NMDC has posted a net profit of Rs 7737.50 million for the quarter ended June 30, 2009 as compared to Rs 9813.10 million for the quarter ended June 30, 2008. Total Income has decreased from Rs 18623.70 million for the quarter ended June 30, 2008 to Rs 15070.60 million for the quarter ended June 30, 2009.
US markets ended mixed.
Europe ended in red.
Asia has opened flat to negative.
Expect the Indian markets to also open flat to positive.
The support for the Sensex is 13400-12600 and the resistance to the up move is at 13960
Nifty: (4079) the support for the Nifty is at 3870 and the resistance to the up move is at 4135
Day Trading Ideas :
NMDC :
Buy above 333 for targets of 342 and 351. SL of 327
Sell below 325 for targets of 316 and 308. SL of 330
NTPC :
Buy above 195 for targets of 198 and 201. SL of 192
Sell below 190 for targets of 187 and 184. SL of 192
ACC :
Buy above 790 for targets of 805 and 818. SL of 777
Sell below 773 for targets of 765 and 754. SL of 777
Happy Investing !
Here is a list of some debt free companies and companies with less debt :
