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Bulls' day out: Experts advice how to handle them

It was a day of bulls as the market rallied on strong volumes outperforming its global peers. The Niftysurged 108 points to close just below the 5150. IT and metal stocks were some of the leaders that pushed the Nifty higher. The Sensex too showed off gains to close 353 points higher at 17099. ( Read how the market behaved today. )

However, experts feel that the market is still dependent on the global cues. Dipan Mehta, Member, BSE and NSE says that the market will really break out only on the back of resolution of Europe or any positive domestic macro-economy news flow like inflation or interest rate. So, unless there is anything earth shattering, Mehta believes that the market would continue to move again within a range 4800-5300.

"Do keep in mind that we are a high beta market and the way rupee is I am pretty certain that at the first break of bad news in Europe or US, FIIs will press sell over here as well never mind what the valuations are," he warns

Future Stocks To Watch For Short Terms :

Sail If Crosses Above 114, It will move upwards to 117--120--123 !, With SL 108. !

Another Stock Which Shown Break Out Is Skumar Nation, Buy Above 51.50, SL 48, Tgt 53--55--58 !

Tulip Buy Above 155, With SL 148, Tgt 157.50--162--165--168--172 !! High Made 160.40 N Close @ 158.25 !

Welcorp Seems To be Stable @ current rate if it doesnot close below 118, it may jump upto Rs. 125--129--132--136 or more to 148, Close @ 125.55 !

September Month (2011) : 
Open : 5109.80
High : 5169.25
Low : 4911.05
Close: 5140.20
Avg. : 5082.58

Yearly (2011) : 
Open : 6177.45
High : 6181.05
Low : 4720.00
Close: 5140.20
Avg. : 5602.44

NIFTY FUTURE 

R5 : 5263
R4 : 5248
R3 : 5225
R2 : 5192
R1 : 5175

CMP: 5156.70

S1 : 5148
S2 : 5118
S3 : 5092
S4 : 5075
S5 : 5045

Market Updates : 

Rajesh Exports leads gainers in 'A' group

Religare Enterprises, Cairn India, Reliance Power and Reliance Capital are among the other gainers.

Gold jewellery exporter Rajesh Exports surged 12.58% to Rs 138.70 after the Indian rupeefell to its weakest level in two years on Tuesday, 20 September 2011. The stock topped the gainers in the BSE's 'A' group.

Falling rupee is good for exporters as they get more rupees for every dollar they earn. The partially convertible rupee was at 48.08/09 per dollar, weaker than Monday's close of 47.815/825 but stronger from intraday low of 48.24, a level last seen on 25 September 2009.

Financial services provider Religare Enterprises spurted 6.27% to Rs 441. The stock was second biggest gainer in 'A' group.

Oil explorer Cairn India galloped 5% to Rs 305.30. The stock was third biggest gainer in 'A' group.

Anil Dhirubhai Ambani Group (ADAG) power generation company Reliance Power jumped 4.88% to Rs 83.75. The stock was fourth biggest gainer in 'A' group.

ADAG financial services provider Reliance Capital climbed 4.83% to Rs 418.95. The stock was fifth biggest gainer in 'A' group.

Reliance Capital, last week, said it had received regulatory approval to sell a 26% stake in its insurance business to Japan's Nippon Life Insurance. The deal, which values Reliance Life Insurance at $2.6 billion, is likely to close in the next few weeks, it said in a statement

Sensex jumps 2.1% on hopes Greece will avoid near-term default

Sensex, Nifty hit 1-1/2-week highs

BSE clocked turnover of Rs 2409 crore, higher than Rs 2294.25 crore on Monday, 19 September 2011.

The market breadth, indicating the overall health of the market, was strong. On BSE, 1,775 shares rose and 994 shares fell. A total of 105 shares remained unchanged.

Among the 30-share Sensex pack, 28 rose and only 2 declined

Note : Data From Capital Market And Money Control !

Note : Kindly Trade With Stoploss !