NIFTY WEEKLY RANGE FOR THE WEEK 23RD SEP -- 27TH SEP 5816 -- 6223. Either Side Sustaining Will Give 120 Points More, High 5989.40, Low 5811.10, Closed 5882.25 !
Gillette India vaults as Sebi paves way for compliance with minimum public holding rule
In absence of any major cues, key benchmark indices managed to register small gains today, 26 September 2013. Gains in index heavyweight and cigarette major ITC bolstered the indices. The barometer index, the S&P BSE Sensex, rose 37.61 points or 0.19%, off about 103 points from the day's high and up close to 67 points from the day's low. The market breadth, indicating the overall health of the market, was positive. Gillette India jumped after the Securities and Exchange Board of India (Sebi) allowed the company to re-classify one of its promoters as a public shareholder in order to become compliant with the minimum public shareholding norms.
The Sensex has gained 1,274.13 points or 6.84% in September 2013 so far (till 26 September 2013). The Sensex has risen 467.14 points or 2.4% in calendar 2013 so far (till 26 September 2013). From a 52-week high of 20,739.69 on 19 September 2013, the Sensex has declined 845.84 points or 4.08%. From a 52-week low of 17,448.71 on 28 August 2013, the Sensex has risen 2,445.14 points or 14.01%. CAPITAL MARKET
TRADING CALLS
CASH
BUY ABANOFF 220--223 SL 215 TGT 228 / 234
BUY BIOCON 328--331 SL 325 TGT 335 / 340
SELL AMBUJA CEM 185--187 SL 190 TGT 181 / 175
SELL RELCAP 338--340 SL 346 TGT 332 / 323
FO
BUY GODREJ IND 277-281 SL 274 TGT 285 / 290
DISCLAIMER : THE TEAM IS NOT RESPONSIBLE FOR ANY LOSSES OCCURED DURING ANY TRADE !!
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