Quotes with Resistance & Support
Market Information

Intraday calls for 16-12-08

Markets likely to open flat. On intraday dips, buy: Orbit Corporation and Reliance capital. ...

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Nifty has resistance at 3000-3050: Anand Rathi

Posted on: Monday, December 15th 2008 and is filed under Market Outlook.

According to Anand Rathi Securities’ report, the immediate support for the Nifty will be at 2850-2800 level & the resistance @ 3000-3050 level. Anand Rathi Securities’ report. The immediate support for the Nifty will be at 2850-2800 level & the resistance ...

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Sensex ends 1.47% up on foreign buying

Posted on: Monday, December 15th 2008 and is filed under Market News.

Mumbai: The benchmark Sensex closed 1.47% higher on Monday, December 15, as foreign funds buying continued. Other factors that kept the bullish sentiment intact were the rising Asian markets and the latest announcement of slashed interest rates on home loans between Rs5-20 lakh by PSU ban...

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Motilal Oswal maintains ‘buy’ on DLF but lowers NAV

Posted on: Monday, December 15th 2008 and is filed under Brokerage Recommendations.

MUMBAI: Motilal Oswal maintained ‘buy’ call on DLF at Rs 257 per share. However, the brokerage has lowered the NAV for DLF by 24.7 per cent from Rs480/share to Rs361 / share to account for slower launch of new projects and lower real estate prices. The residential vertical accounts f...

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Long term, it’s red for equities

Posted on: Monday, December 15th 2008 and is filed under Market Outlook.

MUMBAI: Stocks have barely managed to beat bond yields over the past 10 years, an analysis of the earnings of indices such as Sensex, the BSE 100 and the BSE 500 show. And if things get worse from here, which seems a distinct possibility, yesterday’s rock stars might end up delivering...

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Intraday calls for 15-12-08

Markets likely to see a gap up opening. Buy: Voltamp Transformers, target:353 and Bombay Rayon Fashions (Above 135), target: 144 If we see profit booking later during the day, short sell: Infosys Technologies. ...

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WKLY TECH ANALYSIS: Sensex likely to test 10,000-mark – BS

Posted on: Sunday, December 14th 2008 and is filed under Market Outlook.

Business-Standard: Last week, the markets displayed strength despite negative news on the domestic and global fronts. The Sensex moved in a tight range of 649 points. From a low of 9,096, the index faced resistance around 9,746. The Sensex finally ended the week at the higher end of the...

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Bear market rally seems like a set up for a crash

Posted on: Saturday, December 13th 2008 and is filed under Market Outlook.

Markets in Asia and Europe fell sharply after the US senate rejected a $14 billion (Rs68,180 crore) rescue plan for auto makers. With large auto companies now headed towards bankruptcy, the world economy would be further damaged. ...

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Nifty may wake up early to beat S’pore hangover

Posted on: Saturday, December 13th 2008 and is filed under Market News.

KOLKATA: Ten years is a fairly long slice of time to continue with some set patterns. In November 1994, the National Stock Exchange (NSE) had gone live with its capital market trading, the Bombay Stock Exchange (BSE) became fully automated in 1996-97, and from November 18, 1998, official ...

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SAIL to buy 50% stake in Steel Complex

Posted on: Friday, December 12th 2008 and is filed under Market Outlook.

Steel Authority of India (SAIL), the country’s largest steel producer, today said it has entered into an agreement with the Kerala government to acquire up to 50 per cent stake in state-run Steel Complex for Rs 8.38 crore.The target firm is a government of Kerala undertaking and wil...

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