L&T L&T has done engineering, procurement and construction projects for nuke power plants. It is currently working on the 2,000 MW Kudankulam nuclear project. The company will get into mainstream nuclear projects if the deal goes through. L&T’s talks with Toshibha failed. It entered into a recent tie-up with Mitsubishi for super critical boilers. The… Read More »
WEEK GONE BYWeekly Resistance was suggested at 4540. Nifty topped at 4522.40 for the week. Also chances of Head & Shoulder pattern to be formed was hinted,the same has been formed on Nifty EOD Charts. WEEK AHEADHead & Shoulders Pattern is very bearish if Nifty breaks below 4159 on closing basis. Nifty Strong/Weak Above/Below 4370… Read More »
At the crux of this entire political conundrum, the core issue, which lays quite forlorn and forgotten is the nuclear issue. Today the politicians might have turned it into an opportunity to topple the UPA Govt but few remember that it all started with the nuclear deal. Surely few of these politicians would have actually… Read More »
The stock seems to have bottomed out at 2,000 levels After consolidating between the levels of Rs2,020-2,150, it has formed anUpside Breakout formation on the daily charts, breaching through the trading range of last week. Thedaily oscillators are also showing signs of revival in the stock with RSI showing a positive crossover. Be a buyer… Read More »
1.The market has three movements (1) The “main movement”, primary movement or major trend may last from less than a year to several years. It can be bullish or bearish. (2) The “medium swing”, secondary reaction or intermediate reaction may last from ten days to three months and generally retraces from 33% to 66% of… Read More »
Although equities, commodities have lot of considerations like yield, value, cash flow, crop, inflation, demand etc etc but in the end equity is a piece of paper and commodities is a contract but all these have a value if somebody is ready to pay a price ! for it ! . So in the end… Read More »
There is always a reason, a logical reasoning behind all, well, almost everything. So one should look at the current spiraling price rise of the newly listed Resurgere Mines with a lot of trepidation, rather than awe. There is no new found fancy or reckoning for the stock, it is just pure market manipulations. Resurgere… Read More »
Dhirubhai Ambani, founder of the Reliance Industries, was no ordinary leader. He was a man who gave management a whole new “ism”. There is a new “ism” that I’ve been meaning to add to the vast world of words for quite a while now. Because, without exaggeration, it’s a word for which no synonym can… Read More »
Go Long on Nifty Resistance come around 4370 Good Buying can be accepted after 4370 Level.4413 will act as a resistance. Maruti Try to buy in range of 605-610 Range tgt of 636 BHEL buy around 1721 for a tgt of 1751 and 1778 LT buy around 2575 levels for a TGt of 2591 and… Read More »