Archive for September 29th, 2008

HUL may test Rs 265: Gujral

Technical Analyst, Ashwani Gujral is of the view that HUL may test Rs 265.

Hindustan Unilever has been outperforming for the last five-six months and now it’s got support around Rs 230 probably we can see levels of about Rs 265. But it will not give those massive gains; market will fall and HUL will hold up, probably will go up to Rs 2-3.”

Below Rs 96, Hindalco an attractive buy: Tulsian

Investment Advisor SP Tulsian is of the view that below Rs 96, Hindalco Industries is an attractive buy.

Sterlite Techno bags orders worth Rs 254cr; stock down

Sterlite Technologies has touched a 52-week low of Rs 115.30. At 11:11 am, the share was quoting at Rs 116.05, down Rs 1.75, or 1.49%.

The company has bagged orders worth Rs 254 crore from Power Grid, reports CNBC-TV18.

SAIL has support at Rs 117: Gujral

Technical Analyst, Ashwani Gujral is of the view that SAIL has support at Rs 117 and probably Rs 160 is a resistance.

SAIL has held up quite well in the entire metals decline; Rs 117 is now a support here and probably Rs 160 is a resistance.”

Stay invested in steel space: Chakrabarty

Amitabh Chakrabarty of Religare Securities is of the view that one can stay invested in steel space.

Suzlon Energy has support at Rs 152: Gujral

Technical Analyst, Ashwani Gujral is of the view that Suzlon Energy has support at Rs 152 and resistance around Rs 203.

Suzlon Energy is a weak chart and now it’s got support around Rs 152 and resistance around Rs 203.”

Suzlon board approves Rs 1800 cr rights isuue

The Suzlon board has approved the Rs 1,800 crore rights issue proceeds in order to buy Martifer’s stake in REpower.

Stock Calls for today

Southern Petrochemicals

Jaipan Industries

Amar Remedies

OnMobile Global

and more

Visit www.cafestocks.com/tipstoday

Market outlook and Intraday Tips for 29th Sept.

Source:  – www.indianmoneyplus.com

Asia has opened higher on an average of 1.5% on the upside.
US markets were trading mixed but Dow ended a higher note.
We may see a gap up opening.
Nifty has a support at 3810 and resistance above 4090.