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SAIL has support at Rs 72: Mohindar

Posted on: Wednesday, March 4th 2009 and is filed under Stock Views.

Rahul Mohindar of Viratechindia is of the view that Steel Authority of India, SAIL has support at Rs 72. Mohindar told CNBC-TV18, “In SAIL – there is good support at Rs 72 – so if I am long I would keep a stop loss below Rs 72. I think the short-term move is good to go till abo...

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S&P below 700 for the first time in 12 years

Posted on: Wednesday, March 4th 2009 and is filed under Press Releases.

US markets retreated on Tuesday’s close, as Federal Reserve Chairman Ben Bernanke said that economic prospects remained uncertain. He also said that more action would be necessary to jolt the economy out of the financial crisis. The S&P ended a few points below the 700 mark for the...

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Buy Bhushan Steel – SL Triggered

Posted on: Wednesday, March 4th 2009 and is filed under Swing Calls.

Buy Bhushan Steel at cmp: 308, target: 324. Stoploss: 304 Call given by Kartik ...

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Intraday calls for 04-03-09

Posted on: Wednesday, March 4th 2009 and is filed under Intraday Tips, Daytrading, Intraday tips for free NSE BSE Breakouts Daily intraday tips calls.

Buy National Aluminium Company at 198.50, target: 205. Stoploss: 196. Buy Grasim Industries at 1364, target: 1395. Stoploss: 1347 If markets show weakness later during the day, short sell: Reliance infrastructure. ...

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Market Review for 4th March 2009 : PrakashGaba

Posted on: Tuesday, March 3rd 2009 and is filed under Market Outlook.

BSE Sensex: (8607) the market unfolded weak yet again as expected and has still not shown any signs of strength so far and I would suspect any move that goes up…the next logical target on the downside is 8168 with some supports coming in at 8400. ...

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Pull back likely

Posted on: Tuesday, March 3rd 2009 and is filed under Market Outlook.

After three day’s of losses, bulls might get some relief as traders may consider the recent set back as overdone. Technically the Nifty index would see support at 2,524 levels. It was the third trading session where markets ended with sharp losses. ...

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Merger of RIL-RPL to complete in about 5 months: Advisor

Posted on: Tuesday, March 3rd 2009 and is filed under Stock Views.

New Delhi: The merger of Mukesh Ambani group firms Reliance Petroleum (RPL) with Reliance Industries (RIL) would take about five months to be completed, Ernst & Young, the deal’s valuation advisor, has said. “The procedure for approvals of these mergers involve getting ap...

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Rupee slumps to record low as stocks tumble

Posted on: Tuesday, March 3rd 2009 and is filed under Press Releases.

MUMBAI: The rupee dropped to a record low beyond 52 per dollar on Tuesday, undermined by a slump in the stock market to its lowest close in more than three years as investors became more risk averse. Dealers said sporadic dollar selling by the central bank via state-run banks stemmed the ...

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Buy Gujarat Gas, target of Rs 340: Angel Broking

Posted on: Tuesday, March 3rd 2009 and is filed under Brokerage Recommendations.

Angel Broking has maintained its buy rating on Gujarat Gas Company with a target price of Rs 340 in its February 27, 2009 research report. Gujarat Gas reported Top-line de-growth of 4.3% yoy to Rs 330.9 crore (Rs 345.9 crore) primarily due to lower gas distribution volumes to small and mi...

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Networth neutral on Tata Steel

Posted on: Tuesday, March 3rd 2009 and is filed under Brokerage Recommendations.

Networth Stock Broking has maintained its neutral rating on Tata Steel in its March 02, 2009 research report. “Tata steel reported consolidated Net Sales of Rs 33,191 crore for Q3FY09 as against Rs 31,898 crore in Q3FY08 an increase of 4%. ...

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