Archive for January 8th, 2009
Free Intraday Stock Tips 9-1-09
MARKETCALLS – Intraday Stock Tips
Sell HDFC below 1603 SL 1631 Target 1575-1561
Sell INFOSYS below 1164 SL 1180 Target 1147-1131
Sell JSWSTEEL below 234 SL 244 Target 226-218
Sell MARUTI below 560 SL 570 Target 552-543
buy NTPC above 173 SL 168 Target 175-177
Always remember, put SL in your every trade.
Strictly follow Above and Below price, then follow strictly SL
No plans to suspend trading of Satyam shares: Exchanges
MUMBAI: India’s premier bourses, the Bombay Stock Exchange and the National Stock Exchange, on Thursday said there was no move to suspend trading of Satyam’s shares as of now even though the company has been removed from Sensex and Nifty from January 12.
Market Review for 9th January 2009
BSE Sensex: (9587) we said ‘Technically the market is up but I would be cautious and move my stops in and take profits where I can’. The market broke the crucial levels and cracked. I would consider the market as down unless it closes above the 10000 mark.
NSE removes Satyam from Nifty; replaced by Rel Capital
MUMBAI: The National Stock Exchange on Wednesday removed Satyam from its benchmark index Nifty and the IT firm will be replaced by Reliance Capital with effect from January 12.
Heard on the Street
Bharti continues its losing streak
Bharti Airtel shares extended their losing streak for the fourth successive session on Wednesday, shedding 1.2% to close at Rs 649.10. Despite the fall, Bharti was among the better performers in the BSE Sensex. Market watchers attributed the performance to squaring off short positions by bear traders, including the ‘Old Fox’.
Indian ADRs: ICICI Bank slips 13.3%, HDFC Bank down 10.3%
In the US markets, stocks logged their worst loss in about a month amid some dismal predictions on the jobs front and as profit warnings started to roll in.
Free intraday tips & Market outlook for 8th Jan from IndianMoneyPlus.Com
Satyam’s fraud was the reason the market tank yesterday. Satyams ADR opened down 91%.
US markets ended lower on an average of 3%. Europe also ended lower.
Asia has opened negative.
