Yearly Archives: 2008

As visible from figure SBIN is in a cahnnel formation and can easily see new lows in coming session While upside will be capped at 1300-1350 levels Downside can see New lows and in 3 digits.

The listless markets of the morning finally got some reason for cheer, some sense of direction, some reason to move. The much awaited IIP figures were released and as was expected, it was good. Good when compared with the figures of August 08’ but indicating that recovery is a long way off when compared to… Read More »

Nifty is forming an inverted head-and-shoulders pattern, whose neckline is placed at 3,241 and an upside breakout of thisneckline will take Nifty to 3,650 in the near future. Further,the close of Nifty above the 20-day simple moving averages is adding to this bullish scenario until Nifty holds the support of the moving average.

Buy Mundra Port at the current market price of Rs347 with thestop loss of Rs324 for the targets of Rs379 and Rs409. Thestock has completed large corrective with multiple +ve divergences.

Hi all Now nifty has rallied quiet a bit in recent days. Now we will face major resistance at 3260which is 38.25 retrace of current powerful bear market rally . Long pepole should get a bit of caution as if unable to cross the 3260 mark we may retrace back to 2860 level. Technically speaking… Read More »

We believe that the Telecommunication sector will outperform the market during the next 6-9 months as at current prices, telecommunication stocks are trading at a discount to the market’s P/E multiple. The average P/E multiple for telecommunication stocks is 10x against the market’s P/E multiple of 13x. Besides, the Indian mobile telecommunication sector continues to… Read More »