Offshore oil services providers rally
Key benchmark indices eked out small gains in lacklustre trade. The market breadth, indicating the overall health of the market, once again turned positive from negative in late trade. The barometer index, the S&P BSE Sensex, was provisionally up 27.69 points or 0.13%, off 55.97 points from the day's high and up 49.74 points from the day's low. In the foreign exchange market, the rupee edged higher against the dollar, on broad decline in dollar triggered by speculation Federal Reserve speakers including Chairman Ben S. Bernanke will reiterate economic growth isn't yet sufficient to trim stimulus.
NOTE : AFTER 1ST TGT HIT KINDLY REVISED SL TO COST PRICE !
TRADING CALLS
CASH
BUY TATAGLOBAL 144.50 SL 140 TGT 147.50 / 152
BUY CUMMINS INDIA 414 SL 406 TGT 419 / 426
BUY RANBAXY ABOVE 435 SL 426 TGT 440 / 446 / 452
SELL SSLT 185 SL 189 TGT 181 / 176
SELL ZEEL 280 SL 285 TGT 276 / 271
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, once again turned positive from negative in late trade. Earlier, the breadth had turned negative from positive in early afternoon trade. On BSE, 1,300 shares gained and 1,204 shares dropped. A total of 154 shares were unchanged.
The total turnover on BSE amounted to Rs 1954 crore, lower than Rs 2037 crore on Monday, 18 November 2013.
Among the 30-share Sensex pack, 15 stocks gained and rest of them declined.
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