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March 10, 2010 by | No Comments
After remaining sideways for two days, today, Nifty moved down and closed below the upper Bollinger band. From here 5049 is the minor support and if Nifty breaches this level it will be an early signal of a next move down. The index was moving up holding its upper Bollinger band and had a high [...]
March 8, 2010 by | No Comments
Nifty opened on upside after two days of consolidation. So the pullback is still extending on upside with target being the 78.6% retracement of the fall from 5310 to 4675, which also coincides with the aggressive target of the inverted head and shoulders pattern. The daily momentum indicator continues to be in buy mode and [...]
March 8, 2010 by | No Comments
Nifty traded in a narrow band for the second consecutive day after a sharp pullback post Union Budget. The market is struggling to sustain above 61.8% retracement level. Being incredulous at this juncture, it is safe to maintain a reversal at 4992 level, as a break below will be an early sign of the next [...]
March 6, 2010 by | No Comments
Animation and gaming firm DQ Entertainment (International) Ltd plans to raise up to 1.28 billion rupees through an initial public offer of 16.05 million shares. The company has set a price band of 75-80 rupees a share for the issue, which would constitute 20.24 percent of the post-issue capital, it said in a statement. The [...]
March 6, 2010 by | No Comments
Capital market regulator, Sebi, today said that it has decided to allow physical delivery in the derivatives segment but no timeline has been fixed for this. “The Sebi Board has decided to allow physical delivery in the derivatives segment. There has been a demand for this for some time now and the Board felt that [...]
March 2, 2010 by | No Comments
The Nifty closed above the 5000 level after retesting the Head-and-Shoulder (H&S) pattern and has achieved the conservative target for the pattern, retracing over 50% of the fall from 5310 to 4675. Now, above 5000 the next resistance is at the 61.8% retracement level. The strong resistance area for the Nifty was the 20-WMA, which [...]
March 2, 2010 by | No Comments
ARSS Infrastructure Project IPO will list on Wednesday, March 03, 2010. Issue price of this IPO has been fixed at Rs 450/- per share. IPO was oversubscribed by 47.62 times (18.5487 times in retail). ARSS Infrastructure Projects Ltd is Orissa-based Construction Company which is engaged in construction of railway infrastructure, roads, highways, bridges and irrigation [...]
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