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 5850.20 !
Market ekes out small gains
Key benchmark indices eked out small gains as index heavyweight and cigarette major ITC extended intraday gains in late trade and as another index heavyweight Infosys rose. The market was range bound as investors refrained from building large positions ahead of the outcome of the two-day meeting of the Federal Open Market Committee which begins today, 17 September 2013, and also ahead of the mid-quarter monetary policy review by the Reserve Bank of India (RBI) later this week. The barometer index, the S&P BSE Sensex, settled at its highest level in almost a week. The Sensex rose 61.56 points or 0.31%, off 15.07 points from the day's high and up 168.59 points from the day's low. The market breadth, indicating the overall health of the market, was negative.
The Sensex has gained 1,184.31 points or 6.36% in September 2013 so far (till 17 September 2013). The Sensex has risen 377.32 points or 1.94% in calendar 2013 so far (till 17 September 2013). From a 52-week high of 20,443.62 on 20 May 2013, the Sensex has fallen 639.59 points or 3.13%. Capital Market !
TRADING CALLS
CASH
BUY RELIANCE IND 855-860 SL 842 TGT 870 / 885
BUY TATAMOTORS 333--335 SL 328 TGT 339 / 344
SELL BPCL 314--316 SL 320 TGT 310 / 305
SELL WIPRO 476--480 SL 487 TGT 471 / 465 / 459
FO
BUY SUNPHARMA 542--545 SL 536 TGT 550 / 558 / 567
SELL TCS 1962--1980 SL 2005 TGT 1940 / 1919 / 1895
DISCLAIMER : THE TEAM IS NOT RESPONSIBLE FOR ANY LOSSES OCCURED DURING ANY TRADE !!
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