Quotes with Resistance & Support
Market Information

Intraday calls for 30-05-12

Markets likely to open lower. Support for nifty is at 4930 and resistance at 5050. If markets show recovery later during the day, buy: Reliance industries above 695 – (Book profit in Ril at 707) …

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RIL buys back shares worth Rs 500 cr in 10 sessions

Posted on: May 30th, 2012 and is filed under Market News.

Mukesh Ambani’s Reliance Industries Ltd (RIL) has bought back shares worth a little over Rs 500 crore in just 10 trading sessions. Between May 11 and 24, the country’s second-highest valued company purchased 7.78 million shares. As on May 24, RIL had purchased a total of 19.22 millio…

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Intraday calls for 29-05-12

Markets likely to open flat. Support for nifty is at 4950 and resistance at 5050 Buy TVS Motors at 35.50, target: 37.20. Stoploss: 34.60 – (Exit from TVS motors at 35.20) For a technical view on Nifty, Tata motors, Cairn India and ACC, Read More..

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Intraday calls for 28-05-12

Markets likely to open flat. Support for nifty is at 4870 and resistance at 4950 Buy Hindalco industries at 111.90, target: 116. Stoploss: 108 – (book profit at 115) 3.08pm – Book profit in 4900ce at 78-80 …

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FIIs bet heavily in Indian market, but in Singapore

Posted on: May 26th, 2012 and is filed under Market News.

The General Anti-Avoidance Rule (GAAR) may have been deferred for a year but many foreign institutional investors (FIIs) do not want to take chances. They are shifting their trading positions to Singapore, where derivatives of India’s key equity index, the Nifty, are listed. That i…

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Intraday calls for 25-05-12

Markets likely to open flat. Resistance for nifty is at 4950. Buy Emami ltd at 475-478, target: 490. Stoploss: 468 12.50pm – buy 4900 ce at 63, target: 80. Stoploss: 4880 (spot) …

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Jet Airways posts fifth straight quarterly loss

Posted on: May 25th, 2012 and is filed under Market News.

The carrier continued to bear the brunt of high fuel costs and intense competition Jet Airways posted a fifth straight quarterly loss on Thursday, as the carrier continued to bear the brunt of high fuel costs and intense competition. Troubles at rival Kingfisher Airline, which stopped …

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Intraday calls for 24-05-12

Markets likely to open slightly higher. Resistance for nifty is at 4880 and support at 4810 Buy Colgate Palmolive at 1208, target: 1225. Stoploss: 1193 Sell Bharti Airtel on rise near 285-286, target: 277. Stoploss: 291 – (SL triggered in Bharti Airtel) …

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Sharpest ever increase in petrol price by Rs 7.50/litre

Posted on: May 24th, 2012 and is filed under Market News.

Petrol prices have been increased steeply by Rs 7.50 a litre from midnight. The increase was on the cards with the rupee continuing its free fall against the US dollar. The rupee fell to a record life low of 56 per dollar on Wednesday. State-owned oil companies have decided to raise petr…

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Intraday calls for 23-05-12

Markets likely to open flat. Support for nifty is at 4820 and resistance at 4940 Sell Tata steel at 399, target: 389. Stoploss: 406 – (Book profit in Tata steel at 395) Buy HCL Technologies above 490, target: 502. Stoploss: 482 – (if possible continue to hold hcl tech for 1-…

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