Last week, the Sensex opened at 16907.57 attained a high at 17256.46 and fell to low of 16432 to finally close the week at 16839.63 and thereby showed a net fall of 466 points on a week-to-week basis. Further weakness may be seen below 16432. Volatility will be between 16432 and 17256 during the week. [...]
Last week the Sensex opened at 17925.17 attained a low of 17314.38 and moved up to 18268.95 before it finally closed the week at 18240.68 and thereby showed a net rise of 370 points on a week to week basis. The support of 17295 has been well held. If the support of 17295 is not [...]
1. TCS registered 6.4% QoQ growth in U.S. and Europe (on constant currency basis). Whereas, registered decline in India and Latin American market primarily due to completion of project in Q3FY11. 2. Considering industry-wise performance BFSI contributed 44.6% of the total revenue, marginally higher against the 44% in Q2FY11, Retail contributed 10.9% which was flattish [...]
Syncom Healthcare :- Syncom Healthcare is a new listing on the stock exchanges. The share got listed on the BSE on 15th February, 2010 and commenced stock market career at Rs 88. The day’s high and low were at Rs 107.25 and Rs 85.80, espectively. Its close was, however, Rs 87.85 which was lower than [...]
The markets have taken a breather after hitting the psychological level of 5000 (Nifty). However, their remains strength on the charts and thus the trading bias is on the long side. Since the markets do appear slightly over bought, use dips to go long again. The upper trading targets are placed at 17197-17467 (SENSEX) & [...]
It is important that one is reading continously to enhance the stock market knowledge and such type of rules as listed below for stock market helps one to revisit the areas where one might be commiting some mistakes. (a) As a thumb rule remember not to put all your money in stock markets in a [...]
Supply concerns & budget related uncertainties weigh on bonds; FOMC statement at the end of day today could provide fresh direction; range for 10-yr yield seen between 6.80-7%: RK Gurumurthy
Today Intraday Tips Profit Analysis Bharti airtel sell recommednation yielded huge gains as crossed all targets and gains for the day were Rs 3280, Aban Llyod profit is Rs 880, GTL infra remained range bound and closed above recommended price.
Market strategy: Sudarshan Sukhani of Technical Analyst: Nifty support seen at 4,200. If 4,200 is broken, traders should be looking to sell on rallies. Buy GMR Infra & Bank of India on dips or on any signs that markets could recover, they are likely to outperform
VK Sharma of Anagram Stock Broking said that markets saw huge unwinding pressure yesterday rather than fresh shorting. He would be cautious in the near-term as markets may be vulnerable to further unwinding. It remains a sell on rally market. He is bearish on cement stocks.
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