Cairn India has posted a net profit of Rs 454.40 million for the quarter ended June 30, 2009 as compared to Rs 1385.80 million for the quarter ended June 30, 2008. Total Income has decreased from Rs 4614.30 million for the quarter ended June 30, 2008 to Rs 3339.20 million for the quarter ended June 30, 2009.
US markets ended higher.
Europe also ended higher.
Asia has opened Higher following the global rally.
Expect the Indian markets to open positive.
The support for the Sensex is 15000 and the resistance to the up move is at 15300-15600-16046
Nifty: (4502) the support for the Nifty is at 4400 and the resistance to the up move is at 4615-4700-4789
Day Trading Ideas :
TCS : Buy above 510 for targets of 518 and 526. SL of 502
Bank of Baroda : Buy above 438 for targets of 445 and 458. SL of 430
MNM : Buy above 802 for targets of 814 and 821. SL of 793
Cairn India : Buy above 249 for targets of 255 and 259. SL of 244
US markets ended flat. (But in green)
Europe ended in green.
Asia is trading positive to flat.
Expect the Indian Markets to open in the same manner.
The support for the Sensex is 13514-13400-12600 and the resistance to the up move is at 13960
Nifty: (4081) the support for the Nifty is at 3870 and the resistance to the up move is at 4135
Day Trading Ideas :
Cairn India :
Buy above 211 for targets of 215 and 218. SL of 207
Sell below 205 for targets of 202 and 199. SL of 207
KSK Energy :
Buy above 228 for targets of 231 and 234. SL of 224
Sell below 223 for targets of 221 and 218. SL of 227
State of global markets :
US markets ended flat.
Europe ended mixed.
Asia has opened flat to positive.
Expect the Indian Markets to open flat to positive.
NIFTY Levels :
Spot - 4525.25
Support -4455.5 and 4385.85
Resistance - 4590.55 and 4656
Day Trading Ideas :
Cairn India : Buy above 270 for targets of 273 and 275. Keep a SL of 264
HDIL : Buy above 308 for targets of 311 and 314. Keep a SL of 302
RNRL : Buy above 87.10 for targets of 88.25 and 89.10. Keep a SL of 85.45
Happy Investing !
