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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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US and European markets ended marginally lower. Europe ended a higher note. Asia is boned to open flat to positive. We may see a flat opening. NIFTY is strong above 2932. Crude crosses 40 $ mark on Middle East tension. The support for the Sensex is 8564 and the resistance to the up move is [...]
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Hindalco formarly known as Hindustan aluminium Company is one scrip you can peep in for long term. The stock has tumbled drastically, but considering for a long term view it is a good bet if available within 45-49 range. It is the targets producer of primary aluminum in Asia. In 2007, the acquisition of Novelis [...]
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US markets ended a positive note. Europe ended mixed. Asia has opened higher note. It has opened with a gap up of over 3%. Now Asian markets are making new highs. Expect India to have a gap up opening. The support for the Sensex is 9450 and the resistance to the up move is at [...]
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Last week we saw markets going marginally up after good global cues. It was one of the most volatile weeks on the bourses with benchmark indices gyrating sharply as profit booking alternated with short covering before the F&O expiry date. While a big bailout package in which the US Government promised USD 326 billion to [...]
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The slackening demand for steel, which has led to stockpiling of inventories in manufacturing units, may result in production cuts, Steel Secretary P. K. Rastogi on Saturday said. Stock which can feel the pinch are SAIL & Hindalco .
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