OurNifty.com

A Indian Stock Market Blog

Nifty Support Resistance Levels For 26-Oct-2010

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We see Nifty to trade in this range today, may be with high volatility; so, any breakout in either direction will decide the trend today. Nifty: Resistance : 6139 / 6193 Support : 6042 / 6001 Our Trading Outlook: One can enter buy position once nifty touches the support zone. The 6042 level will be a good support for Nifty. For all long positions here one can keep the target at 6086. ... [Continue Reading]

Gujarat Ambuja Exports Limited (GAEL) Can Be a Multibagger Stock in Few Months

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Gujarat Ambuja Exports Limited is in edible oils & solvent extraction business, we have seen a good numbers (results) from this company. We have a company with strong fundamentals. 12 month trailing EPS at Rs.3.97, also at current market price (CMP) it trades at P/E of 10.18 again shows a undervalued stock. Today (25-Oct-2010) the stock has hit an 52-week high of Rs.41.50, which gives a ... [Continue Reading]

Hindustan Unilever Q2 Results Announced, Net Profit Jumps 34.76% at Rs.566 Cr

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Hindustan Unilever Limited (HUL) has announced its second quarter results of 2010. Company has reported net profit at Rs.566 crore vs Rs.420 crore (last), shows growth of 34.76% on year-on-year basis (YoY). Its net sales jumped 10.9% at Rs.4,680 crore versus Rs 4,220 crore in same period of FY10. Adjusted profit after tax of the company was reported at Rs.566 crore versus Rs.499.7 crore, hence a ... [Continue Reading]