market 2 day

K

karthik.

Karthik Vinnakota
The Sensex, which rose to 20,332 in early trades, but gave up gains soon thereafter, plunged to 19,923.96 during the final hour, after moving in a tight band around the unchanged line for a long time. The barometer finally ended the day at 19,983.13, recording a loss of 185.76 points or 0.92%. The Nifty index of the National Stock Exchange settled at 6027.30, off the day's low of 6008.15. It had surged to 6127.05 in opening trades.

Information technology stocks were the most prominent losers. Mirroring the decline of key stocks in that space, the BSE IT index ended lower by 2.22% today. Realty, metal, power, capital goods and bank stocks saw some buying earlier in the session, but drifted lower in late afternoon trade.

Oil, PSU and consumer durables stocks too ended well off their highs. Select healthcare and automobile stocks managed to sign off on a winning note. Midcap and smallcap stocks had a good time in positive territory but wilted under pressure and settle lower in the end



Stocks - Stock Market News
 
Sideways movement gave way to heavy profit booking during the closing stages of the day. As a consequence, the benchmark indices closed significantly in the red today. Important to note that the BSE Sensex also closed below the psychologically crucial mark of 20,000. It lost around 185 points (down 0.9%) whereas NSE Nifty lost around 65 points (down 1.1%) today. BSE Midcap and small cap indices on the other hand managed to carve out gains for themselves, closing higher by 0.2% respectively. The advance to decline ratio on the BSE stood at nearly 4 times with around 4 stocks declining for every one that gained in price.
 
Nifty-Spot today (19Oct2010) closes at 6027.30 with trip-off from its higher level of 6127.05 by -0.80% with formation of a Long Black Candle on Daily Price Chart. All New Age momentum Indicators UCo, UCI & MACD are now in Sell Zone. Today on EOD price chat we have seen a interesting fact that after a long back(Say 20 days), Our NNTF-Nifty Next Trend Finder Turns negative. As Per our NNI-Nifty Next Indicators which decline by -60.0% is trading at +11.50% along with decline in Open-Interest & Increase with Volume.VIX is also increased by + 3.9% to the level of 23.23%. All indicates a Bearish Trading session for Tomorrow (Wed 20Oct2010).Nifty-spot now has strong Support at 5997.
 
The 30 scrip index of the Bombay Stock Exchange (BSE) today bounced back by 388.43 points to end at 20,260.58 on buying in banking and FMCG stocks coupled with strong European cues
 
top losers in sensex
ITC fall of 21.37 points
HDFC Bank 19.37 points
Housing Development Finance Corporation (19.23 points),
Wipro (13.47 points)
Larsen & Toubro (12.26 points).
 
Market Status has turned Bearish. The NIFTY daily chart with the TTI signals on is attached herewith.
Note that, the NIFTY TTI signal gave an unbeaten 1114 pints gain from signal to Signal. This means, a subscriber, holding 1 lot of NIFTY futures, from last Long signal gains Rs. 55700 in 103 trading days. This means, for a margin money of approx Rs.25000/-, he stands with a gain over 100%…Thanks to the development of the TTI system.
On commodities side, on international market, Gold has entered in SHORT mode. as on 23rd oct
 
Today's top losers were Sterlite Industries by 2.58 per cent to Rs 168.20, Jaiprakash Asson by 2.37 per cent to Rs 125.75, DLF by 2.26 per cent to Rs 363.25, ITC by 1.83 per cent to Rs 171.25, Tata Steel by 1.73 per cent to Rs 617.40, HDFC Bank by 1.71 per cent to Rs 2324, M & M by 1.66 per cent to Rs 701, HDFC by 1.58 per cent to Rs 692.95, Hind Unilever by 1.24 per cent to Rs 301.55, Tata Motors by 1.21 per cent to Rs 1152.30 and Bharti Airtel by 1.20 per cent to Rs 333.40.
 
chance to raise
COMPANY PRESENT PRICE TARGET PRICE
ASHOK LEYLAND 69.5 91
TATA CONSULTANCY SERVICES 1040 1100
ACC 1123
 
buy kourtans retail @112 Rs, target 190 for 6months
buy EROs Intern@183Rs,target 210 for 2weeks
buy Biocon@444rs,taregt475for 2weeks
 
market 2day down trend
sensex lost 8.73 points and closed at 20221.39
bse lost 23.8 points ant closed at 6082
 
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