Archive for February, 2010
February 16, 2010 by | No Comments
Nifty ended the day in red after posting a positive weekly close for the week. From here, 4745 becomes a very important support, as a break and close below the level would indicate the start of the next leg down, as 4745 is considered to be the low of wave B in this upward corrective [...]
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February 9, 2010 by | No Comments
Nifty opened flat and was trading negative one hour into the trade. However it recovered thereafter to make higher highs and higher lows on the hourly chart. The index has been holding on to its 20DMA pegged at 4655 and has bounced back from there–a bullish sign in the short term. On the daily chart, [...]
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February 9, 2010 by | No Comments
ARSS Infrastructure Projects Ltd., a company engaged in construction of railway infrastructure, roads, highways, bridges and irrigation projects in India, is coming up with an IPO of Equity Shares having a Face Value of Rs.10/- each The Issue Size of the IPO is about Rs.103 Crores. The Equity Shares will be offered in a price [...]
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February 9, 2010 by | No Comments
Hathway Cable & Datacom Limited (Hathway Cable) is the leading cable television services provider in India, Is Coming with IPO Hathway cable is one of the leading cable broadband services providers. Established in 1995, the Company started with quality Cable TV services in thirteen cities across the nation and has expanded its services across 125 [...]
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February 9, 2010 by | No Comments
Nifty has taken support around its 200 daily moving average (DMA) pegged at 4655, which is a very crucial support going forward. The market opened on a flat note and traded negative in the first session but made a very strong comeback in the second half. On the daily chart, Nifty has fallen in a [...]
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February 8, 2010 by | 1 Comment
The Bid/ Issue opens on February 9, 2010, and is scheduled to close on February 11, 2010. The Price Band has been fixed between Rs. 240 and Rs. 265 per Equity Share. Cable television and broadband services provider Hathway Cable & Datacom Ltd. is entering the capital markets with an initial public offering of 27,750,000 [...]
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February 8, 2010 by | No Comments
Nifty closed in green on previous trading session and forming an inside bar on the daily charts. From hereon, there stand two possibilities. First, there can be an extension in wave five down. Second, the wave five down is done and the index is ready for a pullback in corrective pattern on the upside, which [...]
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February 8, 2010 by | No Comments
ARSS Infrastructure Project a construction contractor in the Railways and roadways segment, the company plans to raise Rs 103 crore from this issue to fund working-capital and joint ventures. In its price band of Rs 410-450, the offer is at a valuation of 8.6 to 9.5 times the estimated FY-11 per share earnings on a [...]
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February 7, 2010 by | 1 Comment
ARSS Infrastructure Projects Ltd is Orissa-based Construction Company which is engaged in construction of railway infrastructure, roads, highways, bridges and irrigation projects in India. ARSS have business activities in the zonal jurisdictions of East Coast Railway, South Eastern Railway, South East Central Railway, Southern Railway and North Western Railway. ARSS also engaged in the railway [...]
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February 6, 2010 by | No Comments
Nifty closed near the day’s low after breaking the low of the hammer candlestick pattern, which signifies that the waves on the lower side are going to continue unless it closes above 4827. It is trading well below its averages both on the weekly and daily charts, which again indicates that the downtrend is quite [...]
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