Quotes with Resistance & Support
Market Information

RIL to use cash pile to repay loans, expand capacity

Posted on: January 31st 2013 in Market News.

Reliance Industries Ltd (RIL), sitting on a huge cash pile of Rs 80,000 crore and having just raised another Rs 4,264 crore as a perpetual bond (perp bond), plans to use the money to repay loans and expand capacity in its petrochemicals, oil and gas and refining businesses. The Mukesh Am…

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Intraday calls for 31-01-13

Markets likely to open flat, resistance for Nifty at 6100 Sell Hero MotoCorp around 1790 for a target of 1755, SL 1820 – (SL triggered in Heromoto) Book profit in Mastek at 162 and Asian Paints at 4535 if holding from last 1-2 days. …

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Intraday calls for 30-01-13

Markets likely to open higher, resistance for Nifty at 6100 Buy Maruti around 1595, Target: 1630, SL 1575 – (Avoid Maruti Suzuki for intraday. ) 10.58am – Buy Asian Paints above 4480, target: 4520. Stoploss: 4450 …

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RBI slashes repo rate, CRR by 25 bps each

Posted on: January 29th 2013 in Market News.

The rate cut, first in nine months, is likely to encourage banks to reduce their lending rates The Reserve Bank of India ( RBI) has slashed the repo rate by 25 bps to 7.75%. The reverse repo rate will also be adjusted to 6.75% from 7%. It has also announced a cut in CRR by 25 bps to 4%,…

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Intraday calls for 29-01-13

Markets likely to open flat, Resistance for Nifty at 6100 Buy Mastek above 155, Target: 162, SL 150 – (Can continue to hold Mastek for 1-2 days if possible.) …

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Intraday calls for 28-01-13

Markets likely to open flat. Resisatnce for Nifty is at 6100 Buy Suzlon Energy at 20.90-21.10, target: 22.50. Stoploss: 20. – (Book profit in Suzlon energy at 21.80-22) …

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Technical View:: Nifty, Suzlon & Maruti Suzuki

Posted on: January 27th 2013 in Techinicals Breakouts NSE BSE.

Click on the chart to enlarge. Nifty: Nifty is in an uptrend since June’ 12. Recently has been trading in a 100 point range since one month. If global markets support, nifty could head upto 6150 in coming days. On the upside faces resistance at 6150-6180 levels. Has good support a…

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Air India ranked world’s third worst airline

Posted on: January 25th 2013 in Market News.

Washington: Air India has been rated world’s third least safe airline after China Airlines and TAM Airlines, according to a report from a website that monitors plane crashes around the world. India’s national carrier is ranked 58th among 60 listed airlines by Hamburg based Je…

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Intraday calls for 25-01-13

Markets likely to open flat, Support for Nifty at 5980 Buy Reliance Infra on dips – (Book profit in rel infra at534 if entered earlier.) …

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HDIL extends fall on Citigroup exit, tanks 28% in 2 days

Posted on: January 24th 2013 in Market News.

Citigroup Global Markets Mauritius and Sarang Wadhawan sold equity shares worth of Rs 92 crore in past two days. Housing Development & Infrastructure Ltd ( HDIL) has tanked 16% to Rs 80.60, extending its over 20% fall in past two trading sessions after the company’s promoter alon…

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