OurNifty.com

A Indian Stock Market Blog

Gravita India Ltd. IPO to Hit Markets on 1 November 2010

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Gravita India Ltd. is manufacturer of lead metal is now entering capital market with an initial public offering (IPO) of 36,00,000 (3.6 million) equity shares. IPO opens on 1 November 2010 and will close on 3 November 2010. The company aims to raise Rs.43.2-45 crore at a price band of Rs 120-125 a share. The company will use this amount for setting up an additional manufacturing plant at Jaipur ... [Continue Reading]

Nifty Support Resistance Levels For 27-Oct-2010

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As the expiry of october series is approaching, we see Nifty to trade in tight range today, also the volatility will be high. So, wait for the breakout in either direction before entering the trade today. Nifty: Resistance : 6128 / 6163 Support : 6056 / 6014 Our Trading View: One can enter buy position once nifty comes in support area near 6056 levels. The 6056 level will act as a good support ... [Continue Reading]

Short Term Stock: Buy YESBANK, For Target 398

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Yesbank has been very bullish stock since April, today the stock touched its new 52-week high of 378.80. As per trending move on daily chart we will strongly recommend to buy this stock for short term trading opportunity around 374 - 378, as this stock has broken above its 52-week high. Target for YESBANK comes at 398 / 418. Stop loss should be placed at 365. YESBANK is definitely a good buy with ... [Continue Reading]