Power Grid has posted a profit after tax of Rs 5466.10 million for the quarter ended June 30, 2009 as compared to Rs 3056.90 million for the quarter ended June 30, 2008. Total Income has increased from Rs 14584.90 million for the quarter ended June 30, 2008 to Rs 18223.20 million for the quarter ended June 30, 2009.
US markets ended lower.
Europe ended flat and mixed.
Asia is trading lower.
Expect the Indian Markets to open flat to negative.
The support for the Sensex is 12000 and the resistance to the up move is at 12569-12857
Nifty: (3684) the support for the Nifty is at 3600 and the resistance to the up move is at 3735-3820.
Day Trading Ideas -
TATA Motors
Buy above 276 for targets of 279 and 284
Sell below 259 for targets of 255 and 251
Unitech
Buy above 54.25 for targets of 55 and 56.10
Sell below 52.10 for targets of 51.50 and 50.80
DLF
Buy above 256 for targets of 258 and 261
Sell below 247 for targets of 245 and 242
DCB
Buy above 25.90 for targets of 26.25 and 27.10
Sell below 24.10 for targets of 23.50 and 22.90
Power Grid
Buy above 98.45 for targets of 99.20 and 100.45
Sell below 95.45 for targets of 94.80 and 93.25
Happy Investing !
US markets ended flat. The support for the Sensex is 8865 and the resistance to the up move is at 9445 Nifty: (2776) the support for the Nifty is at 2727-2685 and the resistance to the up move is at 2890 Day Trading Ideas - LNT Buy above 659 for targets of 664 and 670 Sell below 648 for targets of 645 and 641 Unitech Buy above 29.90 for targets of 30.40 and 30.90 Sell below 27.50 for targets of 27.05 and 26.50 Power Grid Buy above 88.45 for targets of 89.10 and 89.70 Sell below 86.45 for targets of 86.00 and 85.40 A special Report on how markets will react in 2009 is comming this Sunday.
Europe ended marginally lower.
Asia is trading mixed.
Expect Indian Markets to open flat to negative.
Its been one year since markets have fallen from its peak. Last year on 21st Jan we saw Indian markets saw a blood bath. The target for the Sensex is 8945 and the resistance to the up move is at 9528-9708 Nifty: (2797) the target for the Nifty is at 2686 and the resistance to the up move is at 2870-2922 Day trading ideas HDIL Buy above 106 for targets of 108 and 110 Sell below 102.25 for targets of 100 and 98.20 Power Grid Buy above 88.10 for targets of 89.85 and 91.25 Sell below 84.20 for targets of 82.10 and 80.50 Educomp Solutions Buy above 1978 for targets of 1985 and 1993 Sell below 1958 for targets of 1950 and 1940 Happy Investing. Are u angry on Ramalinga Raju? Then hit him with a rotten egg on his face.
US markets plung badly.
Europe is marginally lower.
Asia has opened weak.
India is bonded to open negative.
