Last week we saw NIFTY was in a negative mode.Last week NIFTY closed at 2736 and this week at 2763 an increase of 30 points odd.The week was volatile.NIFTY TRIN at 0.771Over all Nifty is of Mixed Nature.5 day EMA at 2767.44Pivot – 2749.65Support – 2690 and 2625Resistance – 2815 and 2895NIFTY 1 month target [...]
US markets ended negative.Europe ended positive.Asia is bonded to open flat. Expect Indian Markets to open in the same manner. The support for the Sensex is 8750-8630 and the resistance to the up move is at 9030-9157 Nifty: (2786) the support for the Nifty is at 2730-2685 and the resistance to the up move is [...]
US markets ended negative after a volatile section.Europe ended negative.Asia has opended positive and so expect Indian markets to open positive.Today is NIFTY Future expiry so markets can head any where or may even have low movements.Today even Inflation data is supose to come out.Be careful. The support for the Sensex is 8630 and the [...]
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US markets opened flat but later rallied.Europe ended in negative.Asia is expected to open positive.Expect Indian markets to open in the same manner flat to negative. The support for the Sensex is 8630 and the resistance to the up move is at 9030-9157 Nifty: (2736) the support for the Nifty is at 2685 and the [...]
Investors with a two-three year horizon can consider buying the share of Reliance Communications (RCom), going by its pan-India dual-technology mobile play and the strength in its enterprise division, both of which offer long-term growth prospects. At Rs 155, the stock is available at a reasonable seven times its likely 2008-09 per share earnings. RCom [...]
Investors with a three-year horizon can consider accumulating the stock of Sesa Goa, trading at Rs 82.10. The company’s market leadership in iron ore mining and exports, signs that Chinese demand for Indian ore may resume on the back of the stimulus package and the attractive valuation for the stock make it a reasonable long-term [...]
We recommend a buy in Hindustan Oil Exploration Company stock from a short-term trading perspective. It is apparent from the charts of the company that it was on an intermediate-term downtrend from its August 2008 peak of Rs 144 to its February 2009 low of Rs 50. However, the stock found support around Rs 50, [...]
US markets crack badly.Europe ended marginally lower.Asia is bonded to open negative or may be even flat.Indian markets will open in the same mannar. The support for the Sensex is 8630 and the resistance to the up move is at 8977 Nifty: (2736) the support for the Nifty is at 2685 and the resistance to [...]
Whats hot these days ???Dont know? It is the education sector. Thousands of B- Schools and Engineering Colleges are comming up in India.This can directly and indirectly benefit Educomp. Scrip – Educomp Solutions Ltd.CMP – 1771.85 Rs.Target – 2325 ( In 6 months ) Summary – Educomp Solutions Limited (Educomp) is a provider of technology-based [...]