Surged up by news on delisting its cement arm, Binani Industries has surged 85% in the markets over the last five trading sessions. It touched a 52-week high yesterday of Rs 203.60 and gained a further 9.99%, or Rs 18.50 to close at Rs 203.60. There were pending buy orders of 385,815 shares, with no sellers available. Why the stock is up 85%? The stock hit the upper circuit on the Bombay Stock ... [Continue Reading]
How is Coal India’s IPO, Subscribe or Not
It is the largest of all IPOs we had this year. This year has been quite lively, and at least the last few months have been quite lively for the primary market as markets surged to new 23 weeks high. But it has all been building up to the big one which opens next week on October 18(monday). That’s Coal India. The government yesterday fixed the price band for its IPO at Rs.225-245. Subscription to ... [Continue Reading]
EUR/USD intraday for 12-oct-2010
Today's Pivot: 1.387 Short positions below 1.387 with targets @ 1.376 & 1.369 in extension. Alternative scenario: Above 1.387 look for further upside with 1.391 & 1.3955 as targets. Why to go Short: The pair remains under pressure, the RSI is showing mixed to bearish trend. Levels to watch: 1.3955 1.391 1.387 1.3804 last 1.376 1.369 1.3635 Please share your position in forex trading info if you ... [Continue Reading]
GOLD (Spot) for 11-oct-2010
Pivot: 1322.00 Our Preference: LONG positions above 1322 with 1365 & 1375 as next targets. Alternative scenario: The downside penetration of 1322 will call for a slide towards 1305 & 1295. Comment: The price is supported by a rising trend line, the RSI is bullish and calls for further advance. Trend: Short Term Bullish; Medium Term Bullish Key levels Comment: 1396* Fib projection 1375* Fib ... [Continue Reading]
OurNifty.com Now Offers Free Nifty Tips
We are very happy to announce that OurNifty.com now offers free tips in nifty future and option, daily updates on nifty support/resistance, market trend, trading signals with lots of charts and details. These updates will be provided by website post and on sms. To receive free tips on Nifty just sms: ON OURNIFTY and send it to 9870807070. (operator charges Re.1) Remember we will not charge even ... [Continue Reading]