LIVE MARKET UPDATE

Thursday 24 October 2013

STRATEGY OF INTRADAY STOCK MARKET NEWS

Indian ADRs ended weak on Wednesday.
In the IT space, Infosys shed 1.02 percent at USD 54.17
Wipro was down 0.79 percent at USD 11.25.
In the banking space, HDFC Bank fell 1.32 percent at USD 34.39
ICICI Bank slipped 1.55 percent at USD 34.82.
In the other sectors, Tata Motors shed 2.43 percent at USD 30.46
Dr Reddys Laboratories was down 1.95 percent at USD 39.15. 


PRE MARKET CALLS
BUY LNT (LCP 949.35) ABOVE 952 TG-960-970
BUY JUST DIAL (LCP-1148.1) ABOVE 1160 TG-1170-1185

BUY AUROBINDO PHARMA (LCP-216.1) ABOVE 217 TG-219-223
BUY EMAMI (LCP-480.75)ABOVE 483 TG-489-498


Asian shares rose to a five-month high on Friday as investors took heart from quickening growth in China a day after the United States sealed an 11th hour deal to break a confidence-sapping government shutdown. The dollar nursed losses near an eight-month low against a basket of currencies on Friday as traders focused on the economic impact of an acrimonious showdown in Washington that dragged the U.S. to the brink of a debt default. U.S. oil prices set.

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