Sensex

Wednesday, October 24, 2007

$$ DreamGains !! $$ FW: Sharekhan Post-Market Report dated October 24, 2007

 

 

From: The Sharekhan Research Team [mailto:marketwatch@research.sharekhan.com]
Sent: 24 October 2007 15:06
To: The Sharekhan Research Team
Subject: Sharekhan Post-Market Report dated October 24, 2007

 

 

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October 24, 2007

 

Index Performance

Index

Sensex

Nifty

Open

18,727.90

5,477.60

High

18,832.49

5,577.90

Low

18,317.17

5,419.40

Today's Cls

18,512.91

5,496.15

Prev Cls

18,492.84

5,473.70

Change

20.07

22.45

% Change

0.11

0.41

 

Market Indicators

Top Movers (Group A)

Company

Price 
(Rs)

%
chg

Gainers

IndusInd Bank

84.75

12.77

Novartis

327.40

12.66

Pidilite

181.75

10.39

Rolta India

650.35

9.76

Suzlon Energy

1,908.75

9.63

Losers

Bank of India

300.05

-4.69

Essel Propack

52.80

-3.83

Indian Bank

145.55

-3.67

EIH

126.60

-3.62

GAIL

393.70

-3.56

Market Statistics

-

BSE

NSE

Advances

1,556

632

Declines

1,176

499

Unchanged

53

34

Volume(Nos)

40.52cr

69.19cr

 Market Commentary 

Indices close flat

The Sensex swung 515 points during intra-day trades and closed with a marginal gain of 20 points.

The market had a flat close as traders continued to book profits ahead of the expiry of October derivative contracts. After a cautious start at 18,728, above 235 points its 

 

previous close, the Sensex came under selling pressure and slipped into the red below the 18,300 mark amid weakness in several Asian indices to touch the day's low of 18,315, down 176 points. The market stabilised by afternoon and continued its northwards journey on healthy buying in heavyweights, consumer durables and metal stocks. The market remained choppy thereafter and moved in a range with a mixed bias. The strong optimism in frontline, metal, consumer durables, and capital good stocks saw the index breach the 18,800 mark and touch an intra-day high of 18,832, up 515 points from the day's low. However, profit bookings at the close saw the Sensex end the session with a marginal gain of 20 points at 18,513, while the Nifty added 22 points to close at 5,496.

The market breadth was positive. Of the 2,785 stocks traded on the Bombay Stock Exchange (BSE), 1,556 stocks advanced, 1,176 stocks declined and 53 stocks ended unchanged. Among the sectoral indices, the CD gained 2.98% while the BSE Metal index, the BSE Realty index and the BSE CG index were up over 2% each. While, the BSE Auto index, the BSE IT index, the BSE Oil & Gas index and the BSE Teck index were marginally down.

Among the heavyweights, Reliance Energy gained 8.58% at Rs1,654, SBI soared 5.25% at Rs1,908, Tata Steel surged 2.23% at Rs915, Hindalco moved up by 2.22% at Rs189, HDFC Bank scaled up 2.20% at Rs1,506, L&T was up 2.16% at Rs3,403, NTPC advanced by 1.82% at Rs221 and Cipla gained 1.71% at Rs197. However, ONGC slipped 3.18% at Rs1,108, followed by Tata Motors, which was down 2.70% at Rs775. Infosys slumped by 2.07% at Rs1,845, Bharti Airtel shed 1.89% at Rs986 and M&M lost 1.85% at Rs760. 

Over 2.75 crore Himachal Futuristic Communication shares changed hands on the BSE followed by Reliance Natural Resources (2.15 crore shares), Reliance Petroleum (1.98 crore shares), Power Grid Corporation (1.61 crore shares) and Tata Teleservices (1.38 crore shares).

Reliance Energy was the most actively traded counter with a turnover of Rs594 crore on the BSE followed by Reliance Petroleum (Rs369 crore), Reliance Industries (Rs287 crore), Reliance Communication (Rs284 crore) and Power Grid Corporation (Rs225 crore).

European Indices at 16:15 IST on 24-10-2007

Index

Level

Change (pts)

Change (%)

FTSE 100

6532.40

18.40

0.28

CAC 40 Index

5706.14

1.09

0.02

DAX Index

7836.15

-6.64

-0.08

Asian Indices at close on 24-10-2007

Index

Level

Change (pts)

Change (%)

Nikkei 225

16358.39

-92.19

-0.56

Hang Seng

29333.53

-43.33

-0.15

Kospi Index

1933.36

-14.62

-0.75

Straits Times

3649.12

-46.18

-1.25

Jakarta Composite Index

2524.98

-28.82

-1.13

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The information contained herein is from publicly available data or other sources believed to be reliable. While we would endeavour to update the information herein on reasonable basis, SHAREKHAN, its subsidiaries and associated companies, their directors and employees (“SHAREKHAN and affiliates”) are under no obligation to update or keep the information current. Also, there may be regulatory, compliance, or other reasons that may prevent SHAREKHAN and affiliates from doing so. We do not represent that information contained herein is accurate or complete and it should not be relied upon as such. This document is prepared for assistance only and is not intended to be and must not alone betaken as the basis for an investment decision. The user assumes the entire risk of any use made of this information. Each recipient of this document should make such investigations as it deems necessary to arrive at an independent evaluation of an investment in the securities of companies referred to in this document (including the merits and risks involved), and should consult its own advisors to determine the merits and risks of such an investment. The investment discussed or views expressed may not be suitable for all investors. We do not undertake to advise you as to any change of our views. Affiliates of Sharekhan may have issued other reports that are inconsistent with and reach different conclusion from the information presented in this report. 
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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: 24 October 2007 09:08
To: alerts@poweryourtrade.com
Subject: PowerYourTrade Trading Calls

 

Trading Calls for 24th October 2007

Ashwani Gujral

Buy Punj Lloyd with a stoploss of Rs 350 for a target of Rs 475.

Buy Punj Lloyd with a stoploss of Rs 350 for a target of Rs 475.

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 NTPC with a stop loss of Rs 190 for targets of Rs 235 and Rs 280.

Buy NTPC with a stop loss of Rs 190 for targets of Rs 235 and Rs 280.

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 Welspun Gujarat with a stoploss below Rs 309 for a targets of Rs 329 and Rs 340. This is a day trading recommendation.

Buy Welspun Gujarat with a stoploss below Rs 309 for a targets of Rs 329 and Rs 340. 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.

 

 

VK Sharma

Buy Hindustan Oil Exploration around Rs 117. Stop Loss at Rs 115. This is an intra-day recommendation.

Buy Hindustan Oil Exploration around Rs 117. Stop Loss at Rs 115. This is an intra-day recommendation.

Disclaimer: - This document has been prepared by Anagram Stock broking Ltd. (Anagram), for use by the recipient only and not for circulation. The information and opinions contained in the document have been compiled from sources believed to be reliable. Anagram does not warrant its accuracy, completeness and correctness. This document is not, and should not be construed as, an offer to sell or solicitation to buy any securities. This document may not be reproduced, distributed or published, in whole or in part, by any recipient hereof for any purpose without prior permission from us. Anagram and the analyst(s), including his dependant family members may have an interest in the securities recommended above.

Copyright in this document vests exclusively with Anagram Stock broking Limited .

Buy Reliance Communication around Rs 755.45. Stop Loss at Rs 741. This is an intra-day recommendation.

Buy Reliance Communication around Rs 755.45. Stop Loss at Rs 741. This is an intra-day recommendation.

Disclaimer: - This document has been prepared by Anagram Stock broking Ltd. (Anagram), for use by the recipient only and not for circulation. The information and opinions contained in the document have been compiled from sources believed to be reliable. Anagram does not warrant its accuracy, completeness and correctness. This document is not, and should not be construed as, an offer to sell or solicitation to buy any securities. This document may not be reproduced, distributed or published, in whole or in part, by any recipient hereof for any purpose without prior permission from us. Anagram and the analyst(s), including his dependant family members may have an interest in the securities recommended above.

Copyright in this document vests exclusively with Anagram Stock broking Limited .

 

 

E Mathew

Buy Moser Baer on dips with a stop loss of Rs 280 for a short-term target of Rs 319-339

Buy Moser Baer on dips with a stop loss of Rs 280 for a short-term target of Rs 319-339

Disclaimer: - I, my family members and my group companies do not have any position what so ever in MOSER BAER. These stocks have been recommended to our clients and they may be holding long or short positions in these stocks.

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 –4 weeks. If the target is not met within 3-4 weeks then please exit the positions.

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. Individual traders should book profit depending on their risk capacity and need not wait for the targets.

 

 

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