Friday, April 24, 2009
सेन्सेक्स (11329.05) 194.06 अंक चढ्कर, नीफ़्टी (3480.75) 57.05 अंक चढ्कर, बंद..
Buy Sun Pharma at Rs1186-1190 with SL of Rs1171 for target of Rs1210, 1220
European markets update: FTSE Index up 1%, CAC Index up 0.9% and DAX Index up 1.2%
Buy and Hold JP Associate at Rs124-125 with SL of Rs116 for target of Rs133,136
Intraday : Buy Nifty at Rs 3430 SL 3408 Tgt 3478.
NTPC
Shares of NTPC advanced by 2% to Rs191 following reports that the company plans to spin off coal mining into a separate unit where it will offer consultancy and mining services. The scrip touched an intra-day high of Rs192 and a low of Rs180 and recorded volumes of over 0.7mn shares on BSE.
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Tata Motors
Shares of Tata Motors surged by 5% to Rs245 after reports stated that the company has so far raised Rs20bn from the public through a time- deposit plan. The scrip touched an intra-day high of Rs240 and a low of Rs230 and recorded volumes of over 1.5mn shares on BSE.
Positive & Nagative Breakouts
Gvk Power
Crompton Greaves
Idea Cellular
Infosys Tech
Bharti Airtel
Chennai Petro
Punj Lloyd
Ranbaxy Labs
GSPL
GAIL India
Key Results:
3i Infotech, Ballarpur Industries, Bharat Electronics, Cipla, Corporation Bank, GSK Consumer, Hindustan Construction, IDBI Bank, Kirloskar Oil Engine, Mahindra Lifespaces, Piramal Healthcare, Ranbaxy, Shyam Telecom, Sterlite Technologies and Wockhardt.
Pre Market Commentary ..
Bulls may argue that action makes more fortune than caution. After a brief correction earlier this week, the bulls seem to be in command once again on the bourses. Nothing has changed though as the earnings and economic reports (both local as well as global) remain mixed. And, although several market pundits predict that the worst is over, there could be some more pain going ahead. A lot more needs to be done to ensure a smooth and quick recovery for the sluggish global economy.
The IMF has warned that the global economic gloom may last longer than anticipated. But, a consensus on a coordinated effort to revive global growth continues to elude us. G7 leaders are busy debating as to who’s the real culprit behind this mess. Back home, the economy will continue to suffer from a policy vacuum as it will be a while before the next Government is formed. In addition, the uncertainty over the outcome of the polls may play spoilsport.
NIFTY TREND
SELLING is suggested with SL of 3457 level
for the target @ 3407 to 3397 levels;
Regarding BULLISH TREND,
BUYING is suggested @ the level of 3457 with SL of 3447,
Target @ 3479 to 3497 levels.
Pre Market Ideas !!
Buy VALTAMP
Pre Market Intraday Ideas !!
Buy Rel Cap
NIFTY (3423) SUP 3373 RES 3473
Thursday, April 23, 2009
सेन्सेक्स (11134.99) 317.45 अंक चढ्कर, नीफ़्टी (3423.70) 93.40 अंक चढ्कर, बंद..
European markets update: FTSE Index flat, CAC Index down 0.4% and DAX Index down 0.5%
Trail SL in Reliance Capital to cost now and trade safe
Buy & hold Reliance Capital between Rs516-519 with SL of Rs508 for target of Rs536, 539
India inflation for the week ended April 11 was at 0.26%
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