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Dear Readers,
It was an eventful day for the Indian market which was marked by domestic news flows. It opened flat and traded quiet for most part of the morning, but picked up steam in the second half following the monetary policy announcement by the RBI. Post this the rate sensitive sectors gained momentum and realty, auto plus IT saw good buying interest. However, capital goods was a big loser in trade today.
Sensex shut shop at 18077, up 57 points and Nifty at 5430, up 12 points from the previous close. CNX Midcap index was up 0.2% and BSE Smallcapindex was down 0.03%. The market breadth was negative with advances at 584 against declines of 680 on the NSE.
Top Nifty gainers were Mahindra & Mahindra, Hero Hondaand ACC while losers included L&T, ABB and GAIL.
Stock To Buy:
Buy Reliance Industries Ltd above 1055 tgt 1065-1090 sl 1045
Stock To Watch:
Buy Sesa Goa Ltd above 369 tgt 372-379 sl 355.50
Nifty:
Support1 = 5409
Support2 = 5385
Support3 = 5360
Resistance1 = 5458
Resistance2 = 5483
Resistance3 = 5507
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| TODAYS PERFORMANCE |
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| 27th July 2010 |
| Scrip |
Reco Price |
Call Initiated |
Target Price |
Position squared |
Profit/Loss |
| L&T |
below 1919 |
1,919.00 |
1901-1885 |
1885 |
1,771.76 |
| L&T |
below 1919 |
1,919.00 |
1901-1885 |
1885 |
1,771.76 |
| NIFTY |
above 5422 |
5,422.00 |
5438-5448 |
5448 |
23.98 |
| McNally Bharat Engineering Company Ltd |
below 311.20 |
311.20 |
309.30-303 |
309.15 |
658.74 |
| Hindzinc |
above 991 |
991.00 |
1000-1015 |
1001.10 |
1,019.17 |
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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 |
- RBI hikes key rates: Bankers, India Inc irked
- ONGC, PetroVietnam to bid for BP's Vietnam asset
- Ashok Leyland Q1 net profit jump 16-fold
- RBI hikes short term rates to tame inflation
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| Economic News |
- Orissa govt begins land acquisition for Posco steel project
- No plans to hike FDI cap in defence sector-min
- Industry fears RBI's move will impede industrial growth
- Half of petrol price, third of diesel due to taxes: Prasada
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| Global News |
- Europe banks seen raising signficant capital -survey
- Ford rolls out new Explorer with marketing bang
- BP's Hayward quits as spill cost put at $32 billion
- China clean power capacity to hit 600 GW by 2020 -grid
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| UPDATES |
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Indicies Value Change
Hang Seng 20,973.39 +133.48
Nikkei 9,496.85 -6.81
Nasdaq 2,296.43 +26.96
Dow Jone 10,525.43 +100.81
sensex 18,077.61 +57.56
nifty 5,430.60 +12.00 |
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