Tuesday, July 21, 2009

Saturday, July 11, 2009

As on Friday 10th July 2009

* SUZLON closed @ 83.25 and we RECOMMEND Sell for LONG-TERM with STOPLOSS of 98.48 and Sell for SHORT-TERM with STOPLOSS of 96.49 and we also expect STOCK to react on Following IMPORTANT LEVELS Today.
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*GMRINFRA closed @ 125.40 and we RECOMMEND Buy for LONG-TERM with STOPLOSS of 94.49 and Sell for SHORT-TERM with STOPLOSS of 140.95 and we also expect STOCK to react on Following IMPORTANT LEVELS Today.
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Resistance 2
134.39
Resistance 1
130.69
Pivote
126.5
Support 1
120.11
Support 2
116.41
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*DLF closed @ 278.50 and we RECOMMEND Sell for LONG-TERM with STOPLOSS of 294.93 and Sell for SHORT-TERM with STOPLOSS of 318.75 and we also expect STOCK to react on Following IMPORTANT LEVELS Today.
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Resistance 2
293.75
Resistance 1
287.47
Pivote
281.35
Support 1
269.53
Support 2
263.25
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*RELCAPITAL closed @ 742.85 and we RECOMMEND Buy for LONG-TERM with STOPLOSS of 735.01 and Sell for SHORT-TERM with STOPLOSS of 814.98 and we also expect STOCK to react on Following IMPORTANT LEVELS Today.
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*TATASTEEL closed @ 352.90 and we RECOMMEND Buy for LONG-TERM with STOPLOSS of 320.20 and Sell for SHORT-TERM with STOPLOSS of 366.65 and we also expect STOCK to react on Following IMPORTANT LEVELS Today.

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Metals & Energy

*Crude oil poised for biggest weekly fall since Jan. Business Line

*Metals prices to drop this quarter. Business Line

*Nickel declines on global cues. Business Line

*Rupee slips 30 paise against dollar. Business Line

*Forex reserves fall $107 million. Business Line

*Crude oil may rebound next year on emerging market demand. Business Line

*Copper down on dollar strength. Business Line

*Silver near 10-week low.

*Oil at $60 sees big Weekly fall. The Economic times

*Gold plunges 2%, dollar firms up. The Economic times

*Bond falls, rupee weakens to 49.02. The Economic times

Agri Commodities News

*Kharif crops coverage still down.
Sowing gathers momentum on monsoon’s progress. (Business Line)

*Malaysian palm oil exports rise. (Business Line)

*Palm oil futures resume fall. (Business Line)

*Spill-over rains wet parts of parched north-west. (Business Line)

*Castor seed futures drop on weak export demand. (Business Line)

*Kharif Sowing picks up pace as monsoon revives. (Financial Express)

*Govt tells HC it needs six months to fix sugar price. (Financial Express)

*Centre to provide extra seeds to counter poor sowing. (Financial Express)

*Onion, potato prices unlikely to rise further. (Financial Express)

*Jeera futures gains 1.93%.(Financial Express)

*Tax-free sugar imports to extend. (Financial Express)