Nifty Weekly Range For The Week 16th Dec -- 20th Dec 6025 -- 6316, Either Side Sustaining Will Give More 100 Points More, High 6263.75, Low 6129.95, Closed 6166.65.
Index heavyweight Reliance Industries (RIL) edged lower in volatile trade. Shares of car maker Maruti Suzuki India hit record high as the Japanese yen touched a five-year low against the dollar overnight on the US Federal Reserve's decision to reduce monetary stimulus for the US economy. Power Grid Corporation of India (PGCIL) fell in volatile trade amid huge volumes as shares allotted in the company's follow-on public offer (FPO) were admitted for trading on the bourses today, 19 December 2013. Bank stocks fell in volatile trade. Capital goods stocks also edged lower. NSE’s INDIA VIX, was down 5.47 % level, at 16.58.
Amongest the Indices CNX SMALLCAP was down 0.09 % closed at 3,205.40.
Index heavyweight Reliance Industries (RIL) edged lower in volatile trade. Shares of car maker Maruti Suzuki India hit record high as the Japanese yen touched a five-year low against the dollar overnight on the US Federal Reserve's decision to reduce monetary stimulus for the US economy. Power Grid Corporation of India (PGCIL) fell in volatile trade amid huge volumes as shares allotted in the company's follow-on public offer (FPO) were admitted for trading on the bourses today, 19 December 2013. Bank stocks fell in volatile trade. Capital goods stocks also edged lower. NSE’s INDIA VIX, was down 5.47 % level, at 16.58.
Amongest the Indices CNX SMALLCAP was down 0.09 % closed at 3,205.40.
Stock Specific news:
Religare Health launches critical illness & accident product
ONGC, Rajahmundry begins direct marketing of gas
SKS Microfinance completes Rs 215 crore securitisation
Copper down 0.1% on global cues
Lead down 0.1% on subdued spot demand
Gold down 0.4% on global cues
Lupin extends gain on launch of HIV drug in US
AIA Engineering surges on settlement agreement with MI
SKS Microfinance gains on completing securitisation deal
IT index hits record high; Infosy, HCL Tech at lifetime high
Crude palm oil up 0.5% as demand picks up
Religare Health launches critical illness & accident product
ONGC, Rajahmundry begins direct marketing of gas
SKS Microfinance completes Rs 215 crore securitisation
Copper down 0.1% on global cues
Lead down 0.1% on subdued spot demand
Gold down 0.4% on global cues
Lupin extends gain on launch of HIV drug in US
AIA Engineering surges on settlement agreement with MI
SKS Microfinance gains on completing securitisation deal
IT index hits record high; Infosy, HCL Tech at lifetime high
Crude palm oil up 0.5% as demand picks up
NOTE : AFTER 1ST TGT HIT KINDLY REVISED SL TO COST PRICE !
TRADING CALLS
CASH
BUY SSLT 204 SL 199.50 TGT 207.50 / 211.50 / 214
BUY DABUR 167.50 SL 164 TGT 170.50 / 173.50 / 178
BUY JINDAL STEEL 250.50 SL 246 TGT 254 / 257.50 / 262
SELL ONGC 274 SL 278.50 TGT 270 / 266.50 / 262
SELL CENTURY TEX BELOW 250.50 SL 254 TGT 246.50 / 242
DISCLAIMER : THE AUTHOR IS NOT RESPONSIBLE FOR ANY LOSSES DURING ANY TRADE THIS IS MY VIEW !!
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