Nifty Weekly Range For The Week 12th Aug To 16th Aug 5432 -- 5720, Either Side Sustaining Will Give 86 Points More.
Indian stocks snapped two-day losing streak today, 8 August 2013. The Sensex had lost 517.38 points or 2.7% in two trading days to settle at 18,664.88 on Wednesday, 7 August 2013 from a recent high of 19,182.26 on Monday, 5 August 2013. The Sensex has declined 556.36 points or 2.87% so far in August month (till 8 August 2013). The Sensex has declined 637.37 points or 3.28% in calendar 2013 so far (till 8 August 2013). From a 52-week high of 20,443.62 on 20 May 2013, the Sensex has fallen 1,654.28 points or 8.09%. From a 52-week low of 17,250.80 on 5 September 2012, the Sensex has surged 1,538.54 points or 8.91%.
TRADING CALLS
CASH
BUY GAIL SL 296 CMP 303 TGT 308 / 313
BUY JINDALSTEEL SL 202 CMP 207.50 TGT 212 / 216
SELL CAIRN INDIA SL 298 CMP 294 TGT 290 / 286
FO
BUY JSW STEEL AROUND 496--505 SL 488 TGT 512 / 520
HIGH RISK SBI BUY AROUND 1645--1670 SL 1600 TGT 1702 / 1745 / 1765 FOR 2 DAYS
SELL MARUTI AROUND 1388--1400 SL 1420 TGT 1370 / 1345
DISCLAIMER : THE TEAM IS NOT RESPONSIBLE FOR ANY LOSSES OCCURED DURING ANY TRADES !
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