Live Market...

[sattvic2780]

Infosys Technologies Ltd. fell 2.2 percent
in New York, while Wipro Ltd. fell 1 percent.
But textile firms may gain as they would become more
competitive against dominant Chinese firms when the yuan is
revalued

today the tech scrips may fall again... care full guys..

 

[sattvic2780]

Indian shares are seen in a tight
range with a negative bias on Thursday after slipping for two
straight sessions, as weakness in software services firms and
flat regional markets will offset lower crude oil prices.




The market is seeking direction in the absence of any major
triggers besides the monsoon, so we should see a sideways market,
although export-driven sectors may take their cues from the talk
of Chinese yuan revaluation, said C.K. Narayan, technical
analyst at ICICI Securities.

 

[sattvic2780]

The BSE Sensex closed in the red at 6445.13, losing 9 points yesterday.

The markets are expected to open in the negative terrain and trade weak. The markets would be range bound today. Some amount of buying might lead the Sensex to move above the flat line.

FIIs changed their stance on Tuesday and became net sellers in equities to the tune of Rs 98.7 crore.

Holcim has finally received the go-ahead from SEBI to make its open offer to minority shareholders of Ambuja Cement Eastern, who hold five per cent in the company. Some action might be seen in Cement stocks.

The revaluation of Chinese currency, Yuan against the dollar will be positive for the Indian steel industry. The Indian exporters expect huge demand from China as imports will become cheaper for the Chinese consumer if the Chinese currency is revalued.

Auto stocks might go up....

Bank, cement and pharma counters need to be watched.

 

[sattvic2780]

By K.Seshadri [email protected]

BSE Sensex closed at 6445 up from its opening at 6420. The index had dipped 6381 intra day. The index could take support at 6374. 6475/6508 are resistances on the upside. While the market could rise it would be a good option to get out at higher reaches and buy lower.

Now on to select stock analysis
Buy with stop loss at
Hindalco 1200
HPCL 325

At ACC book profit on rise and enter at 376.60
Hold with stop loss at

Bajaj Auto 1119, Bharti.Tel 219.70
Cipla 274, Grasim 1132

Guj Amb 433, HDFC Bank 524
Hero Honda 547.80, HLL 130.90

Book profit on rise
Dr.Reddy at 666.20

 

[sattvic2780]

market is opening negative@ 6443

comments please?

 

[sattvic2780]

market is looking very bleak guys...

sattvic..

 

[sattvic2780]

bankin sector looks very positive...

 

[sattvic2780]

now the market is looking positive..

anyone there?

saksoft is trading for around 93.. should we enter at this level?

comments please?

 

[sattvic2780]

The markets are trading firm after a weak opening. At 10:05 am, the Sensex is up 22.44 points at 6467.57. It has touched an intraday low of 6432.17. The Nifty is up 8.80 points at 1994.75.
Auto stocks gain
Metal & oil stock firm

Analysts say that the market looks rangebound, with a moderately bullish bias till 2030 on the Nifty and 6530 on the Sensex. There has been short covering over the last two days and if this continues, the downside is limited. However, the upside would also be limited unless fresh longs are created.

The BSE Auto Index has outperformed the other indices. It is up 0.98% riding the gains in Maruti, Tata Motors, Bajaj Auto, and Hindustan Motors.

Oil stocks including BPCL, HPCL, and Petronet LNG have firmed up. The Nymex crude has slipped to $50 per barrel as crude inventories rise to highest level since 1999. However, IPCL and ONGC are down. There are reports that ONGC's all bids to buy out Canada's First Calgary has been rejected and it may re-submit bid if First Calgary invites fresh bids.

Stocks including Wipro, Sun Pharma, PNB, Asian Paints, Tata Infotech, Aarti Industries, Stride Arcolab, SRF, BEML, Gujarat NRE Coke, Venkey's India, Rama Newsprint and Bombay Dyeing have gained.

Metal stocks including Tisco, Ispat Industries have also firmed up. Cement stocks including Gujarat Ambuja Cements and L&T have also gained.

However, heavyweights including, Reliance, Satyam, Infosys, Dr Reddy's are witnessing selling pressure.

Stocks including Shipping Corporation, Bharti Tele Ventures, OBC, Saksoft, and India Cements have also lost the ground


sattvic.....

 

[rajshah]

Awesome analysis Sattvic !!
Can i get some insight on the way u trade ??