Our Recommendation : Long positions above 1.4045 with targets @ 1.41 & 1.42 in extension. Alternative scenario: Below 1.4 look for further downside with 1.395 & 1.3895 as targets. Why to go long: The pair stands above its new support and remains on the upside. RSI signals upward move. Levels to watch: 1.42 1.41 1.4091 last 1.4 1.395 If you are not trading forex then goto Forex Trading from menu ... [Continue Reading]
Buy Nifty at 6262 for Target 6287
Recommendation for Nifty for 14-Oct-2010: Buy Nifty around 6262 for target of 6287 / 6299. Stop loss for this trade can be placed at 6246. Comment: Nifty has been consolidating between 6100 and 6200, yesterday it has given a positive breakout following global markets. The daily technical indicators are showing strong bullish pattern. ... [Continue Reading]
Buy Wipro around 492 for target 501
Today's stock recommendation: Buy Wipro @ Rs. 492 as the stock has shown strong upward momentum yesterday. So target for this position will be at Rs. 501 and then 507. Stop loss should be placed around 486. Note: This stock has given a positive breakout yesterday and looks bullish on daily chart. ... [Continue Reading]
Binani Ind. Jumped 85% in 5 Sessions
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 ... [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. The primary market has markets surged to new 25 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 this Rs. 15,000 crore IPO ... [Continue Reading]