Indian market today finally closed in down after last day huge run. On weak Asian and US market clues , market opned on lower side and till the end of the session traded in lower side of the day. Some how market tried to pullback but it couldnot as there was a profit booking also happening on the market on the same time..
Sensex shuts shop with loss of 150.76 points, or 1.00% at 14,899.10. The Broader Index NSE Nifty closed in southwards for 56.25 points, or 1.25% at 4,447.75 . BSE Oil , Gas, Realty, FMCG index were the top losser in sectorial while IT , Auto and Healthcare were among gainers on sectorial basis.
Call Performance....
Pre - Market to all free members
Short JP ASSOS - Executed @ 172.3 ,, covred at 169.5 .. Profit of Rs2.80 / share
Long Chambal - Executed @ 73.8 ,, covred @ 74.3 .. profit of Rs0.50 / share
Fundamentals Ideas - given under weekly w atch on Sept 01 , 2008
- Accumulate GAIL on dips for a unconditional target of Rs 430 , keep a sl at 350 on closing basis. CMP - 384 , Risk - Average
today high 424 and fianlly closed @ 420.55 ... giving Rs36 gain on just 3 trading session..
CAll Given to Paid Members
- Buy TATA POWR @ 1073 sl 1065 tgt 1085 / 1094
- Buy IFCI @ 45.10 sl 44.30 tgt 46.20
- Buy Nifty Future @ 4448 sl 4429 tgt 4468 -4488
All call tgt acheived in Intraday. 1 call given as a BTST ,,,
Buy Petronet @ 61.50 sl **** , tgt **** .
Turnover on 25th August , 2008
NSE Cash - Rs. 14181.24 BSE Cash - Rs. 6407.38 NSE Future - Rs.58889.38
Arbitrage Opportunitie NSE >>>> BSE
Only One call ,,, Almondz CApital... keep an eye on this stock for Arbitrage..
CAlls & Strategy for September 05 , 2008
- Buy Petronet @ 62 sl 61.05 tgt 63 - 64.5
- Buy Nitin Fire @ 318 sl 314 tgt 326
- Short AXIS Bank @ 736 sl 750 tgt 720 - 706
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We beleive , that market tommorrow will be highly flactute on outcome of NSG metting. We beleive this deal will done on some condition. Lots of buying happening happen in Pwer stock in start of the day. So market is also thinking positivness of this deal. Inflation is also dipped from last week ,, so there will be a effect of inflation also on the markets... first let market to take decision then decide what to do.. when there is no clearity....
Important News for Sept 05 , 2008
- Inflation dropped to 12.34 % on week - on - week basis from 12.40 %
- There will be metting held with NSG member today for India Nuclear Fuel
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