SHREE GANESHAY NAMAH !!
NIFTY WEEKLY RANGE FOR THE WEEK 23RD SEP -- 27TH SEP 5816 -- 6223. Either Side Sustaining Will Give 120 Points More, High 5989.40, Low 5854.55, Closed 5892.45 !
Sensex fails to retain 20,000 level
After fluctuating between gains and losses, key benchmark indices managed to end slightly higher as gains in European stocks supported domestic bourses. The barometer index, the S&P BSE Sensex, fell below the psychological 20,000 mark, having alternately moved above and below that level in intraday trade. A steep slide had pushed the Sensex below the 20,000 mark on Monday, 23 September 2013. The Sensex today garnered 19.25 points or 0.1%, up close to 137 points from the day's low and off about 130 points from the day's high. The market breadth, indicating the overall health of the market, was negative.
Indian stocks snapped two-day losing streak today, 24 September 2013. The market had witnessed a steep slide recently after the Reserve Bank of India, in a surprise decision, raised its key policy rate viz. the repo rate by 25 basis points after a monetary policy review on 20 September 2013 and as the central bank retained hawkish tone in the latest monetary policy. The Sensex had fallen 745.68 points or 3.61% in two trading sessions to settle at 19,900.96 on Monday, 23 September 2013, from a recent high of 20,646.64 on 19 September 2013. CAPITAL MARKET
TRADING CALLS
CASH
BUY BIOCON 328--330 SL 324 TGT 335 / 342
BUY COAL INDIA 294--296 SL 291 TGT 300 / 306
SELL RELCAP 348--352 SL 356 TGT 345 / 340
SELL LT 830--835 SL 843 TGT 822 / 809
FO
BUY SRTRANS 585--590 SL 575 TGT 598 / 609
HIGH RISK JUB FOOD SELL 1165--1175 SL 1190 TGT 1142 / 1115
DISCLAIMER : THE TEAM IS NOT RESPONSIBLE FOR ANY LOSSES OCCURED DURING ANY TRADE !!
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