12.11.2013

Nifty Weekly Range For The Week 11th Nov -- 15th NOV 6036 -- 6246, Either Side Sustaining Will Give More 80 Points More, High 6141.65, Low 6067.75, Closed 6078.80.

Realty, capital goods stocks lead market decline

Key benchmark indices declined on first trading session of the week as market sentiment was impacted adversely on concerns the Federal Reserve may reduce monetary stimulus for the US economy sooner than expected after latest data showed better than expected US October jobs report. The US central bank currently buys bonds worth $85 billion a month in a bid to hold interest rates low and encourage economic growth in the world's biggest economy. Fed's bond-buying program has been a source of liquidity for most Asian and emerging markets this year.

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

TRADING CALLS 

CASH

BUY YESBANK 329 SL 321 TGT 336 / 343

BUY SIEMENS 542 SL 534 TGT 549 / 559

BUY IPCA ABOVE 710 SL 695 TGT 719 / 736

SELL CAIRN 320 SL 325 TGT 314 / 309
SELL GODREJIND 280-282 SL 287 TGT 275 / 270

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

The total turnover on BSE amounted to Rs 1840 crore, lower than Rs 2001.86 crore on Friday, 8 November 2013.

The market breadth, indicating the overall health of the market, was negative. On BSE, 1,339 shares fell and 1,056 shares rose. A total of 145 shares were unchanged.

The BSE Mid-Cap shed 0.8% and the BSE Small-Cap index declined 0.61%. Both these indices outperformed the Sensex.

Among the 30-share Sensex pack, 24 stocks fell and rest of them rose.

Hindalco Industries, HPCL, MMTC, Oil India, Oracle Financial Services Software, Reliance Capital, Reliance Communications and Tata Global Beverages, among others will announce their June-September 2013 quarter results on Tuesday, 12 November 2013.

Sun Pharmaceutical Industries, BPCL, Cipla, Coal India, Mahindra & Mahindra, ONGC, PTC India, Rural Electrification Corporation, State Bank of India and Tata Steel, among others will announce their June-September 2013 quarter results on Wednesday, 13 November 2013.

Tata Power and Jaiprakash Associates will announce Q2 September 2013 results on Thursday, 14 November 2013.