Quotes with Resistance & Support
Market Information

Intraday calls for 12-07-10

Markets likely to open slightly higher. Resistance for nifty is at 5380-5400 & Support at 5290. Buy Infrastructure Development Finance Company Ltd (IDFC) at 185.05, target: 191. Stoploss: 181 – (If possible continue to hold for 1-2 days with same sl at 181. looks good technica…

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Economists see US recovery weakening: Survey

Posted on: July 10th, 2010 and is filed under Market News.

The US economy will lose steam as the year progresses but will not slide back into recession, even though unemployment is unlikely to fall significantly, according to a survey released on Saturday. The Blue Chip Economic Indicators survey of private forecasters found analysts increasingl…

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Intraday calls for 09-07-10

Markets likely to open slightly higher. Resistance for nifty is at 5355 and support at 5220. Buy Century Plyboards (India) Ltd at 61.65, target: 64.50. Stoploss: 59.50 …

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Petrol prices may change every fortnight

Posted on: July 8th, 2010 and is filed under Press Releases.

State-owned oil firms may opt to revise petrol prices every fortnight to reflect changes in the global oil market in the free pricing regime that kicks in from next week. Petrol prices were freed from government control last month resulting in a Rs 3.50 per litre hike in rates in Delhi, …

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Intraday calls for 08-07-10

Markets likely to see a gap up opening. Support for nifty is at 5220 and resistance at 5310. Buy Cholamandalam Investment & Finance Company Ltd at 144, Target: 149. Stoploss: 141 Buy United Phosphorus Ltd at 175, Target: 182, SL: 171 …

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Hindustan Media IPO oversubscribed over 3.1 times

Posted on: July 7th, 2010 and is filed under Press Releases.

The Rs 270-crore public offering of media house Hindustan Media Ventures Ltd (HMVL) saw heavy participation from investors on the final day of issue today and got oversubscribed 3.16 times, hours before its closing. The initial public offer (IPO) of HMVL got total bids for over 4.36 cror…

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Intraday calls for 07-07-10

Markets likely to see a flat opening. If markets see weakness later during the day, sell: Tata Tea with stoploss at 124 …

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Asian markets higher on China rebound

Posted on: July 6th, 2010 and is filed under Market News.

BANGKOK (AP) — A jump in Chinese shares led Asian markets higher Tuesday as investors scooped up stocks that had been pummeled to multi-month lows but some analysts doubted the rebound would last. Weaker data from major economies over the past few weeks has diminished confidence in…

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Intraday calls for 06-07-10

Markets likely to open slightly lower. Support for nifty is at 5200 and resistance at 5280 If markets show recovery later during the day, buy: Gujarat State Petronet Ltd 2.06pm – one reason for quite a few midcaps not doing well today is that BSE Midcap index is near strong resist…

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Rs 130,000,000,000 (13,000 crore) – That’s the cost of Bharat bandh

Posted on: July 5th, 2010 and is filed under Market News.

Stating that the Bharat bandh called by the Opposition against fuel price hike has cost the economy around Rs 13,000 crore (Rs 130 billion), the industry on Monday said the protest is “odd and absurd”. “It (bandh) is not justified at all. Political parties interfering a…

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