Quotes with Resistance & Support
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Intraday calls for 30-06-10

Markets likely to see a gap down opening. Support for nifty is at 5180. Sell Mphasis below 545 for a target of 533. Stoploss at 553.. Update – On account of Half Yearly Bank closing on 01/07/2010, there will be no pay in /payout of Securities and funds, Securities bought in today�…

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Hindustan Media $58 million IPO to open on July 5

Posted on: June 29th 2010 in IPO Views.

Hindustan Media Ventures, a unit of newspaper publisher HT Media, will launch its 2.7 billion rupees ($58 million) initial public offering on July 5. The price band for the issue, which closes on July 7, will be decided two days before the open, said the company in newspaper advertisemen…

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The Three Biggest Lies About the Economy

Posted on: June 29th 2010 in Market News.

Commentary: The truth about jobs, the market and U.S. socialism The counter-revolution is underway. The G-20 calls for members to slash their budget deficits. The U.S. Senate ices further aid for the unemployed. The head of the Business Roundtable slams President Obama for undermining A…

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Stocks tumble on global economic worries

Posted on: June 29th 2010 in Press Releases.

NEW YORK (AP) — Stocks and interest rates are extending their losses after consumer confidence dropped because of concerns about the economy. The Conference Board says Tuesday its Consumer Confidence Index fell nearly 10 points to 52.9, down from a revised 62.7 in May. Economists h…

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Asian stocks slide ahead of crucial Japan, US data

Posted on: June 29th 2010 in Market News.

BANGKOK (AP) — Asian markets slid Tuesday as a mammoth share sale in China dragged Shanghai stocks down more than 3 percent and investors trimmed bets before the release of crucial indicators from the world’s two biggest economies. Investors were wary of riskier assets like s…

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Intraday calls for 29-06-10

Markets likely to see a flat opening. Support for nifty is at 5250 and resistance at 5400 If markets show weakness later during the day, sell: ICICI Bank Trade in small quantity …

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Intraday calls for 28-06-10

Markets likely to see a flat opening. Nifty has support at 5250 and resistance at 5300. If markets show recovery later during the day, buy: Geodesic with sl at 87.and Aditya Birla Chemicals with sl at 97. …

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R-Infratel, GTL approve Rs 50,000-cr deal

Posted on: June 27th 2010 in Market News.

Anil Ambani group today announced a Rs 50,000-cr deal to merge its telecom tower business with GTL infrastructure, a move that would help RCom cut down its debts by more than half. The Boards of RCom, its subsidiary Reliance Infratel Ltd. And GTL Infrastructure today in-principle approve…

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Govt frees petrol, diesel prices

Posted on: June 26th 2010 in Market News.

Petrol costlier by Rs 3.50; Diesel up by Rs 2; LPG cylinder to cost Rs 35 more It was all stitched up at a one-on-one meeting between Prime Minister Manmohan Singh and Finance Minister Pranab Mukherjee last week. Once the decision was taken, the Minister for Petroleum and Natural Gas Mur…

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Intraday calls for 25-06-2010

Markets likely to see a flat opening. Support for nifty is at 5290 and resistance at 5350 Buy Apollo Hospitals Enterprise Ltd at 807.90, target: 822. Stoploss: 794 If markets show weakness later during the day, sell: ICICI bank. …

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