Quotes with Resistance & Support
Market Information

Intraday calls for 23-02-12

Markets likely to see a flattish opening. Support for nifty is at 5420 and resistance at 5550. Sell Tata steel 472-474, target: 465. Stoploss: 479. – (Book profit in Tata steel at 468) 1.27 pm – Buy LIC housing at 252, target: 260. Stoposs: 247 – (Book profit in LIC a...

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False Recovery 2.0: It’s Beginning to Look a Lot Like 2011

Posted on: Wednesday, February 22nd 2012 and is filed under Market News.

The recovery is looking good from the home-front. The last time we looked so good was one year ago, exactly. And we all remember what happened then. Let’s play “Name That Year of the Recovery.” In the first quarter of this Mystery Year, the economy adds more than 200,00...

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Sesa Goa set to merge with Sterlite Industries

Posted on: Wednesday, February 22nd 2012 and is filed under Market News.

The London-listed Vedanta Resources is giving final touches to a merger of Sesa Goa with Sterlite Industries, creating a Rs 40,000-crore metals giant. As part of the grand restructuring initiated by Anil Agarwal, even Cairn India may get realigned with the new entity. Sesa Goa has a curr...

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Intraday calls for 22-02-12

Markets likely to open flat. Support for nifty is at 5580 and resistance at 5620 Buy Alok Industries at 21.40, target: 23. Stoploss: 20.40 – (Book profit in Alok ind at 23) Sell Sesa goa at 246.75, target: 240. Stoploss: 251 – (sl triggered – seems there is positive ne...

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ONGC rallies 5% on hopes of stake buys by foreign funds

Posted on: Tuesday, February 21st 2012 and is filed under Market News.

Oil and Natural Gas Corporation (ONGC) has rallied 5% to Rs 295 on reports that the overseas investors have assured the government they would buy up the proposed 5% stake sale in the company. “The representatives of various funds from Singapore, the Middle East and London, who met fina...

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Intraday calls for 21-02-12

Markets likely to open slightly lower. Support for nifty is at 5540 and resistance at 5610. Sell Larsen & Tubro below 1438, target: 1420. Stoploss: 1452. If markets show recovery later during the day, buy: Mphasis. ...

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Profit-booking may drag markets this week: Analysts

Posted on: Sunday, February 19th 2012 and is filed under Market News.

After hitting the six-month high level last week, stock markets are likely to see a downward trend this week with investors booking profits, analysts said. “Stock market has seen one of the biggest run-ups recently. Strong FII inflows have helped the rise. Retail investor interest ...

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Markets to remain closed on Monday – 02-20-12

Posted on: Friday, February 17th 2012 and is filed under Market News.

Markets to remain closed on Monday – 02-20-12 on account of Maha Shivratri ...

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Intraday calls for 17-02-12

Markets likely to open higher. Support for nifty is at 5480 and resistance at 5560. Buy Future Capital Holdings at 151.50-152, target: 157. Stoploss: 148 – (sl triggered in fch) 1.48pm – sell JSW steel at 873, target: 858-860. Stoploss: 885 – (Book profit in JSW steel...

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Wall Street rises on strong data

Posted on: Friday, February 17th 2012 and is filed under Market News.

Wall Street stocks rose on Thursday, with the Dow rebounding from its sharpest loss of the year, but gains were limited despite signs of an improving US economy. The Dow Jones Industrial Average was up 59.79 points, or 0.47%, at 12,840.74. The Standard & Poor’s 500 Index was u...

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