सेन्सेक्स (16741.30) 30.19 अंक चढ्कर, नीफ़्टी (4976.05) 10.50 अंक चढ्कर, बंद..

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Our morning call Buy JP Asso target achieved at 254.90.

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European markets update: FTSE Index up 0.2%, CAC Index down 0.5% and DAX Index down 0.3%

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Double Exponential Moving Average (DEMA)

Hurdle at 5021-5045

Now suppose not crosses 5017

& trades below 4984 will take to

3DEMA -4949

& there after 4904

7DEMA -4888

Three consecutive close above 4955 will take to 5107 & 5147

Nifty above 4955, may test
5107 & 5147

Pre Market Commentary...

Today, we see another day of stock taking and consolidation. Global cues too are indecisive. Our advice is don’t get too euphoric. Avoid undue risks and enjoy the long weekend. The upcoming earnings season should provide an opportunity to assess and evaluate. The advance tax numbers do point to a healthy states of affairs for India Inc over the year-ago period. But, in most cases this could be a result of cost cutting and not due to any meaningful gains on the demand side. That will take some more time to materialise. As always there will be surprises, both negative and positive. So, brace yourself for some volatility in the near term at least.

We’ve bounced back from the bear market lows to reclaim a milestone. But, we are still a long way away from the all-time highs. The question now is how would the journey ahead be? There are no easy answers, though on the whole, the mood seems to be upbeat. The real test for all will be when the steroid (stimulus) is gradually withdrawn. For now, everything looks bright and beautiful so may as well enjoy it.

All the bad news seems to have been discounted and the concerns are being overlooked temporarily. The fact is we went down hard and have rebounded. The worry is whether the ascent can continue at the same pace without major reversals. Stocks could gain further ground if the pace of liquidity gush persists. Among the potential headwinds are: inflation, interest rates, uncertainty over the external environment and lofty valuations.

GOOD LUCK! Sit on CASH!, always remember,

"Don't focus on making money;

focus on protecting what you have."

Happy Trading!!

Pre Market Ideas !!

Buy GTL Infra

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Pre Market Intraday Call !!

Buy Rolta

Buy JP Asso

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Raymond

Shares of Raymond were locked at 10% upper circuit to end at Rs204.85 after the company announced that the board of directors approved the proposal for commencement of Realty Development as new business.

SBI is looking at acquisitions of up to US$1bn in UK and expected to maintain a 40% growth rate in its UK business. (BS)

ONGC expects to complete awarding contracts for B-193 cluster of marginal fields by early November. (BL)

NTPC will invest Rs177bn in the current financial year to add 3,300 MW of generation capacity. (BL)

POSITIVE & NEGATIVE BREAKOUTS

POSITIVE BREAKOUTS


DIVIS LAB
TTML
TCS
BALRAMPUR CHINI
NALCO


NEGATIVE BREAKOUTS


CONCOR
DISH TV
IDEA CELLULAR
CIPLS
TATA TEA

NIFTY (4965) SUP 4865 RES 5065

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सेन्सेक्स (16711.11) 31.32 अंक चढ्कर, नीफ़्टी (4965.55) 7.15 अंक चढ्कर, बंद..

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European markets update: FTSE Index up 0.7%, CAC and DAX Index up 0.6% each

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India Inflation for week ended Sept 5 was at 0.12%

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APIL to provide equipment for Bangalore metro system

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Nifty hits 5000 mark

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Delivery Call : Buy BEML at 1140-1145 SL 1100 Tgt 1240,1280.Hold for 30 days.

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