Markets Today

It was yet another disappointing day for the markets wherein the markets opened on extremely weak notes taking cues from the global markets. The credit concerns in the US market once again struck the global markets. It traded under pressure through the day amid volaitility.
All the key BSE indices were in red led by the banking, metal and realty indices. IT stocks continued to crumble today also and Infosys, Polaris hit the 52 week low in todays trade. The volume was realatively lower today and the market breadth remained negative through the day.
Sensex closed down 230.90 points or 1.20% at 19058.93, and the Nifty closed down 83.60 points or 1.45% at 5698.75. On BSE about 1236 shares have advanced, 1734 shares declined, and 94 shares are unchanged.
BSE Auto index closed at 5,229.11 down 66.28 or 1.25%. Amtek Auto, Bharat Forge and Escorts were top losers.
BSE bankex ended at 10,353.19 down 267.03 or 2.51%. SBI, HDFC Bank and ICICI bank were the top losers.
BSE capital goods index closed at 19,646.57 down 91.79 or 0.47%. Kirloskar Oil, Reliance Infra and Gammon India were the top losers.
BSE FMCG index closed at 2,010.85 up 0.63 points or 0.03%. Nestle, Colgate, HUL and Dabur India were the top gainers.
BSE IT index closed at 4,298.86 down 44.56 or 1.03%. I-Flex Solution, Mphasis and Financial Tech were top losers.
BSE metal index ended at 17,049.52 down 318.20 or 1.83%. Jindal Stee, Sterlite Inds and Hind Zinc were the top losers.
BSE oil & gas index closed at 11,593.75 down 94.43 or 0.81%. ONGC, Petronet LNG and Reliance were the top losers. BSE realty index closed at 10,077.92 down 213.17 or 2.07%. Unitech, Peninsular Land and Omaxe were top losers.

Turnover:
NSE cash: Rs 16839.79 cr
NSE F&O: Rs 54391.37 cr
BSE cash: Rs 6737.56 cr
Total: Rs 77968.72 cr

Market Snapshot:
Renewed jitters of subprime crisis lead markets to trade weak
Indian markets outperform its Asian peers
Sensex down 231 pts at 19058; manages to close over 19000
Nifty ends down 83.6 pts at 5698
CNX Midcap Index down 1.13%, BSE Small-cap Index down 1.23%
All BSE indices end in the red
BSE Metals Index down 1.7%; Sterlite Industries down 4.7%, SAIL down 2.8%; Nalco up over 15%, Hindalco up over 9%
BSE Bank Index down over 2.6%; HDFC Bank down 3.9%, PNB & ICICI Bank down over 2.5%
BSE Realty index down over 1.7%; Unitech down 4.2%, DLF down about 2%
Infosys hits 52 wk low on NSE; down 1.8%
Other IT stocks that hit a 52 wk low: I-flex, Patni, 3i Infotech, MindTree, Polaris, Subex Azure, North Gate
Some media stocks buzz; Broadcast Initiatives up 14%, Shringar Cinemas up 9%, Adlabs up 5.3%
NSE Advance Decline ratio continues at 1:2
Total market turnover at Rs 77968 cr Vs 87,780 cr yesterday
Non-index gainers: WWIL up 11%, Rel Cap up 9.6%, Everonn Systems up 8%, Essar Oil up 9.4%
Non-index losers: Nocil, NFL & FACT continue to fall; all down over 8%, Jindal Steel down 10%;

Source:moneycontrol.com

Intraday Calls for 8th November

Market may open gap down and can see more correction but later a sharp recovery expected. Market will bounce back if 19000 on sensex and 5740 on nifty holds at closing.

Buy for intraday (At lower levels)

Triveni Eng. (134)
Bajaj Hindustan (213)
Ramsarup Industries (230)
Jindal Saw (790)
Dil Ltd. (311)
WWIL (40)
Kar Mobile (285)
GTC Industries (369)
GAIL (457)
Selan Exploration (163)
Gulf Oil (273)

Buy for Delivery for short term gain:

KPIT (103) Target 135+ SL below 100
Vivimed Labs (111) Target 150+ SL 102
Ansal Buildwell (80) Target 95-110 SL 75
Atlanta (233) Target 275+ SL 210

*Do not forget Maximaa Systems (3.15)*

Trade in very small quantity as market seems very volatile.

Good Luck

Penny Stock: Maximaa Systems

Maximaa Systems (BSE: 526538)
CMP : Rs. 3.15/-
52 Week High : Rs. 9.88/-
52 Week Low : Rs. 0.75/-
Face Value : Rs. 10/-
EPS : Rs. 0.31/-
P.E.: 10.16
200 Days Simpal Moving Average : Rs. 4.20/-
Website: http://www.maximaasystems.com
This Quarter Profit (Sep 07): Rs. 2.46 Million (Profit rises 402 % QOQ)
Year Profit (March 07): Rs. 4.32 Million (Profit rises 2985% YOY)
Recommandation: Accumulate (Buy at current and every fall)
Target : Rs. 6-8/- (Short - Med term)
(Before investing do your own research)

Markets Today

It was once again a day of consolidation on the bourses today where in the markets opened on bullish note taking strong cues from the global peers. The markets traded extremely volatile through the day and closed in red with significant cuts.
It was extremely bad for the IT stocks which got butchered on account of further strengthening of rupee and the banking and relaty stocks also lost some ground ground. However, the oil & gas, metal and capital good stocks were in focus today. BSE Oil & gas index closed with over 2% gain and Reliance Industries lead from the front.
The Sensex ended down 110.84 points or 0.57% at 19289.83, and the Nifty closed down 4.15 points or 0.07% at 5782.35. About 1180 shares have advanced, 1781 shares declined, and 102 shares are unchanged on BSE. On NSE 401 stocks advanced today and 786 stocks declined.
Top Sensex gainers were Reliance, BHEL, SBI and M&M. Top Sensex losers were Infosys, HDFC Bank, Satyam and ICICI Bank.
BSE midcap ended at 7,985.96 down 29.34 points or 0.37%. BSE smallcap closed at 9,695.13 down 107.90 points or 1.10%.
BSE auto index ended at 5,295.39 up 18.15 points or 0.34%. Amtek Auto, M&M and Maruti Suzuki were the top gainers in this counter.
BSE bankex ended at 10,620.22 down 166.29 points or 1.54%. HDFC Bank, Canara Bank and ICICI Bank were among the top losers in this space.
BSE capital goods index closed at 19,738.36 up 41.07 points or 0.21%. Triveni Eng, BHEL, Kirloskar were the top fliers in this space.
BSE FMCG index ended at 2,010.22 down 16.23 points or 0.80%. Marico, Bata India and HUL were the top losers.
BSE pharma index closed at 3,866.54 down 12.19 points or 0.31%. Panacea Biotech, Aurobindo Pharma, Novartis India and Divis Labs were the top losers.
BSE IT index ended at 4,343.42 down 197.27 points or 4.34%. Infosys, Tech mahindra and Mphasis were the top losers.
BSE metal index closed at 17,367.72 up 161.66 points or 0.94%. Sterlite, Jindal Saw and Sesa Goa were top gainers.
BSE oil & gas index ended at 11,688.18 up 298.97 points or 2.63%. GAIL, Reliance and HPCL were the top gainers.
BSE realty index closed at 10,291.09 down 109.99 points or 1.06%. Puravankara Project, Indiabulls Realestate, Sobha Developers were the top losers.

Market Snapshot

Market continue to witnesses volatile session with low turnover
Sensex down 110 pts at 19289; off nearly 400 pts from days high
Nifty ends almost flat at 5784; off nearly 80 pts from days high
CNX Midcap Index down 0.33%, BSE Small-cap Index down 1.1%
BSE IT Sector takes a severe beating after muted guidance from Cognizant; Index down 4.7%
Infosys down 5.7% at 1746; ends striking distance to its 52-week low of Rs 1715
Oil & Gas stocks buzz as crude oil futures hits $98/bbl for 1st time ever
BSE Oil & Gas Index up over 2.5%; RIL up 3.9%, DSPML says switch to RIL; GAIL up 6.4%
HPCL up 4.7%; on reports of issuance of further oil bond
Sterlite up 6.7% as board says to raise equity/debt via Sterlite Power
BSE Bank Index down 1.6%; HDFC Bank down 5.3%, ICICI down 3.3%
Allahabad HC may direct govt to reduce SAP on sugarcane: Srcs; Bajaj
Hindustan up 14%, Balrampur up 11.5%, Triveni up 7%
Fertilizer stocks see profit booking; Nagarjuna Fertilizer down 3%; NFL down 10%, FACT down 10%
NSE Advance Decline ratio weakening to 1:2 from 2:3 yesterday
Total market turnover at Rs 87780 cr Vs 1.16 lakh yesterday

F&O SNAPSHOT

Nifty witness some short covering during the day; nifty basis swings from 20 point premium to 17 point discount
Nifty futures add 14.6 lakh shares in OI
Nifty sheds OI in last hour of trade on account of profit booking
Sugar stocks witness huge long OI buildup
RPL and RNRL see volatile day of trade

Turnover today:
BSE cash - Rs 6839.5 cr
NSE cash - Rs 18263.03 cr
NSE f&o - Rs 62678.11 cr
Total - Rs 87780.64 cr

Source:moneycontrol.com

Intraday Calls for 7th November

Market is likely to open with gap up as all global (US & all) markets are in positive & May remain positive whole day.

Buy for intraday:

Bank of Baroda (358) Target 375 SL 355
DCB (114) Target 120-125 SL 112
Bank of India (367) Target 375-380 SL 364
IFCI (82) Target 85-88 SL 80
JP Hydro (88) Target 92-95 SL 86
Selan Exploration (166) Target 175 SL 164
Dhanus Tech. (216) Target 225-230 SL 212
Pratibha Industries (257) Target 270 SL 254
Prime Securities (174) Target 180 SL 172

Others: RCOM (750), Graphite India (64), Electrocast Steel (68) Century Textile (1050), GBN (945).

HAPPY DHANTERAS

GOOD LUCK

Markets Today

It was extremely volatile day of trade wherein the markets opened on firm note and proceeded to trade strong in the early trade. But it could not maintain the momentum and succumbed to profit booking seen across the sectors led by capital goods, banking and metal stocks. All the key BSE indices ended in red except realty index which could manage to keep its head above water.
Sensex ended down 190.11 points or 0.97% at 19400.67, and the Nifty closed down 60.80 points or 1.04% at 5786.50. On BSE about 1283 shares have advanced, 1694 shares declined, and 85 shares are unchanged. On NSE, the advance decline ratio was at 443:736. BSE Midcap ended down 60.51points or 0.75% at 7,986.58 and BSE smallcap was down 43.99 or 0.45% at 9,803.03.
BSE auto index ended at 5,277.24 down 51.45 points or 0.97%. MRF, Exide Inds, Amtek India and Escorts were the top losers.
BSE Bankex closed at 10,702.32 down 221.44 or 2.01%. Bank of Baroda, Centurion Bank, Bank of India and Axis Bank were the top losers. BSE Consumer Durables index was down at 5,169.76 down 19.22 or 0.37%. Gitanjali Gems, Titan Inds, Videocon, Rajesh Exports were among top losers.
BSE Capital Goods index ended at 19,697.29 down 354.99 or 1.77%. Punj Llyod, Reliance Infra, Siemens were the top losers.
BSE FMCG ended at 2,026.45 down 0.21 or 0.01%. Nestle, Marico, United Spirits, Tata Tea were top losers.
BSE pharma index closed at 3,878.73 down 0.38%. Matrix, Aventis, Divis Lab were top losers in this space.
BSE IT index ended at 4,540.69 down 26.44 or 0.58%. Tech Mahindra, I-Flex, Satyam, Patni were the top losers.
BSE metal index closed at 17,206.06 down 195.63 or 1.12%. Jindal Steel, Sesa Goa, Shree Precoated were the top losers.
BSE oil & gas index ended at 11,389.21 down 116.33 or 1.01%. Rel Petro, Reliance Natural and Petronet LNG were the top losers in this space.
BSE realty index closed at 10,401.08 up 52.75 or 0.51%. Mahindra Gesco, Indiabulls Realestate and DLF were the top gainers in the realty counter.

Market Snapshot
Market witnesses a choppy session; profit booking in late trade
Sensex down 190 pts at 19400; off over 500 pts from days high
Nifty down 61 pts at 5786; off 171 pts from days high
All BSE Sectoral Indices end in the red barring Realty Index which showed marginal gain
CNX Midcap Index down 0.6%, BSE Small-cap Index down 0.45%
Most buzzing stocks in FNO like RNRL, RPL, JP hydro sees profit booking;
Telecom stocks continue to slide; R Comm down 4.1%, MTNL down 2.7%, Bharti down 2.6%
Metal & oil & gas stocks continue to see selective action
GAIL up 7.2%, Hindalco up 4.4%, Nalco up 3.2%
Fertilizer stocks; Nocil up 10%, FACT up 10%, NFL up 10%, GSFC up 5.8%, Nagarjuna Fertilizer up 2.4%

NSE Advance Decline ratio at 2:3

Total market turnover at Rs 1.16 lakh cr Vs 1.09 lakh yesterday Turnover:
NSE cash - Rs 23737.41 cr
NSE F&O - Rs 82952.01 cr
BSE cash - Rs 9864.71 cr
Total - Rs 116554.13 cr

Intraday Calls for 6th November

Market is likely to open negative but after that recovery expected, Remains very volatile.

Small cap & Midcap stocks can do well now.

Buy for intraday: (Buy at lower levels as market may open negative)

Torrent Power (195) Target 210-215

Taneja Aerospace (139) Target 150

Repro India (120) Target 130

Neyveli Lignite (147) Target 150-152

PTC (158) Target 165-170

RCOM (780) Target 810-825 (Short Term Target 950+)

Electrocast Steel (67) Target 70-72

DCB (112) Target 120-122

Graphite India (66) Target 70-74

BioCon (563) Target 575-590

Petronet LNG (94) Target 100 (Short Term Target 125)

Mercator Lines (123) Target 130

Others: Bharat Forge (364), Gulf Oil (303), Sunil Hitech (300), OM Metal (72), Selan Exploration (164)

Good Luck