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08 Jul
Posted by Shyam as IntraDay Calls
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It was a good start to the Indian markets yesterday when it started with a gap up of 176 points or so and then want on gaining ground. At one point it touched 13,792 levels. But during the last one hour of trade the markets lost most of the gains and finally ended the day gaining just 72 points from its previous close at 13,526 levels.
Nifty too was up marginally to close above the psychological barrier of 4000 points. IT,FMCG,Metal and banking stocks were doing good.Some of the calls given out here yesterday also did extremely well.Among some concerns regarding the financial sector the US markets were down marginally, and the Asian markets are trading down with Nikkei-225,Hang seng down by 2.5% and 3% currently. So the Indian markets will also open with a gap down and remain weak throughout the day.
Some Intra day calls for today: Adani Enterprise(cmp 668),Satyam(cmp 482),Infosys(cmp 1801), NTPC(cmp 155),Adlabs(cmp 397),Essar Shipping Ports(cmp 100),Jindal South west holdings(cmp 767),Nagarjuna Const(cmp 136),Hero Honda(cmp 692),BASF(cmp 267).
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