The market has opened on the higher side on Wednesday. The Sensex is currently at 19,287, up 160 points from the previous close. Nifty is at 5747, up 49 points.
The intermediate downtrend in the market still continues, says E Mathew, technical analyst, on CNBC-TV18. The market is still in a corrective phase. The Nifty has huge resistance at 5780-5800, he adds.
Essar Oil is showing strength on the monthly charts, says Anil Maghnani, technical analyst, on CNBC Awaaz. The next target price for the stock is at Rs 270,
Wednesday, November 28, 2007
The market is expected to remain rangebound and the Sensex may trade between 18,300 and 20,200 for the next one month, says Jignesh Shah, technical analyst, on NDTV Profit.
The market will see a lot of consolidation happening for some time now and new buying will come in sectors like auto, textiles, etc, he says. Midcaps will continue to outperform for the next two months atleast.
The market will see a lot of consolidation happening for some time now and new buying will come in sectors like auto, textiles, etc, he says. Midcaps will continue to outperform for the next two months atleast.
Top Five Gainer's
Top Five Loser's
| Company | Price (Rs) | % Change |
| + Ashok Leyland | 47.65 | +16.65 |
| + Hexaware Technologie | 84.15 | +14.18 |
| + TVS Motor Co. Ltd. | 70.15 | +12.24 |
| + Chennai Petro. | 407.75 | +11.16 |
| + Nirma Limited | 224.10 | +9.02 |
Top Five Loser's
| + Jindal St & Pwr | 13,283.25 | -5.94 |
| + Adani Enterprises Lt | 820.30 | -5.00 |
| + National Fertili | 71.35 | -4.80 |
| + Balaji Telefilms Ltd | 358.25 | -4.80 |
| + Guj. Mineral Dev | 466.80 | -4.62 |
The market closed on a quiet note today.
The Sensex closed at 19127, down 119 points while Nifty at 5698, down 33 points from the previous close. The BSE Midcaps Index closed in the positive. The market breadth was negative with advances at 519 against declines of 675 on the NSE.
The Nifty gainers included BPCL, Hindustan Petroleum, BHEL, Bajaj Auto and Tata Motors while losers included Tata Power, Bharti Airtel, RPL, ICICI Bank and NTPC.
The Sensex closed at 19127, down 119 points while Nifty at 5698, down 33 points from the previous close. The BSE Midcaps Index closed in the positive. The market breadth was negative with advances at 519 against declines of 675 on the NSE.
The Nifty gainers included BPCL, Hindustan Petroleum, BHEL, Bajaj Auto and Tata Motors while losers included Tata Power, Bharti Airtel, RPL, ICICI Bank and NTPC.
Tuesday, November 27, 2007
The Sensex is at 19,099, down 148 points from the previous close. The BSE 30-share index had touched an intra-day low of 19,019 in trade so far. Nifty is at 5688, down 41 points. BSE Midcap and Smallcap indices are also down marginally. All BSE sectoral indices, except auto and metal, are trading in the negative terrain.
Punj Lloyd has support at Rs 340 and resistance at Rs 540, says Vijay Bhambwani, techncial analyst, on CNBC Awaaz. But once the stock crosses the resistance with good volumes, it will be a start to a new long term uptrend, he says. He suggests holding the stock for the next 4-6 quarters.
Voltas is in an uptrend and has support at Rs 220, says Hormuz Maloo, technical analyst with Geojit Financial Services, on NDTV Profit. The stock can go up to Rs 280-285, if the bullish trend sustains, he adds. It is trading at Rs 232.95, down 1.1% on the BSE.
Punj Lloyd has support at Rs 340 and resistance at Rs 540, says Vijay Bhambwani, techncial analyst, on CNBC Awaaz. But once the stock crosses the resistance with good volumes, it will be a start to a new long term uptrend, he says. He suggests holding the stock for the next 4-6 quarters.
Voltas is in an uptrend and has support at Rs 220, says Hormuz Maloo, technical analyst with Geojit Financial Services, on NDTV Profit. The stock can go up to Rs 280-285, if the bullish trend sustains, he adds. It is trading at Rs 232.95, down 1.1% on the BSE.
The market is still trading lower. But the Sensex is still holding on to the 19,000 levels and is currently at 19,110, down 136 points from the previous close. Nifty is at 5686, down 45 points. All BSE sectoral indices, except for auto and consumer durables, are trading in the negative terrain. Market breadth is negative, with advances at 444 versus declines at 704 on the NSE.
Telecom and infrastructure rally may be a little overdone in the short term, say market experts from Enam, on CNBC-TV18. The US markets and dollar seem to be oversold, therefore they may see a bounceback, they say. The long term bull story in financial services is intact, but for now, valuations look stretched in this space, they say.
Telecom and infrastructure rally may be a little overdone in the short term, say market experts from Enam, on CNBC-TV18. The US markets and dollar seem to be oversold, therefore they may see a bounceback, they say. The long term bull story in financial services is intact, but for now, valuations look stretched in this space, they say.
The markets continue to trade weak today in line with its global peers. Power, banking anf realty stocks are still weak. All the key BSE indices are in red and the breadth today has been negative.
At 10.20 hrs IST, the Sensex is down 146.65 points or 0.76% at 19100.89, and the Nifty down 24.80 points or 0.43% at 5706.90. About 1372 shares have advanced, 1619 shares declined, and 86 shares are unchanged.
Top gainers on the Sensex are SBI at Rs 2,266 up 1.06%, Bajaj Auto at Rs 2,600 up 0.49% and ITC at Rs 188 up 0.35%.
Top losers on the Sensex are ICICI Bank at Rs 1,133.70 down 2.07%, HDFC Bank at Rs 1,614 down 1.81%, Reliance Energy at Rs 1,758.80 down 1.72%.
Top gainers on the Nifty are SBI at Rs 2,261 up 0.79%, Bajaj Auto at Rs 2,602.10 up 0.65% and ITC at Rs 188.50 up 0.43%.
Top losers on the Nifty are Reliance Petro at Rs 195.60 down 4.14%, NALCO at Rs 369 down 3.64% and ICICI Bank at Rs 1,131.25 down 2.21%
Most active shares on BSE are Mundra Port at Rs 957.40 with 3,211,210 shares, Axis Bank at Rs 949 with 954,308 shares and Reliance Petro at Rs 195.50 with 3,263,546 shares.
At 10.20 hrs IST, the Sensex is down 146.65 points or 0.76% at 19100.89, and the Nifty down 24.80 points or 0.43% at 5706.90. About 1372 shares have advanced, 1619 shares declined, and 86 shares are unchanged.
Top gainers on the Sensex are SBI at Rs 2,266 up 1.06%, Bajaj Auto at Rs 2,600 up 0.49% and ITC at Rs 188 up 0.35%.
Top losers on the Sensex are ICICI Bank at Rs 1,133.70 down 2.07%, HDFC Bank at Rs 1,614 down 1.81%, Reliance Energy at Rs 1,758.80 down 1.72%.
Top gainers on the Nifty are SBI at Rs 2,261 up 0.79%, Bajaj Auto at Rs 2,602.10 up 0.65% and ITC at Rs 188.50 up 0.43%.
Top losers on the Nifty are Reliance Petro at Rs 195.60 down 4.14%, NALCO at Rs 369 down 3.64% and ICICI Bank at Rs 1,131.25 down 2.21%
Most active shares on BSE are Mundra Port at Rs 957.40 with 3,211,210 shares, Axis Bank at Rs 949 with 954,308 shares and Reliance Petro at Rs 195.50 with 3,263,546 shares.
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