Quotes with Resistance & Support
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Volatility index dips to all-time low; the chances of a correction become higher

Posted on: Saturday, September 4th 2010 and is filed under Market News.

The NSE volatility index or India VIX slumped to its all-time low yesterday, indicating a large downside risk to the market In a major indication that a significant market correction is imminent, the National Stock Exchange (NSE) volatility index ended at 16.15 yesterday – the lowe...

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Investing in IPOs made simpler

Posted on: Saturday, September 4th 2010 and is filed under Market News.

Applications supported by blocked amount help investors in IPOs and NFOs to earn interest till shares or units are allotted. Investors in initial public offerings (IPOs) of companies are often confused. While it makes great sense to enter a company when it is being listed, there is littl...

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Intraday calls for 03-09-10

Markets likely to open flat, strong resistance at 5510. Buy Nestle around 3130, Target: 3160, SL 3110 12.24pm – buy DrReddy at 1393, target: 1415-1420. Stoploss: 1375 ...

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Intraday calls for 02-09-2010

Markets likely to open higher. Resistance for nifty is at 5520. Buy Cholamandalam Investment & Finance Company Ltd at 165.75, target: 170. Stoploss: 161 Buy Bharti Airtel Ltd at 337.65, target: 344. Stoploss: 331. – (Continue to hold for 1-2 days. looks good technically, can ...

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Coal India IPO to open on Oct 18

Posted on: Wednesday, September 1st 2010 and is filed under Press Releases.

New Delhi: State-run Coal India Ltd’s initial public offering will begin on Oct. 18 and close on Oct. 21, the firm’s chairman Partha Bhattacharya told reporters on Tuesday. State-owned Coal India Ltd (CIL), the country’s largest mining company. The company will offload arou...

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Intraday calls for 01-09-10

Markets likely to open gap up. Support for nifty is at 5350 and resistance at 5480. Sell Reliance Capital on rise with stoploss at 775. ...

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Sun Pharma unit gets warning from USFDA

Posted on: Tuesday, August 31st 2010 and is filed under Press Releases.

The US unit of Indian drugmaker Sun Pharmaceutical has received a warning letter from the United States Food and Drug Administration (USFDA) after its New Jersey manufacturing plant was inspected.Sun plans to respond to the USFDA within 15 days, and the company would work “cooperati...

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Intraday calls for 31-08-10

Markets likely to open lower. Support for nifty is at 5350 and resistance at 5440. If markets show recovery later during the day, buy: Glodyne Technoserve Ltd. ...

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RIL acquires 14.1% stake in EIH for Rs 1,021 cr

Posted on: Monday, August 30th 2010 and is filed under Stock News.

Mukesh Ambani promoted, Reliance Industries Ltd announced that it has acquired a 14.12 per cent stake in EIH Ltd. The acquisition was made through Reliance Industries Investment and Holding Pvt Ltd, a wholly owned subsidiary of RIL, said the company in a filing with the Bombay Stock Excha...

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Intraday calls for 30-08-10

Markets likely to open gap-up. Buy Escorts at 196, Target: 202, SL 192 – Book profits at 202.30 11.07am – buy hero honda at 1796, target: 1810. Stoploss: 1780 – (Continue to hold Hero honda till tomorrow. Is near strong support levels, likely to bounce back. Maintain s...

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