CALLS FOR 17TH SEP 2013

SHREE GANESHAY NAMAH !!

NIFTY WEEKLY RANGE FOR THE WEEK 16TH SEP -- 20TH SEP 5735 -- 5962. Either Side Sustaining Will Give 100 Points More, HIGH 5957.25, LOW 5798.15, CLOSED 5840.55 !

HPCL, BPCL move higher after raising petrol price :

Key benchmark gave away initial strong gains after data released by the government today, 16 September 2013, showed that inflation based on wholesale price index (WPI) accelerated in August 2013, firming expectations that the central bank may again hold off cutting interest rates at its monetary policy review on Friday, 20 September 2013. The barometer index, the S&P BSE Sensex, closed a tad higher. The 50-unit CNX Nifty edged lower to hit over one-week low. Stock prices were volatile. The market breadth, indicating the overall health of the market, was negative. The Sensex advanced 9.71 points or 0.05%, off about 345 points from the day's high and up close to 145 points from the day's low.

The Sensex has gained 1,122.75 points or 6.02% in September 2013 so far (till 16 September 2013). The Sensex has risen 315.76 points or 1.62% in calendar 2013 so far (till 16 September 2013). From a 52-week high of 20,443.62 on 20 May 2013, the Sensex has fallen 701.15 points or 3.42%.

Coming back to today's trade, shares of pharma major Ranbaxy Laboratories tumbled a staggering over 30% in a single trading session after the US Food and Drug Administration issued an import alert against company's Mohali plant. Shares of most private banks rose. IT stocks declined as the rupee surged against the dollar. Index heavyweight and cigarette maker ITC gained. Another index heavyweight Reliance Industries (RIL) declined. Shares of two out of three PSU OMCs rose after raising petrol price. CAPITAL MARKET !

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

TRADING  CALLS

CASH

BUY BHEL 132-135 SL 129 TGT 138 / 142
BUY CAIRN 315--318 SL 311 TGT 323 / 328

SELL ABANOFF 223--225 SL 229 TGT 219 / 214
SELL CESC 320--322 SL 326 TGT 315 / 310

FO

BUY TCS 1885--1905 SL 1865 TGT 1928 / 1952

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