Quotes with Resistance & Support
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Pessimism too high, time to buy: Mobius

Posted on: Thursday, March 12th 2009 and is filed under Press Releases.

NEW YORK: Veteran fund manager Mark Mobius sees a potential 20 percent rise in emerging market stocks in 2009 and views extreme investor pessimism as a signal to gradually start buying equities. “The danger we face now is being too pessimistic,” Mobius, the executive chairman ...

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Nifty closes at 2600; Bharti, Suzlon fall

Posted on: Thursday, March 12th 2009 and is filed under Market News.

MUMBAI: Indian benchmarks retreated in the last half an hour of trade but still ended in the green as traders booked profits at higher levels. National Stock Exchange’s Nifty ended at 2602.40, up 29.25 points or 1.14 per cent. The index touched an intra-day high of 2646.10 and low of 2...

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‘China may be the world’s worst-affected economy’

Posted on: Thursday, March 12th 2009 and is filed under Press Releases.

The next shock to the global economy, already reeling from recession, could come from China, which witnessed excessive ‘malinvestment’ during the boom years and where the investment structure is collapsing rapidly, says economist and Asianomics founder Jim Walker. ...

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Nagarjuna Const bags Rs 263cr orders

Posted on: Thursday, March 12th 2009 and is filed under Stock News.

Nagarjuna Construction Co Ltd (NCCL), a Hyderabad-based infrastructure development company, has bagged three new contracts aggregating Rs 263 crore.The first order, valued at Rs 119 crore, was secured from the Maharashtra State Electricity Distribution Company Ltd for a turnkey contract f...

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January IIP at -0.5% versus -0.6% in December 2008

Posted on: Thursday, March 12th 2009 and is filed under Press Releases.

The January Index of Industrial Production (IIP) number has come in at -0.5% versus -0.6% in December 2008. The December figure of -2.2% has now been revised to -0.6%. The year-on-year comparison: the January 2008 figure stood at 6.18%. ...

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Buy Bombay Rayon Fashions – Target achieved on 13th March’ 09

Posted on: Thursday, March 12th 2009 and is filed under Swing Calls.

Buy BOMBAY RAYON FASHIONS LTD CMP 113.90 Target 123. SL 110 Touched 126.50 on 13th March’ 2009. Target achieved in 1 day Call given by Kartik ...

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Intraday calls for 12-03-09

Markets likely to see a gap up opening. If markets see profit booking later during the day, short sell: Axis bank (below 280) and Renuka Sugars. ...

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Market Review for 12th March 2009: Prakash Gaba

Posted on: Wednesday, March 11th 2009 and is filed under Market Outlook.

BSE Sensex: (8160) the market has seen a lo of 8047 a day earlier which has not been breached in the current trading session trading session and the indicators are over stretched and so a violent reaction on the upside is not ruled out…. ...

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Satyam suitors may get info for last 2 quarters

Posted on: Wednesday, March 11th 2009 and is filed under Press Releases.

No liabilities to be shared. The Satyam board may present prospective bidders for the troubled Satyam Computer Services with operating statements for two quarters — October-December 2008 and January-March 2009 — to help them arrive at a decision. ...

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Ambit initiates Punj Llyod with “BUY”; target of Rs 110

Posted on: Wednesday, March 11th 2009 and is filed under Brokerage Recommendations.

MUMBAI: Ambit Capital has initiated coverage on Punj Llyod Ltd with a “BUY” rating and a SOTP target of Rs 110 (valued Punj Llyod at Rs 98 based on 8xFY10E earnings, Pipavav Shipyard at Rs 12 (book value), Punj Llyod currently trades at 5.7x FY10E earnings). ...

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