News Updates

• Today’s market calls Click Here
• ADAG promoted Reliance Power posted a net profit of Rs245 crore for year 2008-09, compared to Rs85.37 crore in the previous year.
• Reliance Natural Resources Ltd today reported a 4.32 per cent increase in consolidated net profit at Rs 71.54 crore for the year ended March 31, 2009
• Bajaj Hindusthan has posted 89% jump in net profit at Rs 81.39 crore for the second quarter ended March 2009
• Hang Seng, Shanghai, Straits Times advanced around 0.5-1% Yesterday
• Standard Chartered bank to apply for listing in Indian Market
• The Government has imposed anti-dumping duty on certain high-end stainless steel products to guard domestic industry from surges in cheap imports from China, Thailand and the US

Today’s Trading Calls

• We have seen heavy selling yesterday in large, mid and small caps. But due to reliance industries results support, market was able to rally up and we had seen nifty crossing strong resistance level 3407. In lasst hour of trade niftyreached 3380 to 3423.
• US market was trading lower yesterday but we may see Nifty opening above 3447 resistance level today.
• Nifty: Support Levels – 3407, 3385, 3345 Resistance Levels – 3447, 3462, 3498
• Alert: Don’t enter into Tata Power, ONGC, BEML, PFC even though market and scrips go up. We will see huge selling in profit booking session
• Buy Reliance Power: Target 132, 134 Short Target 137 Stop Loss 125
• Buy RNRL: Target 61, 63 Short Target 65 Stop Loss-56
• Buy Axis Bank: Target 520, 535 Short Term 556 Stop Loss 485
• Buy Hindustan Copper: Target – 196.5, 201, Stop Loss – 187
• Buy Punj Llyod: Above 108.85 Target 113, 116 Short Target – 122, Stop Loss – 108
• Buy Bajaj Hindustan: Target 78, 80 Stop Loss 75
• Hold KSOil: Target 52, 55 Short 58 Stop Loss 46
• Sell IFCI: Target 24,23 Short Target 21, Stop Loss 26 - Result will be very very bad
• Past Trading Calls View Here

Mid-Session Updates