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Market today : On DECLINE!!!

Indian Market again showed weak performance inline with other Asian Markets. This is the third consecutive day when Sensex and Nifty closed in RED. US and other major Asian market also not showing any signs of recovery. They are also trading in southwards direction. Crude also trading almost @ $100/barrel mark . On Thusday it made a low of $101.43 / barrel mark. Indian Rupee also depriciated against dollar. On trading course it depriciated to the level of 45.57/ dollar mark which is a new low in 23 month. After Market hours Inflation figure came @ 12.10% for the week ended on August 30th against the Bloomberg expectation of 12.01% which is lower in camparison to last week data of 12.34% . After trading in southwards direction for the full course both NSE BSE ended lower above 2% . The benchmark index BSE 30share Sensex shuts its shop @ 14,324.29 down about 338.32 points. The broader index NSE 50share Nifty ended lower with 109.95 points @ 4,290.30. Tomorrow , IIP number will come out during trading hours which is expected to be come @ 6%.

Sectorial

All sectorial index closed in Red. Oil & Gas was the most effective sector down about 3.4%. Tata Motors and Ranbaxy were the gainer in today fall , both gain 1.34% and 0.25% respectively. While Bharti Airtel and Reliance Infra were the biggest dragger of sensex both were down about 4.4% and 4.15% respectively. Today Reliance closed @ Rs. 1997/sh below 2000 mark.
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Turnover on 11th Sept , 2008
NSE Cash Rs.10782.56 BSECash-Rs.4798.08 Future Rs.50366.39



Arbitrage Opportunities NSE & BSE

Strong Arbitrage opportunities found in Kaveri Seed Co. If any want to know levels can ask for the same on infotips@yahoo.com
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Call Performance....

Pre - market calls
2 calls given Austral coke and PTC both open below their sl price and continue to slide

Paid Call Performance

• Buy Nifty @ 4355 sl 4340 target 4480 - adviced to exit @ 4365 - 4370 level, clear exit @ 4369 . PROFIT Rs 14/share - Rs 700/lot
• Buy IFCI @ 47.50 sl 46.50 target 48.50 - adviced to exit @ 48.10 , made high of Rs.48.40 after advice . PROFIT 60 paise - Trade -2000shares
• Short Nifty @ 4360 sl 4380 target 4320 - exit @ target. PRofit rs. 40/share - Rs2000 / lot .
• BTST Nifty @ 4315 sl 4280 target 4400 - HOLD closed @ 4300 lelvl

• Inflation Figure came @ 12.10% below previous week but above expectation
• The basket of crude oil that Indian refiners buy fell below $100 per barrel on Tuesday, the latest day for which data are available, nearly five months after it first breached the three-digit mark.

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