Quotes with Resistance & Support
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Nifty ends at day’s high; ICICI Bank, Sterlite surge

Posted on: June 26th, 2009 and is filed under Market News.

MUMBAI: Indian markets ended the first day of July series on a high note on Friday. Buying was seen across the board with frontline stocks outperforming midcap space. National Stock Exchange’s Nifty closed at 4376.20, 134.35 points or 3.17 per cent. The broader index touched an intra-…

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Traders work out strategies for budget rally

Posted on: June 26th, 2009 and is filed under Market Outlook.

MUMBAI: Wealthy stock traders — those who missed out the post-election result rally as well as the handful who tasted success — are trying to ensure that they have a winning formula ready to cash in on the post-Budget swing in stock prices. These players are creating trading combinat…

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Stocks to Watch: Tata Steel, Tata Motors, Reliance Infra

Posted on: June 26th, 2009 and is filed under Stock News.

MUMBAI: Oil prices extended gains in Asian trade on Friday as attacks on pipelines in crude producer Nigeria worsened and the US dollar took a hit after a recent rally. New York’s main futures contract, light sweet crude for delivery in August, climbed 24 cents to $70.47 a barrel. …

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SEBI bans 5 for falsely cornering Pyramid Samira shares

Posted on: June 25th, 2009 and is filed under Stock News.

MUMBAI: Market regulator SEBI on Thursday banned 5 persons, who are allegedly involved in the Pyramid Samira case, from buying and selling shares in capital markets for 3 years after the watchdog found they had cornered employee quota shares of the company by pretending to be on its role…

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Areva bags Rs 1,200-cr power project from JSPL

Posted on: June 25th, 2009 and is filed under Stock News.

Areva T&D India, an arm of French power equipment maker Areva, today said it has bagged an order worth about Rs 1,200 crore from domestic steel major Jindal Steel & Power Ltd (JSPL) for a power project. The company has been awarded this contract for a 400/220 kV substation and …

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Stocks end lower on F&O expiry

Posted on: June 25th, 2009 and is filed under Market News.

MUMBAI: Stocks settled on a lower note on the last day of the June derivative series amid volatility. Even the secondline space which was in focus for a major part of the day gave in to profit booking. Sectorwise, consumer durables and automobile stocks were hit while realty and bankin…

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Intraday calls for 25-06-09

Buy Bombay Dyeing at 316, target: 327. Stoploss: 312 Buy Reliance communications at 302, target: 314. Stoploss: 299 …

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Difference between Trading and Investing

Posted on: June 25th, 2009 and is filed under .

A Large number of people are confused with what is trading and what is Investing. Investing on one hand is like buying a asset (a bunch of stocks is Stock market) and holding it for a long time say 10 or more years. Many Investors buy stocks for long run and then sell them off in huge pr…

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What is Technical Analysis ? How is it different from Fundamental Analysis ?

Posted on: June 25th, 2009 and is filed under .

The stock market used to be filled with technical analysts deciding what to buy and sell, until it was decided that their success rate is no better than chance. Now technical stock analysis is virtually non-existent. Research and examination of the market and securities as it relates to …

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What is Open Offer ?

Posted on: June 25th, 2009 and is filed under .

Open Offer: Perhaps the most above board of takeover bids, in which the bidder makes its intention known through an open advertisement, followed by letters of offer to shareholders, to buy the shares of the target company at a stated price, usually quite above the ruling market price. The…

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