SHREE GANESHAY NAMAAH !
Choppy market: Experts see 'sunny side up' this week !
KYI: It's pouring hikes; here's what will sail you through
The market this week closed to double digit inflation and a hawkish stance by the Reserve Bank of India. Though investors this week put up an almost brave face buoyed by strong global cues, weekly gains trimmed with RBI’s hike in the repo rate to 8.25%.
Amidst the rising charts all around, Manoj Sachdeva, head of research at Hem Securities shares his expert call on various stocks queries posted through Moneycontrol.com's initiative 'Know Your Investment' (KYI).
Stocks To Watch For Short Terms :
Tulip Buy Above 155, With SL 148, Tgt 157.50--162--165--168--172 !! High Made 160.40 N Close @ 157.05 !
Polaris On Break Out Buy Above 138, With SL 130, Tgt 145--149--153--156--162 !! Not Cross !
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, CMP 121.35
September Month (2011) :
Open : 5109.80
High : 5169.25
Low : 4911.05
Close: 5084.25
Avg. : 5068.59
Yearly (2011) :
Open : 6177.45
High : 6181.05
Low : 4720.00
Close: 5084.25
Avg. : 5540.69
NIFTY FUTURE
R5 : 5180
R4 : 5155
R3 : 5136
R2 : 5108
R1 : 5098
CMP: 5087.60
S1 : 5062
S2 : 5038
S3 : 5025
S4 : 5002
S5 : 4978
Market Updates :
Financial Technologies (India) leads gainers in 'A' group
Rajesh Exports, Tata Motors, Indiabulls Financial Services and Manappuram Finance are among the other gainers.
Financial Technologies (India) vaulted 10.35% to Rs 861.15 and topped the gainers in the BSE's 'A' group. The stock gained on volume of 3.08 lakh shares, higher than the two-week average daily volume of 35,000 shares. Recent reports indicated the company's unit Multi Commodity Exchange has received the stock market regulator Securities & Exchange Board of India's approval for an initial public offer. Financial Technologies holds 31% stake in MCX.
Rajesh Exports jumped 8.42% to Rs 123.55. The stock was second biggest gainer in 'A' group.
Tata Motors surged 7.02% to Rs 161.70, extending two-day 8.19% gains. It was thirdbiggest gainer in 'A' group. Tata Motors global vehicle sales rose 3% to 87,459 in August 2011 over August 2010. The company said sales at its UK-based luxury car unit, Jaguar Land Rover (JLR), jumped 31% to 21,242 vehicles in August 2011 over August 2010. Sales of Land Rover sport-utility vehicles surged 43% to 17,833 units, but Jaguar sedan sales fell 10% to 3,409 units. Global sales of all trucks and buses rose 17% to 48,023 units.
Indiabulls Financial Services gained 7.01% to Rs 161.80. The stock was fourth biggestgainer in 'A' group. The stock gained on volume of 2.53 lakh shares, higher than the two-week average daily volume of 59,000 shares.
Manappuram Finance advanced 6.84% to Rs 57.05 and was fifth biggest gainer in 'A' group.
Market gains for the third straight day; ONGC jumps
Market ends choppy trading session higher; breadth negative
Note : Data From Capital Market And Money Control !
Note : Kindly Trade With Stoploss !
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