Markets Today

The markets ended in the red amid a highly volatile session. Rest of the Asia also ended with a deep cut. The breadth was in favour of the declines. Selling was seen in cement realty, capital good, auto and metal stocks. FMCG index managed to hold up in green.
Rupee has weakened little bit against and was quoting at Rs 40.31 versus USD. Market breadth was roughly 4:1 in favour of declining stocks on BSE.
Cement stocks are among the top losers on MRTPC probes in cement companies on any cartelisation issues.
ITC was up over 8% at Rs 164.80; CLSA has upped its ITC price target to Rs 184; upgrades to buy from underperform.
ITC, Infosys, HUL, ONGC, Bharti Airtel, NTPC, Reliance Energy and SBI are among the top gainers on the indices.
Ambuja Cements, Satyam, ACC, Grasim, HDFC Bank, Bajaj Auto are among the top losers.
On the results front Indus Fila came out with good set of numbers its net profit was up at Rs 8.2 crore versus Rs 3.6 crore in the corresponding quarter previous year. The stock is up over 3%. Astom Project, Yes Bank and Chambal Fertilisers came out with good set of numbers.
Thermax came out with strong set of numbers, its net profit came at Rs 55.63 crore and Bank Of India came in with inline set of numbers.
The BSE Midcap Index ended at 6,755.20 down 57 points or 0.84%.
The BSE Smallcap Index ended at 8,056.36 down 97 points or 1.2%.
The BSE Bankex was down 0.8% at 8,284.36. Andhra Bank, Canara Bank, IOB, Allahabad Bank, Bank of Baroda, PNB moved downwards.
The BSE Capital Goods Index was down 2.5% at 13,428.80. Suzlon Energy, Praj Industries, Astra Microwave, AIA Engineering, Larsen closed lower.
The BSE Health Care Index was down 1% at 3,732.86. Nicholas Pirama, Lupin, Panacea Biotech, Opto Circuits, Glenmark closed lower.
The BSE Auto Index closed at 5,022.80 down 2%. Apollo Tyres, Amtek Auto, Bajaj Auto, Tata Motors, Bharat Forge, Exide Industrie closed higher.
The BSE Metal Index closed at 12,161.06 down 1.7%. SAIL, Jindal Steel, Jindal Saw, NALCO, Hindalco closed lower.
The BSE FMCG Index closed at 1,915.35 up 4%. ITC, United Brewerie, HUL, Colgate, Dabur India closed higher
BSE Oil and Gas Index closed at 8,203.08. GAIL, Reliance Petro, Reliance Natura, Essar Oil, Petronet LNG ended in red.
The BSE IT Index lost 1% at 4,906.79. Satyam, I-Flex Solution, Tech Mahindra, TCS, Wipro closed lower.
The NSE cash turnover was at Rs 12792.03 crore and the NSE F&O turnover was at Rs 72365.46 crore. The BSE cash turnover was Rs 5905.19 crore. Total market wide turnover was at Rs 91062.68 crore.

Source: Moneycontrol.com

Intraday calls for 25th July

Nifty Support 4550, 4570 Resistance 4630.
Sensex Support 15660, 15740 and Resistance 15900.

Markets opens nagetive. May see some recovery but remain nagetive. Be carefull and trade in very small quantity because markets seems very volatile.

Buy Opto Curcuit around 485/- Target Rs. 500/- SL Rs. 482/-
Buy IDFC around 126-128/- Target Rs. 130+ SL Rs. 124/-
Buy IDBI around 108/- Target Rs. 111-113/- SL Rs. 106/-
Buy Prithvi Info around 305-310/- Target Rs. 315-318/- SL Rs. 300/-
Buy Unitech around 580-585/- Target Rs. 593/-(Resistace 593 crossover 600+) SL Rs. 578/-

Others buys: Allied Digital (New Listing: List around 280/- Target 325+), JSW Steeel, Indiabulls, ABG Shipyard, Mindtree.

Sell: Lanco Infra, Glenmark, Ranbaxy, TataMotors, MIC Electronic.

Good Luck.

Intraday Calls for 24th July

Nifty support 4570, 4600 and Resistance 4630, 4655.
Sensex Support 15680, 15560 and Resistance 15770, 15830.

Market opens positive. May see some profit booking later and remain flat at the end.

Buy Jaiprakash Associates @ Rs. 865/- Target Rs. 875-880/- SL Rs. 860/-
Buy Hindustan Zinc @ Rs. 782/- Target Rs. 795/- SL Rs. 775/-
Buy Gesco Corp @ Rs. 632/- Target Rs. 645-655/- SL Rs. 625/-
Buy MIC Electronic @ Rs. 396/- Taget Rs. 410/- SL Rs. 390/-
Buy Hindustan Unilever @ Rs. 204/- Target Rs. 208-210/- SL R.s 202/-
Buy SRF @ Rs. 157/- Target Rs. 162/- SL Rs. 154/-
Buy Lok Housing @ Rs. 175/- Target Rs. 182+ SL Rs. 172/-
Buy Titagarh Industries @ Rs. 42/- Target Rs. 45+ SL Rs. 40/-

Others: Indiabulls, Patni Computers, Bhagyanagar India, Nelcast, IFCI, Paramount Communication.

New Listing HDIL.

Good Luck.

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Market Premium : 30 to 35

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Market Premium :300 to 320

Markets Today

It was a fantastic close for the markets despite some weak international cues. The Sensex and Nifty closed on anew all time high, each up 1%. Sensex closed above 15,700 mark and the Nifty above 4,600 level. Leadership from capital goods was breath taking. BHEL, ABB, L&T were among the top gainers taking the markets to a new high.
United Spirits, Tata Sponge and GMR Infrastructure were among the top gainers on the indices.
BHEL, Bharti, Reliance, Grasim, L&T, HUL closed on all time high.
Sensex was up 166.65 points or 1.07% at 15732.2, and the Nifty up 53.30 points or 1.17% at 4619.35.
About 1303 shares have advanced, 1278 shares declined, and 77 shares are unchanged.
The BSE Midcap Index ended at 6,849.12 up 13 points or 0.2%.
The BSE Smallcap Index ended at 8,234.45 up 46 points or 0.6%.
The BSE Bankex was down 0.6% at 8,347.32. Union Bank, Kotak Mahindra, HDFC Bank, Bank of India, Allahabad Bank moved upwards.
The BSE Capital Goods Index was up 4% at 13,596.20. BHEL, Areva T&D, ABB, Larsen, Gammon India, Punj Lloyd closed higher.
The BSE Health Care Index was down 0.8% at 3,798.44. Sterling Bio, Aventis Pharma, Matrix Lab, Sun Pharma closed lower.
The BSE Auto Index closed at 5,186.46 up 1.2%. Exide Industrie, Bajaj Auto, Hero Honda, Apollo Tyres Cummins advanced.
The BSE Metal Index closed at 12,305.00 up 0.8%. Jindal Steel, JindalStainless, Sterlite Ind, Hindalco advanced.
The BSE FMCG Index gained 2% at 1,867.94. United Spirits, United Brewerie, HUL, Nestle, Colgate closed higher.
BSE Oil and Gas Index closed at 8,210.63 up 1.2%. ONGC, Reliance Natura, Petronet LNG, GAIL ended in green.
The BSE IT Index closed at 4,902.57 down 0.4%. Satyam, Patni Computer, I-Flex Solution, TCS, Tech Mahindra closed lower.
The NSE cash turnover was at Rs 10907.02 crore and the NSE F&O turnover was at Rs 51007.17 crore. The BSE cash turnover was Rs 4825.29 crore. Total market wide turnover was at Rs 66739.48 crore.

Intraday Calls for 23rd July

Nifty support 4500 and Resistance 4570, 4580.
Sensex Support 15440, 15400 and Resistance 15600.

Today Markets may open weak. A 100 points down gap openening expected. In second half it will face some recovery but overall remain nagetive with high volatility.

Buy Tata Steel, Great Offshore, Exide Industries, Rolta, Lok Housing, Srinivasa Shipping, Unitech at lower levels as a weak opening.

Sell Orbit Corp., Voltas, Redington, BPCL, MTNL.

Be carefull in today's market trade.

Good Luck.

Markets Today

The markets ended flat after seeing a solid start as profit booking was seen during the final hour of trade. Selling pressure was seen in IT, banking, FMCG and oil & gas stocks. However, capital goods, telecom, metal and realty stocks witnessed buying interest.
But on a weekly basis Sensex saw a good close up 1.8% and the BSE Midcap was up 1%.
Tata Steel, L&T and Bharti Airtel were among the top gainers on the indices.
Among the losers were ACC, Bajaj Auto, Cipla and HPCL.
The BSE Midcap Index ended at 6,836.07 up 8 points or 0.12%.
Sensex was up 15.42 points or 0.10% at 15565.55, and the Nifty up 3.95 points or 0.09% at 4566.05.
About 884 shares have advanced, 1675 shares declined, and 52 shares are unchanged
The BSE Smallcap Index ended at 8,188.12 down 70.40 points or 0.85%.
The BSE Bankex was down 0.7% at 8,394.76. Oriental Bank, Bank of India, Allahabad Bank, Federal Bank, Andhra Bank moved downwards
The BSE Capital Goods Index was up 1.5% at 13,070.08. BEML, Kalpataru Power, Thermax, Carborundum, BHEL, Praj Industries closed higher.
The BSE Health Care Index was down 0.3% at 3,830.19. Cadila Health, Cipla, Lupin, Orchid Chemical, Novartis India closed lower.
The BSE Auto Index closed at 5,125.21 down 0.4%. Bajaj Auto, , Punj Tractors, Escorts, Tata Motors, Hero Honda, Ashok Leyland closed lower.
The BSE Metal Index closed at 12,211.10 up 1.5%. Tata Steel, Hind Zinc, JSW Steel, Sesa Goa, SAIL higher.
The BSE FMCG Index closed at 1,829.19 down 0.7%. United Spirits, Bata India, HUL, Colgate closed lower.
BSE Oil and Gas Index closed at 8,111.54 down 0.7%. HPCL, Reliance Natura, BPCL, Reliance Petro, GAIL, ended in green
The BSE IT Index lost 0.7% at 4,921.06. Tech Mahindra, Mphasis, Satyam, I-Flex Solution, Financial Tech closed lower.
The NSE cash turnover was at Rs 12383.82 crore and the NSE F&O turnover was at Rs 48073.22 crore. The BSE cash turnover was Rs 5765.28 crore. Total market wide turnover was at Rs 66222.32 crore.

Source: Moneycontrol.com