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Dear Readers,
It was a directionless day of trade in the Indian market which appeared uncertain ahead of the RIL quarterly results and RBI credit policy tomorrow and therefore, traded volatile and weak. Sectors like realty, auto and banking stocks came under selling pressure while some buying was seen in technology.
Sensex shut shop at 18020, down 110 points and Nifty at 5418, down 30 points from the previous close. CNX Midcap index was down 0.8% and BSE Smallcap index was also down 0.8%. The market breadth was negative with advances at 376 against declines of 911 on the NSE.
Top Nifty gainers included Bharti Airtel, Cairn India and Ambuja Cements while losers included Maruti Suzuki, Hero Honda and JP Associates.
Stock To Buy:
Buy Edserv Softsystems Ltd above 202.50 tgt 204.50-208-210 sl 200.50
Stock To Watch:
Buy TATA Steel above 533 tgt 538-547-551 sl 528
Nifty:
Support1 = 5403
Support2 = 5388
Support3 = 5358
Resistance1 = 5448
Resistance2 = 5478
Resistance3 = 5493 |
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| TODAYS PERFORMANCE |
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| 26th July 2010 |
| Scrip |
Reco Price |
Call Initiated |
Target Price |
Position squared |
Profit/Loss |
| ICICI Bank |
Above 913 |
918.80 |
922-940 |
926.40 |
827.17 |
| ICICI Bank |
Above 913 |
918.80 |
922-940 |
926.40 |
827.17 |
| ELECON |
above 90 |
90.25 |
91-94 |
92.80 |
2,825.48 |
| ELECON |
above 90 |
90.25 |
91-94 |
92.80 |
2,825.48 |
| Vaibhav Gems |
CMP (41) |
41.00 |
42-43 |
41.65 |
1,585.37 |
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FOR FREE STOCK TIPS Add indianmoney11@yahoo.com on yahoo messenger
(kindly register before adding our yahoo id) |
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| NEWS |
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| Corporate News |
- Mahindra Holidays Q1 net drops 61 pc
- LIC may back Keshub's re-election at M&M AGM
- SAIL to invest Rs 100 cr to revive Malvika Steel
- Ultratech Cement gets high courts' nod for Samruddhi merger
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| Economic News |
- Oil eases further below $79, awaits US numbers
- 25 bps hike in key rates not enough to deal with inflation: Chetan Ahya
- RBI may need to get more aggressive
- India's fertiliser demand to rise by 5 pc in FY11: IFFCO
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| Economic News |
- Oil eases further below $79, awaits US numbers
- 25 bps hike in key rates not enough to deal with inflation: Chetan Ahya
- RBI may need to get more aggressive
- India's fertiliser demand to rise by 5 pc in FY11: IFFCO
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| UPDATES |
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Indicies Value Change
Hang Seng 20,839.91 +24.58
Nikkei 9,503.66 +72.70
Nasdaq 2,269.47 +23.58
Dow Jone 10,424.62 +102.32
sensex 18,020.05 -110.93
nifty 5,418.60 -30.50 |
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