CALLS FOR 30TH AUG 2013

SHREE GANESHAY NAMAH !!

NIFTY WEEKLY RANGE FOR THE WEEK 26TH AUG -- 30TH AUG 5326 -- 5616. Either Side Sustaining Will Give 106 Points More, High 5528.70, Low 5118.85, Closed 5409.05.

Market jumps as rupee stages sharp recovery :

A recovery in the battered rupee, a slide in oil prices triggered by US President Barack Obama's comments on Wednesday, 28 August 2013, that he hasn't yet decided whether to launch an attack on Syria and weaker-than-expected report on US durable-goods orders which raised expectations that the Federal Reserve may delay plans to reduce its monetary stimulus to the US economy, aided a rally in Indian stocks. The rupee rose on the back of the Reserve Bank of India's (RBI) decision on Wednesday, 28 August 2013, to immediately start a facility to meet the daily dollar requirement of the country's three state-run refiners. The S&P BSE Sensex reclaimed the psychological 18,000 mark. The Sensex jumped 404.89 points or 2.25%, up close to 330 points from the day's low and off about 55 points from the day's high. The market breadth, indicating the overall health of the market, was positive.

The Sensex has risen 432.96 points or 2.41% in two trading sessions from a recent low of 17,968.08 on 27 August 2013. The Sensex has fallen 944.66 points or 4.88% in this month so far (till 29 August 2013). The Sensex has declined 1,025.67 points or 5.28% in calendar 2013 so far (till 29 August 2013). From a 52-week high of 20,443.62 on 20 May 2013, the Sensex has fallen 2,042.58 points or 9.99%. From a 52-week low of 17,250.80 on 5 September 2012, the Sensex has risen 1,150.24 points or 6.67%. : COURTESY CAPITAL MARKET !

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

TRADING CALLS

CASH 

BUY AMBUJA CEM SL 160 CMP 164 TGT 168 / 172
BUY BPCL 267--270 SL 263 TGT 274 / 278

SELL RELIANCE 851--858 SL 869 TGT 842 / 820
SELL TATAMOTORS 308--310 SL 314 TGT 302 / 298

FO

BUY HPCL 162-164 SL 159 TGT 168 / 172

SELL HINDUNILEVER 608--618 SL 625 TGT 600 / 591 / 580
SELL ABIRLANUVO 1090--1115 SL 1130 TGT 1070 / 1050 / 1020

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