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.
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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
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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
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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