Quotes with Resistance & Support
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Intraday calls for 20-12-11

Markets likely to open flat, Support for nifty is at 4550 and resistance at 4680 Sell Jaiprakash Associates at 58.60, Target: 56, SL 61 – (book profit at 55) 11.50am – Buy 4600 call at 95.50, target: 110. Stoploss: 4580 (cash) – (sl triggered) …

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Commodities lose more than equities globally

Posted on: December 20th, 2011 and is filed under Market News.

While the recent downward spiral in assets such as equities and commodities started around the end of July, globally the fall has been much sharper in the latter. In the five months since the US rating downgrade, commodities have lost 11.27 per cent (on the all commodity index of S&P …

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Intraday calls for 19-12-11

Likely to open lower. Support for nifty is at 4630 and resistance at 4720 If markets show recovery later during the day, buy Aban Offshore above 337 with sl at 330 …

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Week ahead: Market may be volatile with downward bias

Posted on: December 18th, 2011 and is filed under Market News.

Indian bourses are expected to remain highly volatile with a downward bias in the week ahead, but may see a positive opening on Monday after witnessing a steep fall last week, according to analysts. “Markets will be highly volatile with a downward bias this week. A combination of g…

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Intraday calls for 16-12-11

Markets likely to open flat, support for Nifty at 4680 Buy Jyothy Laboratories at 158, Target: 163, SL 154 To view technical analysis of DLF, IDFC, JSW Steel & Nifty – Click here. 3.00pm &…

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Technical View :: Nifty, DLF, IDFC & JSW Steel

Posted on: December 16th, 2011 and is filed under Market News, Swing Calls, Techinicals Breakouts NSE BSE.

Click on image to enlarge the chart. Nifty: Nifty continues to find support at 4680-4700 levels. It has managed to see a bounce from these quite a few times in the last 3 months. Fresh shorts can be initiated once it manages to break 4680 on closing basis. DLF: DLF is finding good sup…

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Intraday calls for 15-12-11

Markets likely to open lower, support for nifty at 4690 Sell Cox & Kings around 174, Target: 165, SL 181 – (exit Cox & Kings at 178) (trade in small quantity) 10.53am – sell JSW Steel (fut) at 522, target: 510. Stoploss: 533 (1-2 day hold) – Continue to hold…

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Gold drops nearly 5%, breaks 200-day average

Posted on: December 15th, 2011 and is filed under Market News.

SAN FRANCISCO (MarketWatch) — Gold futures skidded nearly 5% Wednesday, sinking below the $1,600 level for the first time in nearly three months, as a drop in the euro signaled a new level of anxiety about the region’s debt crisis and investors sought cash as the safest asset. The de…

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Areva T&D at 3-yr low on demerger of distribution biz

Posted on: December 14th, 2011 and is filed under Market News.

Areva T&D India has slipped 29% to Rs 140 on the National Stock Exchange on demerging its distribution (medium voltage) business operations into wholly-owned subsidiary, Smartgrid Automation Distribution and Switchgear Limited. The board of directors of the company has fixed Decembe…

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Markets trading slightly higher, Banks surge

Posted on: December 14th, 2011 and is filed under Market News.

Benchmark Indices are trading slightly higher after making a lower beginning reacting to weak global cues. All eyes are on the November monthly inflation figure to be announced shortly. Global markets are down as Federal Reserve delivered little hope that it would turn on easing anytime …

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