Hindustan Unilever Q2 Results Announced, Net Profit Jumps 34.76% at Rs.566 Cr

Hindustan Unilever Limited (HUL) has announced its second quarter results of 2010. Company has reported net profit at Rs.566 crore vs Rs.420 crore (last), shows growth of 34.76% on year-on-year basis (YoY). Its net sales jumped 10.9% at Rs.4,680 crore versus Rs 4,220 crore in same period of FY10. Adjusted profit after tax of the company was reported at Rs.566 crore versus Rs.499.7 crore, hence a ... [Continue Reading]

Gold Analysis For Next Week (25-Oct-2010)

Gold Chart for 25-Oct-2010

We have seen new lifetime high in gold due to appreciation in US Dollar. But Profit booking brought the precious metal Gold down last week, now Gold after correcting to 1315 levels we see Gold as good opportunity to buy at these levels. As per our analysis Gold will see good support around 1308 levels and resistance will be at 1341 / 1357. Our Preference: Buy Gold near 1316 for Target: 1341 / ... [Continue Reading]

Where Do We Expect Nifty Next Week (25-Oct-2010)

Nifty chart for 25-Oct-2010

Markets inched lower in past two trading sessions, this created a consolidation or range bound markets as broader indices are trading between 20 DMA and 50 DMA. We expect Nifty to take a strong support from 5916 levels (50 DMA level), and take a V-shaped recovery from 5916 levels. So, unless we touch the 5916 levels we don't see any trigger for the bounce back. I would recommend to enter long in ... [Continue Reading]

Strong Breakout given by INDIABULLS, trading above resistance of 193

Last Friday (22-Oct-2010) we saw strong run-up in the stock of Indiabulls Financial Services Limited with volume more than 11 million (11,959,242), This rally is a positive breakout and the stock must post further gains. This stock has seen strong resistance at 193 levels in the past but, the closing above this levels has opened the way for 234 and 252. A temporary overbought situation might keep ... [Continue Reading]