US Markets ended lower.
Europe ended lower too.
Asia has also opened in red.
Expect the Indian markets to have a flat to negative opening.
NIFTY Support : 4841.15 & 4811.65.
NIFTY Resistance : 4892.15 & 4913.6

Day Trading ideas :

IFCI : Buy above 48 for targets of49.2 and 50.1. SL of 47.1

RCom : Buy above 160 for targets of 164 and 167. SL of 154.

Happy Investing!

US Markets ended flat.
Europe ended mixed.
Asia has opened positive.
Expect the Indian markets to have a positive opening.
The crucial support on the downside for the Nifty is 4739-4673 and resistance at 4918
BSE Sensex: (15922) the crucial support on the Sensex on the downside is 15862-15628 and resistance at 16469

Day Trading Ideas :

IRB Infra :
Buy above 255 for targets of 260 and 264. SL of 251
Sell below 250 for targets of 247 and 244. SL of 253

REI Agro :
BUY above 52 for targets of 53.1 and 54.25. SL of 49.9
Sell below 50 for targets of 48.9 and 47.9. SL of 51.2

RCom :
BUY above 168 for targets of 172 and 175. SL of 164
Sell below 163 for targets of 160 and 158. SL of 166

Happy Investing!

US Markets ended mixed.
Europe ended mixed.
Asia has opened flat.
Expect Indian markets to open flat to positive.
The crucial support on the downside for the Nifty is 5220 and resistance at 5387
BSE Sensex: (17686) the crucial support on the Sensex on the downside is 17530 and resistance at 17887

Day Trading Ideas –

IFCI : BUY above 58 for targets of 59.10 and 60.25. SL of 57.15

RCOM : BUY above 181 for targets of 184 and 188. SL of 178.50

MNM : BUY above 1150 for targets of 1175 and 1189. SL of 1139

Happy Investing!

Hope you guys are subscribed to our FREE SMS & Email updates!

Reliance Communications has posted a net profit of Rs 3700.00 million for the quarter ended June 30, 2009 as compared to Rs 3473.80 million for the quarter ended June 30, 2008. Total Income has decreased from Rs 35590.60 million for the quarter ended June 30, 2008 to Rs 31970.70 million for the quarter ended June 30, 2009.

Finquest Securities has advised traders to buy Reliance Communications with target of Rs 267-280.

“Reliance Communications has formed a variant of Bullish Morning Star at the lower band of its falling channel. Prices thus seem likely to witness a relief rally towards Rs 267-280. Buy the stock on dips to Rs 245 for a target of Rs 267-280 and keep stoploss below Rs 238,” said the technical note.

State of markets abroad:
US markets crack down badly.
Europe also ended in deep red.
Asia has opened negative but will start picking up.
Indian Markets are bonded to open flat to negative but will recover during the later part of the day.

The support for the Sensex is 14500 and the resistance to the up move is at 14809-15000
Nifty: (4349) the support for the Nifty is at 4292 and the resistance to the up move is at 4380-4400

Day Trading Ideas :

DLF : Buy above 338 for targets of 341 and 345. Keep a SL of 333

Reliance Communication : Buy above 295 for targets of 301 and 305. Keep a SL of 291

HCC : Buy above 107.10 for targets of 108.25 and 109.50. Keep a SL of 105.90

Happy Investing !

US markets ended with minor losses.
Europe was ended flat.
Asia has opened a bit positive.
Expect the Indian Markets to open flat to positive.

The support for the Sensex is 14188-14000 and the resistance to the up move is at 14727-14894
Nifty: (4247) the support for the Nifty is at 4200 and the resistance to the up move is at 4406

Day Trading Ideas :

IFCI : Buy above 54.10 for targets of 54.85 and 55.80 SL of 53.45

IDBI : Buy above 110.20 for targets of 111.25 and 112.10 SL of 109.10

RCom : Buy above 301 for targets of 305 and 309 SL of 296

MTNL : Buy above 98.20 for targets of 98.90 and 99.45 SL of 97.50

US markets ended higher.
Europe ended higher.
Asia is trading higher.
Expect Indian Markets to have a gap up opening again. A gap up of 400 points on Sensex.
The support for the Sensex is 13500 and the resistance to the up move is at 14452-16046
Nifty: (4323) the support for the Nifty is at 4000 and the resistance to the up move is at 4305-4650-4775

Day Trading Ideas –

LNT
Buy above 1375 for targets of 1420 and 1500
Sell below 1250 for targets of 1190 and 1110

RNRL
Buy above 72 for targets of 75 and 79
Sell below 65 for targets of 62 and 59

RCom
Buy above 310 for targets of 325 and 355
Sell below 275 for targets of 250 and 230

US markets ended negative.
Europe ended flat.
Asia has opened negative.
Expect the Indian Markets to open higher. Indian markets may not follow the global cues today.
The support for the Sensex is 12000 and the resistance to the up move is at 12569-12857
Nifty: (3672) the support for the Nifty is at 3600 and the resistance to the up move is at 3800

Day Trading Ideas –

RCom
Buy above 235 for targets of 237 and 241
Sell below 229 for targets of 224 and 222

Adlabs
Buy above 240 for targets of 246 and 252
Sell below 225 for targets of 220 and 216

TCS
Buy above 650 for targets of 656 and 660
Sell below 632 for targets of 629 and 625

RNRL
Buy above 59.10 for targets of 60.15 and 61.25
Sell below 56.30 for targets of 55.80 and 54.25

US markets ended mixed but mainly positive.
Europe ended marginally lower.
Asia is trading mixed.
Indian markets may have a flat to positive opening.
The support for the Sensex is 11070 and the resistance to the up move is at 11638
Nifty: (3484) the support for the Nifty is at 3400 and the resistance to the up move is at 3734

Day Trading Ideas

RIIL
Buy above 814 for targets of 824 and 839
Sell below 789 for targets of 781 and 776

RCOM
Buy above 236 for targets of 241 and 248
Sell below 219 for targets of 212 and 208