SHREE GANESHAY NAMAH !!
NIFTY WEEKLY RANGE FOR THE WEEK 16TH SEP -- 20TH SEP 5735 -- 5962. Either Side Sustaining Will Give 100 Points More, HIGH 6142.50, LOW 5798.15, CLOSED 6115.55 !
Sensex settles at over 34-month high :
Key benchmark indices surged as world stocks rose after the US Federal Reserve after a monetary policy review on Wednesday, 18 September 2013, decided to maintain stimulus to the US economy through monthly bond purchases of $85 billion. Fed's bond-buying program has been a source of liquidity for most Asian and emerging markets this year. The Fed decided against tapering its $85-billion-a-month in bond purchases for now, with Fed Chairman Ben Bernanke saying that economic data since June did not support a reduction in buys. The barometer index, the BSE Sensex, moved past the psychological 20,000 mark and the 50-unit CNX Nifty surged past the psychological 6,000 level. The Sensex settled at its highest level in more than 34 months. The Nifty settled at 16-week high. The Sensex jumped 684.48 points or 3.43%, up 299.34 points from the day's low and off 93.05 points from the day's high. The market breadth, indicating the overall health of the market, was positive. Except the BSE IT index, all the other sectoral indices on BSE were in the green.
The Sensex gained for the fourth straight day today, 19 September 2013. The Sensex has risen 913.88 points or 4.63% in four trading days from a recent low of 19,732.76 on 13 September 2013. The Sensex has gained 2,026.92 points or 10.89% in September 2013 so far (till 19 September 2013). The Sensex has risen 1,219.93 points or 6.28% in calendar 2013 so far (till 19 September 2013). From a 52-week low of 17,448.71 on 28 August 2013, the Sensex has gained 3,197.93 points or 18.33%. CAPITAL MARKET !
TRADING CALLS
CASH
BUY BHEL 132--134 SL 128 TGT 137 / 142
BUY CESC 328--332 SL 324 TGT 336 / 342
SELL RIL IND 893--899 SL 906 TGT 885 / 872
SELL TATAMOTORS 350--352 SL 355 TGT 346 / 340
FO
SELL BAJAJ AUTO 2065--2085 SL 2098 TGT 2042 / 2015 / 1988
DISCLAIMER : THE TEAM IS NOT RESPONSIBLE FOR ANY LOSSES OCCURED DURING ANY TRADE !!
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