Sesa Goa giving out standing perfomance

Sesa goa opened strong and rose to 383.65 giving a return of 2.5% later market gave away all it's gains giving up 400 points in sensex , nifty  closed at 6062 where as sesagoa gave close near to previos days close 374.2 a strong counter though we had asked to book profits at 382 levels one can catch this counter once again at lower levels with a sl of rs 359.

JM Financials has rised 6.5%  higher giving a close at rs 42.50 with an exceptionally huge volumes in NSE of 20474261 shares being traded. the counter has seen strong buying at these leves. There are rummors that Reliance group is intrested in  JM Financials and also there are rummors that it may go for banking licence. one can buy JM Finance between 37.50 to 42.50 with a short term trading target of rs 46.5 and hold these shares for medium term for a target of rs 55 and above.

Infosys .......... start of earning season

We saw nifty rising upto 6317.80 levels failing to sustain loosing 125 points , giving a close at 6193 below 6200 levels. Cautious view where market levels are nearing all time high a profit booking seen accross the board as a caution on results of tech majour Infosys.

Sesa goa seems to show tremendous strength closing 3.36% higher at 374.90 one can keep a watch on this stock for furter up side keeping a stoploss of rs Rs 359.
Sesa goa is comming up with results on 18th october for the Quater and Half yea ended September 30, 2010. likely sources say results shall show tremendous growth ...... dont miss out this counter .

Rummors ---- Goverment decission on sugar d-control

Keep watch in comming days on Sugar Stocks there are rummors that goverment may take decission on sugar d-control, If any such decission taken all sugar stocks may rally 10 to 15 % these are likely news from market rummors

Wait N watch !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Previous Day:
Substantial decline noticed in the last one hour of the trade and almost all sectoral indices closed in the red. Realty was hit the most but selling pressure pervaded almost all the sectors. Only healthcare saw some gains. Sensex closed at 20307 (provisional), down 235 points from its previous close, and Nifty closed at 6118 (provisional), down 68 points. The market breadth was negative with advances at 434 against declines of 867 on the NSE.

Next Day Trading Session:

AS told in early post time to take caution & we saw that market face selling pressure & profit booking at higher levels. For today market  NIFTY might face heavy resistance in the range 6161-6191; also it may come down to test 6100 and 6070 levels. Traders are suggested to sell at gains. IT and METALS along with BANKING may face selling pressure WHILE POWER and TELECOM  may attract buying.

Time for alret !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Yesterday Market Analysis:
The Indian market closes a stable day of trade on a good note in line with its global peers. The broader markets showed more strength than the largecaps and with a lot of individual action. Sensex closed at 20526, up 118 points (provisional) and Nifty at 6180, up 34 points (provisional) from the previous close. market breadth was positive with advances at 801 against declines of 485 on the NSE.

Next day trading session  :

Now Nifty is facing resistnace Now i m expecting some corection. It means not  that now i am bearish or bull run stop.
Nifty is trading in the range 6130-6230. Breaching of this range either side may decide the trend. Traders are suggested to buyat declines as long as NIFTY is holding 6130.

Stock for watch:

Aptech
Hdil
Dena Bank
Hindalco

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