Query Corner: ICICI Bank nearing resistance zone
I have purchased IFCI and GVK at Rs 40 and Rs 15 respectively. Should I book loss and exit?
Ranjan
IFCI (Rs 30.1): The trends along all time-frames — long, medium and shor... »
Lifting ban on futures could drive guar gum prices up
With the Forward Markets Commission lifting its ban on futures trading in guar gum, prices of the agri-commodity look set to once again rise. But guar gum may not achieve the distinction o... »
Stock Strategy: Consider long strangle in Reliance Industries
Reliance Industries (Rs 834.4): The stock of Reliance Industries has been moving in the Rs 700-1,000 range for quite sometime. In the recent Nifty rally, Reliance was among the laggards. If... »
Long-term outlook positive for gold
Recent decline in gold prices were caused by a confluence of factors. Jewellery demand slackened with incessant rise in gold prices. India’s gold imports for 2012 fell by 4.6 per cent from... »
Query Corner: Ambuja Cements attempting to rebound
Please advise on the short- and long-term outlook for Central Bank of India and Ambuja Cements.
T. Jayakumar
Central Bank of India (Rs 72.3): This stock is poised close to... »
Consider buying Nifty Dec put option
F&O pointers: Open interest in Nifty Futures dropped along with fall in price on Friday. This indicates that traders are nervous and do not want to carry over their positions.... »
Query corner: Long-term trend positive in Titan Ind
Can you please advise the medium-term prospects of Titan Industries and Gruh Finance?
Shekhar Titan Industries (Rs 264.2): Titan Industries is in a dazzling up-move since... »
Cotton testing key support
In this week's dissector we take a closer look at the cotton No 2 futures traded on the Intercontinental Exchange (ICE). It is the benchmark for the global cotton trading community. It fell 1.5 pe... »
Tata Global poised at key support
I have Tata Global Beverages purchased at Rs 150 and Jain Irrigation purchased at Rs 60. Please advise whether to hold or exit these shares. Pankaj Kumar Tata Global Beverag... »
ITC in a stellar uptrend
Please let me know the view on ITC.
Sivakumar T
ITC (Rs 293.1): ITC appears to be existing on a different planet, if the chart of this stock is compared to rest of the tra... »
Turmeric may drop despite dip in output
Driven by healthy fundamentals, turmeric prices have been trading in bullish trajectory since mid-2012. They have gone up nearly 90 per cent. The period saw the golden spice making a stupe... »
Global pepper may slip in medium-term
Global black pepper prices are expected to witness a marginal increase in 2013 on account of a decline in production from last year’s levels. But in India, prices are under downward pressure, a... »
Cairn India drawing near long-term base
I bought shares of Berger Paints at Rs 195 and M&M Financial at Rs 197. Please advise me on the prospects of these stocks. Arjun Agarwal Berger Paints India (Rs 195.5):... »
Consider selling Hero MotoCorp futures
Aluminium prices under stress on excess supply
Escorts in a severe long-term downtrend
Cotton could bloom on Chinese demand
Since the start of this year, cotton prices have recovered their earlier losses on demand from the top consumer, China, and hopes of a drop in acreage in the world’s third-largest producer... »
Wheat prices face downtrend pressure
India’s recent invitation of bids for export of 5 million tonnes (mt) of wheat met with a poor response because the shipments were effectively priced out of the global market. State-run Fo... »
Query Corner: Dr Reddy's Lab hovering near new high
Can I buy Eros International at current levels? I want to hold it for a year. Also, please advise on the medium- to long-term trend of SKS Microfinance bought at 145.
Sathya
E... »
Play long strangle in Bank Nifty
Bank Nifty (12,533.1): Bank Nifty is ruling at crucial level. It has immediate support at 12,130 and resistance at 12,755. If it sustains the current level, it has the potential to breach i... »
Consider short straddle in Punj Lloyd
Punj Lloyd (Rs 51.7): The long-term outlook remains negative for the stock, as long as it stays below Rs 135. The stock finds support at Rs 46 and resistance at Rs 64. In the immediate-term... »
Silver may find support at Rs 41,000/kg
Prices of silver are undergoing a correction worldwide. The precious metal has lost 18.5 per cent in just one month and is currently trading at $23.1 per cent ounce in global markets. »
Consider shorting Idea Cellular futures
Idea Cellular (Rs 110.65): Though the long-term outlook for Idea Cellular remains positive as long as it stays above Rs 74.5, the stock might come under pressure to touch its crucia... »
Consider short straddle on Infosys
Infosys (Rs 2,863.8): While the long-term outlook for Infosys remains positive, in the short-term it could come under some pressure. It finds immediate support at Rs 2,645 and resistance at... »
MCX reversing from support
I hold shares of Pidilite Industries bought at Rs 145. Should I book profit or hold at current levels?
Praveen Jain
Pidilite Industries (Rs 259.9): After registerin... »
Copper faces supply glut
Copper prices have dropped sharply from $8300/tonne to $7500/tonne. This massive correction in the prices is mainly due to the supply glut in the market. Quite often copper is considered as a good... »
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