CALLS FOR 2ND SEPTEMBER 2013

NIFTY WEEKLY RANGE FOR THE WEEK 01ST SEP -- 05TH SEP 5245 -- 5706. Either Side Sustaining Will Give 140 Points More,

Sensex moves higher as rupee recovers after hitting record low

The market managed to wipe off sharp losses during the week, tracking a rebound in the rupee and a slide in oil prices. The 30-share S&P BSE Sensex edged higher, while the CNX Nifty ended flat. Recovery was led by strong gains in shares of IT and pharmaceutical companies. Life Insurance Corporation (LIC), the country's biggest institutional investor, was reported to have bought shares during the week.

In the week ended Friday, 30 August 2013, the 30-share S&P BSE Sensex rose 100.28 points or 0.54% to 18,619.72. The 50-unit CNX Nifty ended flat at 5,471.80.

The S&P BSE Mid-Cap index fell 1.09% and the S&P BSE Small-Cap index fell 1.07%. Both these indices underperfored the Sensex.

Foreign institutional investors (FIIs) have offloaded shares worth a net Rs 5922.50 crore in August 2013 so far (till 29 August 2013). FIIs sold shares worth a net Rs 6086.10 crore in July 2013. FIIs have purchased shares worth a net Rs 60169.80 crore in 2013 so far (till 29 August 2013). FIIs bought shares worth a net Rs 128359.80 crore in calendar 2012. : Courtesy Capital Market !

NOTE : AFTER 1ST TGT HIT, KINDLY REVISED THE SL TO COST PRICE !

TRADING CALLS

CASH

BUY BHEL 116--118 SL 112 TGT 121 / 124
BUY ABANOFF 208--211 SL 203 TGT 214.50 / 219

SELL WIPRO 486--492 SL 498 TGT 480 / 475 / 470
SELL TATASTEEL 277-280 SL 284 TGT 274 / 271 / 266

FO

BUY  JINDALSTEEL 212--215 SL 207 TGT  219 /  223 /  228 /  230

SELL TCS 2020--2040 SL 2070 TGT 1995 / 1970 / 1950


DISCLAIMER : THE TEAM IS NOT RESPONSIBLE FOR ANY LOSSES OCCURED DURING ANY TRADE !