Quotes with Resistance & Support
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Intraday calls for 10-07-12

Markets likely to open slightly lower. Support for nifty is at 5270 and resistance at 5360 Sell Mahindra and Mahindra on rise, around 736, Target: 724, SL 746 – (Exit from M&M at 732) 11.14am – Buy Manappuram Finance at 33.90, target: 37. Stoploss: 32 (1-2 day hold) 11...

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OnMobile’s founder-CEO under a cloud, hits the exit door

Posted on: Tuesday, July 10th 2012 and is filed under Market News.

Arvind Rao steps down after KPMG submits forensic report on governance issues Within a week of KPMG submitting a forensic report on its corporate governance procedures, OnMobile’s founder, CEO & managing director Arvind Rao has resigned. OnMobile is India’s pioneering and large...

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Intraday calls for 09-07-12

Markets likely to open slightly lower. Support for nifty is at 5270 and resistance at 5360 Buy Reliance Industrial Infrastructure (RIIL) at 455, target: 470. Stoploss: 445 – (Exit from RIIL at 450. Short term traders can continue to hold for 1-2 days) For a technical view on Nifty...

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Thousands of PCs may lose Internet today

Posted on: Monday, July 9th 2012 and is filed under Market News.

New Delhi: Thousands of computers in India, which are hit by a malicious virus DNSChanger, may lose Internet access on Monday, according to Web security firm McAfee. DNSChanger is a malware computer programme that redirects Internet traffic to fake websites. These affected machines are l...

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Technical View:: Nifty, RIIL & Adani Enterprises

Posted on: Saturday, July 7th 2012 and is filed under Techinicals Breakouts NSE BSE.

Click on the image to enlarge Nifty: Nifty technically has turned a bit strong. May consolidate here for few days before the next upmove. Has strong support at 5200 levels. On the upside a close above 5360 can take nifty higher to 5450. Reliance Industrial Infrastructure: RIIL has ...

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Stocks Fall as Treasuries Rise After U.S. Jobs Report – Wall Street

Posted on: Saturday, July 7th 2012 and is filed under Market News.

Stocks (SXXP) and commodities sank, while Treasuries rose for a second day, as slower-than-forecast growth in U.S. payrolls fueled concern the economic recovery is slowing. The dollar strengthened against 14 of 16 major peers, with the euro setting a two-year low of $1.2266. The Standar...

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Intraday calls for 06-07-12

Markets likely to open flat. Support for nifty is at 5270 and resistance at 5360. Buy Subros at 34.85, target: 37. Stoploss: 33.20 Buy Hindustan Petroleum at 341.70, target: 351. Stoploss: 336 ...

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I am long on India and China: Stephen Bird

Posted on: Friday, July 6th 2012 and is filed under Market News.

Stephen Bird has been a Citibanker for the last 14 years. But since the beginning of this year, he has taken over as the Chief Executive Officer for the Asia Pacific region at Citigroup. Responsible for 17 countries in the region – including India, China, Hong Kong, Singapore and Austra...

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Pre-market: lacklustre trades likely

Posted on: Thursday, July 5th 2012 and is filed under Market News.

Telecom stocks, Reliance to be on the buzzer The markets are likely to trade on a lacklustre note in the absence of major cues from the US markets that were closed on account of Independence Day holiday. Asian shares eased on Thursday, as markets awaited the European Central Bank’...

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Intraday calls for 05-07-12

Markets likely to open flat. Support for nifty is at 5250 and resistance at 5360. Buy Mcleod Russel at 308-310, target: 318. Stoploss: 304 ...

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