Wednesday, August 14, 2013

Nifty_Futures reached the target of 5700 and closed at 5714.05, putting mud on the faces of all those naysayers. Today even my target of Nifty_Spot of 5700 has been touched, but it closed just below the psychological level. The things were expected to be bullish today, as both FIIs and DIIs were buyers  on last Tuesday. I had mentioned that in Facebook. Also, the key benchmark indices surged as the rupee recovered in choppy trade after the government raised import duty on gold and silver ahead of peak festival-season demand as part of efforts to curb dollar outflows and narrow a wide current-account deficit. The market breadth, indicating the overall health of the market, was strong. Gains in world stocks underpinned sentiment. This is the 3rd straight gain for the Indian Stocks. From a recent low of 18,664.88 on 7 August 2013, the Sensex has gained 564.96 points or 3.02% in three trading sessions. The Sensex has declined 115.86 points or 0.59% in this month so far (till 13 August 2013). The Sensex has declined 196.87 points or 1.01% in calendar 2013 so far (till 13 August 2013). From a 52-week high of 20,443.62 on 20 May 2013, the Sensex has fallen 1,213.78 points or 5.93%. From a 52-week low of 17,250.80 on 5 September 2012, the Sensex has surged 1,979.04 points or 11.47%. 
My recently recommended DLF Ltd at around Rs.118, today touched Rs.151.75 before closing at Rs.149.60. Similarly HDIL Ltd reached the 1st target of Rs.32, the stock closed at Rs.32.65, near the days high of Rs.32.95.IRB Infrastructure Ltd (Rs.73.25) and Unitech Ltd (Rs.17.85) did well.  It was expected after the steel scrips started to rally suddenly. Today SAIL moved by more than 6.74% to touch Rs.45.20. CLICK HERE
Tulip Telecom Ltd hit the buyer freeze in the opening trade at Rs.8.56. The scrip was repeatedly recommended in this blog, during the last few days. 
Central Bank Ltd today touched Rs.57.95, before closing at 57.45. The scrip is on the verge of giving a break out. A general buy was given in the banking counters during the market hours, yesterday. The BSE Realty index was up 4.48% and BSE Bankex was up 2.92%.