Quotes with Resistance & Support
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Nifty closes lower on uncertain election outcome

Posted on: May 14th, 2009 and is filed under Market News.

MUMBAI: Indian markets showed some resilience on Thursday as compared to Asian peers but ended lower after opinion polls suggested a fractured mandate in the parliament. Markets opened with a gap-down in line with its peers but pared most of the losses as frontline stocks were bought at …

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Traders cover intraday shorts ahead of poll verdict

Posted on: May 14th, 2009 and is filed under Market News.

MUMBAI: With the exit polls indicating that the Indian parliament could be headed for a weak coalition government, market players preferred to stay on the sidelines ahead of the final verdict on Saturday. According to the exit polls, the ruling Congress-led alliance and its rivals are fa…

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Intraday calls for 14-05-09

Sorry for the delay today.. No electricity all day today. Buy Bank of Baroda on dips for a target of 347. Stoploss: 330 Buy Lanco infra on dips for a target of 230. Stoploss: 215 Won’t be able to be online today due to backup issues. …

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Futures Options Trading Strategy Ahead Of Election Results

Posted on: May 13th, 2009 and is filed under Market Outlook.

The eagerly eyed US stress test results came in line with the Street’s expectations and did not have any negative surprises. This has proved to be a positive for the stock markets across the globe. On the whole, the global equity markets may see further upside in the near term. However…

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Market Review for 14th May 2009

Posted on: May 13th, 2009 and is filed under Market Outlook.

BSE Sensex: (12020) the market missed making a new high by just few points and profit booking came in…the point to watch would be 12272 and if that gets taken out then we might see a new high otherwise the market could see some more profit booking. 14th may 2009 is a strong pressure day…

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Mixed global cues may dent traders’ optimism

Posted on: May 13th, 2009 and is filed under Press Releases.

MUMBAI: Mixed cues from global shores along with Singapore Nifty futures currently trading in the negative territory, Indian markets are likely to open on a weak note. However, sustained buying by FIIs in index futures and spot segment is likely to keep the sentiments buoyant. High amou…

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Intraday calls for 13-05-09

Buy HDIL at 179, target: 188. Stoploss: 176 Buy HDFC bank above 1210, target: 1250. Stoploss: 1195 If markets show weakness later during the day, short sell: Reliance Industries with a stoploss at 2000. …

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Traders call: Buy Petronet LNG for target of Rs 65

Posted on: May 12th, 2009 and is filed under Press Releases.

MUMBAI: Arihant Capital Markets is bullish on Petronet LNG and has recommended traders to buy the stock for target of Rs 65. “The 14 days moving average of Petronet LNG is at Rs 51. On the daily charts, the stock is in buy on RSI and its 14-days RSI is currently at Rs 89 (above 50 is c…

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Intraday calls for 12-05-09

Markets likley to open flat. Buy Educomp on intraday dips as markets are likley to see some bounce from support levels of 3520-3530. If we break 3500 on the downside: Short sell: DLF. Please trade in small quantity as markets are likley to be volatile. …

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Market Review for 12th May 2009

Posted on: May 11th, 2009 and is filed under Market Outlook.

BSE Sensex: (11683) technically the trend was Up and that up trend that we have witnessed so far now seems to have been compromised and looks like some reaction should set in and if I see any up moves then I would like to doubt that up move because some of the Sensex heavy weight stocks s…

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