Key benchmark indices edged higher after witnessing immense volatility during the last one hour of the trading session as traders rolled over positions in the futures & options (F&O) segment from the near month December 2013 series to January 2014 series. The December 2013 derivatives contracts expired today, 26 December 2013. The market breadth, indicating the overall health of the market, was strong. The barometer index, the S&P BSE Sensex, was provisionally up 39.51 points or 0.19%, up close to 60 points from the day’s low and off about 65 points from the day’s high. NSE’s INDIA VIX, was down 4.49 % level, at 14.88. Amongest the Indices CNX SMALLCAP was up 1.08% closed at 3,392.75.
The total turnover on BSE amounted to Rs 1926 crore, lower than Rs 2052.20 crore on Tuesday, 24 December 2013.The market breadth, indicating the overall health of the market, was strong. On BSE, 1,629 shares gained and 902 shares fell. A total of 129 shares were unchanged. Among the 30-share Sensex pack, 16 stocks declined and rest of them rose.
Stock Specific news:
UltraTech Cement gets EAC clearance to set up a facility in Tamil Nadu
Bajaj Corp forms new unit to trade skin and hair care products
Is it time to wind up DVC, asks NTPC chie
CCEA approves Axis Bank and power companies’ proposals
Nifty hovers around 6,280; Tata Power up 3%
Silver futures up 0.1% on global cues
Crude palm oil down 0.3% on global cues
Nickel up 0.3% amid a firming trend
Crude oil up 0.4% on overseas cues
ONGC gains on hopes of lower subsidy burden
UltraTech Cement gets EAC clearance to set up a facility in Tamil Nadu
Bajaj Corp forms new unit to trade skin and hair care products
Is it time to wind up DVC, asks NTPC chie
CCEA approves Axis Bank and power companies’ proposals
Nifty hovers around 6,280; Tata Power up 3%
Silver futures up 0.1% on global cues
Crude palm oil down 0.3% on global cues
Nickel up 0.3% amid a firming trend
Crude oil up 0.4% on overseas cues
ONGC gains on hopes of lower subsidy burden
NOTE : AFTER 1ST TGT HIT KINDLY REVISED SL TO COST PRICE !
CALLS
BUY JETAIRWAYS 281 SL 275.50 TGT 284.50 / 288 / 292.50
BUY SOBHA 312.50 SL 307 TGT 316 / 320 / 324.50
BUY ADANI ENT 269 SL 264.50 TGT 272.50 / 276 / 280
SELL IDEA 166 SL 170 TGT 163.50 / 160
SELL IGL BELOW 264 SL 269 TGT 260 / 256.50
DISCLAIMER : THE AUTHOR IS NOT RESPONSIBLE FOR ANY LOSSES DURING ANY TRADE THIS IS MY VIEW !!
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