Quotes with Resistance & Support
Market Information

Budget: Highlights

Posted on: February 28th 2011 in Market News.

Revenue loss from direct taxes at Rs 11,500 cr, Revenue gain from indirect taxes at Rs 11,300 cr Service tax to boost revenue by Rs 4,000 cr AC restaurants serving liquor to pay service tax Legal representation for businesses under service tax Service tax on hotel accomodation abo…

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Intraday calls for 02-28-11

Markets likely to open flat. Support for Nifty is at 5260 and resistance at 5340. Buy ABB at 674-678, target: 690. Stoploss: 663 1.44pm – book profit in nifty 5600 call at 76 Nifty Future/Index 1…

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Sebi bars 6 entities from market; slaps Rs 36-cr penalty

Posted on: February 26th 2011 in Market News.

Sectoral regulator the Securities and Exchange Board of India (Sebi) today barred six market intermediaries from trading in securities for allegedly carrying out manipulations in various IPO issues and also slapped a penalty of Rs 36.09 crore. “Roopalben N Panchal, Devangi Panchal,…

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Mphasis falls 27% on weak results, hits year low

Posted on: February 25th 2011 in Market News.

Shares of IT and BPO company MphasiS plummeted by nearly 27% in early trade on the BSE today, hit by a sharp dip in net profit for the quarter ended January 31, 2011. Yesterday, MphasiS posted a 15.5% decline in consolidated net profit to Rs 226.67 crore for the November-January quarter,…

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Intraday calls for 25-02-11

Markets likely to open flat, next support at 5220 Buy Ranbaxy on dips for a target of 455 – ( book profits at 452) 2.23pm – buy 5600 call at 45 target: 70. hold for 2-3 days. Trade in small quantities Read More..

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Fortis buys hospital in Singapore for S$33 mn

Posted on: February 25th 2011 in Market News.

Seven months after pulling out of the race for Singapore’s Parkway, Fortis Healthcare, India’s second-largest hospital chain, on Thursday announced its first venture in the city-state, with a S$33-million (about Rs 118 crore) acquisition of an under-construction specialised cancer hos…

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Food inflation at 11% y-o-y on Feb 12 – Higher than market expectation

Posted on: February 24th 2011 in Market News.

Food price index rose 11.49% and the fuel price index climbed 12.14% in the year to February 12, government data on Thursday showed. In the previous week, annual food and fuel inflation stood at 11.05% and 11.92%. The primary articles price index was up 15.77% in the latest week, compar…

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Intraday calls for 24-02-11

Markets likely to open lower, Support for nifty is at 5410 and resistance at 5480 If markets show recovery later during the day, buy Power Grid 11.40am – sell canara bank at 581, target: 572. stoploss: 587 – (book profits at 568) 12.04pm – buy jet airways at 419, targ…

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Markets close in the red; Sensex slips 118pts

Posted on: February 23rd 2011 in Market News.

The Sensex shed 118 points to close at 18,178. The Nifty also ended lower at 5,437 down 32 points following a drop in global stocks from the recent 30-month highs as the Libyan political turmoil sent oil prices soaring to 2 1/2 year highs, and raising concerns of a disturbance in the glob…

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Intraday calls for 23-02-11

Markets likely to open lower, Support for nifty is at 5430 and resistance near 5580 If markets show recovery later during the day buy Tata steel 2.23pm – hedge longs with a 5400 put at 14. stoploss: 5510 Read More..

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