Applications supported by blocked amount help investors in IPOs and NFOs to earn interest till shares or units are allotted. Investors in initial public offerings (IPOs) of companies are often confused. While it makes great sense to enter a company when it is being listed, there is littl…

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Markets likely to open flat, strong resistance at 5510. Buy Nestle around 3130, Target: 3160, SL 3110 12.24pm – buy DrReddy at 1393, target: 1415-1420. Stoploss: 1375 …

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Markets likely to open higher. Resistance for nifty is at 5520. Buy Cholamandalam Investment & Finance Company Ltd at 165.75, target: 170. Stoploss: 161 Buy Bharti Airtel Ltd at 337.65, target: 344. Stoploss: 331. – (Continue to hold for 1-2 days. looks good technically, can …

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Markets likely to open gap up. Support for nifty is at 5350 and resistance at 5480. Sell Reliance Capital on rise with stoploss at 775. …

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The US unit of Indian drugmaker Sun Pharmaceutical has received a warning letter from the United States Food and Drug Administration (USFDA) after its New Jersey manufacturing plant was inspected.Sun plans to respond to the USFDA within 15 days, and the company would work “cooperati…

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Markets likely to open lower. Support for nifty is at 5350 and resistance at 5440. If markets show recovery later during the day, buy: Glodyne Technoserve Ltd. …

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Mukesh Ambani promoted, Reliance Industries Ltd announced that it has acquired a 14.12 per cent stake in EIH Ltd. The acquisition was made through Reliance Industries Investment and Holding Pvt Ltd, a wholly owned subsidiary of RIL, said the company in a filing with the Bombay Stock Excha…

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Markets likely to open gap-up. Buy Escorts at 196, Target: 202, SL 192 – Book profits at 202.30 11.07am – buy hero honda at 1796, target: 1810. Stoploss: 1780 – (Continue to hold Hero honda till tomorrow. Is near strong support levels, likely to bounce back. Maintain s…

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Oil marketing companies want to change over to monthly review from fortnightly. If the oil marketing companies (OMCs) increase the price of petrol on September 1, blame it on the new pricing mechanism. The change from a fortnightly review to a monthly one makes a case for petrol price ri…

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We have always noticed stocks moving in a trading range for long. This at times does get frustrating. Upside limit of this range is always a strong resistance level for the stock. This is where a stock witnesses heavy selling pressure/profit booking and finds it difficult to move above a …

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