21.01.2014

Daily Nifty View Spot Closed 6303.95, Sustaining Above 6340--6345 We May C 6368 / 6385 On Upside And Below 6270-6265 Sustaining Nifty We May C 6245-6220, Most Probably Nifty Spot Range 6268-6342.

MAGIC NUMBER NIFTY FO 6292.11 !

Tuesday, 21 January 2014 : Ashok Leyland, Colgate-Palmolive (India), Kotak Mahindra Bank, Tata Coffee, Thermax and Torrent Pharma will announce their October-December 2013 earnings.


News of the day:

Key benchmark indices edged higher after Reserve Bank of India (RBI) announced Open Market Operations to ease the strain on liquidity in the banking system and as investors welcomed Bharatiya Janata Party's (BJP's) prime ministerial candidate Narendra Modi's economic vision for India in a speech delivered on Sunday, 19 January 2014. The barometer index, the S&P BSE Sensex, was provisionally up 129.26 points or 0.61%, off close to 30 points from the day's high and up about 190 points from the day's low. The market breadth, indicating the overall health of the market, once again turned positive from negative in late trade. Indian stocks snapped 2-day losing streak today, 20 January 2014.

Stock Specific news:

• HCL Technologies joins Rs 1 trillion market capitalization club.
• Reliance MediaWorks surges on delisting plan.
• Coal India: Investors continue to bet despite stock went ex-dividend.
• Sterlite to take up Rs 2,500-cr expansion plan in Tamil Nadu.
• Kajaria Ceramics Q3 net up 18% to Rs 29 cr.
• UltraTech’s Q3 net dips 39% to Rs 370 cr.
• Silver up 0.1% on higher global trend.
• Nickel down 0.8% on lower global trend.
• MCX-SX exchange kicks off interest rate futures.
• Subex wins 5 deals worth $10 million.

NSE STATS :

BSE STATS :

The total turnover on BSE amounted to Rs 1818 crore, lower than Rs 3133.56 crore on Friday, 17 January 2014. The market breadth, indicating the overall health of the market, once again turned positive from negative in late trade. On BSE, 1,407 shares rose and 1,238 shares fell. A total of 152 shares were unchanged. Earlier, the market breadth had turned negative from positive in mid-afternoon trade.

TRADING CALLS :

BUY TATACOMM CMP 299.50 SL 294 TGT 304.50 / 309

BUY BOI 237 SL 233 TGT 240 / 244.50

BUY DABUR IND 169.50 SL 167 TGT 172.50 / 175

SELL GAIL BELOW 348 SL 353 TGT 344.50 / 340

SELL CESC 439 SL 445 TGT 435.50 / 430