Nifty Weekly Range For The Week 28th OCT -- 01st NOV 6060 -- 6225, Either Side Sustaining Will Give More 65 Points More, High 6228.05, Low 6079.20, Closed 6220.90.
Key benchmark indices surged as the Reserve Bank of India (RBI) after a monetary policy review raised its main lending rate viz. the repo rate by 25 basis points as expected and decided to infuse liquidity into the banking system. The barometer index, the S&P BSE Sensex, and the 50-unit CNX Nifty, both, settled over 35-month high. The S&P BSE Sensex was up 358.73 points or 1.74%, up 435.35 points from the day's low and off 23.54 points from the day's high. The market breadth, indicating the overall health of the market, was positive. All the 13 sectoral indices on BSE edged higher. The market sentiment was boosted by data showing that foreign funds remained net buyers of Indian stocks on Monday, 28 October 2013. Gains in Asian and European stocks also underpinned sentiment on the domestic bourses.
NSE’s INDIA VIX, was down 7.19 % level, at 19.76
Amongest the Indices CNX SMALLCAP was up 1.12 % closed at 3,012.70
Key benchmark indices surged as the Reserve Bank of India (RBI) after a monetary policy review raised its main lending rate viz. the repo rate by 25 basis points as expected and decided to infuse liquidity into the banking system. The barometer index, the S&P BSE Sensex, and the 50-unit CNX Nifty, both, settled over 35-month high. The S&P BSE Sensex was up 358.73 points or 1.74%, up 435.35 points from the day's low and off 23.54 points from the day's high. The market breadth, indicating the overall health of the market, was positive. All the 13 sectoral indices on BSE edged higher. The market sentiment was boosted by data showing that foreign funds remained net buyers of Indian stocks on Monday, 28 October 2013. Gains in Asian and European stocks also underpinned sentiment on the domestic bourses.
NSE’s INDIA VIX, was down 7.19 % level, at 19.76
Amongest the Indices CNX SMALLCAP was up 1.12 % closed at 3,012.70
NOTE : AFTER 1ST TGT HIT KINDLY REVISED SL TO COST PRICE !
TRADING CALLS
CASH
BUY COAL 281 SL 275 TGT 287 / 296
BUY BHARATFORGE 288.50 SL 283 TGT 296 / 303
BUY GODREJ IND 283.50 SL 278 TGT 288 / 295
SELL YESBANK AT 377-379 SL 384 TGT 371 / 365
SELL YESBANK AT 377-379 SL 384 TGT 371 / 365
SELL ADANI ENT 215 SL 220 TGT 210 / 204
DISCLAIMER : THE AUTHOR IS NOT RESPONSIBLE FOR ANY LOSSES DURING ANY TRADE THIS IS MY VIEW !!
Stock Specific news:
JSW Steel cons loss at Rs 115.5 cr
Crude palm oil up 0.3% on firm global cues
YES Bank and Axis Bank likely to outperform: Devangshu Datta
Copper up 0.1% on spot demand
Lead down 0.2% on subdued spot demand
BF Utilities zooms over 50% in four days
Silver futures up 0.4% on global cues
SRF falls on disappointing Q2 earnings
Sun Pharma gains after over 5% fall in four days
Gold futures up 0.4% on global cues
JSW Steel cons loss at Rs 115.5 cr
Crude palm oil up 0.3% on firm global cues
YES Bank and Axis Bank likely to outperform: Devangshu Datta
Copper up 0.1% on spot demand
Lead down 0.2% on subdued spot demand
BF Utilities zooms over 50% in four days
Silver futures up 0.4% on global cues
SRF falls on disappointing Q2 earnings
Sun Pharma gains after over 5% fall in four days
Gold futures up 0.4% on global cues
No comments:
Post a Comment