Quotes with Resistance & Support
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OIL confident of good IPO show

Posted on: September 3rd, 2009 and is filed under Press Releases.

Hyderabad: OIL India Ltd, whose Rs 2,772-crore IPO is set to open on September 7, is not jittery about the lukewarm response NHPC’s issue got from the bourses on Tuesday. NHPC’s shares closed marginally above the issue price on Tuesday. Talking to press persons as part of the…

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BUY GEODESIC – Target Achieved

Posted on: September 3rd, 2009 and is filed under Swing Calls.

Buy GEODESIC cmp 134, target: 142-145, sl 124 Target achieved in Intraday, Touched 155 levels after recommendation Call given by Kartik …

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Intraday calls for 03-09-09

Buy Canara Bank at 276, target: 283. Stoploss: 272 If markets show weakness later during the day, sell SAIL below 158 …

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Rs 12,000-14,000 cr orders in next 4-6 weeks: L&T CMD Naik

Posted on: September 2nd, 2009 and is filed under Stock News.

L&T Chairman and Managing Director A M Naik spoke to ET NOW on L&T’s order book position and the company’s plans for the power & ET_NOW_Logo defence sectors. Here is the transcript of the full interview. You recently mentioned that last one month the company…

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Climate change threatens water, food security of 1.6bn South Asians: ADB

Posted on: September 2nd, 2009 and is filed under Press Releases.

Melting Himalayan glaciers and other climate change impacts pose a direct threat to the water and food security of more than 1.6bn people in South Asia, according to preliminary findings of a new study financed by the Asian Development Bank (ADB). Melting Himalayan glaciers and other cli…

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Where is the market headed in short-term?

Posted on: September 2nd, 2009 and is filed under Market Outlook.

urudatta Dhanokar Tech Analyst and Derivative Strategist, Almondz Global IF the Nifty crosses 4730, it has the potential to rise to 5200-5300 levels (The Sensex equivalent is 17000). However, the path to this target may not be smooth and we may see some jerks of 5% or more at around 49…

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Intraday calls for 02-09-09

Markets likely to see a weak opening. Sell Sunflag Iron and Steel company at 24, target: 22.80. Stoploss: 24.80 If markets show recovery later during the day, buy: Welspun Gujarat …

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Wall Street Tumbles on Bank Failure Worries

Posted on: September 1st, 2009 and is filed under Market News.

NEW YORK (Reuters) – Stock indexes fell 2 percent on Tuesday, pushing the S&P 500 below the 1,000 threshold, on increased worries there could be more bank failures and concerns that equity prices may have run ahead of the economic recovery. The Dow Jones industrial average los…

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SEBI bars Austral from raising fund as I-T finds Rs 1000 cr fraud

Posted on: September 1st, 2009 and is filed under Stock News.

NEW DELHI: Market watchdog SEBI on Tuesday barred metallurgical coke producer Austral Coke from raising any fresh equity after the income tax department unearthed an alleged more than Rs 1,000 crore fraud in the company’s transactions. “… (SEBI) hereby prohibits Austra…

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Wallstreet: Dow, S&P fall 1 percent as caution lingers

Posted on: September 1st, 2009 and is filed under Market News.

EW YORK (Reuters) – Stocks fell on Tuesday as investors fretted that prices may have run too far ahead of the economic recovery even as data showed the U.S. manufacturing sector expanded in August after a long slump. Analysts said the ISM manufacturing data had already been priced …

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