ABB has posted a net profit of Rs 836.084 million for the quarter ended June 30, 2009 as compared to Rs 1318.102 million for the quarter ended June 30, 2008. Total Income has decreased from Rs 16376.209 million for the quarter ended June 30, 2008 to Rs 15258.705 million for the quarter ended June 30, 2009.

US markets ended negative after a volatile secession. A report says US to see four quarter of nasty recession. Bank of America to cut about 35,000 jobs.

Europe ended mixed.

Asia has opened weak. Expect Indian markets to open flat to negative.

Today inflation is to come out.

Keep booking profits at every levels.

FII’s are yet net buyers. FII’s are constantly buying from past 3 days. Yesterday’s net figure is Rs 444 Crores.

The support for the Sensex is 9450 and the resistance to the up move is at 10000-10324

 Nifty: (2920) the support for the Nifty is at 2860 and the resistance to the up move is at 3113

Day Trading ideas for 12^th Dec.

Jet Airways.

Buy above 152 for targets of 155 and 159

Sell below 149.20 for targets of 146.90 and 145.20

ABB Ltd.

Buy above 455 for targets of 458 and 462

Sell below 451 for targets of 448 and 444

ACC Ltd.

Buy above 482 for targets of 486 and 490

Sell below 476 for targets of 472 and 468

Balaji Telefilms Ltd. 

Buy above 73.10 for targets of 75 and 77

Sell below 70.25 for targets of 68.50 and 67.10

Happy Investing.

Subscribe for free Email Updates - Click here.

Free SMS Updates subscribe - Click here.