29.11.2013

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 6030.30, Closed 6091.85.

Sensex undergoes wild swing in late trade

High volatility was witnessed as key benchmark indices regained strength soon after trimming intraday gains in mid-afternoon trade. The market was volatile as traders rolled over positions in the futures & options (F&O) segment from the near month November 2013 series to December 2013 series. The near month November 2013 derivatives contracts expired today, 28 November 2013. The market breadth, indicating the overall health of the market, was positive. The barometer index, the S&P BSE Sensex was provisionally up 145.83 points or 0.71%, up close to 105 points from the day's low and off close to 40 points from the day's high. Gains in Asian and European stocks underpinned sentiment on the domestic bourses. Asian and European stocks rose after US employment and consumer confidence reports boosted optimism in the world's largest economy.

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

TRADING CALLS 

CASH

BUY GLENMARK 506 SL 498 TGT 513 / 521

BUY HUL 590 SL 583 TGT 596 / 604

BUY JINDAL STEEL 255.50 SL 250 TGT 259 / 264

SELL CIPLA 380 SL 386 TGT 375 / 370

SELL TITAN 228 SL 233 TGT 225 / 218

SELL ITC 314 SL 319 TGT 309 / 304

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

The total turnover on BSE amounted to Rs 2234 crore, higher than Rs 1828.15 crore on Wednesday, 27 November 2013.

The market breadth, indicating the overall health of the market, was positive. On BSE, 1,442 shares rose and 1,032 shares dropped. A total of 189 shares were unchanged.

The BSE Mid-Cap index rose 0.81% and the BSE Small-Cap index gained 0.92%. Both these indices outperformed the Sensex.

The BSE Capital Goods index (up 1.92%), the BSE Realty index (up 1.4%), the BSE Power index (up 1.37%), the BSE Metal index (up 0.95%), the BSE Oil & Gas index (up 0.89%), the BSE PSU index (up 0.74%) outperformed the Sensex.

The BSE Teck index (up 0.53%), the BSE IT index (up 0.48%), the BSE Consumer Durables index (up 0.48%), the BSE Auto index (up 0.36%), the BSE HealthCare index (up 0.33%), the BSE Bankex (up 0.1%) and the BSE FMCG index (down 0.1%) underperformed the Sensex.