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Seventh Consecutive Downfall breaks , Sensex climbs 464 points , Nifty shoots 140 points
Indian Markets showed a strong movement despite a negative move in noon trade. It moved higher after turning to negative and closed towards higher levels in day trade. It Fianlly broke the seven day negative closing. In noon trade both indices traded in negative territory during the day, but strong pullback rally and fear in traders for RBI rate cut left both the benchmark indices to closed with more than 5% gains, outperforming most of its Asian markets. Short Covering rally seen in frontliners, Power, oil & gas and capital goods stocks. Sensex ended the day with a gain of 464.20 points, or 5.49% at 8,915.21 after touching a high of 8,988.03 and a low of 8,442.31. The broad-based NSE Nifty gained 140.30 points, or 5.50% at 2,693.45 after hitting a high of 2,718.60 and a low of 2,539.80. BSE Midcap and Smallcap index rose 0.72% and 0.16% respectively.
Sectoral : Barring BSE Realty index, which lost 2%, all the sectoral indices finished in green. Power and Oil & Gas indices were the top gainers, putting on 6.2% and 5.7% respectively. Reliance Infra and R Com gained the most among sensex stocks, climbing 14% and 13.6% respectively, while DLF and JP Associate were the top losers, falling 3.4% and 2.2% respectively. Weekly Levels : Week-on-week, sensex is down 5% while Nifty has lost 4.16%. Realty index plunged 18.2% during the week followed by Bankex, which shed 10.8%. In U.S this week was also not great for them, key index of U.S S&P was down more than 8% and Nasdaq off nearly 9%.
Asian Markets : All Asian market closed in deep green barring Shanghai's SSE Composite Index, in closing it was down about 14.37 points at 1,969.39 . Japan Nikkei 225 index closed in green with 207.75 points as a gain at 7,910.79 . HangSang strongs its grounds by gaining 360.64 points at 12,659.20. Indian Markets were outperformer in the region with a gain more than 5 % .
European Markets : It was not a good day for region , after opening on stronger nod all of them slided to negative and closed with a cut of 2 - 4 %. France's CAC 40 index closed in red with a cut of 99.16 points at 2,881.26 . U.K's FTSE 100 closed with a cut of 94.03 points at 3,780.96 . Germany's DAX closed in red with 92.79 points at 4,127.41 .
American Markets : It was good day for U.S as like as Indian Market , as Dow traded and closed over 8000 marks and SnP 500 index came off from his 13 year lows. Dow surged to 8,046 levels with a gain of 494.13 points . Nasdaq shoots to 1,384 with a gain of 68.23 points and the star SnP 500 index closed higher with a gain of 47.59 points and closed at 800 levels. 
Trade Performance for 21 - 11 - 2008
- Buy Axis Bank at 403 sl 396 tgt 416 - Exited @ 412 . Made profit of Rs. 9/share. If traded with 150 shares, then profit of Rs. 1350/trade
- Short RelInfra @ 446 sl 452 tgt 440/436 - Exited @ tgt1 . Made profit of Rs. 6/share. If traded with 200 shares, then profit of Rs. 1200/trade.
- Short HDFC Bank 846 sl 855 tgt 825 - SL triggred. Loss of Rs. 9/share. If traded with 75 shares, then loss of Rs. 675/trade.
- Short Nifty Fut @ 2630 sl 2656 tgt 2605 / 2595 - Exited at tgt1. Gain of 25 points on Nifty Future. If traded with 1 lot, then profit of Rs. 1250/lot/trade.
- Short Again HDFC @ 844 sl 856 tgt 825 - Exited @ 833/825 . Made profit of Rs. 11/share. If traded with 50 shares, then profit of Rs. 550/trade.
- Buy RelInfra @ 466 sl 456 tgt 480 - Exited @ 478. Made profit of Rs. 12/share. If traded with 100 shares, then profit of Rs. 1200/trade .
- Buy SBIN @ 1180 sl 1163 tgt 1195/ 1205 - Exited arnd 1198. Made profit of Rs. 18/share. If traded with 50 shares, then profit of Rs. 900/trade.
Profit : Axis Bank - Rs. 1350/trade , Short RelInfra - Rs. 1200/trade , Short Nifty Fut - Rs. 1250/lot/trade , Short Again HDFC - Rs. 550/trade , Buy RelInfra - Rs. 1200/trade , Buy SBIN - Rs. 900/trade
Loss : Short HDFC Bank - Rs. 675/trade.
Profit : Rs. 5775/trade.
****** All Qty mentioned here is our suggested qty, that we mentioned in our Trading SMS with each call..
Links to This Week Performance Report ( 17-11-2008 to 21-11-2008)
Trade Performance for 17-11-2008 || Profit Rs. - 2925/trade
Trade Performance for 18-11-2008 || Profit Rs. - 2125/trade
Trade Performance for 19-11-2008 || Profit Rs. - 5181/trade
Trade Performance for 20-11-2008 || Profit Rs. - 5785/trade
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