Quotes with Resistance & Support
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Technical View:: Nifty, DLF and Jindal Steel & Power

Posted on: Saturday, May 12th 2012 and is filed under Techinicals Breakouts NSE BSE.

Nifty: Nifty has turned weak technically. After recent fall can expect a small bounce back to 5000-5030 levels. If unable to sustain above these levels, selling pressure is likely to resume. On the downside could test 4800 if closes below 4890. DLF: DLF is near strong supports near 175...

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March IIP data at -3.5. Below market expectations.

Posted on: Friday, May 11th 2012 and is filed under Press Releases.

March IIP data at -3.5. Below market expectations. Electricity sector growth has come in at 2.7% versus 7.2%, manufacturing sector growth at -4.4% versus 11%, capital goods at -21.3%, basic goods at 1.1%, intermediate goods at -2.1% while mining sector growth is at -1.3% versus 0.4% (YoY...

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Intraday calls for 11-05-12

Markets likely to open slightly lower. Support for nifty is at 4940. Sell United Phosphorus at 120-120.50, target: 116. Stoploss: 124 – (Book profit at 116.20) 11.42am – Book profit in 4900 pe at 103 12.08pm -Buy Axis bank at 981, target: 1000. Stoploss: 968 – (Boo...

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Nervousness returns to the Street

Posted on: Friday, May 11th 2012 and is filed under Market News.

Euro zone concerns, weak rupee and policy inaction weigh on investors’ sentiments With the benchmark indices declining more than 10 per cent from the highs reached in February, a December-like pessimism seems to have returned to the markets. As in late 2011, a fall in global risk...

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Asian shares hit by weak China data, Europe jitters

Posted on: Thursday, May 10th 2012 and is filed under Market News.

Asian shares fell on Thursday, as a weak Chinese trade data stoked fears of a growth slowdown, further undermining risk appetites already reduced by worries about the health of Spanish banks and deepening political chaos in Greece. MSCI’s broadest index of Asia-Pacific shares outsi...

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Intraday calls for 10-05-12

Markets likely to see a flat opening. Support for nifty is at 4950 and resistance is higher at 5060 Sell Havells India at 548-550, target: 539. Stoploss: 558 9.19am – Continue to hold 4900 pe. ...

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Rupee ends at all-time low of 53.84 vs dollar

Posted on: Thursday, May 10th 2012 and is filed under Market News.

Forex software companies like FXCM, had to adjust for the heightened volatility of the market After poll results in Greece and France there has been a sustained demand for US currency The rupee today closed at all-time low of 53.84 losing a hefty 72 ...

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Greek crisis drags euro, stocks, oil lower

Posted on: Wednesday, May 9th 2012 and is filed under Market News.

Dow sheds 0.6% to close at 12,932, S&P500, Nasdaq down 0.4% each. Euro stocks lose almost 2% The euro, oil and stocks fell on Tuesday as worries intensified that Greece could reject the bailout that saved it from a chaotic bankruptcy as new leadership sought to form a government tw...

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Intraday calls for 09-05-12

Markets likely to open flat. Support for nifty si at 4950 and resistance at 5110. Buy Federal Bank at 407-408, target: 416. Stoploss: 401. – (Exit Federal bank at 405.50) 2.45pm – buy 4900 pe at 88.50, target: 110. Stoploss: 5010 (spot) – 1-2 day hold Trade in small...

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Warren Buffett buying amid market dip – He said Berkshire spent $60 mn buying stocks last Friday and would buy more today

Posted on: Tuesday, May 8th 2012 and is filed under Market News.

Berkshire Hathaway Inc is adding to its shareholdings of two US companies amid a market dip, billionaire investor Warren Buffett said on Monday. Buffett, Berkshire’s controlling shareholder, also forecast record results this year for Berkshire’s largest non-insurance business...

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