10th Feb,2012,Friday
Nifty: 5730.85 (-41.50 points)
Sensex: 17748.69 (-82 points)
USD/INR: 49.60
Gold (MCX): 28242
Nifty
Support levels for Nifty Tommorow 5332 and 5293
Resistance levels for Nifty Tommorow: 5418 and 5466
Gainers in Nifty: Tata Steel (5.12%),Sail (3.95%) and Bajaj auto (2.25%)
Losers in Nifty: Hindalco (-4.34%), Rel Infra (-3.97%) and Ambuja Cement (-3.96%)
I still ask my friends to have patience as long as Nifty is above my crucial level of 5322 which I have been mentioning in all my articles.On the daily chart it appears that Nifty has made a formation of Bearish Harami.As per the weekly chart 5399 is a very crucial resistance for Nifty.Beware of this level.Surprisingly Tata Steel posted a smart recovery after posting an unexpected drop in Quarterly profits
As long as Sensex is above 17671,I am comfortable with Sensex.The Sensex has very very strong resistance at 18005.This was the 1st week after previous 5 weeks,that Sensex opened higher and ended lower.
Sensex
Support levels for Sensex Tommorow :17570 and 17419
Resistance levels for Sensex Tommorow :17881 and 18041
Regards
KD
Nifty: 5730.85 (-41.50 points)
Sensex: 17748.69 (-82 points)
USD/INR: 49.60
Gold (MCX): 28242
Nifty
Support levels for Nifty Tommorow 5332 and 5293
Resistance levels for Nifty Tommorow: 5418 and 5466
Gainers in Nifty: Tata Steel (5.12%),Sail (3.95%) and Bajaj auto (2.25%)
Losers in Nifty: Hindalco (-4.34%), Rel Infra (-3.97%) and Ambuja Cement (-3.96%)
I still ask my friends to have patience as long as Nifty is above my crucial level of 5322 which I have been mentioning in all my articles.On the daily chart it appears that Nifty has made a formation of Bearish Harami.As per the weekly chart 5399 is a very crucial resistance for Nifty.Beware of this level.Surprisingly Tata Steel posted a smart recovery after posting an unexpected drop in Quarterly profits
As long as Sensex is above 17671,I am comfortable with Sensex.The Sensex has very very strong resistance at 18005.This was the 1st week after previous 5 weeks,that Sensex opened higher and ended lower.
Sensex
Support levels for Sensex Tommorow :17570 and 17419
Resistance levels for Sensex Tommorow :17881 and 18041
Regards
KD
India's largest commodity bourse MCX is likely to launch its up to Rs 750 crore initial public offer (IPO) by month-end, becoming the first ever exchange in the country to get listed.
ReplyDeleteThe company is likely to file today the Red Hearing Prospectus (RHP), the final IPO document, with the Registrar of the Companies, after getting the final go ahead from the SEBI.
When asked whether IPO would hit the market by month-end, MCX Chairman Venkat Chary said, "Hopefully".
Chary further said that MCX IPO would be game changer in the stock market and would lift the sentiment from the current slump. "This IPO will lift all the boats."
He, however, refused to divulge details of the size of the public offer, although sources said that it could be between Rs 650-750 crore.
Promoters Financial Technologies India Ltd (FTIL) as also shareholders like State Bank of India (SBI) and the Corporation of Bank are together selling 12.6 per cent stake in the exchange.
The IPO could give the exchange the market value of around Rs 5,000 crore.
FTIL (Promotors of MCX) holds 31 per cent before IPO and will dilute to 26 per cent.
MCX, the largest commodity bourse in the country, has more than 70 per cent share in the total turnover of the commodity further market of Rs 144.31 crore in April-January 15 of the current fiscal.
Globally, it is the sixth largest commodity exchange with No 1 in silver and No 2 ranking in gold.
It would be the first exchange in India to go public and get India at par with other countries with listed exchanges such as the US, Hong Kong, the UK, Singapore, Japan and Australia