Nifty future is now consolidating after touching 5600 level on Wednesday, we are however bearish as long as nifty is trading below 5555 level. Downside and upside risk are equal at current levels. We will advice traders to stay short in this market, unless nifty futures closes above 5600 level. If nifty is able to break above 5555 level and close above it for two days continuously then we will see ... [Continue Reading]
EUR/USD to Target 1.41 Level Next Week 7 March 2011
We have seen 350 pips rally in EUR/USD last week and it was not that strong until the breakout above the 1.387 level, after the NFP data release on 4 March 2011. So we are expecting this rally to continue upto its next resistance of 1.4105. So we will be looking for buying opportunities as long as the pair holds above 1.3865 level. Also we may witness high volatility in other cross pairs. As per ... [Continue Reading]
Nifty Futures Can Touch 5650 Next Week 7 March 2011
The month of March 2011 is good for the markets as we saw Nifty bouncing back from the lower levels of 5350. closing for the first time above 5350 in March 2011, discontinuing its down trend. On last Friday Nifty didn't managed to close above its resistance of 5555 level which can still act as resistance for the up trend in short term. If Nifty futures trades above 5555 for 2 sessions continuously ... [Continue Reading]
Multibagger Stock: Buy MUNDRAPORT at 125, For Target 171
Start accumulating MUNDRAPORT stock as we can see the stock is near its bottom, this is definitely right time to pick stocks like Mundra port from the current market situation. The market capitalization of this company is more than Rs.26,000 crore. The company has sales turnover of Rs.1,392 crore. While total value of assets of this company stands at Rs.6,645 crore. Book value of the stock stands ... [Continue Reading]
Short Term Stock: Buy Thermax Ltd (THERMAX), Target 777
We saw stocks like Thermax Ltd.has corrected a lot in this freefall and this is the right time to accumulate this stock. Thermax is a consistent performer company. If you go by the financial performance for first nine months, they have achieved top-line of close to about Rs.3,300 crore with earnings per share (EPS) at Rs.22. So, in FY11 we are going to see USD 1 billion top-line with EPS close to ... [Continue Reading]
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