News Updates

• Today’s market calls Click Here
• DSM Infratech beats GAIL India and got the rights to retail CNG to automobiles and piped cooking gas to households in Mathura – BS
• Obama’s tax plan not to hit Indian outsourcing companies: NASSCOM, ET
• Mahindra and Mahindra Ltd Tuesday introduced 125cc ‘Flyte’, its first two-wheeler offering, across
  all markets in India – ET
• BHEL will invest Rs 12,000 crore in next 4 years in power projects
• Raj Thackeray praised Modi’s efforts that contributed to development of Gujarat and said the country needed a man like him for the top executive job to ensure rapid progress. – ET
• Demand for the sugar is seen higher compared to supply resulting in higher prices for the sweetener. Experts say sugar prices could jump 20 per cent in the next six months and remain strong for next three years. Sugar scrips surge on low import talks – ET
• Indusind Bank Q4 2008-2009 net profit up by 250% to Rs. 50.5 Crore
• 275 stocks see 100% rise. Read in details…
• IBM offers social networking tool for software developers – BS
• Vikrant  Gugnani, heading the international business of Reliance Capital, and UK Sinha, Chairman and Managing Director of state-run UTI Asset Management, have been named among the 25 most influential people in the Asian asset managementindustry by AsianInvestor magazine. – ET
• Sebi notice to RIL over RPL insider trading charges – BS
• Store chain Shoppers Stop announces to open 12 more outlets with a total area of 650000 sq ft in the next three years – BS
• Gujarat State Petroleum Corporation has awarded a contract to set up a 52 Mw wind power plant near Jakhao in Kutch to wind energy major Suzlon – BS

Today’s Trading Calls

• Past Trading Calls View Here
• Markets opened in RED yesterday but due to EU support it had made to go in 50 point GREEN but Bears won the race and finally market was closed in minor RED at 3661
• Nifty is having strong resistance at 3703 and 3740. Nifty was not able to stay above 3703. If Nifty will close belwo 3700 level then we may see heavy Bear Rally which will drag Nifty to 3500, 3447, 3360 levels. One can sell all Long @ 3740 and go short as triangle says bears are waiting for 3740 level to offload their stocks.
• Market could open with monor positive gap trading towards 3703 resistance. If its trading and cross 3703 level with huge volume then you can wait till 3740 level to sell your stocks.
• Sell Bajaj Hindustan: Target 86 Short Target 79 Stop Loss 107
• Sell RS Software: Target 18.6 Short Target 17 Stop Loss 20.2
• Buy UBI: Target 185 Stop Loss 168
• Buy JPHydro: Target 46 Stop Loss 39
• Buy Manali Petro: Target 8.5 Stop Loss 7.8
• Sell HDFC: Target 1760, 1700 Stop Loss 1980
• Buy Suzlon: Target 77.2 Short Target 81.35 Stop Loss 68

Mid-Session Updates