18 Jan 2010
Asian Markets :
SGX Nifty : -29(5224)
HangSeng : -179.69(21474.47)
Nikkei : -201.07(10781.03)
Today market will open around 5200 levels as Asian indices were trading lower.
In the last week instead of good IT results, our market was failing to trade higher.Nifty was not sustained above 5300 level and volumes were also low.It shows the weakness in the market and now the global indices adding bearishness into it.On Friday Dow closed 100 points and Nasdaq closed 28.75 points in red.Today Hangseng was trading nearly 350 points in negative but it has recovered and now trading 190 points below yesterday's close.Nifty has a very important support at 5165 on closing basis.
Recommendations:
Buy Tata Motors sl 790 Trg 815
Sell PNB,Mcdowell-n
Sell Ibrealest sl 223 Trg 204 (positional)
Sell Ster sl 882 Trg 862
Sell Suzlon sl 91.25 Trg 86.5
Sell Yesbank sl 268 Trg 261
Major Results Today :
Gail,JP Associates,Sesa Goa,Sterlite Tech,Wipro and Zee
Disclaimer:
This document has been prepared by the Research Division of Integrity Financial Consultants Pvt. Ltd.,Pune, India and is meant for use by the recipient only as information and is not for circulation. This document is not to be reported or copied or made available to others without prior permission of iNTEGRITY. It should not be considered or taken as an offer to sell or a solicitation to buy or sell any security. The information contained in this report has been obtained from sources that are considered to be reliable. However, iNTEGRITY has not independently verified the accuracy or completeness of the same. Neither iNTEGRITY nor any of its affiliates, its directors or its employees accept any responsibility of whatsoever nature for the information, statements and opinion given, made available or expressed herein or for any omission therein.Recipients of this report should be aware that past performance is not necessarily a guide to future performance and value of investments can go down as well. The suitability or otherwise of any investments will depend upon the recipient's particular circumstances and, in case of doubt, advice should be sought from an independent expert/advisor. Either iNTEGRITY or its affiliates or its directors or its employees or its representatives or its clients or their relatives may have position(s), make market, act as principal or engage in transactions of securities of companies referred to in this report and they may have used the research material prior to publication.
Contact Details : email : info@integrity.org.in
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