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State of global markets :US markets ended positive.Europe ended flat to positive.Asia has opened positive. Indian Market may open positive with a gap up opening. NIFTY :Current Spot – 4448.25Support – 4363.7 and 4278.55Resistance – 4511 and 4573.12 Day Trading Ideas : Siemens :Buy above 496 for targets of 504 and 511 with a SL [...]
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Again the week was good. A woofing 200 points upside on NIFTY. What we saw last week?Good global cues.Moderate Q4 results.Inflation unchanged.Good GDP.Rupee Gaining strength.Gold back on 15k levels.Increase in average Indian Salary.Biggest monthly in in 17 years Sectors to watch : IT – Rupee and dollar movements make this sector week as rupee is [...]
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Stock – Mahindra & Mahindra Ltd.CMP – 675.00BSE Code – 50052052 Week H/L – 700 – 235.50 Summary: Last week the company announced its quarterly results. The results were profits surges 89% jump in its net profit at Rs 418.07 crore for the quarter ended March 31, 2009.Net profit of the company year ago was [...]
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The UPA victory changed the phase of the markets and it also changed peoples conception towards markets.Turnover has increased in the markets.FII’s have turned net buyers over a period of time.NIFTY Looks over brought. But the trend remains positive. Last week we saw NIFTY zooming up.Last week NIFTY closed at 4238 and this week at [...]
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May 29 Tata Motors has reported a 10 per cent growth in net profit at Rs 591 crore for the quarter ending March 31, 2009 as against Rs 536 crore in the corresponding period last year. Net income dropped 21 per cent to Rs 6,895 crore (Rs 8,750 crore). Net profit for the fiscal fell [...]
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Equity benchmarks ended at an eight-month high on Friday, as the better-than-expected economic data for the previous quarter led investors to believe that the worst may be over. Oil minister Murli Deora’s comments that the government may consider deregulation of retail fuel prices also boosted sentiment. BSE’ 30-share Sensex closed at 14625.25, up 329.24 points, [...]
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India’s economy grew a faster than expected 5.8 percent in the March quarter from a year earlier, as a still strong services sector offset a decline in manufacturing. The annual growth for India’s fiscal fourth quarter was above a median forecast of 5.2 percent in a Reuters poll, but sharply lower than the year-ago quarter’s [...]
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“Intraday Tips and Market outlook for 29th May.”US markets ended higher.Europe ended flat.Asia is trading mixed.Expect the Indian markets to open flat to positiveThe support for the Sensex is 13950 and the resistance to the up move is at 14500 Nifty: (4337) the support for the Nifty is at 4285 and the resistance to the [...]
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Maverick investor Rakesh Jhunjhunwala believes bold reforms such as opening up the country’s insurance and pensions to foreigners will becritical to quell concerns about the market being pricey and sustain a stock market rally. Expectations for economic reforms in India have gathered momentum after the ruling coalition was re-elected with more seats in parliament nearly [...]
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