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It was the day Infosys and the overall IT sector in general. Beaten by the recession fears in US, the BSE IT index was in a slump for many months now. But finally there was some good going yesterday with strong results from Infosys Technologies. Led by the IT counter the sensex gained 346 points or 2.19% and nifty gained 102 points from its previous close.
The major surge was seen in Infosys share which zoomed by 6.21% followed by TCS, Satyam and Wipro. The revenue guidance for the coming year is also in line with the market expectations. Meanwhile the US markets have closed the day in green by Dow and Nasdaq gaining 0.49% and 0.45% respectively. The Asian indices are also up in the morning trade with Nikkei-225 gaining 1.4% till now. So all these are a good indication for the Indian markets today.
We might see some gap up opening and after that there may be a rally too. Profit booking is also likely to occur with traders trading very cautiously. Most of the intra day calls given here yesterday did well with the star attraction being Selan Exploration which gained 17%.
So lets us have a look at some of the intra day calls for today and trading strategies.
Orchid chemicals(cmp 288), Infosys(cmp 1510), TCS(cmp 975), Selan Exploration(cmp 219), Bartronics( cmp 164), Essar oil( cmp 262), Bombay Dyeing(cmp 690), IVR prime (cmp 205),Sical logistics (cmp 175), Reliance power (cmp 384), RIL(cmp 2608), HCl(cmp 246).
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