Sensex

Friday, August 03, 2007

$$ DreamGains !! $$ FW: Sharekhan Post-Market Report dated August 03, 2007

 

 

From: The Sharekhan Research Team [mailto:marketwatch@research.sharekhan.com]
Sent: 03 August 2007 15:34
To: The Sharekhan Research Team
Subject: Sharekhan Post-Market Report dated August 03, 2007

 

 

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August 03, 2007

 

Index Performance

Index

Sensex

Nifty

Open

15,061.13

4,355.75

High

15,235.51

4,428.10

Low

15,061.13

4,355.75

Today's Cls

15,138.40

4,401.55

Prev Cls

14,985.70

4,356.35

Change

152.70

45.20

% Change

1.02

1.04

 

Market Indicators

Top Movers (Group A)

Company

Price 
(Rs)

%
chg

Gainers

Lanco Infra

259.70

12.50

GMR Infra

832.20

8.46

Aditya Birla Nuvo

1,493.70

6.89

i-flex

2,169.00

6.53

Exide Industries

58.15

6.50

Losers

iGate Global 

237.00

-3.32

Sun TV

378.50

-2.41

JSW Steel

679.80

-2.02

CMC

1,068.45

-2.00

Jindal Steel

3,990.00

-1.69

Market Statistics

-

BSE

NSE

Advances

1,538

719

Declines

1,002

389

Unchanged

68

30

Volume(Nos)

24.52cr

36.08cr

 Market Commentary 

Sensex ends firm on lower inflation numbers

After exhibiting considerable volatility during intra-day trades, the Sensex ended firm at 15,138, up 153 points.

The market continued its winning trend for the second consecutive session. Today, the market opened 75 points higher tracking the positive global cues and remained  

 

above 15,200 level for the major part of the session.  Sustained buying thereafter in capital goods, cement and banking stocks helped the Sensex touch the intra-day high of 15,236, up 250 points to its previous close. The index also received support from State Bank of India and ACC. The market remained firm in mid-session trades on lower inflation numbers as inflation declined to 4.36% during the week ended July 21 as compared with 4.41% for the previous week as some essential food items like pulses, fruits and eggs turned cheaper. However, the market slipped towards the close on profit bookings in select frontline stocks and ended the session at 15,138, up 153 points. The broad based Nifty closed the session at 4,402 by adding 45 points.

The market breadth was positive. Of the 2,608 stocks traded on the BSE, 1,538 stocks advanced, 1,002 stocks declined and 68 stocks ended unchanged. All the sectoral indices ended higher. The BSE Realty index gained 2.15%, followed by the BSE CD index (up 2.09%), the BSE PSU index (up 1.56%) and the BSE CG index (up 1.44%). 

Movers & Shakers

  • Era Constructions surged after bagging a contract from NTPC worth Rs136 crore.
  • Steel Strips Wheels moved up on achieving highest ever production of 4.30 lakh wheel rims during July 2007.
  • Apar Industries closed with marginal gains on bagging large export orders for aluminum conductors worth Rs111.50 crore.
  • Punj Lloyd gained on signing a MoU with Ramprastha Group for the development of multi-storied residential housing in Ghaziabad.
  • Accentia Technologies soared on receiving an order worth €2.1 million for its custom designed hospital process management suite.


Among the heavyweights, SBI soared 2.72% at Rs1,636, NTPC advanced 2.34% at Rs166, HDFC added 2.24% at Rs1,989, ACC scaled up 2.06% at Rs1,003, Grasim rose 1.78% at Rs1,961 and Hindalco jumped 1.75% at Rs162. Tata Steel, Maruti Udyog, ICICI Bank and Bajaj Auto gained over 1% each. Among the laggards Ranbaxy dropped 1.40% at Rs366, Dr Reddy's Lab lost 1.28% at Rs623, Ambuja Cement, Bharti Airtel, Reiance Industries and HDFC Bank were marginally down.

Realty stocks registered strong gains. Indiabulls Real Estate surged 4.96% at Rs538, Peninsula Land advanced 3.94% at Rs441, Akruti Nirman gained 2.78% at Rs551 and DLF soared 2.66% at Rs602. 

Over 2.66 crore IFCI shares changed hands on the BSE followed by Reliance Natural Resources (83.76 lakh shares), Simplex Projects (67.19 lakh shares), Reliance Petroleum (42.32 lakh shares) and Manglore Chemicals (38.30 lakh shares).

Reliance Industries was the most actively traded counter on the BSE with a turnover of Rs193 crore followed by Simplex Projects (Rs188 crore), IFCI (Rs158 crore), GMR Infrastructure (Rs154 crore) and Unitech (Rs146 crore).  

European Indices at 16:20 IST on 03-08-2007

Index

Level

Change (pts)

Change (%)

FTSE 100

6276.00

-24.30

-0.39

CAC 40 Index

5655.22

-26.85

-0.47

DAX Index

7520.25

-13.88

-0.18

Asian Indices at close on 03-08-2007

Index

Level

Change (pts)

Change (%)

Nikkei 225

16979.86

-4.25

-0.03

Hang Seng

22538.44

95.19

0.42

Kospi Index

1876.80

23.73

1.28

Straits Times

3436.04

0.58

0.02

Jakarta Composite Index

2269.79

-1.06

-0.05

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$$ DreamGains !! $$ FW: PowerYourTrade Trading Calls

 

 

From: mailer9-bounces@mailman3.moneycontrol.com [mailto:mailer9-bounces@mailman3.moneycontrol.com] On Behalf Of PowerYourTrade
Sent: 03 August 2007 09:02
To: alerts@poweryourtrade.com
Subject: PowerYourTrade Trading Calls

 

Trading Calls for 03rd August 2007

Ashwani Gujral

Buy Kotak Mahindra Bank with stop loss of Rs 700 for target of Rs 900.

Buy Kotak Mahindra Bank with stop loss of Rs 700 for target of Rs 900.

Disclosure: Neither me, nor my family nor our clients have any position in the above stock. However we run a substantial newsletter, chatroom and money mgmt business and this can change at any time in the future.

Buy Tata Power with stop loss of Rs 650 for target of Rs 800.

Buy Tata Power with stop loss of Rs 650 for target of Rs 800.

Disclosure: Neither me, nor my family nor our clients have any position in the above stock. However we run a substantial newsletter, chatroom and money mgmt business and this can change at any time in the future.

 

 

Rajat K Bose

Buy Dr Reddy's Labs with stop loss below Rs 622 for targets of Rs 640, Rs 647 and Rs 653.This is a day trading recommendation.

Buy Dr Reddy's Labs with stop loss below Rs 622 for targets of Rs 640, Rs 647 and Rs 653.This is a day trading recommendation.

Note: Either on the long side or on the short side if at any moment a counter is not moving beyond an initial or interim target to the final target book profits. Once initial target is crossed, you can use that as your trailing stop-loss level.

Notes:

·  All prices relate to the NSE, unless otherwise mentioned.

·  Calls are based on the previous trading day's price activity.

·  The call is valid for the next trading session only unless otherwise mentioned.

·  Stop-loss levels are given so that there is a level below/above, which the market will tell us that the call has gone wrong. Stop-loss is an essential risk control mechanism; it should always be there.

·  Trading involves considerable risk. Trade at your own risk to the extent you are comfortable. The analyst shall not be responsible for any losses incurred for acting on these recommendations.

Disclosure:The analyst and his family do not have any trades in the securities recommended above at the time of giving this recommendation. His newsletter clients have been recommended the same along with other picks. Traders are requested to adhere to the stop losses very strictly; they are given to be implemented, not ignored. Do not chase a security and take a position where you would be uncomfortable with the stop-loss level. Take a position only when you feel that the risk-reward ratio looks comfortable and favourable for the trade.

Buy Aurobindo Pharma, with stop loss below Rs 619 for targets of Rs 644 and Rs 657. This is a day trading recommendation.

Buy Aurobindo Pharma, with stop loss below Rs 619 for targets of Rs 644 and Rs 657. This is a day trading recommendation.

Note: Either on the long side or on the short side if at any moment a counter is not moving beyond an initial or interim target to the final target book profits. Once initial target is crossed, you can use that as your trailing stop-loss level.

Notes:

·  All prices relate to the NSE, unless otherwise mentioned.

·  Calls are based on the previous trading day's price activity.

·  The call is valid for the next trading session only unless otherwise mentioned.

·  Stop-loss levels are given so that there is a level below/above, which the market will tell us that the call has gone wrong. Stop-loss is an essential risk control mechanism; it should always be there.

·  Trading involves considerable risk. Trade at your own risk to the extent you are comfortable. The analyst shall not be responsible for any losses incurred for acting on these recommendations.

Disclosure:The analyst and his family do not have any trades in the securities recommended above at the time of giving this recommendation. His newsletter clients have been recommended the same along with other picks. Traders are requested to adhere to the stop losses very strictly; they are given to be implemented, not ignored. Do not chase a security and take a position where you would be uncomfortable with the stop-loss level. Take a position only when you feel that the risk-reward ratio looks comfortable and favourable for the trade.

 

 

Deepak Mohoni

Short sell SRF above Rs 136 with stop loss of Rs 138.50. This is a day trading recommendation.

Short sell SRF above Rs 136 with stop loss of Rs 138.50. This is a day trading recommendation.

These are intra-day trading recommendations. Use trailing stops once the position is taken. The extreme price of the previous 45-90 minutes at any time can be used as the trailing stops.

I have no position in any of these stocks at the time of writing (0955 hours, 03rd Aug 2007), nor am I aware of any family members or clients holding positions in these stocks. The stocks may or may not have been recommended as buys and/or short sales in the last two months, but that is irrelevant since these are purely day-trading recommendations.

Buy IFCI below Rs 57 with stop loss of Rs 55.50. This is a day trading recommendation.

Buy IFCI below Rs 57 with stop loss of Rs 55.50. This is a day trading recommendation.

These are intra-day trading recommendations. Use trailing stops once the position is taken. The extreme price of the previous 45-90 minutes at any time can be used as the trailing stops.

I have no position in any of these stocks at the time of writing (0955 hours, 03rd Aug 2007), nor am I aware of any family members or clients holding positions in these stocks. The stocks may or may not have been recommended as buys and/or short sales in the last two months, but that is irrelevant since these are purely day-trading recommendations.

 

E Mathew

Buy Kotak Mahindra Bank with stop loss of Rs 745 for short-term target of Rs 835.

Buy Kotak Mahindra Bank with stop loss of Rs 745 for short-term target of Rs 835.

Disclaimer: - I, my family members and my group companies do not have any position what so ever in KOTAK MAHINDRA BANK. This stock has been recommended to our clients and they may be holding long or short positions in this stock.

Mathew Easow and matheweasow.com gives an unbiased and competent picture of trading opportunities and it does that to the best of its abilities. However, prices can move up as well as down due to number of factors, all of which are impossible for anyone to foresee. THEREFORE, Mathew Easow and matheweasow.com cannot accept any responsibility for any investment decision or trading decision taken by readers and clients on the basis of information contained herein.

Short Term Target Means - Approximately 3 Months.

Medium Term Target Means - Anything between 7 - 9 Months.

Long Term Target Means - Anything above 1 Year.

Please follow stop losses very strictly and do not take positions where one is uncomfortable with the stop loss level. Above all Buy or Sell the stock only when the risk - reward ratio vis-a-vis the stop loss is favourable for taking a position.

 

 

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