Markets Today

The markets couldnot maintain its first half momentum and cracked sharply in later trade on the back of profit booking witnessed across the board and ended quiet in marginal red. Auto, metal, capital goods and banking stocks were among the hardest hit, however oil & gas and IT stocks remained in focus today. Market breadth was negative and the volume also was not impressive.
Sensex was down 21.40 points or 0.14% at 15289.82, and the Nifty down 15.40 points or 0.34% at 4496.75.
About 940 shares have advanced, 1671 shares declined, and 65 shares are unchanged.
The BSE Midcap Index ended at 6,789.57 down 45 points or 0.70%.
The BSE Smallcap Index ended at 8,207.77 down 73 points or 0.88%.
The BSE Capital Goods Index closed at 12,782.07 down 1.8%. Siemens, Triveni Engg, Kirloskar Oil, Praj Industries, ABB, Alstom Projects closed lower.
The BSE Health Care Index was up 0.5% at 3,834.22. Nicholas Pirama, Opto Circuits, Dr Reddys Labs, Biocon, Wockhardt closed higher.
The BSE Auto Index closed closed at 5,015.57 down 1.3%. Apollo Tyres, Mah and Mah, Exide Industrie, Bharat Forge, Escorts ended in the red.
The BSE Metal Index closed at 11,881.59 down 1.7%. Sterlite Ind, JindalStainless, JSW Steel, SAIL, Shree Precoated declined.
The BSE FMCG Index closed flat at 1,845.94. Tata Tea, GlaxoSmith Con, United Brewerie, Colgate, Britannia, United Spirits ended in red.
BSE Oil and Gas Index closed up at 7,990.02 up 0.5%. Reliance Natura, Reliance and Gail closed in green.
The BSE IT Index gained 0.6% at 4,874.93. HCL Tech, TCS, Satyam, Wipro, Financial Tech closed weak
The BSE Bankex was down 0.4% at 8,353.68. Union Bank, Canara Bank, SBI, Bank of India, Oriental Bank, Kotak Mahindra closed lower.
BSE Realty index was up 0.8% at 7,977.33. Indiabulls Real, Akruti Nirman, Anant Raj Ind, DLF were the top gainers
The NSE cash turnover was at Rs 12712.08 crore and the NSE F&O turnover was at Rs 45837.68 crore. The BSE cash turnover was Rs 6077.31 crore. Total market wide turnover was at Rs 64627.07 crore.

Source: Moneycontrol.com

Intraday Calls for 17th July

Nifty Support 4490 and Resistance 4535.
Sensex Support 15220 and Resistance 15380.

Market can take some rest today. Some correction can be seen in today's trading.

Buy Biocon @ Rs. 456/- Target Rs. 462-665/- SL Rs. 451/-
Buy Bombay Dyeing @ Rs. 644/- Target Rs. 655/- SL Rs. 638/-
Buy Archies @ Rs. 150/- Target Rs. 155-158/- SL Rs. 146/-
Buy Nelcast @ Rs. 176/- Target Rs. 185/- SL Rs. 172/-
Buy Cairn @ Rs. 161/- Target Rs. 165/- SL Rs. 158/-
Buy Sail @ Rs. 155/- Target Rs. 160+/- SL Rs. 152/- (Short Term Target Rs. 175/-)
Buy Welspun Gujarat @ Rs. 243/- Target Rs. 250/- SL Rs. 240/-

Others are: HEG Ltd. (225), Aptech Ltd. (348), Nagarjuna Fert. (24.5), TTML (28), Gitanjali Gems (224), KPIT (135).

Short Sell: Orbit Corp, PFC, HPCL.

Good Luck.

Markets Today

It was a quiet day for the markets wherein it opened with marginal gains and remained rangebound for major part of the day and shut shop on flat note. It was disappointing day for the IT, pharma, FMCG and capital good stocks but realty, banking, consumer durable and metal space managed to attract decent buying interest today. Market breadth was slightly in favour of advancing stocks.
Sensex was up 38.50 points or 0.25% at 15311.22, and the Nifty up 7.60 points or 0.17% at 4512.15.
About 1453 shares have advanced, 1191 shares declined, and 57 shares are unchanged.
The BSE Midcap Index ended at 6,834.55 up 39 points or 0.6%.
The BSE Smallcap Index ended at 8,280.58 up 64 points or 0.80%.
The BSE Bankex was up 1.3% at 8,386.65. Allahabad Bank, Union Bank, Andhra Bank, Bank of Baroda, IOB, Kotak Mahindra moved upwards
The BSE Capital Goods Index was down 0.40% at 13,007.01. BEML, Kalpataru Power, Thermax, Carborundum, BHEL, Praj Industries closed lower.
The BSE Health Care Index was down 0.9% at 3,814.80. Glenmark, Ranbaxy Labs, Novartis India, Sun Pharma , Sterling Bio closed lower.
The BSE Auto Index closed at 5,080.79 up 0.4%. Bajaj Auto, Hind Motors, MRF, Apollo Tyres, Hero Honda, Ashok Leyland closed higher.
The BSE Metal Index closed at 12,090.98 up 0.8%. Shree Precoated, NALCO, Hindalco, Mah Seamless, Jindal Saw higher.
The BSE FMCG Index closed at 1,846.03 down 1%. United Brewerie, ,HUL, GlaxoSmith Con, P and G, Colgate closed higher.
BSE Oil and Gas Index closed at 7,869.77 up 0.6%. Reliance Natura, GAIL, ONGC, Petronet LNG ended in green.
The BSE IT Index lost 1% at 4,848.27. Mphasis, Wipro, Satyam, HCL Tech, Financial Tech closed lower.
The NSE cash turnover was at Rs 11499.51 crore and the NSE F&O turnover was at Rs 38884.18 crore. The BSE cash turnover was Rs 5271.75 crore. Total market wide turnover was at Rs 55655.44 crore.

Source: Moneycontrol.com

Intraday Calls for 16th July

Nifty support 4475, 4430 and Resistance 4520, 4535.
Sensex Support 15200 and Resistance 15380.

Market positive. May see some Resistance in first half but overall positive trade.

Buy HOPFL @ Rs. 320/- Target Rs. 335-340/- SL. Rs. 314/- (Tie up with Ansal Propertites)
Buy BRFL @ Rs. 234/- Target Rs. 240-245/- SL Rs. 230/-
Buy Century Textile @ Rs. 720/- Target Rs. 740/- SL Rs. 712/-
Buy Kirloskar Oil Eng @ Rs. 348/- Target Rs. 360/- SL Rs. 340/- (Ultimate target 400+ in short term)
Buy PFC @ Rs. 175/- Target Rs. 180+ SL Rs. 170/-
Buy HT Media @Rs. 238/- Target Rs. 245-248/- SL Rs. 232/-
Buy Hind Oil Explo @ Rs. 140/- Target Rs. 145-148/- SL Rs. 135/-

Others are: Selan Explo, Asian Oilfield, Bank of Baroda, Syndicate Bank, Indusind Bank, UCO Bank (Short Term Target 30+), Celebrity Fashion, WWIL, ZEE Tele.

Good Luck.

Markets Today

The markets ended the week on an extremely strong note taking cues from strong Asian markets. The turnover was brisk but the smallcap and midcaps underperformed the benchmark indices. The star sector was metals, the BSE Metal index ended up over 4.5%.
Except for pharma and realty all the other BSE indices ended in green.
Hindalco, Tata Steel, Sterlite Ind, Reliance, Zee, BHEL, Larsen, ITC, Tata Motors, HDFC are among the top gainers on indices.
Sensex closed at15272 up 180 points and the Nifty closed up 58 points at 4504.
The BSE Midcap Index ended at 6,795.30 up 13 points or 0.2%.
The BSE Smallcap Index ended flat at 8,216.14.
The BSE Bankex was up 0.8% at 8,281.75. ICICI Bank, IOB, Centurion BoP, Andhra Bank, PNB moved upwards.
The BSE Capital Goods Index was up 1% at 13,059.18. Alfa Laval, BHEL, Jyoti Structure, Kirloskar Oil, Thermax, Siemens closed higher.
The BSE Auto Index closed at 5,058.45 up 1%. Tata Motors, Mah and Mah, MRF, Punj Tractors, Bharat Forge surged.
The BSE Metal Index closed up 4.60% at 12,000.90. SAIL, Hind Zinc, Sesa Goa, Shree Precoated, Hindalco, JSW Steel, NALCO advanced .
The BSE IT Index gained 0.6% at 4,897.95. Satyam, Tech Mahindra, Infosys, I-Flex Solution, Wipro advanced.
BSE Oil and Gas Index closed at 7,819.67 up 1.8%. Petronet LNG, Reliance, GAIL, BPCL ended in green.
The BSE FMCG Index ended at 1,864.18 up 0.4%. P and G, ITC, Britannia, United Brewerie, GlaxoSmith Con closed higher.
The NSE cash turnover was at Rs 14864 crore and the NSE F&O turnover was at Rs 48879.76 crore. The BSE cash turnover was Rs 6721.02 crore. Total market wide turnover was at Rs 70464.78 crore.
Source: moneycontrol.com

Intraday Calls for 13th July

Nifty support 4405 and Resistance 4480, 4500.
Sensex Support 15000, 14860 and Resistance 15138, 15200.

Market positive. May see some profit booking in mid session.

Buy IOB @ Rs. 131/- Target Rs. 135-138/- SL Rs. 128/-
Buy Reliance @ Rs. 1718/- Target Rs. 1730-35/- SL Rs. 1710/-
Buy IDEA @ Rs. 120/- Target Rs. 125/- SL Rs. 118/-
Buy Inox Leisure @ Rs. 137/- Target R.s 142-145/- SL Rs. 134/-
Buy Cinemax @ Rs. 160/- Target Rs. 165-170/- SL Rs. 156/-
Buy Fortis Healthcare @ Rs. 91/- Target Rs. 95+ SL Rs. 88/-
Buy Patel Engineering @ Rs. 472/- Target Rs. 480-485/- SL Rs. 465/-

Others are: Alstom Projects, Action Construction, TTML, EKC, Prithvi Info, Opto Curcuits.

Good Luck.

Intraday Calls for 12th July

Nifty Support 4380 and Resistance 4410, 4430.
Sensex Support 14900, 14860 and Resistance 15000, 15138.

Market should recover today and remain positive, can cross 15000 again and should close above it.

Buy NDTV @ Rs. 435/- Target Rs. 445-450/- SL Rs. 430/-
Buy Balaji Tele @ Rs. 255/- Target R.s 260/- SL Rs. 252/-
Buy India Infoline @ Rs. 748/- Target Rs. 760-775/- SL Rs. 740/-
Buy GMR Industries @ Rs. 158/- Target Rs. 165/- SL Rs. 154/-
Buy Carborundum Universal @ Rs. 186/- Target Rs. 192+ SL Rs. 182/-
Buy Roman @ Rs. 316/- Target Rs. 325-332/- SL Rs. 310/-
Buy BOB @ Rs. 278/- Target Rs. 285/- SL Rs. 275/- (Ultimate Target Rs. 300+)
Buy Bombay Dyeing @ Rs. 618/- Target Rs. 635/- SL Rs. 612/-

Others are: RNRL, Nagarjuna Fert., Prithvi Info, DLF, CHD Developers, Peninsula Land, Unitech.

Gook Luck.