HDFC Ltd. has declared its Q2 (quarter second) results today. The company's Q2 net profit surged 21.70% to touch Rs.808 crore vs Rs.663.9 crore last quarter. Its net interest income was up 25% at Rs 1,189 crore verses Rs 947 crore last quarter. Also other income was quoted at Rs 4.7 crore versus Rs 5.4 crore. The company has seen huge growth of 18.73% in loan products. The average 12-month ... [Continue Reading]
SESAGOA INTRADAY LEVELS FOR 18 OCT 2010
As per our analysis we have SESAGOA for intraday trading: BUY SESAGOA AT 364 FOR TARGET: 369 / 374 STOP LOSS SHOULD BE PLACED AROUND 360. SESAGOA HAS SEEN THE STRONG UPWARD MOMENTUM LAST WEEK. AS THE DAILY TECHNICAL INDICATORS ARE SHOWING CONTINUATION OF BULLISH MOVE. ... [Continue Reading]
NIFTY LEVELS FOR 18 OCT 2010
Here we are with today's (18-OCT-2010) NIFTY Future analysis: Nifty Future is likely to be bearish till its first support level of 6019. If it continues to trade below this level then we see immediate intraday support at 5982 levels. If it trades above 6033, Target for Nifty Future comes to 6060 and 6077 in extension. Our Analysis: BUY NIFTY FUTURE ABOVE 6019 FOR TARGET: 6055 / 6077 STOP LOSS ... [Continue Reading]
POSITIONAL CALL: SELL HINDPETRO FUT AT 503
OUR VIEW: SELL HINDPETRO FUT AT 503, WITH TARGET 493 / 487. STOP LOSS FOR THIS TRADE CAN BE AROUND 506(SPOT). WE SAW BEARISH PATTERN FORMED YESTERDAY AND CONFIRMED THIS TODAY. ... [Continue Reading]
SpiceJet can touch Rs.83 mark soon
As the aviation sector is improving I see that SpiceJet numbers are getting stronger in future. So in my opinion this company should see robust growth in few quarter. SpiceJet stock has been showing strong momentum in past few days, so we recommend to buy this stock around 76 to 78 with target to touch 84. Stop Loss for this position should be placed at 74 levels. ... [Continue Reading]
