Nifty Weekly Range For The Week 23rd Dec -- 27th Dec 6180 -- 6368, Either Side Sustaining Will Give More 75 Points More, High 6317.50, Low 6266.95, Closed 6284.50.
Key benchmark indices eked out small gains after witnessing high volatility during the last one hour or so of the trading session. The barometer index, the S&P BSE Sensex, and the 50-unit CNX Nifty, both, settled at over 1-1/2 week high. Shares of a number of small-cap and mid-cap companies rose for the second day in a row, boosted by stock market regulator Securities and Exchange Board of India's (Sebi) announcement on 19 December 2013 that it has decided to rationalize the rules on trading of thinly-traded stocks. BSE Small-Cap and Mid-Cap indices rose more than 1% each, with both these indices outperforming the Sensex. The Sensex garnered 21.31 points or 0.1%, off 106.86 points from the day's high and up 41.91 points from the day's low. The market breadth, indicating the overall health of the market, was strong.
Key benchmark indices eked out small gains after witnessing high volatility during the last one hour or so of the trading session. The barometer index, the S&P BSE Sensex, and the 50-unit CNX Nifty, both, settled at over 1-1/2 week high. Shares of a number of small-cap and mid-cap companies rose for the second day in a row, boosted by stock market regulator Securities and Exchange Board of India's (Sebi) announcement on 19 December 2013 that it has decided to rationalize the rules on trading of thinly-traded stocks. BSE Small-Cap and Mid-Cap indices rose more than 1% each, with both these indices outperforming the Sensex. The Sensex garnered 21.31 points or 0.1%, off 106.86 points from the day's high and up 41.91 points from the day's low. The market breadth, indicating the overall health of the market, was strong.
Stock Specific news:
Biocon’s oral insulin project expected to be delayed further
HCC surges on winning Rs 1,597cr construction project
Market remains rangebound; RIL, ITC up over 1%
Yes Bank gains on raising $150mln from IFC
Bluechips gain ground, but going gets tough for small stocks
Crude palm oil up 0.4% as demand picks up
Silver futures down 0.5% on global cues
Crude oil down 0.1% on mixed Asian cues
Time to book some profits in BHEL, L&T
Zinc down 0.2% on sluggish demand.
Biocon’s oral insulin project expected to be delayed further
HCC surges on winning Rs 1,597cr construction project
Market remains rangebound; RIL, ITC up over 1%
Yes Bank gains on raising $150mln from IFC
Bluechips gain ground, but going gets tough for small stocks
Crude palm oil up 0.4% as demand picks up
Silver futures down 0.5% on global cues
Crude oil down 0.1% on mixed Asian cues
Time to book some profits in BHEL, L&T
Zinc down 0.2% on sluggish demand.
The total turnover on BSE amounted to Rs 2024 crore, lower than Rs 2210.78 crore on Friday, 20 December 2013. The market breadth, indicating the overall health of the market, was strong. On BSE, 1,592 shares gained and 921 shares fell. A total of 169 shares were unchanged. Among the 30-share Sensex pack, 19 stocks gained and rest of them declined.
NOTE : AFTER 1ST TGT HIT KINDLY REVISED SL TO COST PRICE !
CALLS
BUY CROMPTON 133.50 SL 131 TGT 135.50 / 138
BUY BANKOFINDIA 220 SL 215.50 TGT 223.50 / 228
SELL ADANI PORT BELOW 161.50 SL 163.50 TGT 159.25 / 157.50
SELL CAIRN IND 326.50 SL 331 TGT 322.50 / 317
DISCLAIMER : THE AUTHOR IS NOT RESPONSIBLE FOR ANY LOSSES DURING ANY TRADE THIS IS MY VIEW !!
No comments:
Post a Comment