Archive for February, 2010
February 5, 2010 by | No Comments
Nifty has reversed down sharply in today’s session after retracing almost 38.2% of the index’ fall from 5310 to 4766. The index is struggling to move above 21 weekly exponential moving average (WEMA), which is acting as a stiff resistance. On the hourly chart, the NSE bellwether has declined in a 5 wave’s pattern, which [...]
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February 5, 2010 by | No Comments
Costlier potatoes and pulses pushed food inflation higher to 17.56 per for the week ended January 23 and economists expect prices to rise further in the next two to three weeks. This is the second week in a row that food inflation has increased, after easing for three successive weeks. For the week ended January [...]
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February 4, 2010 by | No Comments
Nifty recovered smartly after Tuesday’s sell-off, signaling that the pullback is not over yet. The index has already retraced 23.6% of the fall and the next level to watch out for is 4976, which is 38.2% retracement of the fall. The index is trading well above the hourly averages and the hourly momentum indicator is [...]
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February 3, 2010 by | No Comments
The Exchange is upgrading the capacity of capital market trading system by implementation of horizontally scalable architecture. Existing Trading system architecture will be revamped by using a distributed processing concept. Towards this, the Exchange is conducting a special live trading session on Saturday, February 06, 2010. Circular Download Source :- www.nseindia.com
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February 3, 2010 by | No Comments
The Securities and Exchange Board of India (SEBI) directed mutual funds to mark-to-market debt and money market securities with residual maturity of 91 days. The market regulator has said that the mutual funds will have to value papers of up to 91 days at weighted average price. The regulator, in a circular posted on its [...]
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February 2, 2010 by | No Comments
The Nifty opened well above 4900 but did not sustain at that level for long and finally slid to the lower end of 4800 in the second half of the day’s session. It had formed an inverse head-and-shoulder pattern which failed to put further pressure on the index. Now 4766 is a crucial support for [...]
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February 2, 2010 by | No Comments
Infinite Computer Solutions IPO will list on Wednesday, February 03, 2010. Issue price of this IPO has been fixed at Rs 165/- per share. Infinite Computer IPO subscribed 43.22 times (11.0781 times in retail). The company is a global service provider of infrastructure management, intellectual property (IP) leveraged solutions and IT services, focused on the [...]
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February 1, 2010 by | No Comments
The index has formed a hammer candle-stick pattern at the end of five waves decline, which is a bullish signal for wave two up. The momentum indicators on the daily and weekly charts appear in the sell mode. So, the medium-term trend is down but in the short term the retracement of the fall from [...]
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