Posted by Abhishek


To Get Free Research Report From us .. Simply Join our Forum
http://forum.tradingideas.in/

To download Trading Ideas Toolbar ... Click HerE


Market on 21st August , 2008 Thursday :  Negative


The Indian market ended RED on ahead of Inflation data and on the meeting with NSG members on Vienna , which was due in evening and in night respectively. The Indian Indices opened lower in the morning on the back of weak Asian Clues and also with the uncertainty on the result of the meeting with the NSG members , which is due tonight.  After opening Indian markets continuously traded in Negative area in the fear of tightening liquidity by RBI on note of higher Inflation.  In Evening Inflation figure came out and it was 12.63 % from 12.44% week ago.

Indian market closed nearly 3% down on weak and negative news. BSE 30 shares index SENSEX closed down abt 434 points at 14,244  levels with 29 of the 30 participant finally closed on negative side on Gaining side only Ranbaxy was the star of Sensex up by 1.5 % at 513. While the broader market 50 share NSE NIFTY shuts shops with 133 points on Southward at 4,283.  In today's trade laggards were Banks and Realty sector both were down by 5 % each.
In banking pack SBI was leaders with 7 % on southward territory. And followed by ICICI bank , Axis Bank, Kotak Mahindra Bank, Yes Bank, Canara Bank, HDFC Bank.
In Real Estate pack maximum stock faced a sell off. Unitech , DLF , Parsvnath , Peninsula Land , Omaxe , etc were some of the top losers in this space.

Turnover on 18th August , 2008 

NSE Cash - Rs. 8580.93 BSE Cash - Rs. 4092.22 NSE Future - Rs. 52004.66


Arbitrage Opportunities NSE >>> BSE


Company Name   NSE Close  BSE Close    Diff in Rs     % Diff

Almondz Global         29.65              29.05             0.60               2.07

Batliboi                       32.30              31.55              0.75               2.38

Cera Sanitary          138.00            133.50             4.50               3.37

Blue Coast                165.80            151.15            14.65              9.69


Calls for  August 22 , 2008 

   EKC            :  Buy EKC with a sl of 311.2 tgt 319 - 322.6 - 325 . This stock made a bullish break
                                out ot these level. One can buy this stock for day trading.

  ILandFS   :  Buy IL&FS  for jobbing sl 143 ( strict one ) tgt 149 - 151.

 
Keep an eye on Indiabulls Realestate , MIC Electronic , Sical Logistic , Kaveri Seed , Blue Coast , GTN Textile , Take Solution. 

Information - Green Colour denotes , can be taken as buying position. Red denotes, can be taken as advice to go short on that counter. Scrip in bold denotes its a must watch counter. Dunt short IB REALSTATE in mmorning trade.. Do wait for market mivement.

u can mail me abhishek@tradingideas.in  

reach me on Yahoo , infotips@yahoo.com

We are again starting our next run of paid service. Those who are intrested please registred ur name by calling 9933964704 / 9333142627 .

If you enjoyed this post, make sure you subscribe to my regular Email Updates!