Click on chart to enlarge: Nifty: Nifty is managing to hold strong support levels of 5100-5150 for quite some time now. On the upside has resistance near 5280-5300 levels. If manages to break 5100-5150 levels, it could head lower to 4950 levels. On the upside above 5280-5300, can see 5…

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Markets likely to open flat. Support for nifty is at 5130 and resistance at 5260 Buy ICICI bank at 860-865, target: 880. Stoploss: 847 – (Book profit in ICICI bank at 875) 1.54pm – Sell Aban Offshore (fut) at 423.50, target: 415. Stoploss: 430 …

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Infosys, the country’s second-largest software services exporter, forecast a lower-than-expected 8 to 10% rise in full-year revenue in dollars, sending its shares down more than 10%. According to experts, the results are very disappointing and the stock may be re-rated soon. (Read:…

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Markets likely to open higher. Resistance for nifty is at 5320 Buy Raymond at 406, target: 416. Stoploss: 400 – (SL triggered) 2.13pm – Book profit in 5200 pe at 75 Currently traveling so won’t be able to respond to queries till 1pm …

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A second day of fighting between Sudan and South Sudan in their disputed border regions has prompted international concern that the conflict might develop into outright war. The African Union says it is deeply alarmed by the clashes over oilfields, and called on both sides to exercise t…

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Commercial vehicle maker Ashok Leyland, part of the London-based Hinduja Group, is to enter Britain’s mid-range truck market through a tie-up by its Prague-based subsidiary, Avia Ashok Leyland. The latter has joined hands with a group of businessmen in the UK and launched a company cal…

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Markets likely to open flat. Support for nifty is at 5130 and resistance at 5280 Buy Reliance Industrial Infrastructure at 440-442, target: 452. Stoploss: 431 12.04pm – Book profit in Maruti at 1305 1.21pm – Buy 5200 pe at 58.50, target: 72. Stoploss: 5290 (spot) – (C…

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Quake centered 33 km beneath the ocean Jakarta: Indonesia issued a tsunami warning Wednesday after an earthquake with a preliminary magnitude of 8.7 hit waters off westernmost Aceh province. People on Twitter said tremors were felt in Singapore, Thailand, Malaysia and India. High-rise ap…

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Markets likely to open lower. Strong support for nifty is at 5130 If markets show recovery later during the day, Buy Tata motors above 280 9.40am – buy 5300 ce at 55.35, target: 68-70. Stoploss: 5170 (spot) – (Book profit at 68-69) 2.02pm – Buy Maruti Suzuki at 1285, …

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By Steve James NEW YORK (Reuters) – Aluminum producer Alcoa Inc surprised Wall Street with a first-quarter profit after a loss in the fourth quarter of 2011 as global markets improved, especially in the aerospace and automobile sectors. The results, which beat analysts’ fore…

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