NIFTY WEEKLY RANGE FOR THE WEEK 30TH SEP -- 04TH OCT 5728 -- 5940. Either Side Sustaining Will Give 100 Points More, High 5810.20, Low 5718.50, Closed 5735.30 !
Sensex, Nifty hit over three-week low
Indian stocks dropped on the last trading session of month today, 30 September 2013, as stocks fell across the globe and as US index futures pointed to a weak opening of US stocks later in the global day on a trio of concerns viz. a potential government shutdown in the US, political instability in Italy and disappointing data from China. The barometer index, the S&P BSE Sensex, and the 50-unit CNX Nifty, both, settled at their lowest level in more than three weeks. The Sensex plunged 347.50 points or 1.76%, up 59.04 points from the day's low and off 271.54 points from the day's high. The market breadth, indicating the overall health of the market, was weak.
Index heavyweight Reliance Industries and ITC, both, declined. Capital goods pivotals dropped. Bank stocks extended Friday's losses triggered by Reserve Bank of India (RBI) governor Raghuram Rajan's comments that the RBI is still worried about high inflation, even when taking out volatile food prices. Shares of power generation and power distribution companies edged lower in weak marke
CAPITAL MARKET !
TRADING CALLS
CASH
BUY BHEL 136--138 SL 134 TGT 142 / 146
BUY LUPIN 852--856 SL 842 TGT 868 / 880
SELL LT 793--799 SL 806 TGT 782 / 765
SELL WIPRO 475--479 SL 483 TGT 470 / 462
FO
BUY ZEEL 225--229 SL 220 TGT 234 / 239 / 244 FOR WEEK
SELL CESC 346--349 SL 352 TGT 342 / 335 / 331
DISCLAIMER : THE TEAM IS NOT RESPONSIBLE FOR ANY LOSSES OCCURED DURING ANY TRADE !!
DISCLAIMER : THE TEAM IS NOT RESPONSIBLE FOR ANY LOSSES OCCURED DURING ANY TRADE !!
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