Quotes with Resistance & Support
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Markets oversold; chances of rebound high: Nirmal Bang

Posted on: July 10th 2009 in Market Outlook.

MUMBAI: Nirmal Bang is of the opinion that the market are little bit oversold and chances of a rebound is very high. Selling at lower levels around the support region should be avoided, it says. “The trend is weak as huge selling pressure is witnessed in Nifty around the 4110-4150 reg…

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Buy Tata Steel on dip with a stoploss of Rs 410: Nirmal Bang

Posted on: June 16th 2009 in Brokerage Recommendations.

MUMBAI: Nirmal Bang has advised traders to buy Tata Steel on dip with a stoploss of Rs 410. “Buy Tata Steel on dips with stoploss of Rs 410. Resistance is seen at Rs 445 and if it maintains above Rs 445 then next target is Rs 470,” said the technical note. source: Read More..

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Buy Reliance Industries with stoploss of Rs 2130: Nirmal Bang

Posted on: June 16th 2009 in Brokerage Recommendations.

MUMBAI: Nirmal Bang has advised traders to buy Reliance Industries with stoploss of Rs 2130. “Reliance Industries can be bought with stoploss of Rs 2130. Resistance is seen at Rs 2195. If the stock maintains above Rs 2195 then next target is Rs 2285-2320. And if Reliance trades below …

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Buy ITC, target of Rs 250: Nirmal Bang

Posted on: June 13th 2009 in Brokerage Recommendations.

Nirmal Bang has recommended a buy rating on ITC with a target price of Rs 250 in its June 10, 2009 research report. “At the CMP of Rs 194 per share, the stock is currently trading at a PE of 17.1x FY10E & 14.6x FY11E, which looks quite attractive when compared to the peers in …

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Markets end lower: Nirmal Bang

Posted on: May 6th 2009 in Brokerage Recommendations.

According to Nirmal Bang’s report, the markets ended down after a strong first half. The Sensex closed below the 12,000 mark while the Nifty slipped below the 3700 level. Nirmal Bang’s report …

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Nifty has support at 3440-3390: Nirmal Bang

Posted on: April 27th 2009 in Brokerage Recommendations.

According to Nirmal Bang’s report, the immediate intraday support for nifty is at 3,440-3,390–3,365 and resistance area is at 3,515 for nifty future. …

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Markets end with marginal gains: Nirmal Bang

Posted on: March 27th 2009 in Brokerage Recommendations.

According to Nirmal Bang’s report, the markets witnessed huge volatility throughout the day, but the benchmark index settled for a modest gain of 45 points to close at 10,048 after swinging in the range of 10,127-9,913. The Nifty ended 26 points higher at 3,108 after moving in the r…

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