MARKET
TOUCH 6000 MARKS THIS WEEK, NIFTY CLOSED AT 6009 GAINED 141.10 POINTS OR 2.37%,
SENSEX CLOSED AT 462.65 POINTS OR 2.37 %.
THIS
WEEK MARKET TOUCH PSYCHOLOGICAL LEVEL 6000.INDIA’S TRADE DEFICIT NARROWING DOWN
TO $ 12.24 BILLION FROM A 7 MONTH HIGH HELPED
BY A SLOWDOWN IN GOLD IMPORTS,WHICH SHOULD EASE PRESSURE ON THE CURRENT ACCOUNT
BALANCE.SOFTWARE MAJOR INFOSYS QUARTER FIRST RESULT ANNOUNCE ON FRIDAY.COMPANY
REPORTED BETTER-THAN-EXPECTED CONSOLIDATED NET PROFIT AT RS.2374 CRORE ALSO
BOOSTED THE SENTIMENT OF MARKET.IIP ( INDIA’S INDUSTRIAL PRODUCTION ) SHOWED A
DE-GROWTH OF 1.6 PERCENT IN MAY 2013, AS AGAINST THE MARKET EXPECTATION OF 1.5
RISE.INDIA’S CONSUMER PRICE INDEX (CPI)
OR RETAIL INFLATION ROSE TO 9.87 PERCENT IN JUNE 2013 AS COMPARED T0 9.31
PERCENT IN MAY 2013.INFLATION RATES FOR RURAL AND URBAN AREAS ARE 9.63 PERCENT AND
10.13 PERCENT.RUPEE SLIPPED PAST THE PSYCHOLOGICAL LEVEL OF 61/$ AND HIT YET
ANOTHER LIFETIME LOW OF 61.21.THE BETTER-THAN –EXPECTED US EMPLOYMENT DATA
PROMPTED FEARS THE FED MAY ROLLBACK ITS STIMULUS PROGRAMMER EARLIER THAN
EXPECTED WHICH FURTHER WEIGHTED ON THE SENTIMENTS.EUROPEAN MARKET TRADING ON
HIGHER. FRANCE’S CAC WAS UP BY 0.20%, GERMANY’S DAX WAS UP BY 0.90, BRITAIN
FTSE WAS UP BY 0.36.
THIS
WEEK NIFTY IS GETTING IN TO THE RANGE OF 5830-6095 NEAR TERM SUPPORT OF 5725.
STOCKS CALLS FOR YESTERDAY
@ SELL JET AIRWAYS BELOW 410 TARGETS-406,402,398 SL-418.
@ BUY RALLIS INDIA ABOVE 157 TAREGTS-158.50,160,161.50 SL-154.
@ BUY CROMPTON GREAVES ABOVE 90 TAREGTS-91,92,93
SL-88.
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