Today picks - Rpower,Utv,JP Ass,
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Nifty started entering a bullish phase.. but now once again we need to always be
careful of higher level because of two reason...
==> Budget month
==> Nifty again coming near to the level of 5400. Where previously it found difficult to cross. But as of now this level as per the charts has increased to 5415.
On the upside I see a clear upword move upto 5415. 5415 should act as good resistance.If cross 5415 successfully and trade above it successfully can take Nifty to 5650 in few days
Dalal Street is expected to continue its upward journey on Monday morning. The cues from all the Asian markets are positive with Nikkei rising more than 1.3 percent. We see a positive overall with broad based buying across the board.
Mid Caps are likely to participate actively in the upmove, as they have been beaten down hard in the recent carnage. Some significant events that might be the talk of the town today are, bonus issue announced by ADAG to the shareholders of Reliance Power, RBI nod to IndiaBulls for setting up an NBFC and reports of Disney picking up a stake in UTV Software.Investment bank UBS has pegged the Sensex level at 22,600 by the end of the year.
We advise our visitors to hold on to the positions and given a chance add some quality companies to your portfolios. Unless some shocking news rocks the boat and dampens the sentiment, the markets are definitely looking healthier than ever in 200 Expect a 1.5 to 2 percent up move in the Sensex with select mid caps stealing the show
Stocks in news - Canara Bank, Gammon India, Ess Dee Aluminium, Orient Express, UTV Software and many more
Canara Bank, Gammon India, Ess Dee Aluminium, Orient Express, Reliance Power, PFC, UTV Software and many more stocks hit the headlines over the weekend.
Canara Bank is all set to enter the booming broking business, to launch online trading soon.
Ess Dee Aluminium is reported to acquire reeling India Foils soon.
Nicholas Piramal signs agreement with US-based Eli Lilly to develop and commercialise latter’s certain pre-clinical drug products.
Reliance Power proposes bonus shares to non-promoters, board to meet on 24th Feb
UTV Software is reportedly selling 17.15% stake to Disney for a whopping Rs.1300 crores
Gammon India is floating a logistics firm and is investing Rs 300 cr in the venture.
US equity firm Clear Trade is in talks with PFC to sell stake in $12-bn fund
Tech Reliance, the information technology company being floated by Reliance Communications (RComm) is likely to tie up with Accenture
Madras high court barred the sale and manufacture of its Flame motorbike, ruling to affect TVS Motors
JSW group is likely to foray into ports, airports & shipyards