Archive for January 14th, 2009
See short-term range for Sensex at 8-10k: UBS Sec
Suresh Mahadevan, Head of Research, UBS Securities, expect the Sensex to remain rangebound at 8,000 to 10,000 in the short term till the market sees a tangible positive cap — whether it is economic recovery, political certainty or bottoming out of corporate earnings. He expects the Sensex to touch 13,500 by March 2010.
Bharti Airtel top pick in the telecom: Mahadevan
Suresh Mahadevan, Head of Research of UBS Securities is of the view that Bharti Airtel will be our top pick in the telecom space.
HDFC Bank Q3 NII up 37.66% at Rs 1979 cr
HDFC Bank has announced its third quarter results. The company’s Q3 net profit was up 44% at Rs 621 crore versus Rs 429 crore.
Working within a distributed IT environment
It is my pleasure to say that currently I am working in a r services.
Market Review for 15th January 2009
BSE Sensex: (9370) the market unfolded as expected and we saw the 9000 mark holding and it was the short covering that drove the market up…looks like we might see some more upside in the days to come
Intraday calls for 14-01-09
Buy Tata Power at 752, target: 772. Stoploss: 747
Buy Axis bank at 441, target: 462. Stoploss: 437
HaTsoFF :FREE CALL intraday:14th january 2009
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Expect positive opening: Gujral
Technical Analyst, Ashwani Gujral: Market will have a positive opening today. We may see small pull back today after four days of downside. Supports are at 2675-2720 and resistances are at 2810-2860-2880. Markets are still weak. Every pull back should be used to sell.
Market looks oversold: Deven Choksey
Deven Choksey, KR Choksey Securities: The market looks oversold. We may see a technical bounce that could last for 2-3 days. The range for the Nifty is seen between 2,630-2,880. I like Infosys, TCS, SBI, RIL & Tata Steel.
Mahajan expects Nifty to trade around 2800-2900
Tushar Mahajan, Edelweiss Securities: Most of the deleveraging in stock Futures happened in the first few days post the Satyam fiasco. I expect Nifty to trade around the 2800-2900 level going forward. Call writing has been seen at the 3,000 level and it will be a difficult level to breach. Metals have seen OI build-up over the past few days.
Rolta falls victim to rumour, stock recoups after 70% crash
MUMBAI: Rolta became a casualty of market rumours in early trades on Tuesday. The Rolta scrip fell nearly 70% intra-day, before trimming losses to 18%. The scrip ended the day at Rs 87.15 on the Bombay Stock Exchange (BSE). There were talks of the company having inflated numbers, promoters selling stake, independent directors resigning, pledged shares being dumped by lenders and the company shutting down one of its units in the US.