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Trading Analysis on Nifty Futures For 18 July 2011, buy above 5577, For Target 5628

By Bhaveek Patel Leave a Comment

Nifty futures is trading flat today, at 10:30 AM today. But the closing that we have seen in last week suggest us that there is now up side possible and we are now looking for buying opportunities as long as price action remains above the 5577 level (on 2 days closing basis). So traders should be look for buys only, We are now bullish for intraday trading as nifty futures has managed to close ... [Continue Reading]

Corporate Results of FY12 Q1 to be declared on 14 July 2011

By Bhaveek Patel Leave a Comment

Q1 Results for FY12 to be declared today on 14 July 2011: TCS , Bajaj Auto, South Indian Bank, Vindhya Telelinks, Gruh Finance, Repro India, Hindustan Media Ventures, Bajaj Holding, DCB, VST Industries, SJVN, Sonata Software, Suryalakshmi Cotton Mills. So before trading them traders should watch the result news very keenly, to stay on the safe side of investment. ... [Continue Reading]

Bajaj Auto Declares Q1 Results net profit jumps 20.5% at Rs 711 crore

By Bhaveek Patel Leave a Comment

India’s second largest two wheeler producer Bajaj Auto Ltd. has declared its first quarter FY12 net profit of Rs/711 cr, a growth of 20.5% as compared to Rs.590 crore for the same period a year ago. Also, revenues increased 22% to Rs.4,777 cr in the quarter ended March 2011 versus Rs.3,890 crore in same period the previous year. However, operating profit margin too was quite a bit disappointing, ... [Continue Reading]

8 Stocks to be Included in NSE F&O Trading from 18 July 2011

By Bhaveek Patel Leave a Comment

NSE will be adding 8 stocks in the F&O trading these stocks are Arvind, BF Utilities, Gitanjali Gems, JSW Energy, Jubilant Foodworks, South Indian Bank, TTK Prestige, VIP. This inclusion will be done 18 July 2011. All of these stock may see some bounce as they are included in F&O series, also volatility may remain high for these stocks. We will recommend to trade long on these stocks as a ... [Continue Reading]

Forex: EUR/USD Trading Analysis for 13 July 2011: Buy EURUSD above 1.4005

By Bhaveek Patel Leave a Comment

EURUSD pair has fallen to 1.3825 level from 1.4565 level this is about 500 pips fall so we are now bearish but looking at the daily time frame chart we see that price action is just above the 200 DMA and this may act as strong support for this down trend. Fundamentals has weaken for the EURO as Italy debt crisis has now emerged, so this can be the bad news for the market participants. So trading ... [Continue Reading]

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