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Equity – NSE Base

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Cash Intraday Calls

Future Intraday Calls

Limited Calls

Delivery Calls

 

 

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Commodity - MCX  Base

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Gold

Silver

Copper

Nickel

Crude

 

Pre-Market calls

DATE:  10-03-2010

CASH - INTRA

FUTURE - INTRA

 

TITAN

 

Buy abv 1820 Sl 1800 Tgt 1840-1860

 

ICICIBANK

 

Buy abv 920 Sl 910 Tgt 930-940

 

The Day Ahead 

Nifty (Spot) Support for the day exists at 5080-5040 and Resistance to the up-move is at around 5140-5180. Sideway move in lack of any major domestic trigger. Next trigger for market is IIP Nos likely to be release on Friday. Till than global cues eyed.

 

Traders have turned cautious after the sharp rally. There is likely to be a correction and indices may consolidate before the next up-move. We expect that the index would witness profit booking in short term and this could target 5020 on the downside.

Market Out-Look

Once again lack of triggers hint towards another sluggish session with a reasonable possibility of a short term correction in the indices. Bond yields firmed up and settled above the 8% mark which can have additional negative sentiment on the market overall and PSU banking stocks in specific. The uptrend in the Nifty has entered crucial levels where the resistance levels of 5120-5180 are playing on. Short term chart remain overbought and warrant a corrective price action or some sideways consolidation. Break below 5080 would lead to retest of 50 SDMA support of 5020 on the other hand 5120-5180 would be difficult to surmount in a hurry. Range traders may use this opportunity to take some short term positions with narrow stops to play the range. Overall outlook on the Nifty remains bullish for the medium term.

The Day It Was

It was an extremely dull and lacklustre session for Indian markets. The indices mirrored their global peers and traded in an extremely narrow range. The Nifty ended the day at 5,101, down 22 points. The Sensex shut shop at 17,052, down 50 points. The broader markets had a weak session too. The breadth was very weak at 2:5. The trading session today saw very thin volumes. Total turnover for the day was around Rs 70,000 crore, which was a good 25% lower than even the low average of the last few sessions. Bank of Rajasthan was one of the biggest losers today after it came under the Securities and Exchange Board of India's scanner. Tatamotors was under pressure after a big block deal got executed. Some of the infrastructure names like JP Associate and Suzlon didn’t have good sessions at all. A couple of auto stocks like Hero Honda, just about drifted a bit and a couple of those metal names like Hindalco and SAIL were also a bit subdued. IT held out pretty well in an otherwise sideways session and a couple of those private sector financials like HDFC and HDFC Bank otherwise a completely unremarkable performance for the Nifty stocks.

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Performance

DATE

PACKAGE

NET PROFIT FOR THE DAY

DETAILED RESULT

WEEKLY

02-03 To 05-03

Cash – Intra

(+) 38,900=00

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Future - Intra

(+) 58,479=00

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