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May 14, 2010 by | No Comments
Coal India’s initial public offer (IPO) is likely to hit the market in August. Merchant bankers have estimated the entire valuation of the IPO at USD 30-50 billion. Partha Bhattacharya, Chairman, Coal India says that it will be the largest government IPO till date. Six investment banks have been short-listed for the IPO. The banks [...]
May 11, 2010 by | No Comments
Nifty reversed from the upper downtrend line retracing exactly 61.8% of the fall from 5342 to 4984. Now, 5206 is a crucial resistance on the upside, whereas, 5046 is a crucial support on the lower end. Hence, Nifty is now stuck in a range of 5206-5046, finding resistance at the mean of the Bollinger band [...]
May 10, 2010 by | No Comments
Private-sector lender Dhanalaxmi Bank plans to raise Rs 350-400 crore via a qualified institutional placement (QIP) to fund loan growth in 2010/11, a senior official said on Tuesday. The board approved issue of about 210 crore shares to institutional investors by September 2010 to augment the tier I capital base, Bipin Kabra, chief financial officer. “We have [...]
May 8, 2010 by | No Comments
The close which the bears were eyeing has come i.e. Nifty has posted a negative weekly close that too below its 20 weekly exponential moving average (WEMA), which I crucial level. The market catches cold with an overdose of VIX, which is a sign of trend reversal. The level to watch out now is the [...]
May 6, 2010 by | 1 Comment
Today, Nifty has broken the yesterday’s low of the hammer candlestick pattern formed on the daily charts. The break of 5056 and a new low 5037 in this fall continue to be impulsive. On the upside 5137, 5170 and 5202 are the crucial resistances and till all these levels are not taken off, the trend [...]
May 4, 2010 by | No Comments
Finally, Nifty has broken the head and shoulders pattern, which is a trend reversal pattern, at the peak. The NSE bellwether has not only breached the 40 daily exponential moving average (DEMA) but has also closed below it, which again confirms that the short-term trend remains down. The daily momentum indicator clearly gave a hint [...]
May 4, 2010 by | No Comments
The initial public offer of Jaypee Infratech, a subsidiary of Jaiprakash Associates, has been subscribed 1.2 times, as per data available on the NSE website. Issue, which closed today, has received bids for 26.67 crore equity shares as against 22.17 crore shares on offer for public and maximum bids have been received at around Rs [...]
May 4, 2010 by | No Comments
Ashish Chugh, Author of Hidden Gems is bullish on Siyaram Silk Mills and Anik Industries. He advises investors to buy into these stocks. Siyaram Silk Mills is a part of Siyaram Poddar group. This is a vertically integrated textile company. This company has got in-house facilities for spinning, dyeing, weaving, finishing and also garmenting. The [...]
May 4, 2010 by | 1 Comment
The Securities & Exchange Board of India (Sebi) has announced guidelines for credit rating agencies in order to impart higher credibility to the processes and procedures associated with the credit rating. The new guidelines include a number of stringent additional disclosure norms. Sebi has directed that a credit rating agency (CRA) shall keep record of [...]
May 4, 2010 by | No Comments
Nifty has turned down again on the very first day of this week following a negative weekly close. It is trading between its 20 daily moving average (DMA) and 40 daily exponential moving average (DEMA), which are its shortterm support and resistance respectively. Today, Nifty has taken support from the 40 DEMA for a third [...]
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