Dhanvarsha

STOCKS RADAR >> KNOW WHAT ...



Few Buys/Calls...

• Mahindra & Mahindra Ltd: M&M reported a 28 per cent slump in its domestic sales in August. India’s auto sales are forecast to remain in the negative in FY14 even as car sales rose 15.4 per cent last month, the first gain in ten months.
• Sun Pharma: Shares of India’s top drugmaker by market value added 6.6 per cent to their value, taking its yearly gains to 53.2 per cent.
• Hero MotoCorp: Shares rose 6.4 per cent in the last four trading sessions. Since July, the stock has surged 23.5 per cent as compared to a 2.1 per cent rise in BSE auto index. The company reported a 4 per cent increase in sales in August.
• Other quick wins on Call/long calls : Gail, LT, HindPetro, TataCem

Few Sells/Puts...

• Wipro, India’s No.3 software services firm, was the worst performer as its stock ended the week with losses of 2.8 per cent.
• State-run explorer Oil & Natural Gas Corp (ONGC) lost 2.2 per cent,
• ICICI Bank and Tata Consultancy Services (TCS) both lost nearly 2 per cent.
• Dr Reddy’s closed 1.5 per cent lower.
• Other quick wins on put/short calls :  Syndibank, Tatacomm, Zeel, McLeqdruss

NIFTY FUTURE ANALYSIS MICRO/INTRADAY MOVES.


Market Trend Analysis and Forecast

Current Market Momentum : Bullish

Resistance#2 : 5954.32
Resistance#1 : 5839.68
                                                Market Track : Volatile   (Be hedged-stay with trend)              
Support#1      : 5770.47
Support#2      : 5549.08

SAR Forecast : 5630

Rock N Roll


omsairam