26.11.2013

Nifty Weekly Range For The Week 25th Nov -- 29th NOV 5856 -- 6136, Either Side Sustaining Will Give More 90 Points More, High 6123.50, Low 6035.95, Closed 6115.35.

Market sizzles as crude drops after Iran nuclear accord

Trading for the week began on an upbeat note as key benchmark indices surged as crude oil prices dropped after the US and five other world powers agreed with Iran on Sunday, 24 November 2013, to ease part of an economic stranglehold in exchange for steps aimed at capping Iran's nuclear program and ensuring the country's Islamist government doesn't rush to develop atomic weapons. The 50-unit CNX Nifty regained the psychological 6,000 mark. The barometer index, the S&P BSE Sensex, was provisionally up 375.84 points or 1.86%, off close to 35 points from the day's high and up about 270 points from the day's low. The market breadth, indicating the overall health of the market, was positive.

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

TRADING CALLS 

CASH

BUY RANBAXY 425 SL 418 TGT 431 / 439

BUY APOLLO HOSP 850 SL 830 TGT 868 / 892

SELL TATA COMM 271 SL 275 TGT 267 / 262

SELL CASTROL 291 SL 295 TGT 287 / 282

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

The total turnover on BSE amounted to Rs 1826 crore, higher than Rs 1731.07 crore on Friday, 22 November 2013.

The market breadth, indicating the overall health of the market, was positive. On BSE, 1,435 shares gained and 1,015 shares fell. A total of 166 shares were unchanged.

The BSE Mid-Cap index rose 1.13% and the BSE Small-Cap index gained 0.97%. Both the indices underperformed the Sensex.

The BSE Capital Goods index (up 3.82%), the BSE Bankex (up 3.63%), the BSE Realty index (up 2.28%), the BSE PSU index (up 2.26%), the BSE FMCG index (up 2.1%), the BSE Auto index (up 2.05%), outperformed the Sensex.

The BSE Power index (up 1.79%), the BSE Oil & Gas index (up 1.73%), the BSE Metal index (up 1.05%), the BSE Consumer Durables index (up 0.7%), the BSE HealthCare index (up 0.44%), the BSE Teck index (up 0.07%), and the BSE IT index (down 0.05%), underperformed the Sensex.

From 30-share Sensex pack, 28 stocks rose and only two fell. The market breadth, indicating the overall health of the market, was positive. On BSE, 1,438 shares gained and 1,013 shares fell. A total of 165 shares were unchanged.