11.12.2013

Key benchmark indices edged lower in choppy trade on heightened speculation that the Federal Reserve may be about to start cutting back on its stimulus program. The US central bank currently buys bonds worth $85 billion a month in a bid to hold interest rates low and encourage economic growth in the world's biggest economy. Fed's bond-buying program has been a source of liquidity for most Asian and emerging markets this year. The barometer index, the S&P BSE Sensex, was provisionally down 76.39 points or 0.36%, up close to 75 points from the day's low and off about 80 points from the day's high. The market breadth, indicating the overall health of the market, was negative.

NSE’s INDIA VIX, was down 6.16 % level, at 17.98

Amongest the Indices CNX SMALLCAP was dwon 1.11 % closed at 3,226.30

Stock Specific news:
GVK gets federal nod for Abbot Point port development
Crompton Greaves may sell its Canada plant to arrest loss, says report
ONGC to appeal in Supreme Court against Gujarat HC order
Dalmia Securities raises stake in Lanco Industries to 6.87%
Lupin gets USFDA nod to market HIV drug in US market
IOC tops Fortune India 500 list; RIL at second spot
Markets end lower amid consolidation, NTPC dn 11%
Nifty ends below 6,350; NTPC slumps 11%
Sensex down over 100 pts; ICICI Bank, L&T drag
Lupin gains on USFDA nod for generic Trizivir tabs

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

TRADING CALLS 

CASH

BUY HINDALCO ABOVE 126.25 SL 123.50 TGT 128.75 / 131.90

BUY IDEA 177.50 SL 174 TGT 180.50 / 184

BUY MOTHERSON 273 SL 268 TGT 276.75 / 281 

SELL LUPIN 875 SL 890 TGT 866 / 855

SELL GODREJIND 273 SL 277.50 TGT 269.50 / 265 

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