Intraday trading analysis (tips) on GBP/JPY for 9 March 2011, we recommend Long (Buy) GBP/JPY pair Above 133.75 for target of 133.15 and 134.45 keep stop loss below 133.55. Reason behind trading long: This pair is firmly trading above its 200 DMA, which confirms the bullishness. So, we will be looking for buying opportunity in this pair as long as it trades above 132.15. Technical indicators are ... [Continue Reading]
Gold (Spot) Trading Analysis for 9 March 2011, Buy Above 1434
Gold intraday trading analysis for 9 March 2011, we recommend to trade long in Gold above 1434 level with targets as 1441 and 1445. Stop loss should be placed below 1430 level. Reason to trade Long on Gold : Strong buying is supporting gold and we are seeing a series of higher high and lower low, confirming strong trending market. So at current level gold seems to be attractive, hence a good ... [Continue Reading]
Intraday Stock For 9 March 2011: Buy Kotak Bank (KOTAKBANK) At 433, Target 443.3
Stock for intraday trading: Buy Kotak Bank KOTAKBANK @ 433 for target: 438.4 and 443.3, place protective stop loss at 429. We see good buying coming in this stock as it is already trading up more than 2%, and is more likely to be bullish today, This is also trading with good volumes. Technical indicators are confirming the bullishness in KOTAKBANK stock. ... [Continue Reading]
Nifty Futures Support Resistance Level For 9 March 2011, Buy or Sell
Nifty futures is facing strong resistance at 5555. Open interest data shows that some fresh short build up seen in nifty futures march series. We will advice traders to trade short for today as selling pressure can be seen near 5555 level in nifty futures targeting 5500 zone, before any up move. Markets are in mixed mood and may witness some fresh selling in today's session or some short covering. ... [Continue Reading]
Lovable Lingerie IPO Opens on 8 March 2011, Subscribe Or Not
Lovable Lingerie has opened its (IPO) initial public offering for subscription from 8 March. The company has set price band at Rs.195 - 205 per share for its Rs.93.28 crore IPO. The issue will close on 11 March 2011. Bids can be made for 30 equity shares and in multiple of 30 shares thereafter. It is woman's inner wear manufacturing company, actively engaged in this industry. Equity shares are ... [Continue Reading]
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