Quotes with Resistance & Support
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Sector Review: Retail

Posted on: Wednesday, February 18th 2009 and is filed under Brokerage Recommendations.

Macquarie Research: The Indian retail sector is currently going through a rough patch. While falling real estate costs provide some relief, slowing same store sales growth and a capital crunch have impacted growth prospects and profitability. ...

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Sharekhan recommends Hindustan Unilever

Posted on: Wednesday, February 18th 2009 and is filed under Brokerage Recommendations.

As was anticipated by us, Hindustan Unilever Ltd (HUL) has started passing on the benefits of the declining raw material prices and the savings on account of the reduction in the excise duty recently announced by the government in a stimulus package. The company reduced the prices and inc...

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Nifty seen in 2800-2950 range, put writing at 2800-2700

Posted on: Wednesday, February 18th 2009 and is filed under Market Outlook.

MUMBAI: Despite weak cues from the global markets, Indian stocks managed to trim most of their early losses in a choppy trade Wednesday. National Stock Exchange’s 50-share Nifty closed the day 0.20 per cent higher at 2776.15 while BSE Sensex slipped 0.22 per cent to close at 9015.18. ...

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Recession will be worst since 1930s: Greenspan

Posted on: Wednesday, February 18th 2009 and is filed under Press Releases.

NEW YORK: Former US Federal Reserve Chairman Alan Greenspan said on Tuesday the current global recession will “surely be the longest and deepest” since the 1930s and more government rescue funds are needed to stabilize the US financial system. ...

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KEC International spurts on winning order

Posted on: Wednesday, February 18th 2009 and is filed under Stock News.

At 10:19am (IST), Shares of KEC International have surged by over 4% to Rs144. Shares of KEC International have surged by over 4% to Rs144 after the company announced that it won order worth Rs3.65bn. ...

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Stocks to watch: Satyam, Maytas, Hindalco, SBI, Siemens, DLF, Tata Steel

Posted on: Wednesday, February 18th 2009 and is filed under Stock News.

MUMBAI: Crude oil prices were lower in Asian trade Wednesday. New York’s main futures contract, light sweet crude for delivery in March, eased to $34.92 per barrel. Brent North Sea crude for April delivery fell to $40.73. ...

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Nifty has support at 2670-2700: Gujral

Posted on: Wednesday, February 18th 2009 and is filed under Market Outlook.

Technical Analyst, Ashwani Gujral: Market will have a gap down opening on account of weak global cues. Supports are at 2670-2700 and resistances are at 2800-2860. ...

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Wall Street hits three-month low

Posted on: Wednesday, February 18th 2009 and is filed under Market News.

The sentiment remains weak amid apprehensions that government efforts to combat the recession won`t be sufficient. US President signs stimulus bill into law US stocks tumbled on Tuesday, extending the current bad run in global equities amid mounting concerns that the worldwide recession i...

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FIIs net buy Rs 481 cr in F&O on Tuesday

Posted on: Wednesday, February 18th 2009 and is filed under Market News.

The Foreign institutional investors (FIIs) were net buyers of Rs 481.48 crore in the futures & options segment on Tuesday.According to data released by the NSE, FIIs were net sellers of index futures to the tune of Rs 469.65 crore while bought index options worth Rs 837.36 crore. ...

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Intraday calls for 18-02-09

Markets likely to see a gap down opening. If markets show recovery later during the day, buy Opto Circuits India above 89 with a stoploss at 88 and GMR infrastructure.. ...

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