19.11.2013

Sensex gains 3.25% in two sessions

Key benchmark indices surged on the first trading session of the week as firmness in European and Asian stocks boosted sentiment. The S&P BSE Sensex and the 50-unit CNX Nifty, both, scaled their highest level in nearly two weeks. The Sensex was up 451.32 points or 2.21%, up close to 280 points from the day's low and off about 20 points from the day's low. The market breadth, indicating the overall health of the market, was positive. All the 13 sectoral indices on BSE were in the green. In the foreign exchange market, the rupee strengthened against the dollar.

Indian stocks gained for the second day in a row today, 18 November 2013. From a recent low of 20194.40 on 13 November 2013, the Sensex has gained 656.34 points or 3.25% in two trading sessions. The index has fallen 313.78 points or 1.48% in November so far (till 18 November 2013). The Sensex has garnered 1424.03 points or 7.33% in calendar 2013 so far (till 18 November 2013). From a 52-week low of 17,448.71 on 28 August 2013, the Sensex has risen 3,402.03 points or 19.49%. From a record high of 21,321.53 on 3 November 2013, the Sensex has fallen 470.79 points or 2.2%.

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

TRADING CALLS 

CASH

BUY HDFC 814 SL 798 TGT 822 / 840

BUY JET AIRWAYS 310 SL 302 TGT 316 / 324

BUY CIPLA 402.50 SL 395 TGT 408 / 416

SELL SHRIRAM TRANS 595 SL 603 TGT 585 / 576

SELL ITC 321 SL 326 TGT 315 / 309

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, 1,486 shares gained and 1,120 shares fell. A total of 134 shares were unchanged.

The total turnover on BSE amounted to Rs 2025 crore, higher than Rs 1850.06 crore on Thursday, 14 November 2013.

Among the 30-share Sensex pack, 26 stocks gained while rest of them declined.