Daily Nifty View Spot Closed 6162.25, Sustaining Above 6205-6215 We May C 6236--6258 On Upside And Below 6120-6110 Sustaining Nifty We May C 6088-6062.
News of the day:
Key benchmark indices edged higher in early trade on firm Asian stocks. A sudden slide took key benchmark indices to negative zone from positive zone in morning trade. Key benchmark indices trimmed losses after hitting their lowest level in nearly three weeks in morning trade. A brief intraday recovery proved short-lived as the key benchmark indices weakened once again in early afternoon trade. A recovery in mid-afternoon trade helped key benchmark indices recoup almost entire intraday losses. Intraday recovery in mid-afternoon trade proved short lived as the Sensex weakened again in late trade. NSE’s INDIA VIX, was down 1.09% level, at 16.32. Amongest the Indices CNX SMALLCAP was down 0.47% closed at 3,419.15.
Stock Specific news:
ONGC-OIL pay $2.47 bn to Videocon Group
JSW Steel promoter hikes stake in company
NMDC production up 37%, dispatches higher at 40% in Q3
Hindustan Motors plans to raise Rs 150 cr by diluting stake inChennai plant
Financial Technologies hits five-month high, stock surges 45% in three days
Nickel moves up 0,13% on rising demand
MCX gains on stake hike by Blackstone
Copper up 0.14% on global cues
Markets open higher on firm Asian cues, ICICI Bank up 1.5%Sharon Bio-Medicine rallies on bonus issue, stock split plans.
The total turnover on BSE amounted to Rs 2338 crore, lower than Rs 2387.70 crore on Monday, 6 January 2014. The market breadth, indicating the overall health of the market, was positive. On BSE, 1,289 shares gained and 1,246 shares declined. A total of 144 shares were unchanged. Among the 30-share Sensex pack, 19 stocks declined and rest of them gained.
NOTE : AFTER 1ST TGT HIT KINDLY REVISED SL TO COST PRICE !
CALLS
BUY RIL IND 840 SL 832 TGT 849 / 859
BUY JINDAL STEEL 256.50 SL 253 TGT 259 / 263
SELL LIC BELOW 207 SL 210 TGT 204.50 / 201.
DISCLAIMER : THE AUTHOR IS NOT RESPONSIBLE FOR ANY LOSSES DURING ANY TRADE
No comments:
Post a Comment