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Satyam is a stock who’s movement you cant predict. This stock is moving according to the news and rumors coming. First LNT hikes its stake in Satyam and now I Gate solutions and even Hinduja Group are eying Satyam. When the stock price was 20 – 24 people thought it would go further down but [...]
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Last week we saw a strong opening and also we ended strong. New and new buyers for Satyam..NIFTY close at 2874.8. Has more advances against decline. I am neutral for next week.NIFTY TRIN at 0.286Over all Nifty bullish for next couple of days.5 day EMA at 2821.3 Pivot – 2843Support – 2805 and 2736Resistance – [...]
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CMP – 690.25The company which recently hiked its stake in Satyam from 4% to 12% is very much a buy in range of 665 to 684 for a sharp upmove till 745. EDO chart shows some strength at 660 levels. Support and Resistance for LNT.Pivot – 677Support – 659 and 628Resistance – 708 and 725 [...]
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Gold prices reached its all-time high on Friday deterring buyers from fresh purchases in the midst of a wedding season, and consumers cashed in on the price rise by selling scrap gold, traders said. “There is no demand, but there is scrap coming in,” said Prithviraj Kothari, director with Riddhisiddhi Bullions in Mumbai. Gold futures [...]
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US markets plunge on Economic worries. US markets are down on an average of 3%.Europe is down on an average of 3 – 3.5%.Asia is bonded to open flat to negative. India will follow and open in the same manner The support for the Sensex is 9095 and the resistance to the up move is [...]
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Tata Steel, India’s largest steel company, on Wednesday reported its first decline in quarterly profit in almost three years as slow demand saw the Tata group company report lower sales volumes for the first time in many years. Tata Steel said standalone net profit, excluding its Anglo-Dutch subsidiary Corus, in the October-December period fell 56% [...]
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Maruti Suzuki India Ltd, the country’s largest car maker, said quarterly profit fell 54.3 per cent, lagging forecasts due high raw material costs, lower volumes and adverse impact of currency changes. New Delhi-based Maruti said on Thursday its net profit fell to Rs 2.14 billion ($43.8 million) in its fiscal third quarter ended December. Net [...]
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US markets went higher as Obama announces a bailout package of 813 Billion $.Europe ended higher. Asia is trading higher.I expect Indian Markets to have a gap up opening. The target for the Sensex is 9150 and the resistance to the up move is at 9334-9410-9550 Nifty: (2850) the target for the Nifty is at [...]
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Up to 51 million jobs worldwide could disappear by the end of this year as a result of the economic slowdown that has turned into a global employment crisis, a United Nations agency said on Wednesday. The International Labour Organisation (ILO) said that under its most optimistic scenario, this year would finish with 18 million [...]
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General elections in India will be held sometime between April 8 and May 15, the country’s election commissioner was quoted on Wednesday as saying But a spokesman of the election office denied any dates had been discussed. Earlier the Press Trust of India quoted S.Y. Quraishi as saying in London late on Tuesday that the [...]
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