Ispat Industries Ltd has announced the following Un-audited results for the quarter ended June 30, 2009:
The Company has posted a Net loss of Rs (2149.20) million for the quarter ended June 30, 2009 as compared to Net profit of Rs 287.30 million for the quarter ended June 30, 2008. Total Income has decreased from Rs 28757.80 million for the quarter ended June 30, 2008 to Rs 14018.50 million for the quarter ended June 30, 2009.
US Markets ended flat.
European markets ended mixed.
Asia has opened higher.
Expect Indian Markets to open flat to positive.
The support for the Sensex is 11200 and the resistance to the up move is at 11640
Nifty: (3474) the support for the Nifty is at 3400 and the resistance to the up move is at 3735
Day Trading Ideas -
LIC Housing Finance
Buy above 372 for targets of 376 and 379
Sell below 364 for targets of 361 and 358
SAIL
Buy above 111 for targets of 114 and 117
Sell below 103 for targets of 101 and 99
Ispat Ind.
Buy above 13.85 for targets of 14.35 and 14.90
Sell below 12.10 for targets of 11.50 and 11.05
LNT
Buy above 891 for targets of 899 and 906
Sell below 876 for targets of 871 and 865
Happy Investing !
