VBA

Thursday, October 31, 2013

01.11.2013


Nifty Weekly Range For The Week 28th OCT -- 01st NOV 6060 -- 6225, Either Side Sustaining Will Give More 65 Points More, High 6309.05, Low 6079.20, Closed 6299.15.

News of the day:
Key benchmark indices edged higher as the market sentiment was boosted by data showing that foreign funds remained net buyers of Indian stocks on Wednesday, 30 October 2013. The barometer index, the S&P BSE Sensex, settled at record high above the psychological 21,000 mark after almost kissing its record high hit in 2008 in late trade. The 50-unit CNX Nifty settled at its highest level in more than 35 months. The Sensex was up 130.55 points or 0.62%, off 40.92 points from the day's high and up 172.54 points from the day's low. The market breadth, indicating the overall health of the market, was positive.

NSE’s INDIA VIX, was down 1.09 % level, at 18.39

Amongest the Indices CNX SMALLCAP was up 1.19 % closed at 3,060.90

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

TRADING CALLS 

CASH

BUY LUPIN 887 SL 875 TGT 900 / 916
BUY SUNTV 420 SL 413 TGT 426 / 433
BUY CIPLA 413 SL 408 TGT 417 / 423
SELL TITAN 268 SL 275 TGT 263 / 257
SELL HDFCBANK 681 SL 690 TGT 673 / 664 

DISCLAIMER : THE AUTHOR IS NOT RESPONSIBLE FOR ANY LOSSES DURING ANY TRADE THIS IS MY VIEW !!


The total turnover on BSE amounted to Rs 2474 crore, higher than Rs 1951.05 crore on Wednesday, 30 October 2013.

The market breadth, indicating the overall health of the market, once again turned positive from negative. On BSE, 1,318 shares rose and 1,168 shares fell. A total of 171 shares were unchanged. The breadth has alternatively swung between positive and negative terrain since early afternoon trade.

Among the 30-share Sensex pack, 18 stocks rose and rest of them fell. Tata Steel (up 2.97%), Tata Power Company (up 2.42%) and GAIL (India) (up 2.01%), edged higher from the Sensex pack.

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