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TechM, Mahindra Satyam to merge, boards meet today

Posted on: Wednesday, March 21st 2012 and is filed under Market News.

The much-awaited merger between Tech Mahindra and Mahindra Satyam is happening finally, with the boards of the two companies meeting tomorrow to finalise the details. The merger will create India’s fifth largest information technology services firm, with a combined revenue of over Rs 10...

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Intraday calls for 21-03-12

Posted on: Wednesday, March 21st 2012 and is filed under Intraday Tips, Daytrading, Intraday tips for free NSE BSE Breakouts Daily intraday tips calls.

Markets likely to see a flattish opening. Support for nifty is at 5230 and resistance at 5300. Buy Bata India at 725, target: 738. Stoploss: 714 10.46am – Buy 5300 ce at 71.50-72, target: 85. Stoploss: 5250 (spot) – (Book profit in 5300 ce at 97) 1.13pm – Buy BF Util...

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Intraday calls for 20-03-12

Posted on: Tuesday, March 20th 2012 and is filed under Intraday Tips, Daytrading, Intraday tips for free NSE BSE Breakouts Daily intraday tips calls.

Markets likely to open flat. Support for nifty is at 5180-5200 Buy Jindal Steel & Power at 573-578, target: 592. Stoploss: 562 9.25am – Buy Axis bank at 1207, target: 1223. Stoploss: 1190 – (continue to hold axis bank, near strong support levels) ...

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Sell Gold – Target achieved

Posted on: Tuesday, March 20th 2012 and is filed under Commodities & Forex trading calls.

Gold has been seeing profit booking recently after the rally it had since 2009. It faces strong resistance near 1665 levels. One can short at cmp: 1658 for a target of 1648. ...

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Kingfisher’s licence to fly under threat

Posted on: Tuesday, March 20th 2012 and is filed under Market News.

Service tax dept plans to drag airline to court over non-payment of dues It was a mixed day for Kingfisher Airlines: It faced the prospects of its flying licence being cancelled; its chairman, Vijay Mallya, was asked by the Directorate General of Civil Aviation (DGCA) to present a clear...

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Intraday calls for 19-03-12

Posted on: Monday, March 19th 2012 and is filed under Intraday Tips, Daytrading, Intraday tips for free NSE BSE Breakouts Daily intraday tips calls.

Markets likely to open flat. Resistance for nifty is at 5360. Buy ITC at 216, target: 221. Stoploss: 212 – (book profit at 221) If markets show weakness later during the day, sell: HDFC Bank – 12.26 pm – Can go ahead with hdfc bank short, target: 488. Stoploss: 506 ...

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Angry jewellers shut shops for 3 days

Posted on: Sunday, March 18th 2012 and is filed under Press Releases.

Jewellers across the country have shut their shops till Monday, to protest against the increase in customs duty and introduction of excise duty for non-branded jewellery as proposed in the 2012-13 Union Budget. Due to the three-day “bandh”, the jewellery industry is expected to lose b...

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Intraday calls for 16-03-12

Posted on: Friday, March 16th 2012 and is filed under Intraday Tips, Daytrading, Intraday tips for free NSE BSE Breakouts Daily intraday tips calls.

Markets likely to open flat. Support for nifty is at 5350. Buy Pipavav Defence (NSE: PIPAVAVDOC) at 80.80, target: 83.20. Stoploss: 78 – (Book profit in Pipavav at 83) 1.14pm – Buy Bharat Forge at 334.90, target: 345. Stoploss: 328. (1-2 day hold) – (SL triggered in B...

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Technical indicator suggests major upside for Nifty

Posted on: Friday, March 16th 2012 and is filed under Market News.

On four occasions since 2003, the occurrence of Golden Cross has led to gains ranging from 30 to 77 per cent for the market Markets fell significantly on Thursday. However, the Nifty made an important and rare pattern, known as Golden Cross, which indicated a bullish trend ahead for an e...

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Buy USD/CAD – SL Triggered

Posted on: Thursday, March 15th 2012 and is filed under Commodities & Forex trading calls.

Technically USD/ CAD is near good support levels. can expect some bounce from here. Buy USD/CAD at 0.9932, target: 1.0000. Stoploss near 0.9880 – (SL triggered) ...

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