Thursday, August 28, 2008

August series closes…..

The markets are opening with a schedule; a day of expiry, roll over busy and the stock specific action is more focused. The Nifty did not made any good move from the earlier July closing was at 4333, yesterday closing was at 4292.

The nearly 40 down from previous closing made some significant changes in the stock prices. There are serious looser stocks like ABAN down by Rs 365/-, ACC down by Rs 26.5/-, AMTEK AUTO down by Rs 32/-, BANKINDIA down by Rs 20/-, BEL down by Rs 38.5/-, BHUSHANSTEEL down by Rs 79/-, BOMDYEING down by Rs 73.5/-, BPCL down by Rs 30/-, CHENNAIPETRO down by Rs 40/-, JINDALSTEEL down by Rs 197/-, LITL down by Rs 22./-, LITL down by Rs 22./-, LITL down by Rs 22./-, LITL down by Rs 22/-, NDTV down by Rs 76./-, RCOM down by Rs 102./-, RELCAP down by Rs 28./-, RELIANCE down by Rs 58./-, RNRL down by Rs 5./-, SBIN down by Rs 82./-, TATAPOWER down by Rs 144./-, TATASTEEL down by Rs 46./- and SUZLON down by Rs 18./-.

There was no change in the levels of Nifty but RIL has to trade above 2185 for up move, RCOM above 405-06 level and Tata Steel above 591, Bharti good above 818 and ONGC good above 1018-20 level.

The STOCK-TRADING is a “Skill-FULL Job”. NEVER blame others for the LOSS/DEALS.
Never Forget: I may be wrong, You may be wrong but markets always RIGHT.

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