4% or 600 points breaching 16,000 and staying well above outperforming most of the Asian peers. It was the biggest single day points gain for Sensex. The euphoria was wide spread in scrips across sectors. Sugar was the story of the day. After a long time sugar rallied with some of sugar stocks locked in upper circuit on sops being given to sugar companies.
Rate sensitive were also among the star performers whether it was banking, property or auto.
Banking & financial stocks like HDFC and HDFC Bank saw big moves and were up 8% followed by ICICI Bank and SBI. Giving them company from the realty space were DLF, Unitech, HDIL.
Stocks like SBI, SAIL, Reliance, RPL, HDFC, BHEL and Tata Steel hit their life time highs. Reliance market cap hit Rs 3 lakh crore.
Sensex was up 653.63 points or 4.17% at 16322.75, and the Nifty up 186.15 points or 4.09% at 4732.35.
About 1643 shares have advanced, 1301 shares declined, and 86 shares are unchanged.
The BSE Midcap Index ended at 7,116.61 up 132 points or 1.9%.
The BSE Smallcap Index ended at 8,871.00 up 90 points or 1%.
The BSE Capital Goods Index was closed at 14,112.99 up 2%. Triveni Engg, Praj Industries, Lakshmi Machine, Reliance Infra, Carborundum, Bharat Bijlee, Thermax closed higher.
The BSE Auto Index closed closed at 5,094.31 up 3.5%. Maruti Udyog, Bajaj Auto, Mah and Mah, Hero Honda, Tata Motors ended in the green.
The BSE Metal Index closed at 12,546.34 up 4%. SAIL, Sterlite Ind, Tata Steel, Hindalco, JSW Steel, Hind Zinc advanced.
The BSE FMCG Index gained 2% at 2,140.91. ITC, HUL, Britannia, Marico, Colgate, Tata Tea ended higher.
BSE Oil and Gas Index closed at 8,924.11 up 5%. Reliance Petro, Reliance Natura, GAIL, Reliance closed in green.
The BSE IT Index closed at 4,491.21 up 2.4%. Infosys, Tech Mahindra, Mphasis, I-Flex Solution, HCL Tech, Satyam, Patni Computer closed higher.
The BSE Bankex was up 5% at 8,691.45. HDFC Bank, Bank of Baroda, ICICI Bank, PNB, SBI closed higher.
The NSE cash turnover was at Rs 16470.54 crore and the NSE F&O turnover was at Rs 68643.65 crore. The BSE cash turnover was Rs 7455.94 crore. Total market wide turnover was at Rs 92570.13 crore.
Source:moneycontrol.com
Intraday Calls for 19th September
Market can open with gap up and it can even touch 16000 mark today.
Buy for intraday (Do not buy if open too high):
Exide Industries
India Cement
ITC
Reliance Energy
SBI
Bank of Baroda
Sasken Communication
Escorts
Skumar Nation
Shringar Cinema
Prithvi Info
Good Luck
Buy for intraday (Do not buy if open too high):
Exide Industries
India Cement
ITC
Reliance Energy
SBI
Bank of Baroda
Sasken Communication
Escorts
Skumar Nation
Shringar Cinema
Prithvi Info
Good Luck
Tuesday, September 18, 2007
Intraday Calls for 18th September
Market will open with a gap down about 100-150 points. Some recovery expected from lower levels but remail nagetive.
Sensex Support 15340 Resistance 15630
Nifty Support 4440 Resistance 4530
Buy for intraday: (Buy at lower levels)
Adhunik Metal
Praj Industries
India Cement
ITC
Hind Organics
Redington
Titan Industries
Finolex Industries
Renuka Sugar
Sakthi Sugar
Sel Manufacturing
Good Luck
Sensex Support 15340 Resistance 15630
Nifty Support 4440 Resistance 4530
Buy for intraday: (Buy at lower levels)
Adhunik Metal
Praj Industries
India Cement
ITC
Hind Organics
Redington
Titan Industries
Finolex Industries
Renuka Sugar
Sakthi Sugar
Sel Manufacturing
Good Luck
Monday, September 17, 2007
Markets Today
It was a weak close for the markets on account of some negative cues from Europe. Europe after opening in red sliped further, FTSE was down 2% following the suit are CAC and DAX. Some of Asian markets came under pressure, Taiwan was down 1%, Kospi ended flat and Hang Seng was down over 1%. All eyes are set on tomorrow's Fed meet where analyst are expecting a rate cut of 25 bps.
Technology and telecom stood out as the biggest losers with Reliance Communication, Satyam, TCS, Bharti Airtel and Infosys being among the top losers.
Consumer durables have stood out in todays trade and were among the top gainers followed by select auto, power, FMCG and metal stocks.
Advance tax numbers are out ICICI Banks number stood at Rs 450 crore, flat YoY basis and Ambuja Cement at Rs 200 crore versus Rs 120 crore (YoY).
Sensex was down 99.37 points or 0.64% at 15504.43, and the Nifty down 23.35 points or 0.52% at 4494.65.
About 1509 shares have advanced, 1443 shares declined, and 76 shares are unchanged.
The BSE Midcap Index ended at 6,915.37 up 18 points or 0.30%.
The BSE Smallcap Index ended at 8,640.23 up 68 points or 0.8%.
The BSE Capital Goods Index was closed flat at 13,704.85. Reliance Infra, Triveni Engg, Kirloskar Oil, Bharat Bijlee closed higher.
The BSE Auto Index closed closed at 4,897.17 up 0.2%. Bajaj Auto, Cummins, Tube Investment, Hind Motors, Maruti Udyog ended in the green.
The BSE Metal Index closed at 12,011.58 up 0.3%. Sesa Goa, Shree Precoated, Hind Zinc, NALCO, Sterlite Ind advanced.
The BSE FMCG Index gained 0.9% at 2,090.79. United Brewerie, United Spirits, GlaxoSmith Con, Tata Tea ended in red.
BSE Oil and Gas Index closed at 8,372.09 down 0.2%.
The BSE IT Index closed at 4,387.26 down 1.4%. TCS down 2.5%, closes below Rs 1000; Satyam down 1.8%, Infosys down 1.76%.
The BSE Bankex was down 0.6% at 8,090.77. ICICI Bank down 1.23%, HDFC Bank down 0.53%.
The NSE cash turnover was at Rs 9373.78 crore and the NSE F&O turnover was at Rs 35768.53 crore. The BSE cash turnover was Rs 4673.34 crore. Total market wide turnover was at Rs 49815.65 crore.
Technology and telecom stood out as the biggest losers with Reliance Communication, Satyam, TCS, Bharti Airtel and Infosys being among the top losers.
Consumer durables have stood out in todays trade and were among the top gainers followed by select auto, power, FMCG and metal stocks.
Advance tax numbers are out ICICI Banks number stood at Rs 450 crore, flat YoY basis and Ambuja Cement at Rs 200 crore versus Rs 120 crore (YoY).
Sensex was down 99.37 points or 0.64% at 15504.43, and the Nifty down 23.35 points or 0.52% at 4494.65.
About 1509 shares have advanced, 1443 shares declined, and 76 shares are unchanged.
The BSE Midcap Index ended at 6,915.37 up 18 points or 0.30%.
The BSE Smallcap Index ended at 8,640.23 up 68 points or 0.8%.
The BSE Capital Goods Index was closed flat at 13,704.85. Reliance Infra, Triveni Engg, Kirloskar Oil, Bharat Bijlee closed higher.
The BSE Auto Index closed closed at 4,897.17 up 0.2%. Bajaj Auto, Cummins, Tube Investment, Hind Motors, Maruti Udyog ended in the green.
The BSE Metal Index closed at 12,011.58 up 0.3%. Sesa Goa, Shree Precoated, Hind Zinc, NALCO, Sterlite Ind advanced.
The BSE FMCG Index gained 0.9% at 2,090.79. United Brewerie, United Spirits, GlaxoSmith Con, Tata Tea ended in red.
BSE Oil and Gas Index closed at 8,372.09 down 0.2%.
The BSE IT Index closed at 4,387.26 down 1.4%. TCS down 2.5%, closes below Rs 1000; Satyam down 1.8%, Infosys down 1.76%.
The BSE Bankex was down 0.6% at 8,090.77. ICICI Bank down 1.23%, HDFC Bank down 0.53%.
The NSE cash turnover was at Rs 9373.78 crore and the NSE F&O turnover was at Rs 35768.53 crore. The BSE cash turnover was Rs 4673.34 crore. Total market wide turnover was at Rs 49815.65 crore.
Source:moneycontrol.com
Intraday Calls for 17th September
Market may open flat and remain in range. Not much downside and not much upside expected.
Sensex Support 15550, 15400 Resistance 15750
Nifty Support 4500, 4470 Resistance 4530, 4550
Buy for Intraday:
Aptech (375) Target 382-385 SL 372
Orchid Chemical (218) Target 225 SL 215
GVK Power (570) Target 580+ SL 565
Kalyani Steel (385) Target 395-400 SL 380
Radico Khaitan (194) Target 204-208 SL 190
Dollex (118) Target 125 SL 116
Prithvi Info (300) Target 308-310 SL 296
Bayer Crop (344) Target 355 SL 340
IVRCL (375) Target 382-385 SL 370 (Ultimate Short Term Target 450+)
Others: Ispat Industries (20)(Buy for long term gain), FDC Ltd. (32.40), Cairn Energy (161), Arvind Mills (52), ITC (180).
Good Luck
Sensex Support 15550, 15400 Resistance 15750
Nifty Support 4500, 4470 Resistance 4530, 4550
Buy for Intraday:
Aptech (375) Target 382-385 SL 372
Orchid Chemical (218) Target 225 SL 215
GVK Power (570) Target 580+ SL 565
Kalyani Steel (385) Target 395-400 SL 380
Radico Khaitan (194) Target 204-208 SL 190
Dollex (118) Target 125 SL 116
Prithvi Info (300) Target 308-310 SL 296
Bayer Crop (344) Target 355 SL 340
IVRCL (375) Target 382-385 SL 370 (Ultimate Short Term Target 450+)
Others: Ispat Industries (20)(Buy for long term gain), FDC Ltd. (32.40), Cairn Energy (161), Arvind Mills (52), ITC (180).
Good Luck
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