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February 24, 2010 by | No Comments
Nifty spent another day below 4900 and witnessed strong selling pressure above the level. The index failed to breach the high of 4930 but so the low of 4805, which is the low of the right shoulder of the inverted head and shoulders pattern formed above 200 daily simple moving average (DMA). The momentum indicator [...]
February 23, 2010 by | No Comments
Nifty opened up smartly but ended lower forming an inverted hammer candlestick pattern, signaling selling pressure at higher levels. Now, on both the daily and hourly charts, the setup of an inverted head and shoulders pattern looks clearer with the right shoulder just getting completed today. So, from here on the swing low of 4805 [...]
February 21, 2010 by | No Comments
Nifty ended the day in red for the second consecutive day in tandem with the rest of the Asian markets. It overlapped the swing high of 4846–an early signal that the next leg down has begun–but the swing low of 4786 is crucial as from there is where the second round of pullback started.
The momentum [...]
February 19, 2010 by | No Comments
Nifty ended in red after moving up for two days in a row. Again, 4846 remains a crucial support, as its overlap will be a warning shot for reversal of the trend. The index is trading above its 20 daily moving average (DMA), which still remains a short-term support on a closing basis. The index [...]
February 18, 2010 by | No Comments
Nifty ended the day in green for the second consecutive day keeping the hopes alive for the bulls. The index has retraced 38.2% of the fall from 5310 to 4675 and has closed above its 20 daily moving average (DMA). Now going forward the 40 daily exponential moving average (DEMA) is an important resistance level, [...]
February 18, 2010 by | No Comments
Incorporated in 2002, Man Infraconstruction Ltd is a construction company located in Mumbai. In the recent past, the Company has undertaken various construction projects in the six states of Maharashtra, Kerala, Gujarat, West Bengal, Goa and TamilNadu. The Company provides construction services for port infrastructure along with residential, industrial, commercial and road infrastructure projects. Man [...]
February 17, 2010 by | No Comments
The National Stock Exchange (NSE) will include 11 stocks in the F&O segment from February 19, which are Adani Enterprise, Apollo Tyres, Areva T&D, BGR energy, Fortis Healthcare, Godrej Industries, Jain Irrigation, Mcleod Russel, Mundra Port, Onmobile Global and Videocon Industries.
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 [...]
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, [...]
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 band [...]
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