Quotes with Resistance & Support
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Intraday calls for 21-01-11

Markets likely to open lower, Strong support at 5610, Resistance 5750 If Markets show some recovery later, buy SKS for a target of 705 10.43am – buy Mphasis at 707, target: 716, Stoploss: 698 Nifty Index/...

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Black money: red-faced Govt not to reveal names

Posted on: Friday, January 21st 2011 and is filed under Market News.

New Delhi: A day after the Government came under attack from the supreme court over black money stashed abroad, Prime Minister Manmohan Singh has raised the issue in the cabinet. The issue could see the Government facing fresh opposition attack in the Budget session. And sources told CNN...

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Intraday calls for 20-01-11

Markets likely to open lower, strong support for Nifty at 5640 Sell Tata steel around 640, Target: 630, SL 648 Nifty Index/Future Live Chart with RSI and MACD – Click to view ...

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More FIIs bearish on India in Jan

Posted on: Wednesday, January 19th 2011 and is filed under Market News.

Sluggish market, inflation take toll; BofA-ML survey finds optimism on global growth. The slowing reforms, lack of enough government spending and high inflation have hit investment sentiment in the country. Foreign institutional investors (FIIs) have increased their underweight (bearish...

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Tata Steel FPO subscribed 8% till noon on first day

Posted on: Wednesday, January 19th 2011 and is filed under Market News.

Tata Steel today said it has raised Rs 507.82 crore through allotment of about 83 lakh shares to a clutch of anchor investors at the upper end of price band of its public offer, which is open for subscription. “Committee of the board of directors of the company by a resolution date...

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Intraday calls for 19-01-11

Markets likely to open flat, support for Nifty at at 5640, resistance at 5860 Buy Petronet at 130, Target: 135, SL 126 If Markets shows some weakness during the day, go short on ABGSHIP for a target of 362 – (book profits at 364.50) Read More..
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Tata Steel to invest up to Rs 3,000 cr in Europe ops

Posted on: Tuesday, January 18th 2011 and is filed under Press Releases.

A day ahead of its follow-on public offer, Tata Steel today said it will double its investments on European operations to 400-425 million pounds (Rs 2,900-3,000 crore) annually in the next couple of years to increase productivity. “Our focus in Europe is on restructuring… We ...

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Intraday calls for 18-01-11

Markets likely to open flat, support for Nifty at Strong support for Nifty at 5640, resistance at 5860 Buy Bharat Forge at 350, Target: 358, SL 343 Nifty Index/Future Live Chart with RSI and MACD – Click t...

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JSW Steel to spend Rs 3,800 cr on Ispat

Posted on: Tuesday, January 18th 2011 and is filed under Market News.

JSW Steel today said it plans to infuse Rs 3,800 crore in Ispat industries in the next 2-3 years. The country’s third largest steel maker JSW Steel had acquired nearly 45 per cent stake in debt-ridden Ispat Industries for Rs 2,157 crore in December last year. When asked about the ...

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IOC losing Rs 1.22 per litre on petrol sale

Posted on: Tuesday, January 18th 2011 and is filed under Market News.

State-owned Indian Oil Corp, the nation’s largest fuel retailer, today said it is losing Rs 1.22 per litre on petrol despite last week’s Rs 2.50 a litre hike in prices, as crude oil rules at two-year high levels. “Based on current price levels in the international oil m...

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