NSE & BSE Day Trading Tips, Stock Market News – 13 July
Posted by Stock Market Guru on 11 July, 2009
4 Comments
Stock Market & Business News Highlights – 13 July 2009
- On 10th July 2009, All Asian markets were trading mix with positive biased and indian market followed them and opened with minor gains following Infosys Q1 result which posted 17% hike in profit. Market was trading above 4100 level for almot 3 to 4 hours and nifty had broken 4110 major resistance after 3 days. IIP numbers cam also in favor market which forced market to go above 4130 levels but in last 30 minutes of trading FIIs suddenly pressed Selling Button after investing 3 months in indian market as they are feeling unsecurity in palcing their money in india as fiscal deficit and monsoon uncertainity affecting indian growth rate. Oil & Gas index were the major loser on index following by Power index, Capital Goods but BSE IT index was the only index trading in GREEN. After having deep selling pressure indian stock market benchmark SENSEX closed with 253 points loss at 13504 and NIFTY closed just near to support level 4000 at 4003 after losing 80 points in last 30 minutes trading.
- UK`s benchmark FTSE 100, French benchmark index CAC and Germany`s benchmark index DAX were opened flat but closed with 1% losses. U.S. Dow Jones and Nasdaq were also opened in Flat but after hour trading it was tanked in negative zone but NASDAQ and S&P index were closed with 0.5% losses.
- Crude Oil has witnessed selling pressure again and it broke the $60 market to close at $59.85 with 1% losses- Bloomerg.com, Yahoo Finance
- Rei Agro has posted a net profit of Rs 415.852 million for the quarter ended June 30, 2009 as compared to Rs 344.255 million for the quarter ended June 30, 2008. Total Income has increased from Rs 7050.236 million for the quarter ended June 30, 2008 to Rs 8606.838 million for the quarter ended June 30, 2009. – bseindia.com
- IDBI Bank Ltd is planning to start an asset management company (AMC) which is likely to be operational in a year for which company got an clearance order from RBI – Yogesh Agrawal, Chairman IDBI Bank with BS
- The government plans to invest Rs 1,00,000 crore to build 12,000 kilometres of national highways in 2009-10 and would opt for both the equity and debt routes to raise funds – Road Transport and Highways Minister Kamal Nath with Business Standard
- Country’s largest private fuel retailer, Essar Oil Ltd, cut petrol and diesel prices in the range of Rs 0.50 to Rs 2.50 a litre from July 16 – Economics Times, BS
- Reliance Industries (RIL) and Essar Oil (EOL) may not buy crude oil that Cairn India will start pumping from Rajasthan in the next few weeks as they say the oil was priced higher than its intrinsic value – BS
- Hotel Leela Venture plans seven new properties in delhi, chennai, udaipur, pune hyderabad, kotkata and kovalam resorts by 2012-13, and as the first phase of it our group would be investing Rs 2,200 crore to complete two new hotels in Delhi and Chennai by the end of 2009 – Hotel Leela Venture Vice Chairman and MD Vivek Nair with BS
- The UB Group stands ready to work with the Government of Gujarat to introduce a responsible beverage consumption policy with appropriate warning and restraint. Gujarat Health Minister Jay Narayan Vyas replied to him saying “This is an internal matter of the Gujarat government and Mr. Mallya should avoid making suggestions on what should be done in Gujarat”. Read details here
- The Cabinet Committee on Infrastructure has been constituted under the chairmanship of the Prime Minister Dr. Manmohan Singh. The constitution of the high powered panel comes in the wake of Government’s focus on infrastructure which has been identified as a key priority area. – Indiainfoline
- Net profit of UTV Software Communications rose 476.34% to Rs 25.82 crore in the year ended (audited) March 2009 as against Rs 4.48 crore during the previous year ended March 2008 – bseindia.com
- Geojit BNP Paribas Financial Services reported an 86% increase in net profit at Rs 13.25 crore for the first quarter ended June 30, 2009 when compared with Rs 7.1 crore in Q1FY09. – UTVi
- Barack Obama rejected 2nd Stimulus package and told to give some time to recover
Today’s Sensex & Nifty Trading Calls
- Stock Market Pre-opening Outlook: As expected indian stock markets on friday dropped by 253 points and nifty by 80 points. Nifty closed very near to physiological level 4000 after making lows of 3075. Don’t start trading blindly before checking market flow which is going to be negative but PM had given statement that india will grow with 8 to 9% YoY basis which may influence FIIs flow for some days again. But expecting Nifty to go below 3900 level if 3960 level is broken. 3750 will be the nifty strong support for it to recover again and reach 4600 levels.
- Nifty Levels: Current: 4003 Support Level 3995, 3960, 3920 Resistance Level 4040, 4080, 4110
- Exit Fertilizer Stocks ( RCF, Chambal Ferti.)
- Buy Ponni Sugar: Target 61, 63 Short Term Target 68 Stop Loss 54
- Buy Visa Steel: Target 27, 28 Stop Loss 23 Short Term Target 29.8
- Buy Rei Agro: CMP 58.7 Target 60.5, 62 Short Term Target 64 Stop Loss 57
- Sell JP Assoc: Below 185.5 Target 179, 174 Stop Loss 189
- Sell RNRL: Below 72 Target 67, 64 Stop Loss 75
- Sell Sesa Goa: Target 182, 179, 174 Short Target 163 Stop Loss 189
- Buy UTV Software: Target 334, 343 Stop Loss 321
- Buy Geojit PNB Paribas: Target 40, 40.80 Stop Loss 38 (Strictly follow SL)
- Buy IDBI, IRB Infra, Lanco Infra, JP Hydro, Opto Ckt, Praj Industries and REC Ltd. on dips
- Buy Jain Irrigations: Buy Above 714 Target 723, 730 Short Target 745 Stop Loss 701
- Exit Suzlon Energy for target 70
- Past Trading Calls View Here
Mid-Session Updates
Indian markets had shown some recovery in yesterday’
Popularity: 610 hits
4 Comments on “NSE & BSE Day Trading Tips, Stock Market News – 13 July”
Hi, I think markets will close flat or mildly positive
Nifty closed in RED below 4000 level with 0.75% losses.