Quotes with Resistance & Support
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Buy DLF above Rs 275 for target of Rs 290-300: Finquest

Posted on: Tuesday, July 14th 2009 and is filed under Brokerage Recommendations.

MUMBAI: Finquest Securities has advised traders to buy DLF above Rs 275 for target of Rs 290-300. “After testing the low of Rs 259, DLF bounced back to form a Doji for the day. Further it is also testing the lower band of the falling channel. A breach of immediate resistance at Rs 375...

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BHEL wins order worth Rs6.4bn

Posted on: Tuesday, July 14th 2009 and is filed under Brokerage Recommendations.

The company has secured an order for the main plant package for an upcoming Thermal Power Project in Jharkhand. BHEL has secured an order for the main plant package for an upcoming Thermal Power Project (TPP) in Jharkhand, involving one new-rating unit of 270 MW. Valued at nearly Rs6.4b...

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Buy ONGC on dips for target of Rs 1040-1060: Finquest

Posted on: Tuesday, July 14th 2009 and is filed under Brokerage Recommendations.

MUMBAI: Finquest Securities has advised traders to buy ONGC on dips for target of Rs 1040-1060. “ONGC is testing its rising testing drawn across prior bottoms of Rs 637 (5 Mar) and Rs 802 (15 May). As long as the rising trend line holds true, ONGC can edge higher towards Rs 1040/1060...

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Buy Reliance Infrastructure on dips with stoploss of Rs 920-880: Nirmal Bang

Posted on: Tuesday, July 14th 2009 and is filed under Brokerage Recommendations.

MUMBAI: Nirmal Bang has advised traders to buy Reliance Infrastructure on dips with stoploss of Rs 920-880. “Buy Reliance Infrastructure on dips with stop loss of Rs 920-880. Resistance is seen at Rs 980. If it maintains above this level then look for a target of Rs 1030-1065. The sto...

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Intraday calls for 14-07-09

Buy Bank of India at 312, target: 324. Stoploss: 309 Buy Ashok Leyland at 32, target: 34.50. Stoploss: 31.10 ...

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Oversold stocks – Likely to see good upmove if markets recover

Posted on: Tuesday, July 14th 2009 and is filed under Stock Research.

Stock name Current market Price Alok Industries 15.80 Bajaj Hindustan 132 Chambal fertilizer 50 Essar Oil 119 IFCI 38 Ispat industries 16.60 J...

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US fiscal deficit tops $1 tn for first time

Posted on: Tuesday, July 14th 2009 and is filed under Press Releases.

WASHINGTON: Nine months into the fiscal year, the federal deficit has topped $1 trillion for the first time. The imbalance is intensifying fears about higher interest rates and inflation, and already pressuring the value of the dollar. There’s also concern about trying to reverse th...

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White House: Health, green jobs growing quickly

Posted on: Tuesday, July 14th 2009 and is filed under Press Releases.

WASHINGTON (AP) — The economy in 2016 will look like the one from 2008, according to a report the White House’s economic team released Monday. The Council of Economic Advisers predicted jobs providing health care and helping the environment were likely to grow more quickly th...

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Wall Street Jumps as Analyst’s Comments Lift Financials

Posted on: Tuesday, July 14th 2009 and is filed under Press Releases.

NEW YORK (AP) — Investors are betting that strength in banks will flow to the rest of the economy. Rising financial stocks are pulling the market higher Monday after an influential banking analyst raised her rating on Goldman Sachs Group Inc., which reports earnings Tuesday. Analys...

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Buy Infosys, target of Rs 1824: KRChoksey

Posted on: Monday, July 13th 2009 and is filed under Brokerage Recommendations.

KRChoksey has maintained its buy rating on Infosys Technologies with a revised price target of Rs 1824 in its report dated June 10, 2009. “Infosys Technologies Q1FY10 net profit at Rs 1,302 crore was 13.2% higher than guidance of Rs 1,349 crore and well above street estimates. This...

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