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Satyam’s fraud was the reason the market tank yesterday. Satyams ADR opened down 91%. US markets ended lower on an average of 3%. Europe also ended lower. Asia has opened negative. India is bond to open negative. The trend in NIFTY is broken and one can see markets giving up gains. I see a minor [...]
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Satyam – If we divide the word it comes as Satya which means Truth. But what is true in Satyam. Every thing is a lie. Raju is now a big fraud one can say.Satyam Computers Chairman Ramalinga Raju resigned from Satyam Board and indicated huge scam in Satyam Books. Ramalinga Raju may be arrested along [...]
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Satyam is a big fraud now every one knows. In fact I should say Raju is a big fraud. Satyam Computer Services Ltd. Chairman Ramalinga Raju resigned after announcing the company had falsified accounts and assets, sending shares of the Indian software-services provider tumbling in Mumbai. Satyam had 50.4 billion rupees ($1.04 billion) of “inflated” [...]
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US markets ended mixed after a volatile secession. Europe ended marginally higher. Asia is trading higher. Expect Indian markets to open a higher note. The support for the Sensex is 10190 and the resistance to the up move is at 10708 Nifty: (3113) the support for the Nifty is at 3100 and the resistance to [...]
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US markets rallied on 2nd Jan. Europe also rallied. Asia has opened strong. I expect Indian Markets to open positive. Markets are bonded to test 10200 on Sensex. A smart pullback is expected. Don’t carry any longs. Trade minimal. Markets may give up all its gains in the later hours. Support for Sensex is at [...]
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US Markets were closed yesterday. Asian Markets are trading higher. Indian markets are now bonded to open positive. The support for the Sensex is 9925-9750-9715 and the resistance to the up move is at 9990-10324 Nifty: (3035) the support for the Nifty is at 3000 and the resistance to the up move is at 3075-3113 [...]
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Hello people. Wishing you all a Happy 2009. US Markets ended higher. Europe ended marginally higher. Most Asian Markets are closed on account of New Year. Indian markets are now bonded to open positive. We will surely have a good start in the beginning of the year. The support for the Sensex is 9495 and [...]
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US markets have ended higher after the news came out that FED is buying out mortgage backed securities. Europe ended a higher note. Indian markets will have a gap up opening. The support for the Sensex is 9495 and the resistance to the up move is at 9875-9990 Nifty: (2980) the support for the Nifty [...]
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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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