Archive for July 2011

BEST BUYING LEVELS FOR THE COMING WEEK

Friends I think the major support zone of Nifty in the coming week will be 5400. 5390 will be a very crucial support level for Nifty. If trade stabilizes in this level, then it can go up to 5600. But if Nifty break that important 5390 level, then market

L&T FINANCE HOLDINGS IPO SUBSCRIBED 46% ON DAY 1

The initial public offering of L&T Finance Holdings was subscribed 0.46 times or 45.78% till 1740 hours on the first day of the issue yesterday. The company's IPO received bids worth 9.82 crore shares against 21.45 crore shares on offer, according

TECHNICAL ANALYSIS OF CROMPTON GREAVES

Crompton Greaves announced its first quarter, 2011-12 results on Wednesday 20/07/2011.  The company’s net profit decreased by 58.4 percent to Rs 79.47 crore in Q1, 2011-12, as compared with Rs 190.85 crore in the year ago period as profitability

L&T FINANCE HOLDINGS IPO

L&T FinanceLimited (LTF) a subsidiary of Larsen and Toubro is one of the leading NBFCs (NBFC means Non-banking financial company. A non-banking financial company (NBFC) is a company registered under the Companies Act, 1956 of India

STOCKS I PREFER FOR THE NEXT CORRECTION

Last Friday Nifty closed at 5660.65, 68.30 in red. But there was a positive rally throughout the week except in Friday. From previous week onward FIIs are on the buying side. This is a positive note for Indian market. So in this scenario I do not

BEST BUYING LEVELS FOR THIS WEEK

The major support level of Nifty will be in the range 5530-5550. If market gets support in this level it can go up to 5730 which is the 1st Resistance of Nifty in this scenario. If trade stabilize in this range then it can go up to 5820 which is the