PERFORMANCE :23.12.2009
SHORT NILKAMAL SUPER HIT
BUY INDIAN BANK: SUPER HIT
PFC : COST 2 COST
NTPC :MADE HUGE PROFIT
PRAJ IND:GOOD PROFIT
RIL: SUPER HIT
STERLITE :SUPER HIT
HINDALCO:SUPER HIT
MARKET VIEW FOR 24.12.2009
After opening with a marginal positive gap, the markets surged on the
back of strong cues from the global markets. The Finance Minister's
comments - on GDP growth forecast and continuation of the stimulus till
Budget - fimed up markets further. The Finance Minister reiterated that
the economy's growth will be at the earlier projected rate of 7.75%. The
Sensex soared over 500 points to regain the 17,000 level after six trading
days. Looks like Santa Claus is coming around riding Dalal Street as the
Christmas season finally brings in some cheer for traders and investors.
Bombay Stock Exchange’s Sensex ended at 17236.36, up 544.36 points or 3.26 per cent. The 30- share index hit intraday high of 17252.09 and low of 16723.96. National Stock Exchange’s Nifty
was closed 5146.60, up 160.75 points or 3.22 per cent. The broader index touched a high of
5150.60 and low of 4990.05.Market breadth was positive on the BSE with 1874 advances and
954 declines.
All sectoral indices were in the green as the metal index shone. The index jumped 4% to 17,075.
Oil & gas, power, IT and capital goods gained over 3% each.Reliance was the star performer in
trades today and surged 4.6% to Rs 1,066. Other heavyweight - Infosys, ICICI Bank and Larsen & Toubro rallied 3-4% each.Metal stocks shone. Hindalco soared 8% to Rs 153. Sterlite surged 5% to Rs 847. Tata Steel added 4.5% to Rs 603.PSU stock NTPC advanced 7% to Rs 230. Relaty
stocks - Jaiprakash Associates, Reliance Infrastructure and DLF jumped. Other gainers included
BHEL, Mahindra & Mahindra, HDFC, Tata Motors, TCS and ITC. Reliance Communications, SBI, Wipro, Grasim, Maruti Suzuki and ONGC moved up 1-2% each.
NIFTY TREND: Next resistance for nifty was 5180, 5230 down side it takes support at
5130, 5100, 5030.
Stock to watch: ESCORTS BUY AT CURRENT LEVELS WITH A STOP LOSS OF 115, FIRST
TARGET135 Rs, SECOND TARGET 150 . COMPANY IS GOING TO POST EXCELENT RESULTS ON SUNDAY.
back of strong cues from the global markets. The Finance Minister's
comments - on GDP growth forecast and continuation of the stimulus till
Budget - fimed up markets further. The Finance Minister reiterated that
the economy's growth will be at the earlier projected rate of 7.75%. The
Sensex soared over 500 points to regain the 17,000 level after six trading
days. Looks like Santa Claus is coming around riding Dalal Street as the
Christmas season finally brings in some cheer for traders and investors.
Bombay Stock Exchange’s Sensex ended at 17236.36, up 544.36 points or 3.26 per cent. The 30- share index hit intraday high of 17252.09 and low of 16723.96. National Stock Exchange’s Nifty
was closed 5146.60, up 160.75 points or 3.22 per cent. The broader index touched a high of
5150.60 and low of 4990.05.Market breadth was positive on the BSE with 1874 advances and
954 declines.
All sectoral indices were in the green as the metal index shone. The index jumped 4% to 17,075.
Oil & gas, power, IT and capital goods gained over 3% each.Reliance was the star performer in
trades today and surged 4.6% to Rs 1,066. Other heavyweight - Infosys, ICICI Bank and Larsen & Toubro rallied 3-4% each.Metal stocks shone. Hindalco soared 8% to Rs 153. Sterlite surged 5% to Rs 847. Tata Steel added 4.5% to Rs 603.PSU stock NTPC advanced 7% to Rs 230. Relaty
stocks - Jaiprakash Associates, Reliance Infrastructure and DLF jumped. Other gainers included
BHEL, Mahindra & Mahindra, HDFC, Tata Motors, TCS and ITC. Reliance Communications, SBI, Wipro, Grasim, Maruti Suzuki and ONGC moved up 1-2% each.
NIFTY TREND: Next resistance for nifty was 5180, 5230 down side it takes support at
5130, 5100, 5030.
Stock to watch: ESCORTS BUY AT CURRENT LEVELS WITH A STOP LOSS OF 115, FIRST
TARGET135 Rs, SECOND TARGET 150 . COMPANY IS GOING TO POST EXCELENT RESULTS ON SUNDAY.
FOR TRAIL CAN ADD ID team_eqr or send ur id by sms at 09716878651
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