Quotes with Resistance & Support
Market Information

Intraday calls for 24-02-11

Markets likely to open lower, Support for nifty is at 5410 and resistance at 5480 If markets show recovery later during the day, buy Power Grid 11.40am – sell canara bank at 581, target: 572. stoploss: 587 – (book profits at 568) 12.04pm – buy jet airways at 419, targ...

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Markets close in the red; Sensex slips 118pts

Posted on: Wednesday, February 23rd 2011 and is filed under Market News.

The Sensex shed 118 points to close at 18,178. The Nifty also ended lower at 5,437 down 32 points following a drop in global stocks from the recent 30-month highs as the Libyan political turmoil sent oil prices soaring to 2 1/2 year highs, and raising concerns of a disturbance in the glob...

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Intraday calls for 23-02-11

Markets likely to open lower, Support for nifty is at 5430 and resistance near 5580 If markets show recovery later during the day buy Tata steel 2.23pm – hedge longs with a 5400 put at 14. stoploss: 5510
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Libya on verge of civil war, after protesters seized control of military bases and tanks

Posted on: Wednesday, February 23rd 2011 and is filed under Market News.

THE son of Libyan leader Muammar Gaddafi has warned his country is on the verge of civil war after protesters seized control of military bases and tanks. But while he admitted mistakes had been made in a brutal crackdown by his father’s regime, Seif al-Islam Gaddafi said there woul...

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European markets fall, crude breaches $105/b as Libyan turmoil deepens

Posted on: Tuesday, February 22nd 2011 and is filed under Market News.

ICE Brent crude futures climbed above $105/barrel Monday as the deepening political unrest in Libya began to affect the country’s oil production, up $2.36/b from Friday’s close. US light crude futures on NYMEX surged by $3.30/b to $89.50/b. Prices subsequently dropped back, w...

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Intraday calls for 22-02-11

Markets likely to open flat, next resistance at 5560 Buy Gail at 448-450, Target: 460, SL 440 – (Continue to hold gail ) Nifty Index/Future Live Chart with TOP Indicators – Click to view ...

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BP, Reliance in $7.2bn deal

Posted on: Tuesday, February 22nd 2011 and is filed under Market News.

British firm to buy 30% in RIL’s oil & gas fields, investment may touch $20 bn. In the biggest foreign direct investment (FDI) into India, BP, the world’s fourth-largest energy company, will pay $7.2 billion for a 30 per cent stake in 23 oil and gas blocks of Reliance Industries...

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Government may come up with a good budget this time to gain its lost image after recent scams

Posted on: Monday, February 21st 2011 and is filed under Market News.

With all recent scams last 2-3 months, many have lost faith in this government. A list of some of the recent scams is given below: 2G Spectrum Scam – Over 1 lakh crore Commonwealth Games Scam – Worth 8,000 crore ISRO scam – Worth 2 lakh crore S-band scam – Wor...

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Intraday calls for 21-02-11

Markets likely to open flat. Support for nifty is at 5430 Buy REC ltd at 233-236, target: 242. Stoploss: 228 Nifty Index/Future Live Chart with TOP Indicators – Click to view ...

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Govt agrees to JPC probe into telecom scam

Posted on: Monday, February 21st 2011 and is filed under Market News.

The government has bowed to opposition demands for a Joint Parliamentary Committee (JPC) investigation into a major telecom corruption scandal, lawmakers said on Sunday, in a move to end months of deadlock and ensure passage of the upcoming Budget. Prime Minister Manmohan Singh is accuse...

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