This stock has corrected more than 48% from its 52 week high and hit its 52 week low of 110.05 last Friday (10 Dec 2010). But at current levels we see this stock is very attractive as its a company having market cap at Rs.2500 crore. at current market price it is trading with P/E of 7 and book value of around Rs.180. Also its a good dividend paying company which has consistently given dividends in ... [Continue Reading]
Buy Nifty 5800 Put Option Near 84 for December Series
Broader markets saw strong downtrend, Nifty breaking below its support zone and has already approached its strong support of 5750 level 50 DMA on 4 hour chart. We are sure that nifty will not break above 5890 level. So it is good opportunity to accumulate Nifty 5800 put for december series around 84. A strong downward momentum is expected once nifty future touches 5890 level. Buy Nifty 5800 put ... [Continue Reading]
Nifty Futures Support Resistance Level For 10-December 2010
Today Nifty future has witness support at 5750 level, hence a sharp recovery was seen, but this does not change our outlook as we are still bearish and will look for selling opportunities. So on can sell nifty futures near 5840 level for intraday targets of 5820 and 5805. Nifty Future trading range will be wide, as shown in the support resistance levels. Nifty: Resistance: 5865 / 5888 Support: ... [Continue Reading]
Intraday Trading Analysis on EUR/USD: Sell EUR/USD Below 1.3295
Our intraday trading analysis on EUR/USD, we recommend Short (Sell) EUR/USD Below 1.3295 for target of 1.3195 and 1.3155 keep stoploss above 1.3345. Why to go Short: This pair has been trading with huge volatility for last 2 sessions, but today it has weaken from 1.3295 level and is now trading near 1.3265 so we expect the pair should further weaken to test 1.3195 level on intraday basis. we ... [Continue Reading]
Gold (Spot) Trading Tips for 9 December 2010, Sell below 1399
Gold trading for 9 December 2010, Gold intraday trading tips, Short (Sell) positions in Gold below 1399 with targets as 1389 and 1386. Stoploss should be placed around 1405 level. Why to go Short: Gold is trading weak for last 2 sessions, we expect a pullback to its support near 1386 level. It has also broken below its bullish channel lower boundary on 30 minutes chart. We are now bearish for ... [Continue Reading]
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