SHREE GANESHAY NAMAH !!
NIFTY WEEKLY RANGE FOR THE WEEK 01ST SEP -- 05TH SEP 5245 -- 5706. Either Side Sustaining Will Give 140 Points More,
Market gains for fourth day in a row
Key benchmark indices surged on the first trading session of September month boosted by firm global stocks. The barometer index, S&P BSE Sensex and the CNX Nifty, both settled at 2-1/2 week high. Global stock markets gained following data showing that manufacturing activity in China to euro-zone has expanded at a faster pace than estimated in August, boosting investor confidence in the global economic recovery. The Sensex was up 266.41 points or 1.43%, up 207.20 points from the day's low and off 55.93 points from the day's high. The market breadth, indicating the overall health of the market, was strong. All the thirteen sectoral indices on BSE were in the green.
The Sensex gained for the fourth day in a row today, 2 September 2013. The Sensex has risen 918.05 points or 5.11% in four trading sessions from a recent low of 17,968.08 on 27 August 2013. The Sensex lost 725.98 points or 3.75% in August 2013. The Sensex has declined 540.58 points or 2.78% in calendar 2013 so far (till 2 September 2013). From a 52-week high of 20,443.62 on 20 May 2013, the Sensex has fallen 1,557.49 points or 7.62%. From a 52-week low of 17,250.80 on 5 September 2012, the Sensex has risen 1,635.33 points or 9.48%.
TRADING CALLS
CASH
BUY ABANOFF 211-214 SL 208 TGT 217.50 / 221 / 224
BUY CESC 307--309 SL 303 TGT 312.50 / 316 / 319
SELL AMBUJA CEM 170--172 SL 174.50 TGT 167.50 / 165 / 162
SELL RELIANCE IND 892--900 SL 915 TGT 884 / 872 / 865
FO
GRASIM IND 2298--2320 SL 2348 TGT 2272 / 2250 / 2225
RELCAPITAL 329--333 SL 339 TGT 326 / 322 / 318 / 312
DISCLAIMER : THE TEAM IS NOT RESPONSIBLE FOR ANY LOSSES OCCURED DURING ANY TRADE !!
No comments:
Post a Comment