SHREE GANESHAY NAMAAH !

Bloodbath on Dalal Street: Is it time to book profits now ?

It was bloodbath on Dalal Street. The Indian market corrected very sharply and witnessed its biggest fall in the last 16 sessions led by heavy sell-off in banks, metals, telecom and infrastructure stocks. The Nifty nosedived to 5,505 losing 101 points. TheSensex too shed 283 points to shut shop at 18,145.

Euro zone teetering on brink of recession

The euro zone economy is in danger of tipping into recession, with the services sector shrinking this month along with manufacturing, tempering a wave of optimism after a new bailout deal for Greece struck this week !

Stocks To Watch :

DELIVERY CALL ADD DABUR (I) @ 95-97, OR ON DECLINE AT 91--93, WITH CLOSING SL 86 FOR TGT OF 99.50 / 103 / 105 / 108 / 112 / 115 ! FOR 10-15 DAYS ! 3rd tgt Hit, High Made 107 ! Revised SL 102 !

Cash Market : DEL. CALL BUY PRAKASH IND @ 61--62, WITH CLOSING SL OF 56 for Tgt 65 / 68.50 / 72 / 75 or more for 1 week ! 1st Tgt Hit 65 !

VISIT WEBSITE FOR DAILY TRADING CALLS WITH STRICT SL AND UPDATES FOR PREVIOUS DAYS CALLS !



NIFTY FUTURE CHART :




Supp. 5442 / 5462 / 5488 / 5500 CMP: 5518.10 Resis. 5526 / 5548 / 5565 / 5590 !

BANK NIFTY FUTURE CHART :




Supp. 10350 / 10484 / 10612 / 10702 CMP: 10772 Resis. 10816 / 10901 / 10990 / 11260 !

Market Updates : 

Volume Spurts :

Tata Communications clocked volume of 10.89 lakh shares on BSE, a 9.15-times surge over two-week average daily volume of 45,000 shares. The stock surged 6.66% to Rs 253.80 !

Sterlite Technologies notched up volume of 45.27 lakh shares, a 4.57-fold surge over two-week average daily volume of 6.80 lakh shares. The stock falls marginally 0.36% to Rs 41.95 !

Firstsource Solutions clocked volume of 1.02 Cr shares, a 4.47-fold rise over two-week average daily volume of 17.19 lakh shares. The stock rose 2.38% to Rs 12.06 !

Eveready Industries India clocked volume of 51.62 lakh shares, a 3.6-fold surge over two-week average daily volume of 9.58 lakh shares. The stock surged 4.45% to Rs 29.35 !

Gateway Distriparks clocked volume of 5.11 lakh shares, a 3.17-fold rise over two-week average daily volume of 1.53 lakh shares. The stock tumbles 3.10% to Rs 142.05 !

Note : Data From Capital Market And Money Control !

Note : Kindly Trade With Stoploss !