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Gold Analysis for 15 Nov 2010, Sell Below 1378

By Bhaveek Patel Leave a Comment

Our analysis on Gold for 15 November 2010, one can go SHORT in GOLD near 1378 with targets as 1351 & 1336. Don't place stop loss, If it breaks above 1382, then go long with targets of 1397 & 1423 and exit short position. Why to go Short: The price is on the downside, challenging the 20DMA (Days Moving Average). ... [Continue Reading]

Buy Nifty 6000 Call Above 121 for November Series

By Bhaveek Patel Leave a Comment

On Friday (12-11-2010), we saw nifty breaching just above its 50 DMA (Strong support level) of 6020. We are again expecting a bounce from our current levels, considering a limited downside. A breakout is expected towards 6200 as target levels. Our Analysis: Buy Nifty 6000 Call above 121 for Targets 190 / 222. Keep stoploss: Exit call if Nifty trades below 5995 levels. ... [Continue Reading]

DLF Announced its Q2 Result, Net Profit at Rs.418cr

By Bhaveek Patel Leave a Comment

Reality major, DLF has announced its second quarter results today. Its second quarter total sales were up at Rs.2,369 cr versus Rs.1,750.9 cr last, YOY (year on year basis). Also, its consolidated net profit was down at Rs 418.4 cr versus Rs 439.7 cr a fall of about 5%, YoY. The company's trailing 12-month (TTM) EPS was found to be at Rs.5.15 per share (slightly lower than expected). The stock's ... [Continue Reading]

Nifty Support Resistance Levels For 8-Nov-2010

By Bhaveek Patel Leave a Comment

We may Nifty to trade within tight range of 6275 to 6317, we suggest you to wait for any breakout in either direction before entering the trade today. Nifty: Resistance : 6322 / 6344 Support : 6277 / 6254 Our Trading Outlook: One can enter Buy position in Nifty above 6316 levels. The target levels will be 6330 / 6344, From here Nifty may find strong resistance. For all the long(Buy) positions ... [Continue Reading]

Nifty at 6300, Wether to Buy or Sell

By Bhaveek Patel Leave a Comment

We saw Nifty trading at 6300 levels. These levels are very crucial for Nifty, If it don't manage to cross 6344 levels then we may again go back to 5995. If Nifty manages to break above the 6344 then there must be a 120 points rally soon. So it will be better to focus on these levels before acting on the markets. ... [Continue Reading]

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