Key benchmark indices edged higher as exit polls on Wednesday, 4 December 2013, predicted a strong showing for the Bharatiya Janata Party (BJP) in the recently concluded assembly elections in four states viz. Rajasthan, Madhya Pradesh, Chhattisgarh and New Delhi. But, the key benchmark indices gave away a portion of the initial strong gains. The barometer index, the S&P BSE Sensex, fell below the psychological 21,000 mark, having alternately moved above and below that level in intraday trade. The Sensex was provisionally up 240.08 points or 1.16%, off close to 215 points from the day's high and up close to 20 points from the day's low. The market breadth, indicating the overall health of the market, was positive. In the foreign exchange market, the rupee strengthened past 62 against the dollar.
Indian stocks snapped two-day losing streak today, 5 December 2013.
NOTE : AFTER 1ST TGT HIT KINDLY REVISED SL TO COST PRICE !
TRADING CALLS
CASH
BUY GAIL 344.50 SL 338 TGT 351 / 357
BUY GODREJ IND 279 SL 274 TGT 284 / 289
BUY ITC LTD 308.50 SL 304 TGT 312.50 / 317
SELL DABUR 163 SL 167 TGT 159 / 155
SELL TATACHEM 273 SL 278 TGT 268 / 262
DISCLAIMER : THE AUTHOR IS NOT RESPONSIBLE FOR ANY LOSSES DURING ANY TRADE THIS IS MY VIEW !!
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