SHREE GANESHAY NAMAAH !

Big gain ! Experts say market may rally but not beyond 5250 !

Across the board buying helped the frontline indices build on their early gains. The Nifty gained just over 2% to close at 5,140 while the Sensex rallied 340 points to close at 17, 085. Oil & gas, banking, capital goods and technology helped the benchmarks wipe out all of yesterday's loss.

Today's Result 20th Oct 2011

Bajaj Auto, Bajaj Holding, Deepak Fert, Exide Ind, Ghcl, Gujarat Alk, Gujarat Narm Val, Gsfc. Hexware Tech, Ind Power, Ind Bull Real, India Bulls Sec, Kirloskar Bros, Piramal Health, Sterlite Tech, Swaraj Engines, Thermax, Ultratech Cem, Yes Bank !

Sensex reclaims 17,000 as HDFC Bank, Hero MotoCorp earningscheer market

Future Calls :

Crompton Greav
Buy With SL Of Closing Of Rs. 133, For Tgt Of Rs. 152/159/164, Currently It Close @ Rs. 143.25 !

Gvk Pwer
Buy With SL Of Closing Of Rs. 14, For Tgt Of Rs. 15.50/17/19, Currently It Close @ Rs. 14.65 !

Past Performance !

Sintex Ind
Fno Buy Sintex Ind Above 122, SL 119, Tgt 125--128--131 ! Close @ 121.70 !

Dhanlaxmi Bank
Dhanlaxmi Bank Can sell with sl of Rs. 73 for tgt of Rs. 58 To Rs. 52, Made Low OF 59.85, Revised SL @ 68 ! Close @ Rs. 63.95 !

Hdfc
Buy with sl of Rs. 655, for Tgt of Rs. 690 to Rs. 705, it currently closed at Rs. 676.25 !

Future Expiry Month (2011) : 
Open : 4999.80
High : 5162.00
Low : 4725.55
Close: 5149.90
Avg. : 5009.31

Yearly (2011) : 
Open : 6177.45
High : 6181.05
Low : 4720.00
Close: 5149.90
Avg. : 5557.10

NIFTY FUTURE 

R5 : 5278
R4 : 5235
R3 : 5208
R2 : 5182
R1 : 5165

CMP: 5149.90

S1 : 5136
S2 : 5116
S3 : 5090
S4 : 5065
S5 : 5040

Market Updates : 

ABB leads gainers in 'A' group

Coromandel International, Neyveli Lignite Corporation, Oracle Financial Services Software and GMDC are among the other gainers.

Engineering company ABB jumped 7.44% to Rs 712.80. The stock topped the gainers in the BSE's 'A' group. The company's board will meet on 8 November 2011 to consider Q3 September 2011 results.

Fertiliser company Coromandel International climbed 6.13% to Rs 326.25. The stock was second biggest gainer in 'A' group. The stock jumped after the company said after market hours on Tuesday, 18 October 2011 that its board approved issue of unsecured redeemable bonus debentures in the ratio of one fully paid debenture of Rs 15 each for every equity share of Rs 1 each held in the company. Coromandel International said the debentures would carry an interest rate of 9% per annum. The debentures will be considered as a deemed dividend and would bear the applicable dividend distributiontax on the issue.

Coromandel's board also approved setting up a new single super phosphate manufacturing plant in Punjab. The plant would have 800-tonne-per-day capacity, including a granulator plant that would have 400-tonne-a-day capacity, it said. Meanwhile, the firm said it plans to transfer the lease rights of the land located at Navi Mumbai.

Coromandel International announced its results after market hours on Tuesday, 18 October 2011. On a consolidated basis, the company's net profit fell 19.8% to Rs 282.38 crore on 1.7% decline in net sales to Rs 2711.46 crore in Q2 September 2011 over Q2 September 2010.

Lignite-based power producer Neyveli Lignite Corporation galloped 4.64% to Rs 80.05. The stock was third biggest gainer in 'A' group.

Financial software maker Oracle Financial Services Software rose 4.45% to Rs 2153.90. The stock was fourth biggest gainer in 'A' group. The company will declare its Q2 September 2011 results on 25 October 2011.

State-run miner Gujarat Mineral Development Corporation (GMDC) rose 4.41% to Rs 183.65, extending Tuesday's (18 October 2011) 7.03% spurt triggered by a foreign broker initiating coverage on the stock with 'outperform' rating and a target price of Rs 210 citing valuation gap versus peers and strong operations. The stock was fifth biggest gainer in 'A' group.

Sensex, Nifty settle at highest level in over 4 weeks on euro-zone bailout fund hopes

The market breadth, indicating the overall health of the market, was positive. On BSE, 1,637 shares rose and 1,146 fell. A total of 122 shares were unchanged. The breadth was much stronger earlier in the day.

All the shares from the 30-share Sensex pack rose.

From the 30-share Sensex pack, 27 fell and the only three rose. Bajaj Auto, L&T and Tata Motors fell by between 2.17% to 3.72%.

Note : Data From Capital Market And Money Control !

Note : Kindly Trade With Stoploss !