Quotes with Resistance & Support
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System Problems

Posted on: May 31st 2013 in Announcements.

Hello, there has been a problem with our system and it seems that the data for the past 1-2 days has been erased, we have been trying to recover it. If we missed any of your queries, please post them again under ‘Your Queries’. …

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GDP at 4.8% – Indian economy grows slowest in 10 years

Posted on: May 31st 2013 in Market News.

New Delhi: Pulled down by poor performance of farm, manufacturing and mining sectors, economic growth slowed to 4.8 percent in the January-March quarter and fell to a decade’s low of 5 percent for the entire 2012-13 fiscal. The economic growth or gross domestic product (GDP) had ex…

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FIIs roll over bullish Nifty bets to June series

Posted on: May 31st 2013 in Market News.

Rollover in Nifty futures to June was at about 57% vs 60% during the previous expiry Foreign institutional investors (FIIs) carried forward their bullish equity derivatives bets to the June series on Thursday when the May contracts expired. Analysts said hopes of continued flows into Ind…

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Intraday calls for 30-05-13

Markets likely to open flat, Resistance for nifty is at 6120 & support at 6060 Buy IndusInd Bank around 515, target: 528, SL 507 – (Book profit in Indusind bank at 523) …

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Major hospitals could tell doctors not to prescribe Ranbaxy drugs

Posted on: May 29th 2013 in Market News.

After the US and Indian authorities, the medicines manufactured by Ranbaxy Laboratories are now under the scanner of hospitals, too. Mumbai’s leading Jaslok Hospital has already put up a notice advising its doctors to avoid prescribing Ranbaxy drugs, while some others are reviewing …

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Intraday calls for 29-05-13

Markets likely to open flat. Resistance for nifty is at 6115 & support at 6060. Continue to hold Bata India. No new call yet. …

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Intraday calls for 28-05-13

Markets likely to open flat. Nifty has resistance at 6110 and support at 6000. Buy Bata India at 827.50, target: 842. Stoploss: 815 – (Can continue to hold Bata India. Looks good technically) …

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United Spirits to sell 10% to Diageo at Rs 1,440 per share

Posted on: May 28th 2013 in Market News.

MUMBAI: United SpiritsBSE -2.18 % on Monday said its board has approved the sale of 14.5 million shares, or 10% stake, at Rs 1,440 apiece to Relay BV, a wholly-owned arm of Diageo Plc, on a preferential basis for Rs 2,092 crore. The move comes two days after the Karnataka High Court orde…

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Intraday calls for 27-05-13

Markets likely to open flat/ slightly lower. Support for nifty is at 5940. If markets show recovery later during the day, buy: JM financial – (Book profit in JMF at 26.25) 2.38pm – Buy Infosys at 2371, target: 2395. Stoploss: 2348 (1-2 day hold) …

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Technical View:: Nifty, Castrol & JM Financial

Posted on: May 26th 2013 in Techinicals Breakouts NSE BSE.

Click on the image to enlarge: Nifty: Nifty after seeing some profit booking recently corrected from levels of 6200. It now nears strong support levels of 5950. If manages to hold onto support of 5950, can bounce back to 6100 levels in near term. A close below 5950 can take nifty lower …

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