State of Markets abroad :US markets ended in red.Europe ended mixed.Asia has opened higher in green.Expect the Indian Markets to do the same. Yesterday China saw a sell off.Today NHPC will list on the Indian Stock Markets. 4 to 8% premium expected. The crucial support for the Sensex is 15470-15426 and the resistance is at [...]
Trading at six times its trailing 12-month FY09 earnings, the stock of Orient Paper and Industries (Rs 54) appears to be a value buy. All three of the company’s key business segments — cement, paper and consumer electronics — appear poised to deliver reasonable growth. OPIL is on an expansion spree, invading the smaller semi-urban [...]
Punj Lloyd is a key beneficiary of the revival in activity in global oil and gas exploration and production, trigerred by a revival in crude oil prices. Order inflows of Rs 10,000 crore in the June quarter alone is a clear indicator of the revival.The worst of the impact from the contentious contract of its [...]
Investors can consider accumulating the LIC Housing Finance stock, given the scope for better growth and easing margin pressures as the housing market revives and interest rates head higher over the medium term. LIC Housing Finance (LIC Housing) has continued to display strong growth in disbursements in recent quarters, despite a slowing housing market and [...]
Investors with a medium-term perspective can consider buying the stock of Pratibha Industries.After bottoming in December 2008 at the low of Rs 47, it has been trending upward. In late May 2009, the stock penetrated its key resistance around Rs 140 and has been in a sideways consolidation in the range of Rs 140 and [...]
State of Markets abroad :US markets ended mixed.Asia has opened in deep red.Expect the Indian Markets to follow to the same.NIFTY Technicals :Current Spot : 4732.35Supports : 4674.65 & 4616.8Targets : 4767 & 4801.55 Day Trading Ideas :RNRL : Buy above 85 for targets of 86.10 and 87.25. SL of 83.90 HUL : Buy above [...]
Last week Markets witnessed marginal rise.Expect the markets to zoom more in short term.Check Out NIFTY’s Technicals : CLICK HERE. Stocks to watch out for :MNM : Buy above 820 for targets of 845 and 860. SL of 810 Aurobindo Pharma : Buy above 700 for targets of 720 and 740. SL of 690 Thermax [...]
State of Markets Abroad :US markets ended in green.Europe ended flat.Asia has opened mixed.The crucial support for the Sensex is 15690 and the resistance is at 15904-16046Nifty: (4688) the crucial support for the Nifty is at 4660 and resistance is at 4700-4789Day Trading Ideas :GVK Power & Infra : Buy above 48 for targets of [...]
State of Markets abroad :US markets ended flat.Europe ended in red.Asia has opened negative.Expect the Indian Markets to open flat to positive. The crucial support for the Sensex is 15700-15690 and the resistance is at 15783-15904Nifty: (4681) the crucial support for the Nifty is at 4660 and resistance is at 4700-4790 Day Trading Ideas :RNRL [...]
State of Markets abroad :US markets ended flat to positive.Europe ended flat.Asia has opened positive.Expect the Indian Markets to open positive. NIFTY Technicals:Current Spot : 4659.35Support :4603.6 & 4547.85Resistance :4694 & 4728.65 Day Trading Ideas:RNRL : Buy above 82 for targets of 82.85 and 83.90. SL of 81.15 IFCI : Buy above 53 for targets [...]