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.
Nifty level for 5 May 2009 Current Spot – 3654 Support – 3590 and 3545 Resistance – 3705 and 375 This is Crucial level of Nifty. Hope you find valuable this Nifty level.
Engineer India Ltd – Multibagger of the week ENGINEERS INDIA (EIL) provides engineering and related technical services to petroleum refineries and other industrial projects.Apart from engineering consultancy, EIL also undertakes lump-sum turnkey projects (LSTK). It mainly focuses on refineries and other petrochemical industries, which contribute almost 90% to its revenues. Despite its expertise in turnkey [...]
April 15, 2009 :- Nifty may be inclined towards the upward side from the opening till 10:15. From 10:15 to 12:30, Nifty may inch towards the negative side. From 12:30 to 14:00, Nifty may follow an upward trend. Between 14:00 to 15:30, Nifty may swoop in the beginning; but after creating selling pressure, it may [...]
Nifty level Resistance R2 3034 Resistance R1 2977 PIVOT POINT 2925 Support S1 2875 Support S2 2830
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