Market is likely to open nagetive with gap down as weakness in global market. But There is a chance of "U" turn and recovers smartly from lower levels so don't go short.
Sensex Support 15400, 15290 Resistance 15540
Nifty Support 4400, 4360 Resistance 4510.
Buy at lower levels for intraday.
Prithvi Info (305)
Selan Exploration (112)
Tech Mahindra (1286)
Aptech (318)
Hotel Leela (43.5)
Renuka Sugar (530)
Igate Global (232)
Zuari Industries (244)
GNFC (135)
Bharat Forge (273)
Nelcast (152)
Good Luck.
Thursday, September 6, 2007
Wednesday, September 5, 2007
Views of Ashwani Gujral
Technical Analyst Ashwani Gujral is positive on India Cements, ACC Cement and Dena Bank.
Hereĺs how Ashwani Gujral views the stocks on board:
On fertilizers:
Nagarjuna Fertilizers has sort of achieved a target of Rs 42. The next target here could be Rs 49.
For Chambal Fertilizer, a target of Rs 63 is possible and Deepak Fertilizer also looks good.
These fertilizers stocks have never moved like this in the past. So, I think a lot of under ownership is probably there and lot of people are getting interested. So, these could have much more way to go than people expect right now.
On India Cements:
India Cements has now broken through the key resistance of Rs 240-245. You could probably be looking at levels of about Rs 350 on India Cements. That looks the strongest of the cements stocks.
On ACC Cement:
For ACC, Rs 1,150 is a historical kind of resistance. Historically, September to March has been a golden period for cement. That should hold even this time because construction picks up, so cement is a good sector to be into.
Grasim also looks good for about Rs 3,350 next. A lot of these cement stocks have consolidated quite well and are now beginning to make their upmoves.
On Dena Bank:
Dena Bank is probably the strongest of the double-digit banks. It has got support at around Rs 50-55 and could be headed to Rs 72.
On Essar Steel:
Essar steel is not something I track, but most other large steel stocks like Tata steel, SAIL and JSW are headed towards new highs, if they havenĺt already hit them.
Tata Steel looks strongest, with Rs 730 as the next resistance. Once that is taken out, you could see almost a couple of Rs 100 on Tata Steel.
On Reliance Energy:
Rs 820 was a previous all time high, so once we get past that, you could easily see Rs 960-980 on Reliance Energy.
Its broken out with very heavy volumes and all Reliance stocks are looking very good.
On DLF:
DLF is showing strength, even while the market came down. It held the Rs 540-550 kind of level and looks poised to get back up to Rs 700. But it is not my favorite sector.
It is not outperforming. Just one or two stocks tend to show flashes of up move, but overall its not showing a lot of strengths.
Hereĺs how Ashwani Gujral views the stocks on board:
On fertilizers:
Nagarjuna Fertilizers has sort of achieved a target of Rs 42. The next target here could be Rs 49.
For Chambal Fertilizer, a target of Rs 63 is possible and Deepak Fertilizer also looks good.
These fertilizers stocks have never moved like this in the past. So, I think a lot of under ownership is probably there and lot of people are getting interested. So, these could have much more way to go than people expect right now.
On India Cements:
India Cements has now broken through the key resistance of Rs 240-245. You could probably be looking at levels of about Rs 350 on India Cements. That looks the strongest of the cements stocks.
On ACC Cement:
For ACC, Rs 1,150 is a historical kind of resistance. Historically, September to March has been a golden period for cement. That should hold even this time because construction picks up, so cement is a good sector to be into.
Grasim also looks good for about Rs 3,350 next. A lot of these cement stocks have consolidated quite well and are now beginning to make their upmoves.
On Dena Bank:
Dena Bank is probably the strongest of the double-digit banks. It has got support at around Rs 50-55 and could be headed to Rs 72.
On Essar Steel:
Essar steel is not something I track, but most other large steel stocks like Tata steel, SAIL and JSW are headed towards new highs, if they havenĺt already hit them.
Tata Steel looks strongest, with Rs 730 as the next resistance. Once that is taken out, you could see almost a couple of Rs 100 on Tata Steel.
On Reliance Energy:
Rs 820 was a previous all time high, so once we get past that, you could easily see Rs 960-980 on Reliance Energy.
Its broken out with very heavy volumes and all Reliance stocks are looking very good.
On DLF:
DLF is showing strength, even while the market came down. It held the Rs 540-550 kind of level and looks poised to get back up to Rs 700. But it is not my favorite sector.
It is not outperforming. Just one or two stocks tend to show flashes of up move, but overall its not showing a lot of strengths.
Source:moneycontrol.com
Intraday Calls for 5th Sept.
Market is likely to open positive but again a volatile day and profit booking at higher levels.
Nifty Support 4440, 4400 Resistance 4500, 4530.
Sensex Support 15450, 15280 Resistance 15590, 15750.
Buy for Intraday:
India Cement (268) Target 278-280 SL 265
ACC (1100 ) Target 1120 SL 1090
NTPC (181) Target 185-188 SL 178
DLF (623) Target 630-635 SL 518
Orchid Chemical (208) Target 215 SL 205
SKumar Nation (110) Target 115 SL 107
JP Associates (915) Target 925-930 SL 910
REL (823) Target 835 SL 818
Prithvi Info (294) Target 305 SL 290
Others: Reliance (1970) RNRL (49), Spentax (32.5), Gabriel (25), Nagarjun Fert. (42), Hotel Leela (44).
Good Luck.
Nifty Support 4440, 4400 Resistance 4500, 4530.
Sensex Support 15450, 15280 Resistance 15590, 15750.
Buy for Intraday:
India Cement (268) Target 278-280 SL 265
ACC (1100 ) Target 1120 SL 1090
NTPC (181) Target 185-188 SL 178
DLF (623) Target 630-635 SL 518
Orchid Chemical (208) Target 215 SL 205
SKumar Nation (110) Target 115 SL 107
JP Associates (915) Target 925-930 SL 910
REL (823) Target 835 SL 818
Prithvi Info (294) Target 305 SL 290
Others: Reliance (1970) RNRL (49), Spentax (32.5), Gabriel (25), Nagarjun Fert. (42), Hotel Leela (44).
Good Luck.
Tuesday, September 4, 2007
Markets Today
The markets ended flat on account of lack of buying interest in scrips across sectors. selective buying was seen in realty, pharma and IT stocks. However, FMCG, consumer durables and auto stocks were trading weak.
Broader markets outperformed the benchmark indices, BSE Midcap was up 0.5% and BSE smallcap was up 0.8%.
Top gainers on the indices are Cipla, Relaince Energy, Tata Power, Grasim and Infosys.
Top losers on the indices are NTPC, BHEL, Zee Entertainment, Hindalco, BPCL, Tata Motors and ITC.
Sensex was up 43.35 points or 0.28% at 15465.40, and the Nifty up 4.50 points or 0.10% at 4479.25.
About 1867 shares have advanced, 1086 shares declined, and 66 shares are unchanged.
The BSE Midcap Index ended at 6,753.85 up 34 points or 0.50%.
The BSE Smallcap Index ended at 8,266.69 up 72 points or 0.9%.
The BSE Capital Goods Index was closed at 13,632.61 up 0.3%. Jyoti Structure, Reliance Infra, Carborundum, Bharat Bijlee, Thermax closed higher.
The BSE Auto Index closed closed at 4,864.74 down 0.7%. Amtek Aut, Hind Motors, Tata Motors, Bajaj Auto , TVS Motor ended in the red.
The BSE Metal Index closed at 11,578.57 down 05%. Hindalco, JindalStainless, Tata Steel, SAIL declined.
The BSE FMCG Index lost 0.4% at 1,994.24. Colgate, Nestle, ITC, Tata Tea, Dabur India ended in red.
BSE Oil and Gas Index closed at 8,187.54 up 0.4%. IOC, Reliance Natura, HPCL, GAIL, Reliance closed in green.
The BSE IT Index closed at 4,625.84 up 0.4%. TCS and Infosys closed higher.
The BSE Bankex was up 0.2% at 8,006.58. Axis Bank, IOB, Union Bank, Oriental Bank, Centurion Bank closed higher.
BSE Realty index was up 2% at 7,462.48. Omaxe, Peninsula Land, Anant Raj Ind, Ansal Propertie, Unitech were the top gainers
The NSE cash turnover was at Rs 10553.30 crore and the NSE F&O turnover was at Rs 39013.75 crore. The BSE cash turnover was Rs 5003.60 crore. Total market wide turnover was at Rs 54570.65 crore.
Source: Moneycontrol.com
Broader markets outperformed the benchmark indices, BSE Midcap was up 0.5% and BSE smallcap was up 0.8%.
Top gainers on the indices are Cipla, Relaince Energy, Tata Power, Grasim and Infosys.
Top losers on the indices are NTPC, BHEL, Zee Entertainment, Hindalco, BPCL, Tata Motors and ITC.
Sensex was up 43.35 points or 0.28% at 15465.40, and the Nifty up 4.50 points or 0.10% at 4479.25.
About 1867 shares have advanced, 1086 shares declined, and 66 shares are unchanged.
The BSE Midcap Index ended at 6,753.85 up 34 points or 0.50%.
The BSE Smallcap Index ended at 8,266.69 up 72 points or 0.9%.
The BSE Capital Goods Index was closed at 13,632.61 up 0.3%. Jyoti Structure, Reliance Infra, Carborundum, Bharat Bijlee, Thermax closed higher.
The BSE Auto Index closed closed at 4,864.74 down 0.7%. Amtek Aut, Hind Motors, Tata Motors, Bajaj Auto , TVS Motor ended in the red.
The BSE Metal Index closed at 11,578.57 down 05%. Hindalco, JindalStainless, Tata Steel, SAIL declined.
The BSE FMCG Index lost 0.4% at 1,994.24. Colgate, Nestle, ITC, Tata Tea, Dabur India ended in red.
BSE Oil and Gas Index closed at 8,187.54 up 0.4%. IOC, Reliance Natura, HPCL, GAIL, Reliance closed in green.
The BSE IT Index closed at 4,625.84 up 0.4%. TCS and Infosys closed higher.
The BSE Bankex was up 0.2% at 8,006.58. Axis Bank, IOB, Union Bank, Oriental Bank, Centurion Bank closed higher.
BSE Realty index was up 2% at 7,462.48. Omaxe, Peninsula Land, Anant Raj Ind, Ansal Propertie, Unitech were the top gainers
The NSE cash turnover was at Rs 10553.30 crore and the NSE F&O turnover was at Rs 39013.75 crore. The BSE cash turnover was Rs 5003.60 crore. Total market wide turnover was at Rs 54570.65 crore.
Source: Moneycontrol.com
Monday, September 3, 2007
Intraday Calls for 3rd Sept.
Market may open with positive but some profit booking can be seen at higher levels and can correct from higher levels.
Nifty Support 4440, 4390 and Resistance 4490, 4510
Sensex Support 15260, 15180 and Resistance 15380, 15450.
Buy for Intraday:
IDBI (124) Target 127-130 SL 122 (Ultimate Target 135+ in Very Very Short Term)
IFCI (65) Target 67-68 SL 63
IndiaBulls (537) Target 550+ SL 532
IB Realest (494) Target 505 SL 486
Unitech (240) Target 245+ SL 236
Reliance Petro (115) Target 118-120 SL 113
Deep Industries(97) Target 101 SL 95
Opto Circuits (454) Target 465 SL 448
Others: Soma Textile (29), ALPS Ind (46), Vaibhav Gems (223), HFCL (20), BRFL (227),
Bhushan Steel (760)
Good Luck.
Nifty Support 4440, 4390 and Resistance 4490, 4510
Sensex Support 15260, 15180 and Resistance 15380, 15450.
Buy for Intraday:
IDBI (124) Target 127-130 SL 122 (Ultimate Target 135+ in Very Very Short Term)
IFCI (65) Target 67-68 SL 63
IndiaBulls (537) Target 550+ SL 532
IB Realest (494) Target 505 SL 486
Unitech (240) Target 245+ SL 236
Reliance Petro (115) Target 118-120 SL 113
Deep Industries(97) Target 101 SL 95
Opto Circuits (454) Target 465 SL 448
Others: Soma Textile (29), ALPS Ind (46), Vaibhav Gems (223), HFCL (20), BRFL (227),
Bhushan Steel (760)
Good Luck.
Friday, August 31, 2007
Intraday Calls for 31st August
Market opens flat to positive but remain volatile and may close flat to nagetive. Some profit booking can be seen.
Sensex support 15000, 14850 and Resistance 15300.
Nifty Support 4290, 4350 and Resistance 4440.
Buy for Today:
Areva T&D (1690) Target 1725+ SL 1675
Shyam Tele (82) Target 85 SL 79
Mid-Day Multimedia (45) Target 48-50 SL 43
Dish TV (79) Target 83-85 SL 76
Hotel Leela (42) Target 45 SL 40
Exide Ind (61) Target 65 SL 58
Genus Oversease (470) Target 480 SL 466
Siemens (1252) Target 1270 SL 1245
VSNL (407) Target 412-415 SL 402
Others: Nagarjuna Fert (36), S Kumar Nation (108), IDBI (118), Donear (209), Ahmednagar Forging (250).
Good Luck
Sensex support 15000, 14850 and Resistance 15300.
Nifty Support 4290, 4350 and Resistance 4440.
Buy for Today:
Areva T&D (1690) Target 1725+ SL 1675
Shyam Tele (82) Target 85 SL 79
Mid-Day Multimedia (45) Target 48-50 SL 43
Dish TV (79) Target 83-85 SL 76
Hotel Leela (42) Target 45 SL 40
Exide Ind (61) Target 65 SL 58
Genus Oversease (470) Target 480 SL 466
Siemens (1252) Target 1270 SL 1245
VSNL (407) Target 412-415 SL 402
Others: Nagarjuna Fert (36), S Kumar Nation (108), IDBI (118), Donear (209), Ahmednagar Forging (250).
Good Luck
Thursday, August 30, 2007
Markets Today
The markets ended in green backed by strong global cues. The uptrend was well supported by auto, banking, steel, telecom and IT stocks. Realty, aluminium and oil & gas stocks were under pressure. Sensex closed above 15,100 mark and Nifty closed above 4,400 mark. BSE Smallcap outperformed and was up nearly 1%.
Top gainers on the indices are Siemens, Hero Honda, GSK, Sterlite, HDFC Bank, Reliance Communication, VSNL, Tata Motors, Mah and Mah, Ranbaxy Labs.
Top losers on the indices are BPCL, SBI, Cipla, NTPC, Nalco, GAIL, Zee Entertainment, Hindalco, Reliance Energy and Grasim.
Axis Bank, Puravankara Projects and HDIL were the most actively traded counters today.
Nifty September Future discount has once again slipped to 54.55 points at 4413.
Sensex was up 128.70 points or 0.86% at 15121.74, and the Nifty up 53.00 points or 1.22% at 4412.30.
About 1726 shares have advanced, 1204 shares declined, and 86 shares are unchanged.
The BSE Midcap Index ended at 6,485.44 up 35.05 points or 0.5%.
The BSE Smallcap Index ended at 7,957.96 up 84 points or 1.06%.
The BSE Capital Goods Index was up 0.5% at 13,306.72. Triveni Engg, Areva T&D, Jyoti Structure, Siemens, Kirloskar Bros closed higher.
The BSE Health Care Index was up 0.4% at 3,501.17. GlaxoSmithKline, Panacea Biotech, Sun Pharma, Novartis India, Wockhardt were among the top gainers.
The BSE Auto Index closed closed at 4,776.70 up 1.4%. Amtek Auto, Escorts, Exide Industrie, TVS Motor ended higher.
The BSE Metal Index closed at 11,297.31 up 1%. SAIL, Shree Precoated, Sterlite Ind, Jindal Steel, Sesa Goa advanced.
The BSE FMCG Index gained 1% at 1,949.32. Nestle, United Brewerie, GlaxoSmith Con, Dabur India, ITC closed higher.
BSE Oil and Gas Index closed at 7,936.51 up 0.5%. Reliance, Petronet LNG, ONGC, BPCL, HPCL, Essar Oil ended in green.
The BSE IT Index lost 1% at 4,552.30. Patni Computer, HCL Tech, Financial Tech, Mphasis, Infosys closed lower
The BSE Bankex was up 1.3% at 7,751.50. Allahabad Bank, Axis Bank, Federal Bank, HDFC Bank, Andhra Bank ended higher.
The NSE cash turnover was at Rs 15091.47crore and the NSE F&O turnover was at Rs 71282.94 crore. The BSE cash turnover was Rs 5643.45 crore. Total market wide turnover was at Rs 92017.86 crore.
Top gainers on the indices are Siemens, Hero Honda, GSK, Sterlite, HDFC Bank, Reliance Communication, VSNL, Tata Motors, Mah and Mah, Ranbaxy Labs.
Top losers on the indices are BPCL, SBI, Cipla, NTPC, Nalco, GAIL, Zee Entertainment, Hindalco, Reliance Energy and Grasim.
Axis Bank, Puravankara Projects and HDIL were the most actively traded counters today.
Nifty September Future discount has once again slipped to 54.55 points at 4413.
Sensex was up 128.70 points or 0.86% at 15121.74, and the Nifty up 53.00 points or 1.22% at 4412.30.
About 1726 shares have advanced, 1204 shares declined, and 86 shares are unchanged.
The BSE Midcap Index ended at 6,485.44 up 35.05 points or 0.5%.
The BSE Smallcap Index ended at 7,957.96 up 84 points or 1.06%.
The BSE Capital Goods Index was up 0.5% at 13,306.72. Triveni Engg, Areva T&D, Jyoti Structure, Siemens, Kirloskar Bros closed higher.
The BSE Health Care Index was up 0.4% at 3,501.17. GlaxoSmithKline, Panacea Biotech, Sun Pharma, Novartis India, Wockhardt were among the top gainers.
The BSE Auto Index closed closed at 4,776.70 up 1.4%. Amtek Auto, Escorts, Exide Industrie, TVS Motor ended higher.
The BSE Metal Index closed at 11,297.31 up 1%. SAIL, Shree Precoated, Sterlite Ind, Jindal Steel, Sesa Goa advanced.
The BSE FMCG Index gained 1% at 1,949.32. Nestle, United Brewerie, GlaxoSmith Con, Dabur India, ITC closed higher.
BSE Oil and Gas Index closed at 7,936.51 up 0.5%. Reliance, Petronet LNG, ONGC, BPCL, HPCL, Essar Oil ended in green.
The BSE IT Index lost 1% at 4,552.30. Patni Computer, HCL Tech, Financial Tech, Mphasis, Infosys closed lower
The BSE Bankex was up 1.3% at 7,751.50. Allahabad Bank, Axis Bank, Federal Bank, HDFC Bank, Andhra Bank ended higher.
The NSE cash turnover was at Rs 15091.47crore and the NSE F&O turnover was at Rs 71282.94 crore. The BSE cash turnover was Rs 5643.45 crore. Total market wide turnover was at Rs 92017.86 crore.
Source:moneycontrol.com
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