Our intraday trading analysis on EUR/USD, we recommend Short (Sell) EUR/USD Below 1.3625 for target of 1.355 and 1.3475 keep stoploss above 1.367. Why to go Short: This pair has been weakening and must remain under pressure. We see it to approach its intraday support level. So trend should be mixed to bearish today (23 Nov 2010). ... [Continue Reading]
Gold(Spot) Intraday Trading for 23 Nov 2010, Sell Below 1371
Our recommendation for gold intraday trading, Sell (Short) positions in GOLD below 1371 level with targets as 1353 & 1346. Stoploss must be placed above 1375. Why to go Short: The price was on consolidation last few sessions and we see RSI turing down. Trend: Short term: Consolidation; Medium Term: Bullish ... [Continue Reading]
Claris Life IPO to Hit Market on 24 Nov 2010
Claris Lifesciences will come up with an IPO on 24-November-2010. With this IPO company aims to raise Rs. 3 Billion. Price band set for the issue is Rs.278 to 293 per share. IPO opens on 24 november 2010 and closes on 26 November 2010. The company plans to use this capital to set up a new manufacturing unit, a research and development unit and pre-payment of some term loan. Subscribe or not: We ... [Continue Reading]
Intraday Stock: Sell Tata Steel (TATASTEEL), Target 612.9
Stock for intraday trading: SELL TATASTEEL @ 620 for target: 612.9 and 606, place protective stoploss at 624.8. We see selling pressure is likely to continue in this stock. Trend for today is mixed to bearish. ... [Continue Reading]
Nifty Future Support Resistance Levels For 23-Nov-2010
Nifty may open slightly lower today following global markets, we can see profit booking near 5970 level. However we may see more weakness in afternoon session, we suggest you to enter a sell position, as markets are more likely to weaken so sell nifty near 5965 levels. The trend will be mixed to bearish today. Todays range will be slightly higher than the previous sessions. Nifty: Resistance : ... [Continue Reading]
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