Quotes with Resistance & Support
Market Information

A first: BSE launches IPO index

Posted on: Tuesday, August 25th 2009 and is filed under Market News.

To have a minimum of 10 stocks, the index will value companies for 2 years. The Bombay Stock Exchange (BSE) On Monday announced the launch of an index to track the value of companies for two years from the date of their listing after their initial public offers (IPOs). This is the first s...

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Nifty shuts above 4,650 levels

Posted on: Tuesday, August 25th 2009 and is filed under Market News.

Sensex gained 60 points or 0.4% at 15,688 while, Nifty gained 16 points to shut shop at 4,659. Indian markets extended its upswing for the third straight trading session on Tuesday with the NSE Nifty closing above the 4650 levels. The BSE Sensex has added nearly 450 points in the last 3 ...

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Intraday calls for 25-08-09

Sell Bank of Rajasthan at 77.80, target: 74.50. Stoploss: 79.20 If markets show recovery later during the day, buy: Madhucon Projects. ...

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Stocks in news: Bharti, Aban, NTPC, Puravankara, HCL Tech

Posted on: Tuesday, August 25th 2009 and is filed under Market News.

Here are stocks that are in news today: Results today: HCL Tech FY09 ended June 30 Bharti-MTN deal update: Sources -RoC (Registrar of Companies) to scrutinise proposed GDR (global depositary receipt) issue before final SEBI nod -Alert: Bharti proposes to issue 25% equity through GDRs ...

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Analyst: Up to 200 more banks may fail in crisis – Wall Street

Posted on: Tuesday, August 25th 2009 and is filed under Market News.

Rochdale Securities analyst Bove says 150-200 more US bank failures possible in current crisis CHARLOTTE, N.C. (AP) — Banking equities analyst Richard Bove said Sunday that it’s possible 150 to 200 more U.S. banks could fail in the current banking crisis, putting greater str...

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Roubini sees “big risk” of double-dip recession: Report

Posted on: Monday, August 24th 2009 and is filed under Press Releases.

NEW YORK: Nouriel Roubini, one of the few economists who accurately predicted the magnitude of the world’s recent financial troubles, sees a “big risk” of a double-dip recession, according to an opinion piece posted on a website on Sunday. Roubini, a professor at New Y...

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Nifty at new high…surpasses 4650

Posted on: Monday, August 24th 2009 and is filed under Market News.

At 15:11pm (IST), Sensex surged 417 points at 15,658 and the NSE Nifty surged 123 points at 4,652. Unabated buying have lifted the NSE Nifty above the 4650 levels led by gains in the index heavyweights like Reliance Industries, ICICI Bank, L&T, Infosys, ITC and HDFC. At 3:13 pm (IS...

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BUY OR SELL: Indian defensives to ride out rain woes?

Posted on: Monday, August 24th 2009 and is filed under Stock Views.

MUMBAI: Poor rainfall in India has prompted brokerages to pick monsoon-proof stocks over perennial defensive favourite Hindustan Unilever, seen hurt by lower rural incomes and spending. Brokerages favour retail stocks such as ITC Ltd and Nestle India, which are less exposed to rural ma...

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Intraday calls for 24-08-09

Buy Wockhardt for a target of 172. Stoploss: 159. If markets show weakness later during the day, Sell: Tata Steel and Firstsource Solutions. ...

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Assessing a profit-booking theory

Posted on: Sunday, August 23rd 2009 and is filed under Stock Views.

Filled gaps can be used as crucial support and resistance levels.Markets are a function of human emotions. Any significant news that relates to the sector , index or an individual stock can result in temporary mismatch in demand and supply. Such extreme events results in price gaps. Price...

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