Wednesday, September 30, 2009

First Call

30 September 2009

GAIL (GAS AUTHORITY)

Execution Price Range Stop Loss Target
Buy Between Rs 360 to 364 358 370

DLF

Execution Price Range Stop Loss Target
Sell Between Rs 428 to 432 435 420

AXISBANK

Execution Price Range Stop Loss Target
Buy Between Rs 924 to 928 920 937

The market opens on a flat and quiet note. Earlier, the US markets ended lower and closed with some losses. Asia is trading soft after a quiet opening. Oil India gets new listing at Rs 1105 per share. Sensex is trading at 16906, up 53 points from its previous close, and Nifty is at 5015, up 8 points. CNX Midcap index is up 0.4% and BSE Smallcap index is up 0.5%. The market breadth is positive with advances at 535 against declines of 145 on the NSE.

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