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The Indian share markets lost about 169 points in yesterday’s trade mainly due to weak global and Asian markets. Sensex closed the day at 15,587 points and nifty lost 51 points to close at 4,709 points. The Asian markets were also down by 1-1.5% in yesterdays trade. The gainers of the day included Bharti Airtel, BHEL, HDFC, SBI and ICICI.
The markets are waiting for the 4th quarter results and that can be a big trigger in the coming days. The Asian markets are trading marginally up with Nikkei gaining 41 points in the morning trade.The markets will trade subdued even today if there is no negative news comes and world markets stabilize. The US markets had ended in red yesterday with Dow losing 36 points and Nasdaq 16 points.
Meanwhile the calls made over here by me did considerably well in the falling market conditions. Heres a snapshot of the performance of the calls:
Company Opening Price Day’s High Closing Price
SCI 212.25 216.55 212.65(0.19%)
Orchid Chem 207.15 248.00 239.95(+15.83%)
Guj NRE Coke 162.15 174.70 164.75(+1.6%)
Piramyd Ret 151.40 158.95 158.95(+4.99%)
SEL Manuf 381.75 400.80 400.70(+4.96%)
United Phos 298 317.50 303.55(+1.86%)
Bang Overseas 151.2 154.95 153.20(+1.32%)
BOI 293.4 304.95 298.35(+1.69%)
India Bullsecu 102.4 104.65 98(-4.3%)
Trading calls and tips for today: Orchid Chemicals(cmp 240), yes bank(cmp 162), Tech mahindra (cmp 829), kolte patil dev (cmp 109), Piramyd retailer(cmp 159), Aditya Ispat(cmp 12.35), Shirpur gold refinery(cmp 56.45), Gujrat foils(cmp 115.15), Strelite industries(cmp 777), SEL Manuf(cmp 400), Reliance power(cmp 351). Good Luck and Happy Trading !
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