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Posted by Shyam as IntraDay Calls
The Vienna Victory or the NSG waiver for India by the US made a strong positive impact on the markets yesterday when it bounced by 461 points in the sensex. But it could not close above the psychological 15,000 levels and closed at 14,945 points with a gain of 461 points. Similarly Nifty to gained 130 points to close at 4482 levels.
The trading sentiments were bullish yesterday after the Nuclear deal. The major gainers included the power and capital goods sector like L&T,BHEL,NTPC, Hindustan Constructions etc. The banking stocks were also on a roll with SBI and ICICI being the major gainers. The Asian markets also gained hugely which came as a support for the Indian markets.
Meanwhile it was a highly volatile session in US markets yesterday but the Dow made a huge gain of 290 points or 2.6% but Nasdaq gained just 14 points or 0.6% from its previous closing. The bailout of Fannie Mae and Freddie Mac which are the major mortgage finance firms in US. But currently the Asian markets are trading lower with Nikkei-225 and Hang Seng down by 1.5% and 2% respectively.
So it could be a mixed trading session today in the Indian markets too. After yesterday’s rally the traders might be booking profits today. Even it is advised to do as the markets would come down anytime from here on. The crucial OPEC meeting will also be closely watched by the markets world over. The crude is trading at 105.5$/barrel now.
Some intra day calls for today include: Alstom Projects(cmp 422), Bharat Forge(cmp 272), NTPC(cmp 181),SBI(cmp 1592),Suzlon Energy(cmp 236).
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