Reliance Power has posted a net profit after tax and minority interest of Rs 2633.099 million for the quarter ended June 30, 2009 as compared to Rs 612.226 million for the quarter ended June 30, 2008. Total Income has increased from Rs 805.536 million for the quarter ended June 30, 2008 to Rs 3355.116 million for the quarter ended June 30, 2009.
US markets ended mixed.
Europe ended in green.
Asia has opened flat. Expect the Indian Markets to open flat to positive.
The support for the Sensex is 14548-14295 and the resistance to the up move is at 15130
Nifty: (4399) the support for the Nifty is at 4314-4238 and the resistance to the up move is at 4436-4615-4700-4789
Day Trading Ideas :
RPower : Buy above 162.10 for targets of 165 and 167. SL of 159.95
Adlabs : Buy above 429 for targets of 433 and 436. SL of 426
GMR Infra : Buy above 139 for targets of 141.25 and 143.10
Happy Investing !
US markets ended higher.
Europe als ended higher.
Asia has opened flat. (Only Japan has opened yet)
Expect Indian Markets to open flat to positive.
The support for the Sensex is 14500 and the resistance to the up move is at 14809-15000
Nifty: (4341) the support for the Nifty is at 4292 and the resistance to the up move is at 4380-4400
Day Trading Ideas :
LNT : Buy above 1579 fr targets of 1585 and 1594. Keep a SL of 1572
RPower : Buy above 173 for targets of 176 and 178. Keep a SL of 170
IFCI : Buy above 54.10 for targets of 55.05 and 56.25. Keep a SL of 53.25
Happy Investing !
US markets ended lower.
Europe ended lower.
Asia has opened lower but now trading in green.
Expect the Indian Markets to open flat to positive.
The support for the Sensex is 14200 and the resistance to the up move is at 14809-14800
Nifty: (4291) the support for the Nifty is at 4210-3820 and the resistance to the up move is at 4380
Day Trading Ideas :
RPower : Buy above 169 for targets of 172 and 173.50. Keep a SL of 166
Suzlon Energy : Buy above 104 for targets of 105.25 and 106.10. Keep a SL of 103.10
HDIL : Buy above 235 for targets of 238 and 241. Keep a SL of 231
Happy Investing !
State of Markets abroad :
US markets ended red.
Europe ended flat.
Asia has opened positive.
Expect a flat to positive opening on Indian Stock Markets.
The support for the Sensex is 14800-14620 and the resistance to the up move is at 15265
Nifty: (4518) the support for the Nifty is at 4465 and the resistance to the up move is at 4600
Intraday Tips :
IFCI : Buy above 56 for targets of 57.10 and 58.25. keep a SL of 54.45
IDBI : Buy above 108 for targets of 110 and 111.50. Keep a SL of 160.50
R Power : Buy above 198 for targets of 201 and 203. Keep a SL of 195
Adlabs : Buy above 412 for targets of 415 and 418. Keep a SL of 409
Happy Investing !
US markets ended in deep red.
Europe ended lower.
Asia has opened negative.
Expect the Indian markets to open negative.
The support for the Sensex is 15200-14900 and the resistance to the up move is at 15480-16046
Nifty: (4583) the support for the Nifty is at 4500 and the resistance to the up move is at 4789
Day trading Ideas :
RNRL : Buy above 108 for targets of 112 and 114. Keep SL of 105.
HCC : Buy above 101 for targets of 102 and 103.50. Keep a SL of 99.90
Reliance Power : Buy avove 201 for targets of 203 and 206. keep a SL of 199.50
Happy Investing !
US markets ended higher note.
Europe also ended higher.
Asia is trading mixed.
Expect Indian markets to open higher or flat.
The support for the Sensex is 11200 and the resistance to the up move is at 11639
Nifty: (3481) the support for the Nifty is at 3440 and the resistance to the up move is at 3734
Day Trading Ideas -
HDIL
Buy above 156 for targets of 158 and 161
Sell below 149 for targets of 144 and 142
Adani Enterprise Ltd
Buy above 449 for targets of 456 and 461
Sell below 435 for targets of 431 and 427
Reliance Power
Buy above 136 for targets of 139 and 142
Sell below 129 for targets of 126 and 124
Lanco Infratech Ltd
Buy above 245 for targets of 247 and 250
Sell below 234 for targets of 231 and 227
Happy Investing !
The results for the Quarter ended December 31, 2008
The Company has posted a net profit of Rs 1070.704 million for the quarter ended December 31, 2008. Other Income is Rs 1275.622 million for the quarter ended December 31, 2008.
The Consolidated results are as follows:
The consolidated results for the Quarter ended December 31, 2008
The Group has posted a net profit after tax and minority interest of Rs 1056.811 million for the quarter ended December 31, 2008. Other Income is Rs 1313.091 million for the quarter ended December 31, 2008.
