Unichem Laboratories Limited
Lupin, Orchid up on merger buzz
Heard on the Street: Jhunjhunwala seen part-selling VIP stake
Market Implications of the COAL INDIA Response
Sector Update - Telecom
Product of the week
INVESTING IN GOLD
The stock advanced 3.6 per cent after the company's Q2 results announcement on October 20. In the subsequent two trading sessions, the stock zoomed to record life-time high of Rs 738 and finished the week with 13.8 per cent gains. The weekly volume was extra-ordinary. After taking support from its long-term support range between Rs 390 and Rs 400 in May 2010, the stock recommenced its long-term uptrend. This up trend got accelerated this August and the stock rallied sharply.
Both daily and weekly indicators have entered in to over-bought territory signalling caution. Inability to move above Rs 750 will drag the stock lower to Rs 650 or Rs 570 in the medium-term. Supports below Rs 570 are at Rs 536 and Rs 500. However, strong close above Rs 750 can take the stock higher to psychological resistance level of Rs 800.
Pipavav Shipyard (Rs 92.7)
The stock has been on a medium-term downtrend from its August peak of Rs 117. Nevertheless, it found support around Rs 75 last week and rebounded gaining bullish momentum. Further, on Friday the stock sky rocketed 10 per cent accompanied with unusual surge in volume and ended the week by gaining 20 per cent. The stock is currently facing key medium-term resistance at Rs 96. Failure to surpass this resistance will lead to resumption of its downtrend and the stock can retreat to Rs 84 or Rs 75 in the medium-term. On the other hand, an emphatic move above Rs 96 will lift the stock higher to Rs 102 or 108. — Yoganand D.
STOCKS: Tata Steel: Hold
Investors could consider holding on to their shares in steel producer Tata Steel whose product mix and operations are looking much stronger in light of the ongoing brownfield expansion plans in India, a foil to the slower growth in Europe ...
STOCKS: SpiceJet: Book Profits
With SpiceJet's market price ruling at around Rs 81, it does not make sense for shareholders to tender at the price of Rs 57.76 in the ongoing open offer by Mr Kalanithi Maran and Kal Airways (closing date is November 6). Investors can, ...
With SpiceJet's market price ruling at around Rs 81, it does not make sense for shareholders to tender at the price of Rs 57.76 in the ongoing open offer by Mr Kalanithi Maran and Kal Airways (closing date is November 6). Investors can, ...
STOCKS: Brandhouse Retails: Hold
Investors can remain invested in the stock of Brandhouse Retails, based on its portfolio of well-established brands, a move into the promising mid-priced segment with an international brand and an extensive store network. However, with high ...
Investors can remain invested in the stock of Brandhouse Retails, based on its portfolio of well-established brands, a move into the promising mid-priced segment with an international brand and an extensive store network. However, with high ...
Pivotals: Reliance Industries (Rs 1,081.4)
Reliance Industries surged 3.8 per cent last week, decisively breaching its significant resistance level of Rs 1,050. It is trading well above its 50 and 200-day moving averages. Since its September trough of Rs 885, the stock has been on ...
Reliance Industries surged 3.8 per cent last week, decisively breaching its significant resistance level of Rs 1,050. It is trading well above its 50 and 200-day moving averages. Since its September trough of Rs 885, the stock has been on ...
Query Corner: Asian Paints in a long-term uptrend
Could you please tell me the outlook for Rolta purchased at Rs ...
Could you please tell me the outlook for Rolta purchased at Rs ...
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