Quotes with Resistance & Support
Market Information

Intraday calls for 15-02-12

Markets likely to open a bit higher. Support for nifty is at 5410 Buy BF Utilities at 452, target: 465. Stoploss: 444 Buy IVRCL infra at 61.20, target: 64. Stoploss: 59 …

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Israel may target Iran after embassy car attack

Posted on: February 14th, 2012 and is filed under Market News.

New Delhi: As tension mounts following Monday’s attack on an Israeli embassy car in New Delhi, Israel may hit Iran where it hurts the most, by targeting its oil and nuclear facilities. Israel may strike Iranian targets using its F-16 and F-15 fighters and bombers crossing the Iraqi …

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Intraday calls for 14-02-12

Markets likely to open flat. Resistance for nifty is at 5420 and support at 5350 Buy Biocon at 289-290, target: 298. Stoploss: 284 …

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Govt wants its divestment sum assured, dials LIC

Posted on: February 14th, 2012 and is filed under Market News, Press Releases.

The government has allowed the Life Insurance Corporation (LIC) to increase stake in public sector entities beyond the 10 per cent cap. The move will help the insurance behemoth to meet the investment target for the financial year and support the government’s efforts to fast-track d…

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Intraday calls for 13-02-12

Markets likely to open flat. Nifty has resistance at 5420 and support at 5320. Buy Usha Martin at 34.90, target: 37. Stoploss: 33.50 …

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Freight index crashes 66% in 2 months

Posted on: February 13th, 2012 and is filed under Market News.

Freight rates for dry bulk cargo, as reflected by the benchmark Baltic dry bulk index, have crashed in the past two months. The index, at 1,930 on December 12, fell 66.5 per cent to 647 in early February and moved up marginally, to 695, in the past few days. Industry leaders say the cras…

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S&P downgrades 34 Italian banks

Posted on: February 11th, 2012 and is filed under Market News.

Rating agency Standard & Poor’s downgraded 34 Italian banks on Friday, including heavyweights UniCredit and Intesa Sanpaolo, citing a reduced ability to roll over their wholesale debt and expected weak profitability. The move follows S&P’s downgrade of Italy’s…

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Dow Takes Worst Fall of 2012 as Greek Deal Unravels

Posted on: February 11th, 2012 and is filed under Market News.

FOX Business: The Power to Prosper The blue chips took their biggest fall of 2012 as traders watched a crucial debt deal in Greece that seemed secure just a day earlier fall victim to political uncertainty and responded to disappointing economic data from the U.S. Today’s Markets …

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Another dent in growth: IIP plunges

Posted on: February 10th, 2012 and is filed under Market News.

Industrial production grew just 1.8 per cent year-on-year in December 2011 due to contraction in mining and capital goods sectors and a lower manufacturing sector growth. Factory output growth, as measured by the Index of Industrial Production (IIP), was at 8.1 per cent in December 2010….

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Intraday calls for 10-02-12

Markets likely to open flat, support for Nifty at 5380 Buy Suzlon at 31.5, Target: 33.50, SL 30 – (exit Suzlon at 31.40) Buy Unitech at 29.5, Target: 31.20, SL 28 – (Exit unitech at 29.30) 11.36am – Exit bharat forge at 309 12.29pm – buy 5300 pe at 50, target: …

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