A divergent trend was witnessed on the bourses in what was a highly volatile trading session. The barometer index, the S&P BSE Sensex was slightly lower after trimming losses since hitting an intraday low in late trade. The 50-unit CNX Nifty was marginally higher. The S&P BSE Sensex was provisionally down 23.56 points or 0.11%, up 60.08 points from the day's low and off 78.58 points from the day's high. The market breadth, indicating the overall health of the market, was positive.
Market settles a tad lower ahead of US nonfarm-payrolls data
Key benchmark indices finished a tad lower after seeing series of intraday gyrations either ways amid volatility. Global stocks were mostly lower as investors opted to stay on the sidelines ahead of the delayed US nonfarm-payrolls report due later in the day. The S&P BSE Sensex was down 28.92 points or 0.14%, up 54.72 points from the day's low and off 83.94 points from the day's high. The market breadth, indicating the overall health of the market, was positive.
TRADING CALLS
CASH
BUY BANK OF INDIA 176.50 SL 172.50 TGT 180.50 / 184
BUY ONGC 286 SL 281 TGT 291 / 296
SELL JET AIRWAYS 348 SL 354 TGT 342 / 335
SELL JET AIRWAYS 348 SL 354 TGT 342 / 335
SELL HDFCBANK 672 SL 680 TGT 662 / 653
FO
BUY EXIDE IND 127--129 SL 125 TGT 131.50 / 134
SELL SIEMENS 563--567 SL 575 TGT 555 / 542
DISCLAIMER : THE AUTHOR IS NOT RESPONSIBLE FOR ANY LOSSES DURING ANY TRADE THIS IS MY VIEW !!
The market breadth, indicating the overall health of the market, was positive. On BSE, 1,536 shares gained and 1,070 shares fell. A total of 141 shares were unchanged.
The total turnover on BSE amounted to Rs 2153 crore, higher than Rs 2012 crore on Monday, 21 October 2013.
Among the 30-share Sensex pack, 17 stocks declined and rest of them gained. Hindalco Industries (down 1.78%), M&M (down 1.31%) and Cipla (down 0.89%) edged lower from the Sensex pack.
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