It was a steady day of trade for the Indian market which posted good gains on the back of buying in most sectors today. Afternoon trade saw some kind of a dip but the market managed to pull back soon after. However, the Nifty failed to hold 6200. Sectors which showed strength today include metals, oil & gas and autos while FMCG and pharma were a bit weak. Sensex shut shop at 20543, up 135 points and Nifty at 6186, up 40 points from the previous close. The market breadth was positive with advances at 822 against declines of 453 on the NSE.
Next Day Trading Session:
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. OIL-GAS. AUTO, MIDCAP BANKS may attract more buying.
Stock for Watch:
Aptech : Stock has given nice breakout with volumn. It can touch 195-205 in near term trader can buy with sl of 168.
BEL: Stock trying to breakout, stock has given nice move above 1878 will give smart movement. trader can watch this counter.
HDIL: Stock looking good on chart trader can look this stock can touch 295-300 in intraday also.
Follow up calls:
ORchid & Dena bank met their tgt in very short period http://udaystocks.blogspot.com/2010/09/short-term-correction-is-good-for-long.html
Bank of India , seimens & glenmark given nice retrun in short term still more to come.
SBI & EKC given very good retrun
Sesagoa met his tgt in very term
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