A summary on Markets Report For The Week (30'Aug-03' Sept)

It was overall a good week for the Indian markets which saw a lots of volatility, some flat trade and good rallies too. For the week, both the Sensex and Nifty finished around 1.2 per cent higher. If we talk about market today, some selling pressure in metal stocks took the Sensex slightly lower, but the broader markets finished higher in line with European and Asian stocks.

This week's performance was average and the numbers are:

• Sensex up 1.2% and Nifty up 1.3%.
• CNX Midcap index was up 1.9%,
• BSE Smallcap index up 2.8% over the week.
• BSE Realty index up 3.2%,
• BSE Bankex up 2.3%,
• BSE Metal index up 2.9%,
• BSE IT index up 1.3% and
• BSE Auto index up 3%.

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Intraday Tips; Stock Tips For Tomorrow

Intraday Stock Tips For Fri(03rd, Sept'10) 

Bhushan Steel Ltd. (Profit Booked)

Recommendation : Buy above 1860

CMP : 1,860.30

Target : 1880-1900

Stoploss : 1852

Ganesh Housing Corporation Ltd. (1st TGT Hit)

Recommendation : Buy @ 205

CMP : 208.45   

Target : 210-215

Stoploss : 202

UCO Bank

Recommendation : Buy above 119

CMP : 118.10

Target : 125-134

Stoploss : 117

Thinksoft Global Services Ltd. (Both TGT Hit)

Recommendation : Buy @ 124

CMP : 126.30

Target : 130-136

Stoploss : 122

Remark : Traders are advised to book partial profit once 1st TGT reach.

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Stock Market For Tomorrow (03-Sept)

Looking at the daily Nifty Reports and charts Nifty has tested the crucial level of 5,500 and owing to good buying, which is a very positive indication for Indian markets. Because of  good buying in heavyweight indices, Nifty successfully closed above the vital 9 & 14 day`s SMA placed at 5,464 & 5,468 and surpassed 50 and 100 day`s SMA placed at 5,402 and 5,270 with a good margin; these levels may act as new supports, in coming sessions.

A closing above 5,500 for Nifty would bring in more strength for a move towards 5,546 and above levels, While the support is there at 5,446 and 5,416 levels.

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Intraday Buzzing Stocks To Watch Tomorrow

Intraday Stock Tips For Thu(02nd, Sept'10)

ACC Ltd.(Both Target Hit)

Recommendation : Buy

CMP : 886.80

Target : 890-900

Stoploss : 860

Jindal Poly Films Ltd. (Profit Booked @ 1023)

Recommendation : Buy

CMP : 939.80 

Target : 1002-1032

Stoploss : 970

FDC Ltd.

Recommendation : Buy @ 110

CMP : 111.80   

Target : 122-130

Stoploss : 108

State Bank Of Bikaner and Jaipur (1st- TGT Hit)

Recommendation : Buy on dips

CMP : 763.70

Target : 782-805

Stoploss : 754

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Market Surges With High Gains:Views For Tomorrow

After two days of profit booking today it was a cheerful day for the Indian markets which traded positively and closed with broad gains on the back of buying interest in almost all sectors following supportive global cues. Nifty has made a decent come back near to the previous higher levels and technical it has moved above the middle band of the daily Bollinger Band. It is having a short term upside target(resistance) of 5,493 and 5,505 while it is getting good support at 5,408 levels for intraday tomorrow.

On an intraday basis, Nifty spot should find support near 5,424 & 5,375 level while the resistance will be at 5,500 & 5,526 level.

BSE Sensex should find support at 18,027-17940 and 18,320-18,480 may act as resistance level for tomorrow.

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