Quotes with Resistance & Support
Market Information

Intraday calls for 04-06-09

Markets likely to open weak.. Nifty has good support at 4450-4480. Once markets show signs of recovery buy GMR infra and Biocon. One may buy Read More..

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United Spirits – Breaks out- Target hit!!

Posted on: June 4th, 2009 and is filed under Techinicals Breakouts NSE BSE.

United Spirits also known as McDowell and Company limited has resistance at 1000. It has made a double top between 1000-1015.. It is likely to face selling pressure at 1000 levels.  Once it manages to cross 1015 it can head upto 1120. …

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Sensex can outperform its Asian peers: Morgan Stanley

Posted on: June 3rd, 2009 and is filed under Market Outlook.

MUMBAI: Indian firms may sell shares worth up to $30 billion annually over the next three years as the return of economic growth draws investors back to Asia’s third-largest economy, a senior official at Morgan Stanley said. That would match the record $31 billion raised by Indian …

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Market Review for 4th June 2009

Posted on: June 3rd, 2009 and is filed under Market Outlook.

BSE Sensex: (14871) we said ‘as it climbs higher it sets itself UP for a reaction. I would be cautious…it never hurts’ the market unfolded as expected and the market has once again generated an indecisive pattern near zone of resistance…I would expect a big move either up or down …

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Wait! Don’t invest in a MF just for dividend

Posted on: June 3rd, 2009 and is filed under Stock Views.

Well, there is a lot of difference in dividend from shares and dividend from mutual fund. The dividend from shares is given from the profit of the company. It shows the company’s robust performance and strong balance sheet. On the other hand, dividend from mutual fund is declared only t…

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BHEL signs MoU with IIT Madras

Posted on: June 3rd, 2009 and is filed under Stock News.

Bharat Heavy Electricals Limited’s (BHEL) Tiruchy and Ranipet units today signed a memorandum of understanding (MoU) with Indian Institute of Technology (IIT) Madras for industrial consultancy, sponsored research projects and joint development. The MoU was signed by V Ananthakrishn…

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McLeod Russel India Q4 net loss at Rs 88.61 cr

Posted on: June 3rd, 2009 and is filed under Stock News.

Tea plantation company McLeod Russel India today said its net loss has narrowed to Rs 88.61 crore in the fourth quarter ended March 31, 2009.It had a net loss of Rs 97.34 crore in the same period last year, Mcleod Russel India said in a filing to the Bombay Stock Exchange. The company ha…

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Instanex FII index down 0.65% at close

Posted on: June 3rd, 2009 and is filed under Market News.

Of the 15 components of the Instanex FII Index, nine were down and six were up. Instanex At close, the Instanex FII Index was down 0.65% at 314.38 (-0.82% at 3 pm) and the Instanex DII 15 portfolio was up 0.08% (-0.07% at 3 pm). Nifty was up 0.12% (+0.09% at 3 pm) and Sensex was down 0….

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Profit booking sets in; M&M, SBI hit

Posted on: June 3rd, 2009 and is filed under Market News.

MUMBAI: Profit booking shaved away early gains leaving key indices below its previous session’s close. The negative opening on the European bourses weighed on sentiment. Metals, technology and oil & gas stocks were hit as investors sold into recent gains. At 1:45 pm, Bombay Stock …

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Intraday calls for 03-06-09

Buy Indo Tech Transformers at 342, target: 355. Stoploss: 338 Buy Balaji Telefilms at 71, target: 75. Stoploss: 69 Buy IVRCL infra above 350 for a short term target of 380 …

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