Quotes with Resistance & Support
Market Information

Q1 GDP at 5.5% vs 5.3 % QoQ

Posted on: August 31st 2012 in Market News.

Gross Domestic Product (GDP) for the April-June quarter grew a better-than-expected 5.5%, after eight successive quarters of declining growth. A CNBC-TV18 poll had estimated that quarterly GDP would grow 5.3%. However, the slight improvement in the figured failed to enthuse the market. …

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Intraday calls for 31-08-12

Markets likely to open flat. Resistance for nifty is at 5350 Buy Bank of Baroda at 632-636, target: 650. Stoploss: 622 – (Continue to hold BOB as btst. its near strong support levels and can see a bounce from here.) …

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Tech Mahindra dips on BT stake sale buzz

Posted on: August 30th 2012 in Market News.

British telecoms firm BT is planning to sell about 5% of Tech Mahindra shares in the price band of Rs 735 to Rs 790 per share Tech Mahindra has dipped 5.5% at Rs 789 on reports that its foreign promoter British Telecommunications Plc (BT) is planning to sell part of its holding in IT s…

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Intraday calls for 30-08-12

Markets likely to open flat, Support for Nifty at 5270 and resistance at 5350 Buy Dabur India at 124.50, Target: 130, SL 121 …

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Buy USD/ JPY – Exit positions at 78.25

Posted on: August 29th 2012 in Commodities & Forex trading calls.

Technically its near strong support of 78.30-78.40. One can enter at cmp: 78.58 for a target of 78.85-78.90 Open a Forex trading account with minimum deposit of $50/ Rs.2500 and start trading instantly. Click here:

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JP Associates launches $150 million FCCB issue, stock tanks 8%

Posted on: August 29th 2012 in Market News.

Jaiprakash Associates has tanked 8% to Rs 64.85 after the infrastructure company said that it has launched foreign currency convertible bond (FCCB) issue of $150 million for repayment of the exiting FCCBs. “The issue has coupon rate of 5.75% per annum and maturity date of September 8, …

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Intraday calls for 29-08-12

Markets likely to open flat, Resistance for Nifty at 5360 and support at 5290 Buy Dishman Pharma at 97.5, Target: 102, SL 94 – (Exit from Dishman pharma at 100) (trade in small quantity) 2.08pm – Continue to hold bharti airtel …

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Sell NZD/ USD – Book profits at 0.8048

Posted on: August 28th 2012 in Commodities & Forex trading calls.

Technically NZD/ USD is in a downtrend. One can sell at cmp: 0.8073 for a target of 0.8045. Open a Forex trading account with minimum deposit of $50/ Rs.2500 and start trading instantly. Click here:

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Intraday calls for 28-08-12

Markets likely to open flat, Support for Nifty at 5280, resistance at 5410 Sell IDBI Bank below 84, Target: 81, SL 86.5 – (Exit from IDBI at 84.50) 1.12pm – Buy Bharti airtel at 248, target: 256. Stoploss: 242 (1-2 day hold) …

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L&T to sell plastic machinery biz to Japan’s Toshiba

Posted on: August 28th 2012 in Market News.

Engineering and construction giant Larsen and Toubro Ltd (L&T) has decided to sell its entire stake in L&T Plastic Machinery Ltd to Japan’s Toshiba Machine Co Ltd for an undisclosed sum, in line with the company’s strategy to realign portfolios and focus on core business uni…

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