Markets Today: Biggest Single Day Gain

The markets ended with monster gains on heavy buying in scrips across sectors. Sensex has gained over 900 points and Nifty has scored over a double century and was up over 250 points. It was the biggest single day absolute gain for Sensex. The cues from global markets have been robust with Asia closing higher and Europe opening strong.
Oil & gas, capital good, metal and banking stocks continue to be in the limelight today. Broader markets have also participated in the uptrend but the frontliners outperformed the midcap and smallcap indices. BSE Midcap index was up over 2% and the smallcap index was up over 2.4%.
ICICI Bank surged over 9%, Wipro and Hindalco were up over 7% followed by HDFC, HDFC Bank, Bharti Airtel, Rel Petro and PNB.
Sensex was up 893.58 points or 4.69% at 19929.06, and the Nifty up 242.50 points or 4.26% at 5937.90.
About 2135 shares have advanced, 852 shares declined, and 78 shares are unchanged.
The BSE Midcap Index ended at 8,285.63 up 2%.
The BSE Smallcap Index ended at 10,039.38 up 2.4%.
The BSE Bankex was up 7.2%. Top gainers were HDFC Bank up 11.3%, ICICI Bank up 8.9%, PNB up 9.7% followed by SBI, BOB, HDFC Bank, Union Bank, Axis Bank, Kotak Mahindra, Andhra Bank, Bank of India moved upwards.
The BSE Capital Goods Index was up 1% at 20,386.41. Siemens, Areva T&D, Kirloskar Oil, Bharat Bijlee, Triveni Engg closed higher.
The BSE Auto Index closed at 5,423.10 up 0.6%. Hind Motors, MICO, TVS Motor, Maruti Suzuki, Cummins closed higher.
The BSE Metal Index closed was up 4.2%. Among the top gainers were Nalco up 13.7%, Hindalco up 7.3%, SAIL up 6% Jindal Steel, JindalStainless, Tata Steel, SAIL, Hind Zinc closed higher.
The BSE FMCG Index closed at 2,062.04 up 1.2%. United Spirits, GlaxoSmith Con, ITC, Dabur India, Marico, ITC, Bata India closed higher.
BSE Oil and Gas Index closed up 7%. Heavies like Reliance up 7.2%, ONGC up 4.7% followed by Reliance Natura, Essar Oil, Reliance Petro, Petronet LNG ended higher.
The BSE IT Index was at 4,634.64 up 0.4%. Wipro, Satyam, Infosys, Financial Tech, TCS closed higher.
BSE Realty Index was up 3.1%; Unitech up 2.5%, Indiabulls Real up 7.5%.
The NSE cash turnover was at Rs 20698.46 crore and the NSE F&O turnover was at Rs 68270.99 crore. The BSE cash turnover was Rs 8791.8 crore. Total market wide turnover was at Rs 97761.25 crore.

Source:moneycontrol.com

Intraday Calls for 14th November

Market may open with gap up and a strong rally expected. Once close above 20000 for sensex 22000 levels can be seen by Jan-Feb 08.

Buy for Intraday:

Power Sector:
Reliance Energy,
Suzlon Energy,
Power Grid
NTPC
Torrent Power

Banking Sector:
Bank of Baroda
UCO Bank
Yes Bank
Syndicate Bank

Financial Sector:
India Infoline
India Bulls
IFCI
PFC
Tata Investment Corp (Trading very cheap at Rs. 690/- compare to its peers like Reliance Capital. Buy for Long Term Target of Rs. 2000+)

Others:
DCW, Teledata, Blue Bird, Paramount Communication, Genus Power, MTNL, Sail, Wipro.

***** Maximaa Systems hits the upper curcuit at Rs. 3.85/- and CHD Developers is also moving up.

Good Luck

Markets Today

The bulls staged a strong comeback helping markets close with hefty gains. The day started flat with buying seen in midcaps and smallcaps but moved ahead with heavy buying seen in frontline banking, power, capital good stocks. Sensex was up 350 points and the Nifty has scored almost a century ending near 5,700 mark.
On the macroeconomic front, the positive trigger being the Left has given the nod to government to proceed negotitations with IAEA on Nuke deal.
Power stocks surged Areva T&D was up 20%, Alstom Projects up 10%, Voltamp Transformers up 8%, NTPC was up 7%, L&T up 5.6%, BHEL 4.5% and Tata Power was up 4%.
Heavies like SBI, HDFC Bank, L&T, Tata Steel Reliance Ind, NTPC were helping the markets trading higher.
Broader markets have held out their gains and both midcap and smallcap indices were up 2% each. However, the IT stocks were still under pressure.
Among the frontliners HDFC Bank was up over 6%, MTNL up over 4%, HDFC, SBI, Suzlon each up over 4%. ICICI Bank, Tata Steel, Tata Motors, Maruti were up over 3% each.
Sensex was up 298.21 points or 1.59% at 19035.48, and the Nifty up 78.30 points or 1.39% at 5695.40.
About 1982 shares have advanced, 1001 shares declined, and 82 shares are unchanged.
The BSE Midcap Index ended at 8,113.72 up 2%.
The BSE Smallcap Index ended at 9,801.29 up 2%.
The BSE Bankex was up 3.5% at 10,538.05. HDFC Bank, Axis Bank, Bank of India, Bank of Baroda, IOB moved upwards.
The BSE Capital Goods Index was up 3.4% at 20,292.56. Areva T&D, Alstom Project, Bharat Bijlee, Bharat Elec, Gammon India closed higher.
The BSE Auto Index closed at 5,136.25 up 0.5%. Punj Tractors, Bharat Forge, Amtek Auto, Exide Industrie closed higher.
The BSE Metal Index closed at 17,046.73 up 1.6%. Mah Seamless, JindalStainless, Jindal Steel, SAIL, Tata Steel closed higher.
The BSE FMCG Index closed at 2,068.66 up 0.6%. Bata India, United Spirits, Colgate, Marico closed higher.
BSE Oil and Gas Index closed at 11,408.93 up 0.4%. Reliance Natura, BPCL, Reliance , Reliance Petro, Petronet LNG ended higher.
The BSE IT Index was at 4,095.73 down 1%. IT companies continue to hit 52 week lows; Infosys, TCS, Patni, Tech Mahindra, Hexaware hit 52 week low.
The NSE cash turnover was at Rs 19630.58 crore and the NSE F&O turnover was at Rs 67336.02 crore. The BSE cash turnover was Rs 7941.03 crore. Total market wide turnover was at Rs 94907.63 crore.

Source:moneycontrol.com

Intraday Calls for 13th November

Market may open with flat to positive. Remains very volatile.

Buy for Intraday:

Hindalco Industries,
Neyveli Lignite,
NTPC
PTC India,
RNRL
IDBI
Roman Tarmat
Koutons Retail
Graphite India,
SuryaChakra Power,
Bongaigoan Refinery

*****Maximaa Systems hits buyer freeze before cooling down a bit. Accumulate.
& Do not forget CHD Developers also.

Good Luck

Short Term Delivery Pick: CHD Developers Ltd.

CHD Developers Ltd. (BSE: 526917)
CMP : Rs. 17.50/-
52 Week High : Rs. 32.1/-
52 Week Low : Rs. 5.85/-
Face Value : Rs. 2/-
EPS : Rs. 2.96/-
P.E.: 5.91
200 Days Simpal Moving Average : Rs. 16.87/-
Trading very cheap at current level as compare to its peers which are trading at 10 to 50x P.E. Multiples. At least at 10x P.E. multiple it's price should be around Rs. 30/- as company continuesly doing well and can do well in future.
Website: http://www.chddevelopers.com/
Sept. Quarter Profit (Sep 07): Rs. 35.84 Million (Profit rises 631 % QOQ)
Year Profit (March 07): Rs. 91.23 Million (Profit rises 323% YOY)
Recommandation: Accumulate (Buy at current Level and at every fall)
Target : Rs. 28-32/- (Short - Med term) Rs. 50/- (Long Term)
(Before investing do your own research)

Markets Today

The markets showed smart recovery and ended the day with moderate losses outperforming its Asian peers. The markets have shown resilience despite some disappointing IIP numbers. The pullback was seen in the final hour of trade and Nifty ended above 5,600 levels and Sensex above 18,700 mark.
Sell off in equity markets was triggered by the weak cues from the global markets as US mkts ended in red on account of credit concern leading to the decline in the Asia.
Sensex was down 170.33 points or 0.90% at 18737.27, and the Nifty down 46.15 points or 0.81% at 5617.10.
About 1171 shares have advanced, 1817 shares declined, and 77 shares are unchanged.
The BSE Midcap Index ended at 8,013.63 down 1%.
The BSE Smallcap Index ended at 756 down 1.4%.
The BSE Bankex was up 0.3% at 10,186.32. Bank of India, Union Bank, HDFC Bank, Centurion Bank, Bank of Baroda moved downwards.
The BSE Capital Goods Index was down 0.2% at 19,624.60. Reliance Infra, Areva T&D, Bharat Bijlee, Thermax closed lower.
The BSE Auto Index closed at 5,109.95 down 2%. MRF, Tube Investment, Bharat Forge, Mah and Mah, Cummins closed lower.
The BSE Metal Index closed at 16,766.06 down 1%. Shree Precoated, Sterlite Ind, Hind Zinc, Mah Seamless closed lower.
The BSE FMCG Index closed at 2,057.01 up 2.5%. HUL, ITC, United Spirits, Tata Tea, United Brewerie, Colgate, HUL closed lower
BSE Oil and Gas Index closed at 11,369.24 down 2.3%. ONGC, GAIL, HPCL, Reliance Natura, Reliance Petro ended in red.
The BSE IT Index was down 3% at 4,135.14. Mphasis, Patni Computer, Tech Mahindra, Infosys, I-Flex Solution, TCS closed lower.
The NSE cash turnover was at Rs 17296.14 crore and the NSE F&O turnover was at Rs 56771.23 crore. The BSE cash turnover was Rs 6411.42 crore. Total market wide turnover was at Rs 80478.79 crore.

Intraday Calls for 12th November

Market may open gap down but later some recovery expected.

Sensex Support 18400 and Nifty Support 5540

Buy for intraday (At lower levels & Keep 2% Strict SL):

Cinemax (119)
PSTL (283)
Dish TV (56)
Zee News (61)
Sunflag Iron (27.55)
Infosys (1700)
HCL Tech (301)
Prithvi Info (266)
KPIT Cummins (103)
Lok Housing (177)
Ansal Properties (250)
Ansal Buildwell (85) (Buy for 1 Year Target 200+)

***** Do not forget Maximaa Systems (Rs. 3.20 Now)

Good Luck