STOCKS


Moneylife Digital Team 26 March 2012
Nifty has to close above any previous day’s high for the downtrend to reverse Economic concerns and the rupee hitting a fresh two-month low led the market lower today. We mentioned in our Friday’s market report that the Nifty is expected to remain trapped in a narrow range of 5,200 and...

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In every country where they exist, state-owned banks run up massive amounts of bad loans, often politically motivated, that eventually end up the responsibility of the taxpayers. In certain countries there is an even more insidious effect. They distort depositor behaviour sending money where...

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Moneylife Digital Team 24 March 2012
Nifty trapped in the narrow range of 5,200 and 5,400 The market closed in the red for the fifth week in a row as worries about the global economic growth and domestic concerns weighed on the sentiments. Across the world, lower manufacturing output in China and Eurozone raised worries about...

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Vidur Pendharkar 24 March 2012
Strong resistance is pegged in the 5,385-5,425 points range and unless and until this is taken out the bulls would continue to be under pressure. One should persist with the strategy of selling in rallies especially close to the above mentioned area S&P Nifty close: 5278.20

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Moneylife Digital team 23 March 2012
Nifty is trapped in a narrow range of 5,200 and 5,400 Gains in the second half of trade, despite unsupportive global cues, helped the market close nearly 1% higher on Friday. The gains were also supported by Goldman Sach’s latest Asia-Pacific Quarterly Outlook report, which upgraded...

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Moneylife Digital Team 22 March 2012
Nifty may seek support at 5,175 but the trend is down unless the market closes above any previous day and strengthens further The huge sell-off in the second half of trade after the key European markets opened lower and a depreciation of the rupee to a fresh two-month low resulted in an...

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Moneylife Digital Team 22 March 2012
A beaten down stock Minda Industries, a flagship of the Minda group, is a manufacturer of automobile components and supplies to OEMs.  The company’s corporate office is located at Gurgaon (Haryana) and its products are in lighting, batteries, horns for two-wheelers, three-wheelers and...

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Moneylife Digital Team 22 March 2012
Strong growth record V-Guard Industries has become synonymous with voltage stabilisers across south India. Exploiting its brand equity, the company has expanded its product range to include wiring cables, pumps and motors, geysers, solar water-heaters, fans, UPS (uninterrupted power...

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Rajiv Gandhi Equity Savings scheme may have a laudable objective; it is the responsibility of the government to ensure that the ordinary investors, whose financial literacy is at a low ebb, are protected to the maximum extent to ensure success of the scheme In the Budget 2012-13, finance...

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Moneylife Digital Team 21 March 2012
If Nifty holds to today’s gains, it may move to 5,460 We had mentioned in the past two days that any close above previous day’s high may signal a change in trend. Today the Nifty not only closed above its previous day high, it has also closed above its 20-day moving average of 5,346. If...

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Moneylife Digital Team 20 March 2012
Nifty may reach the level of 5,165 and then at 5,115. A close any previous day’s high may signal a trend change Snapping its three-day losing streak the market closed higher amid choppy trade. Consumer durables, banking and realty stock led the market higher in late trade. Although the...

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Moneylife Digital Team 19 March 2012
Nifty may find its first support at 5,175 and then at 5,115. A close above any previous day’s high is needed for a change of trend The market settled lower for the third straight day on investors’ disappointment with the Budget, which saw realty, power and capital goods sectors ending as...

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Will the optimism of FIIs prove foolish? In my previous column, I had highlighted the fact that the market rally that started in early January has slowed down sharply. In the market lingo, we are in a period of risk-off. Two weeks ago, the Nifty was at 5,359. At close of trade on Friday,...

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Moneylife Digital Team 17 March 2012
Nifty may see the level of 5,195 The market closed flat with a negative bias as the status quo by the Reserve Bank of India (RBI) by keeping key rates unchanged and the budget, which estimated a higher fiscal deficit for the next fiscal and a hike in service tax, put off investors.

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Moneylife Digital Team 16 March 2012
A sharp decline on budget disappointment has put the bulls on the back-foot With most of the Asian indices opening flat all ended in red except for the Shanghai Composite and Nikkei 225. Thursday saw the lowest amount of FII inflow in the past five trading sessions while DIIs continued...

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The Union Budget 2012 has tried to attract small investors into the stock market leaving mutual funds in a mess. It shows knee jerk reaction, no understanding of ground reality and policy confusion Finance Minister Pranab Mukherjee, in his budget presentation speech for the fiscal...

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Moneylife Digital Team 15 March 2012
A close of the Nifty below 5,300 and may see selling pressure accelerate. A close below 5,170 would be bearish A status quo by the Reserve Bank in its quarterly policy review resulted in the market snapping its four-day gaining streak and closing in the negative. We may now see the Nifty...

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Moneylife Digital Team 14 March 2012
Short-term movement will be sideways for now On Tuesday, foreign institutional investors were net buyers for third day in a row, while domestic institutional investors changed to net sellers. All the Asian indices opened in the positive today on the back of positive news from the US;...

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Moneylife Digital Team 13 March 2012
The Nifty’s next move is to 5,495 and then to 5,610 Sustained buying by institutional investors and a positive global trend led the market higher for the third successive day. This was also the third successive day that the Nifty made a higher high and higher low. We may now see the...

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Moneylife Digital Team 10 March 2012
A close above 5,400 on the Nifty essential for upmove Concerns about economic reforms being impacted after the Congress party lost in the state assembly elections and the unending Eurozone debt crisis kept the market in check this week. While the Reserve Bank of India cut the CRR by 75...

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