Sunday, 28 April 2013
The Market outlook for the day of 29th April
The Asian markets except Hang Seng index the rest have not done well. The Europe too has given mixed results. Our market is currently reacting to results of companies being published.
Among the prominent companies that were in the green are GRANULES with 9.7%, LICHSFIN 6.7%, WELCORP 6.2%, MARUTI 5.2%, SOBHA 5.4%, IDEA 5.1%, UNIPHOS 4.9%, BHARTIARTL 4.8%, ABIRLANUO 4.5%, IBSEC 3.8%, GABRIEL is showing recovery and registered 2.7% gain.
Among the losers UNITECH has lost 6.6% and closed at 26.95. HDIL has lost 5.9% to close at 53.80. ORIENTBANK has lost some of its gains to close at 264.65. HCL-TECH closed at 684.25 and lost 4.8%. PUNJLOYD lost 4.7% to close at 52.15.JINDALSTEEL lost 4.3% and closed at 314.95. This stock is seen resuming its downtrend. CANBANK is another stock which lost 4.1%. IFCI which was on the rise for many trading sessions, lost 3.8% and closed at 30.05. JETAIRWAYS which reacted to the news of deal, lost 3.4%.
The Nifty traders can trade long above 5871 targets of 5888 and 5907. Shorting can be done below 5852 for the targets of 5836 and 5817.