SHREE GANESHAY NAMAAH !

Choppy market: Experts warn pre-Budget rally is over

It was a volatile session of trade on Dalal Street as indices were disappointed by weak GDP data. Capital goods index were the biggest draggers. Banks and autos too fuelled the slide. The Nifty lost quite a bit of ground from highs of 5450. It finally closed flat at 5385 up 10 points. Sensex too saw some major cuts but closed 21 points up at 17752.

Most experts feel that the market is likely to be volatile till Budget. According to Ambareesh Baliga, COO, best of pre-Budget days are over and may even slip to 5200-5225. However, the only hope for the market to see some upside will be if the UP election results are favourable.

Stocks To Watch :

POSITIONAL CALL BUY COAL INDIA 322-324, OR ON DECLINE 315--317, WITH SL 310, FOR TGT 328 / 334 / 338 / 345 FOR 10-15 DAYS ! 2st TGt Hit 335 !

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

NIFTY FUTURE CHART :




Supp. 5358 / 5395 / 5416 / 5430 CMP: 5439.50 Resis. 5452 / 5468 / 5492 / 5520 !

BANK NIFTY FUTURE CHART :



Market Updates : 

Volume Spurts :

Ratnabali Capital Markets clocked volume of 8.06 lakh shares on BSE, a 25,181.25-times surge over two-week average daily volume of 32 shares. The stock jumped 10% to Rs 110 !

Bajaj Finserv notched up volume of 7.10 lakh shares, a 11.64-fold rise over two-week average daily volume of 41,000 shares. The stock surged 10.73% to Rs 645.05 !

Bombay Burmah Trading Corporation clocked volume of 3.93 lakh shares, a 10.43-fold rise over two-week average daily volume of 24,000 shares. The stock was locked at 20% upper circuit at Rs 535.95 !

Titagarh Wagons clocked volume of 2.95 lakh shares, a 4.55 fold surge over two-week average daily volume of 50,000 shares. The stock lost 5.87% to Rs 439 !

Kernex Microsystems clocked volume of 8.22 lakh shares, a 4.36-fold rise over two-week average daily volume of 1.63 lakh shares. The stock lost 2.04% to Rs 91.45 !

Note : Data From Capital Market And Money Control !

Note : Kindly Trade With Stoploss !