Market Today : - Positive 

Indian Market today shows a positive break out on charts. On smart rally in last 40 minutes today Indian Market closed on flat. The Broader index NSE Nifty shuts shops at 4348.65 (-11.35) points down and the benchmark Index BSE SENSEX closed at 14498.51 (-66.02) points down. Outperforming the other Asian market.

In line with US market , all Asian market were down from 1.5% - 3.5%. In other side all European market is also trading on lower side from 0.1% - 1% on negative. The Biggest gainer in today trade was ITC and HDFC bank both were up by 1.5% and 1.6% respectively. The worst performer of market from front-line pack was Maruti , down about 9.2% on very poor number of August sales.  while others auto stock saw a increase in their sales for the month of August. 

Weekly Call Performance - 

Technicals  

Buy Infosys @ 1725 sl 1690 ( on closing ) target 1790 - 1828 . - made high of 1766 and Finally closed at 1723

Buy Satyam Computers @ 410 - 412 sl 399 target 427 - 435 . - made high of 427.3 , achieving  tgt1 of weekly call 

Buy Bank of India @ 254 - 260 sl 246 ( on closing basis ) target 273 - 281. - made high of 274.7 , achieving  tgt1 of weekly call.

Buy PunjLloyd @ 290 - 295 sl 287 ( strict sl ) target 316 - 322 . - made high of 312.75 and Finally closed at 310.7

Buy IFCI @ 44.20 sl 43.25 (variable sl )target 47-49.50 . ( already mentioned in free SMS group) - made high of 44.75 and finally closed at 44.20.

Fundamentals

Accumulate GAIL on dips for a unconditional target of Rs 430 , keep a sl at 350 on closing basis. CMP - 384 , Risk - Average 

Buy IFCI on dips for a unconditional target of 66 ( derive from Book Value) CMP 44.70  

Remarks - 2 calls on Technical pack achieving  the tgt 1 , 1 call reached near tgt1 .

Arbitrage Opportunities NSE >>> BSE 

No call generated as we dint track any stock for Arbitrage. 

Turnover on 01 Sept, 2008  

NSE Cash - Rs. 9850.06 BSE Cash - Rs. 4814.54 NSE Future - Rs.37393.16

Calls for Sept 02  , 2008

SBIN -          Buy SBIN at 1416 tgt 1435 - 1443 sl 1399

EVERONN -  Buy EVERONN @ 550 tgt 578 - 592 sl 536

PNB -           Buy PNB @ 487 tgt 493 sl 483.

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