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Short Term Calls : Future Calls
Areva T & D Looks Good With SL 254, CMP 260.65, TGT 265--271--274--279--285--297. Coming Days.
Tata Steel Can Buy @ This Level With SL 558, CMP 574.05, TGT 580--591--598--605--612.
Sail If falls Below 129, Then Stay Away, N Go Long Above 132.60, CMP 131.70, TGT 134--139--142--145--148--152. Must B A Jack Pot Call.
Past Perfomances :
Zee Ltd, Showing Some Weakness In Counter If Falls Below 122, We May C Selling Pressure Below That Level For Tgt Of 120--118.50--116, SL 124. Made Low Of 120, Close @ 121.70.
Go Long In Ultratech Cement Above 1003, SL 970, Tgt 1015--1028--1065, For 1 Week.High Made 1006.25 Close @ 990.30.
Ttml Looks Strong Above 21.60, Tgt 22.50--24, With SL Of 20. Not Triggered Close Call.
Sre Infra Seems Buzzling Counter Above 45.35, SL Of 43, Tgt 47--48--51--55 For Coming Week. Not Triggered Close Call
NCC Showing Weakness, But Trend Can Move Upside To 82--85.50--89.50--95 Or More CMP @ 79.65, SL 77 (C.B.) May Be Jack Pot Call. High Made 83.45, Close @ 82.90.
Positional Call Buy Bank Nifty @ 11085--11095, SL 10925, Tgt 11200--11450---11600 For 2-3 Days.High 11405, Close @ 11249.40. Revised SL 11150.
Tech Mah Looks Good Above 760, With SL 745, Tgt 768--775--782--795. In Coming Days. Not Triggered. Close Call.
Volume Buzz
Adanipower Can Buy With SL 102, Tgt 111--115--119--123, CMP @ 107.85., CLOSE @ 109. Call Triggered Our 2 Tgt Hit, High 115.50, Close @ 113.75.
Market Updates :
Tata Communications leads gainers in 'A' group.
Videocon Industries, Godrej Industries, Biocon and Sun TV Network are among the other gainers.
Tata Communications soared 5.13% to Rs 215.10. The stock topped the gainers in the BSE's 'A' group.
Videocon Industries surged 4.39% to Rs 198.50. The stock was second biggest gainer in 'A' group.
Godrej Industries moved up 4.05% to Rs 227.15. The stock was third biggest gainer in 'A' group. The company will declare its Q1 June 2011 results on 30 July 2011.
Biocon advanced 3.58% to Rs 372.85. The stock was fourth biggest gainer in 'A' group. The company will declare its Q1 June 2011 results on 21 July 2011.
Sun TV Network gained 3.27% to Rs 348.85. The stock was fifth biggest gainer in 'A' group.
Negative cues from Asia and Europe took their toll on the markets and both benchmark indices lost about quarter-of-a-percent in today's trade. Auto, healthcare and IT were the biggest losers today but midcap IT stocks saw some buying. Midcap and smallcap stocks outperformed largecap stocks and metal and realty sectors also came to the rescue of the indices. The Sensex closed at 18507, down 55 points from its previous close, and the Nifty shut shop at 5567, down 14 points. The CNX Midcap index was up 0.3% while the BSE Smallcap index gained 0.4% in today's trade. The market breadth was positive with advances at 681 against declines of 618 on the NSE. The top Nifty gainers were Hindalco, BHEL, Tata Power and GAIL while the biggest losers included Cipla, Mahindra & Mahindra, RCom and NTPC
BSE Small-Cap, Mid-Cap indices extend recent strong gains
Market drifts lower on US, European debt concerns
Key benchmark indices edged lower for the second straight day and were near one-week closing lows as world stocks fell on Europe's sovereign-debt worries and amid a political standoff in the US over raising the US government's debt limit. The BSE Sensex was down 54.88 points or 0.3%, off close to 150 points from the day's high and up close to 40 points from the day's low. Two index heavyweights--Reliance Industries and Larsen & Toubro edged lower.
IT stocks fell on US and European debt concerns. Most auto stocks fell on concerns higher interest rates could crimp sales of automobiles. Bank shares were mixed. Realty and metal stocks rose. The market breadth was positive. BSE Small-Cap and Mid-Capindices rose, extending their recent strong gains.
The market edged lower in early trade as US index futures dropped. A bout of volatility was witnessed as the key benchmark indices pared gains after hitting fresh intraday highs in morning trade. The market regained positive terrain after slipping into the red once again in mid-morning trade. The market once again slipped into the red in early afternoon trade as most Asian stocks fell. The market hit a fresh intraday low in afternoon trade as European shares dropped in early trade. The market hovered in the red in mid-afternoon trade. Volatility ruled the roost in late trade as the market hit a fresh intraday low.
July Month :
Open : 5700.20
High : 5751.60
Low : 5502.15
Close: 5572.75
Avg. : 5631.68
Yearly (2011) :
Open : 6202.10
High : 6209.90
Low : 5175.10
Close: 5572.75
Avg. : 5789.96
NIFTY FUTURE
R5 : 5658
R4 : 5632
R3 : 5610
R2 : 5598
R1 : 5583
CMP: 5572.75
S1 : 5558
S2 : 5540
S3 : 5522
S4 : 5506
S5 : 5488
Market breadth, indicating the overall health of the market, was positive. On BSE, 1,506 shares advanced and 1,350 shares declined. A total of 136 shares remained unchanged. The breadth was much stronger earlier in the day.
Among the 30-member Sensex pack, 19 stocks fell while the rest of them rose. Cipla, Reliance Communications and ICICI Bank fell by between 1.82% to 1.85%. HDFC, Bhel and Tata Power Company rose by between 2.31% to 3.2%.
Index heavyweight Reliance Industries (RIL) declined 0.89% to Rs 865.50. The stock hit high of Rs 874.70 and low of Rs 866.05.
Realty stocks extended recent gains. Housing Development & Infrastructure (HDIL), Indiabulls Real Estate, DLF and Phoenix Mills rose by between 0.68% to 1.83%.
Most metal shares rose as LMEX, a gauge of six metals traded on the London Metal Exchange, gained 0.21% on Friday, 15 July 2011. NMDC, Sterlite Industries, Welspun Corp, Jindal Saw, Hindustan Zinc, Hindalco Industries, JSW Steel, National Aluminium Company and Steel Authority of India rose by 0.01% to 3.2%.
Larsen & Toubro shed 1.6%. L&T Finance Holdings' up to Rs 1750 crore initial public offering will open on 26 July and close 29 July 2011. The offer will be open for anchor investors on 26 July, while it will open for retail bids the next day. L&T Finance Holdings is a subsidiary of L&T.
Bank shares dropped on worries high interest rates may reduce demand for credit. State-run Bank of Baroda's Chairman and Managing Director M.D. Mallya today, 18 July 2011, said demand for loans in India is slowing. "We are not seeing many projects coming from the infrastructure sector," Mallya told reporters after the customary bankers' meeting with central bank officials ahead of its first-quarter review of monetary policy. Mallya also said some loans given to small- and medium-sized enterprises could turn bad.
India's largest commercial bank by branch network State Bank of India (SBI) fell 0.19%. SBI recently raised base rate by 25 basis points (bps) from 9.25% per annum to 9.50% per annum. The bank has also revised the Benchmark Prime Lending Rate upwards by 25 bps from 14% to 14.25%. The bank has also revised upwards deposit rates on some maturities by up to 100 basis points.
India's largest private sector bank by net profit ICICI Bank fell 1.28%. ICICI Bank raised its base rate by 25 basis points to 9.5% per annum with effect from 4 July 2011. The private sector bank also raised its benchmark prime lending rate (BPLR) and its floating reference rate (FRR) for consumer loans, including home loans. BPLR and FRR are used for determining interest rates on loans and advances sanctioned up to 30 June 2010.
Note : Data From Capital Market.com.
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