Sensex

Friday, August 31, 2007

$$ DreamGains !! $$ FW: Sharekhan Post-Market Report dated August 31, 2007

 

 

From: The Sharekhan Research Team [mailto:marketwatch@research.sharekhan.com]
Sent: 31 August 2007 15:10
To: The Sharekhan Research Team
Subject: Sharekhan Post-Market Report dated August 31, 2007

 

 

 Sharekhan's daily newsletter

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August 31, 2007

 

Index Performance

Index

Sensex

Nifty

Open

15,131.36

4,412.60

High

15,350.91

4,471.30

Low

15,131.36

4,403.00

Today's Cls

15,318.60

4,464.00

Prev Cls

15,121.74

4,412.30

Change

196.86

51.70

% Change

1.30

1.17

 

Market Indicators

Top Movers (Group A)

Company

Price 
(Rs)

%
chg

Gainers

Hinduja TMT

395.05

10.30

Nicholas Piramal

270.00

7.83

TVS Motor

65.75

7.79

Tata Elxsi

313.40

6.94

Chambal Fertilisers

49.85

6.75

Losers

GMDC

911.70

-3.19

Ramco Systems

144.70

-2.20

IVR Prime

374.35

-1.73

Dabur India

100.85

-1.56

Hexaware

121.45

-1.54

Market Statistics

-

BSE

NSE

Advances

1,640

732

Declines

1,060

385

Unchanged

73

28

Volume(Nos)

37.58cr

59.83cr

 Market Commentary 

Buoyancy lifts Sensex past 15,300

The Sensex maintained its upward bias for the sixth straight session and gained 197 points to close above 15,300.

The market extended its longest winning streak for the sixth consecutive session on firm Asian indices, and the strong buying support  

 

from investors kept the sentiment bullish for the better part of the day. After registering over 950 points growth from last five sessions, the Sensex opened flat but swiftly moved past 15,300 mark in early trades to touch the intra-day high of 15,351. The market largely remained unchanged above 15,300 despite good GDP numbers and slide in inflation. However, buoyancy in heavyweight, metal, oil and auto stocks kept the Sensex upbeat. The Sensex finally ended the session with a gain of 197 points at 15,319, while the Nifty added 52 points to close at 4,464.

The breadth of the market was positive. Of the 2,773 stocks traded on the BSE, 1,640 stocks advanced, 1,060 stocks declined and 73 stocks ended unchanged. Among the sectoral indices the BSE Metal index jumped 2.38% at 11,566 followed by the BSE Oil & Gas index (up 2.30% at 8,160), the BSE Auto index (up 2.12% at 4,878), the BSE PSU index (up 2.11% at 7,095) and the BSE HC index (up 2.05% at 3,573).

Most of the heavyweights ended at higher levels. Among the blue chips, M&M shot up by 5.02% at Rs709, Tata Steel soared 4.92% at Rs690, NTPC surged 4.27% at Rs173, Maruti Udyog advanced by 4.13% at Rs868, Ranbaxy added 3.53% at Rs391, HLL moved up 3.09% at Rs209, Tata Motors scaled up 2.93% at Rs702 and Reliance Industries was up 2.73% at Rs1,960. Among the laggards, HDFC Bank at Rs1,171, Bajaj Auto at Rs2,345, HDFC at Rs1,976, Hindalco at Rs158, Grasim at Rs2,936 and Infosys at Rs1,855 closed marginally lower.

Metal stocks were in the limelight and closed with strong gains. Bhushan Steel jumped 15.12% at Rs760, Welspun Gujarat soared 5.50% at Rs247, Jindal Stainless surged 4.41% at Rs165, JSW Steel added 3.94% at Rs642, Hindustan Zinc gained 3% at Rs721 and Jindal Steel advanced by 2.99% at Rs3,941.

Over 3.03 crore Nagarjuna Fertilisers shares changed hands on the BSE followed by IKF Technologies (2.23 crore shares), Ispat Industries (1.65 crore shares), IFCI (1.52 crore shares) and Tata Teleservices (1.32 crore shares).

Reliance Industries clocked a turnover of Rs232 crore on the BSE followed by Tata Steel (Rs128 crore), Nagarjuna Fertilisers (Rs117 crore), SBI (Rs112 crore) and Purvankara Projects (Rs111 crore).

European Indices at 16:10 IST on 31-08-2007

Index

Level

Change (pts)

Change (%)

FTSE 100

6255.20

43.20

0.70

CAC 40 Index

5650.25

57.72

1.03

DAX Index

7556.72

36.78

0.49

Asian Indices at close on 31-08-2007

Index

Level

Change (pts)

Change (%)

Nikkei 225

16569.09

415.27

2.57

Hang Seng

23984.14

499.60

2.13

Kospi Index

1873.24

31.54

1.71

Straits Times

3392.91

71.76

2.16

Jakarta Composite Index

2194.34

43.62

2.03

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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: 31 August 2007 09:21
To: alerts@poweryourtrade.com
Subject: PowerYourTrade Trading Calls

 

Trading Calls for 31st August 2007

Ashwani Gujral

Buy Axis Bank with stop loss of Rs 575 for targets of Rs 665 and Rs 800

Buy Axis Bank with stop loss of Rs 575 for targets of Rs 665 and 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.

Buy ACC with stop loss of Rs 1000 for target of Rs 1160

Buy ACC with stop loss of Rs 1000 for target of Rs 1160.

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 Bajaj Auto with stop loss below 2344 for target of Rs 2395 and Rs 2410. This is a day trading recommendation.

Buy Bajaj Auto with stop loss below 2344 for target of Rs 2395 and Rs 2410. 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

Buy Maruti Udyog below Rs 845 with stop loss of Rs 833. This is a day trading recommendation.

Buy Maruti Udyog below Rs 845 with stop loss of Rs 833. This is a day trading recommendation.

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, 31st 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 Jaiprakash Hydro below Rs 49.25 with stop loss of Rs 48.25. This is a day trading recommendation.

Buy Jaiprakash Hydro below Rs 49.25 with stop loss of Rs 48.25. This is a day trading recommendation.

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, 31st 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.

 

 

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