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

DIWALI PICKS

WISH YOU ALL A VERY HAPPY DIWALI & HAPPY NEW YEAR

Buy Diwali to Diwali Stocks (1 Year Hold)

GMR Infra Target 350+
NTPC Target 500+
Nagarjuna Fertilizers Target 125+
Ansal Buildwell Target 200+
Binani Industries (BinaniZinc) Target 500+

Good Luck

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