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Posted on: June 11th, 2009 and is filed under Stock Views.

UMBAI: The frenzied rally on Dalal Street since early April seems to be evoking, among many investors, memories of the 2007 bull run and the BSE Investing for long term Become your own financial planner Get set for long-term investment Investing in volatile markets Tax-saving invest…

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Buy Bharat Forge with stoploss of Rs 175: Arihant

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

MUMBAI: Arihant Capital Market has advised traders to buy Bharat Forge with stoploss of Rs 175. “On the daily charts, Bharat Forge is in buy on RSI and its 14-days RSI is currently at 65 (above 50 is consider to be in strong hands). BFL is looking weak on daily chart and has formed a…

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Buy Ranbaxy with stoploss of Rs 280: Arihant

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

MUMBAI: Arihant Capital Market has advised traders to buy Ranbaxy with stoploss of Rs 280. “On the daily charts, Ranbaxy is in buy on RSI and its 14 days RSI is currently at 66 (above 50 is consider to be in strong hands). Ranbaxy is looking strong on daily chart and has formed Trend …

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Buy Indus Ind Bank with stoploss of Rs 73.30: Angel

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

MUMBAI: Angel Broking has advised traders to buy Indus Ind Bank with stoploss of Rs 73.30. “Indus Ind Bank has given a trend line breakout with rising volumes. Further, it has given a positive crossover on RSI and Stochastic oscillators. Traders can buy this stock above Rs 79 levels w…

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In 3 months, Rs 100 could grow to Rs 1.9 cr in Indian market

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

MUMBAI: In 1999, when he was barely 18 years old and still a student, American Timothy Sykes decided to invest his $12,000 gift money in the stock market. In a little over two years, his investment had grown to $1.65 million. Impressive, no doubt, but it’s still not the stock market in…

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Satyam may test Rs 95-96: Baliga

Posted on: June 11th, 2009 and is filed under Stock Views.

Ambareesh Baliga of Karvy Stock Broking is of the view that Satyam can test Rs 95-96. Baliga told CNBC-TV18, “In Satyam you will have at least another one-two circuit before it comes off; assuming that the markets hold on at these levels. So, I think closer to Rs 95-96.” sou…

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Stocks fall after initial upmove; realty down

Posted on: June 11th, 2009 and is filed under Market News.

MUMBAI: Stocks lost steam on Thursday after a brief positive start as investors chose to book profits in recent gainers. Realty and technology stocks took a hit while healthcare and auto stocks edged higher. After opening on a firm footing, Bombay Stock Exchange’s Sensex lost 73 point…

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Nifty touches 52-week high; uptrend to continue

Posted on: June 10th, 2009 and is filed under Market Outlook.

MUMBAI: Bulls extended their winning streak on Wednesday, taking the Indian equity benchmarks to 52-week highs. Traders defied cautious calls from experts that markets are over-heated and a correction is imminent. The rally was led by power, capital goods and banks while broader markets s…

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NMDC to acquire stake in Kudremukh Iron Ore

Posted on: June 10th, 2009 and is filed under Stock News.

MUMBAI (Reuters) – State-owned NMDC Ltd will acquire a majority stake in Kudremukh Iron Ore Co Ltd (KIOCL), federal steel minister Virbhadra Singh said on Wednesday. “This partnership acquisition will ensure continuous supply of iron ore to KIOCL from NMDC,” he told re…

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Satyam faces claims worth Rs 10,000 cr

Posted on: June 10th, 2009 and is filed under Stock News.

New Delhi: Euphoria over the Rs 181 crore net profit in October-December 2008 notwithstanding, Satyam is still not out of the woods as it faces legal and other claims that could put a burden of up to Rs 10,000 crore on it. These include claims worth about Rs 400 crore related to four over…

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