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Buy Indus Ind Bank with stoploss of Rs 73.30: Angel

Posted on: Thursday, June 11th 2009 and is filed under Brokerage Recommendations.

MUMBAI: Angel Broking has advised traders to buy Indus Ind Bank with stoploss of Rs 73.30. “Indus Ind Bank has given a trend line breakout with rising volumes. Further, it has given a positive crossover on RSI and Stochastic oscillators. Traders can buy this stock above Rs 79 levels w...

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In 3 months, Rs 100 could grow to Rs 1.9 cr in Indian market

Posted on: Thursday, June 11th 2009 and is filed under Press Releases.

MUMBAI: In 1999, when he was barely 18 years old and still a student, American Timothy Sykes decided to invest his $12,000 gift money in the stock market. In a little over two years, his investment had grown to $1.65 million. Impressive, no doubt, but it’s still not the stock market in...

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Inflation falls to 0.13% for the week ended May 30

Posted on: Thursday, June 11th 2009 and is filed under Press Releases.

The governemnt revised inflation for the week ended April 4 to 0.83% from 0.18%. The annual rate of inflation, calculated on point to point basis, stood at 0.13% for the week ended May 30, 2009 as compared to 0.48% for the previous week ended May 23, 2009 and 9.32% during the correspondi...

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Kotak Mahindra has target of Rs 800: Gujral

Posted on: Thursday, June 11th 2009 and is filed under Stock Views.

Technical Analyst, Ashwani Gujral is of the view that Kotak Mahindra Bank has next target of Rs 800. Gujral told CNBC-TV18, “Kotak Mahindra Bank gave a sort of a breakout and the next target here could be around Rs 800. But a lot of these banks are breaking out and then losing stea...

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Satyam may test Rs 95-96: Baliga

Posted on: Thursday, June 11th 2009 and is filed under Stock Views.

Ambareesh Baliga of Karvy Stock Broking is of the view that Satyam can test Rs 95-96. Baliga told CNBC-TV18, “In Satyam you will have at least another one-two circuit before it comes off; assuming that the markets hold on at these levels. So, I think closer to Rs 95-96.” sou...

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UltraTech Cement slips on block deal

Posted on: Thursday, June 11th 2009 and is filed under Stock News.

~13.67mn shares, or about 11% of its equity was traded in a single transaction on the NSE. Shares of UltraTech Cement have declined by over 4.5% to Rs726 after L&T offloaded its entire stake in the company to a group of investors. ~13.67mn shares, or about 11% of its equity was trad...

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Satyam hits 10% upper circuit for the third day

Posted on: Thursday, June 11th 2009 and is filed under Stock News.

Satyam Computers for the third consecutive day has hit the 10% upper circuit . The stock opened at Rs 80.5 and got locked there. Around 786,676 shares have been traded on the BSE today.In the Indian ADRs also,Satyam Computers surged a massive 36% to $4.94 source: Business-Standard ...

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Stocks fall after initial upmove; realty down

Posted on: Thursday, June 11th 2009 and is filed under Market News.

MUMBAI: Stocks lost steam on Thursday after a brief positive start as investors chose to book profits in recent gainers. Realty and technology stocks took a hit while healthcare and auto stocks edged higher. After opening on a firm footing, Bombay Stock Exchange’s Sensex lost 73 point...

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Intraday calls for 11-06-09

Posted on: Thursday, June 11th 2009 and is filed under Intraday Tips, Daytrading, Intraday tips for free NSE BSE Breakouts Daily intraday tips calls.

Buy Bata India around 163-165, target: 175. Stoploss: 160 Buy Bajaj Hindusthan at 202.50, target: 212. Stoploss: 200 If market show weakness later during the day, short sell:
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Nifty touches 52-week high; uptrend to continue

Posted on: Wednesday, June 10th 2009 and is filed under Market Outlook.

MUMBAI: Bulls extended their winning streak on Wednesday, taking the Indian equity benchmarks to 52-week highs. Traders defied cautious calls from experts that markets are over-heated and a correction is imminent. The rally was led by power, capital goods and banks while broader markets s...

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