Friday, May 29, 2009
सेन्सेक्स (14625.25) 329.24 अंक चढ्कर, नीफ़्टी (4448.95) 111.85 अंक चढ्कर, बंद..
Our intraday target achived BOOK PROFIT
"Intraday :: Sell Nifty at 4475-4485, SL 4510 Tgt 4450 and 4435 below.."
JAIPRA:: trading very strong at 209 - BOOK PROFIT
India economy grew 5.8% in Jan-March Quarter
Buy Tata Power at Rs1??? with SL of Rs?? for target of Rs1045, 1077
Aditya Birla Group may not buy L&T stake in Ultratech Cement.
Shares of L&T gained by 2.3% to Rs1342 after the company announced its Q4 results with net profit at Rs9.99bn posting 3.3% growth as against Rs9.67bn in the same period last year. The company’s net sales grew 23.6% yoy at Rs104.7bn as against to Rs84.7bn and has one-time loss of Rs1.44bn. The company announced that it would pay dividend of Rs10.50 per share.
Pre Market Commentary ..
Expectations are the growth in March quarter may have been the slowest with the economy expanding a little over 5%. Should it disappoint, some profit taking could be seen. With 28% gain in the May F&O series, the bulls seem to have managed their impulse for quite some time now. The rollover to June was around 58%, which is relatively less.
The cues from the global markets show no concerns for the day. The US market ended higher after the government’s recent debt auction saw healthy demand. The Treasury Department said it received $58.7 billion worth of bids for the $26 billion in 7-year notes offered Thursday.
NIFTY TREND
SELLING is suggested with SL of 4347 level
for the target @ 4303 to 4287 levels;
Regarding BULLISH TREND,
BUYING is suggested @ the level of 4347 with SL of 4337,
Target @ 4373 to 4388 levels.
Pre Market Ideas !!
Buy Ranbaxy
Buy ACC
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Pre Market Intraday Ideas !!
Buy HDFC
Buy Hero Honda
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NIFTY (4337) SUP 4287 RES 4387
SAIL
SAIL surged by over 6.5% to Rs164. The company’s Q4 net profit dropped 37% yoyat Rs14.9bn as against Rs23.8bn in the same period last year. The company posted revenues of Rs120.6bn as against Rs134.8bn.
Positive & Nagative Breakouts
Reliance Petro
Sesa Goa
Suzlon Energy
Reliance Ind
Grasim Ind
Wipro
Dabur India
Tata Tea
GAIL India
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