Monday, 8 October 2012

Nifty Trend and Buy Shares Advice

After the two days closure, Sensex opened flat on Monday morning. In the the early trade the BSE Sensex benchmark tumbled at little and lost 55.65 points and was trading at 18,882.81. The weakness in the Asian market and the weak growth and low September quarter earnings was found to be the reason of decline in the Indian markets.
The broader share index, Nifty-fifty was also trading low with a decline of 22 points to 5,724.95. Unlike the last week's ascend towards the dollar, Indian Rupee descended 36 paise, Rupee reached 52.21 as against the greenback.
The realty index was trading under pressure today. DLF stock dipped 3.5 percent on account of Robert Vadera deals.
BHEL lost 2.5 percent due to profit-booking. Stocks trading in red were:
ASS, Ambuja cements, JP Associates, L&T, Tata Power, HUL, Reliance Infrastructure, Sesa Goa, Reliance Industries, ICICI Bank, Bank of Baroda.
Stocks on the buyers radar were:
Bharti Airtel, Sun Pharma, HDFC, ONGC which climbed up 0.5-1 percent.
The BSE Realty Index was trading 1.08 per cent lower, the BSE Capital Goods Index declined 0.6 per cent and the BSE Oil & Gas Index was down 0.58 per cent while the BSE HealthCare Index was trading 0.5 per cent higher followed by IT Index, which rose 0.3 per cent.

The BSE midcap index was trading 0.2 per cent higher, while the BSE Smallcap index rose 0.23 per cent.

Asian stocks edged lower as investors booked profits following a rally last week, despite better-than-expected US employment data released on Friday. Chinese market reopens today for the first time after a week long holiday.

Japanese financial markets were closed for a public holiday.

Hong Kong's Hang Seng index was trading lower at 20,966.12, down 0.2 per cent. South Korea's Kospi index was trading 0.5 per cent lower at 1,983.45. China's Shanghai index was trading 0.2 per cent lower at 2,081.12.

Buy and Sell Advice:

1. Crompton Greaves Ltd is a ‘BUY’ call with a target of Rs 160 and a stop loss of Rs 133.
2. Dabur India Ltd is a ‘BUY’ call with a target of Rs 138.50 and a stop loss of Rs 130.
3. Sintex Industries Ltd is a ‘BUY’ call with a target of Rs 78 and a stop loss of Rs 69.
4. Lupin Ltd is a ‘SELL’ call with a target of Rs 535 and a stop loss of Rs 584.
5. McLeod Russel Ltd is a ‘SELL’ call with a target of Rs 300 and a stop loss of Rs 326.

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