(My Original Blog Post: http://www.onlineequitycalls.com/2008/12/limited-downside-in-it-stocks-baliga/)
Ambareesh Baliga of Karvy Stock Broking feels that there is limited downside in IT stocks.
"IT provides a lot of value at this point of time but we can’t recommend people to buy right now because people surely expect some sort of returns, at least over the next 3-6 months, which I don’t think is possible at this point of time. I think IT should be there on the radar to be bought, like the downside is quite limited from here. But I think people should wait at least for the next month or two before they really decide which stocks to buy and on the top of the radar is surely Infosys, TCS and Wipro."
Source : MoneyControl
(My Original Blog Post: http://www.onlineequitycalls.com/2008/12/intraday-tips-and-market-outlook-for-4th-dec-from-indianmoneypluscom/)
IndianMoneyplus.Com - US markets rallied.
(My Original Blog Post: -*http://www.onlineequitycalls.com/2008/12/16-return-across-9-stock-ideas/)
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(My Original Blog Post: http://www.onlineequitycalls.com/2008/12/dlf-december-2008-futures-at-premium/)
From: cafestocks.com, where thousands of users are discussing about stocks.
Read the entire story online
Nifty December 2008 futures were at 2647, at a discount of 9.45 points as compared to the spot closing of 2656.45. Turnover in NSE's futures & options (F&O) segment increased to Rs 33,606.23 crore from Rs 33,471.48 crore on Tuesday, 2 December 2008.
DLF December 2008 futures were at premium at 193.60 compared to the spot closing of 191.95.
Infosys Technologies December 2008 futures were at discount at 1153 compared to the spot closing of 1156.55.
Read the entire story online
(My Original Blog Post: -*http://www.onlineequitycalls.com/2008/12/tata-steel-soars-in-volatile-market/)
From: cafestocks.com, where thousands of users are discussing about stock markets.
Congress party head Sonia Gandhi's statement that India wants peace with all its neighbours helped the market stage a rebound from lower level in mid-afternoon trade. Easier margining norms, hopes of government measures to pump prime the economy and firm Asian stocks supported the domestic bourses. But lower US index futures, weak European stocks and on concerns about the weakening global economy capped gains. The BSE 30-share Sensex was up 8.19 points, or 0.09%, recovering close to 145 points from the day's low.
The market was highly volatile and moved between positive and negative zone throughout the day. After a firm start on easier margining norms and hopes of government measures to pump prime the economy, the market shortly slipped into the red as lower US index futures, paring of gains by Asian markets and global recession worries marred investor sentiment. The market bounced back later as Asian equities regained strength.
Read the entire story
(My Original Blog Post: http://www.onlineequitycalls.com/2008/12/how-are-the-world-markets-faring/)
To get a live update of the world markets, visit cafestocks.blogspot.com
To get the latest on crude, visit cafestocks.blogspot.com
(My Original Blog Post: -*http://www.onlineequitycalls.com/2008/12/intraday-tips-and-market-outlook-for-3rd-dec-from-indianmoneypluscom/)
IndianMoneyplus.Com - US markets were up and rallied almost 3%.
The support for the Sensex is 8500 and the resistance to the up move is at 8898-8998
Nifty: (2658) the support for the Nifty is at 2650 and the resistance to the up move is at 2860-3113
Day Trading ideas.
LNT
Buy above 682 for targets of 690 and 698
Sell below 661 for targets of 655 and 649
Aban Offshores
Buy above 645 for targets of 651 and 656
Sell below 632 for targets of 628 and 624
Unitech
Buy above 26.10 for targets of 27.05 and 27.80
Sell below 24.20 for targets of 23.60 and 23.10
More Tips on IndianMoneyplus.Com
Happy Investing.