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BOOKED PROFIT IN BGR FUT@ 295 AND NIFTY FUT @ 4922...
* AUTOMOBILES: Honda Siel Cars India may roll out its first diesel car in India in the first half of 2013, against its earlier plan of launching diesel cars by 2014. Triumph Motorcycles India plans to set up manufacturing plant near Bengaluru at an investment of 2.15 bln rupees....
ENERGY: Despite political and public pressure, state-owned oil marketing companies have ruled out any immediate rollback of the steep hike in petrol prices. Oil marketing companies are likely to review the prices of petrol in June, and said a cut in prices is possible if international crude oil prices ease and the rupee remains stable. Coal Minister Sriprakash Jaiswal has said the government will get the Coal Regulatory Authority Bill passed in the monsoon session of the parliament, but COAL INDIA will continue to decide on price changes....
* INFORMATION TECHNOLOGY: A day after cutting its revenue guidance for 2012, Hewlett Packard Co has raised concerns over the business outlook in Europe and the US ...
MEDIA: Essel Group is close to buying out its joint venture partner Dainik Bhaskar Group`s 50% stake in Diligent Media Corp, which publishes English daily newspaper Daily News and Analysis....
* TELECOM: Union Cabinet has deferred its decision on the National Telecom Policy as inputs from various ministries are yet to be received. Telecom Commission has recommended at least 10 Mhz spectrum be made available for auction per circle, twice the bandwidth suggested by the Telecom Regulatory Authority of India ....
today nifty will go down by 125 point yesterday was short covering rally which is not supported today...
larson get strong support at this level it will move above 1325 very soon...
Most of the liquid stocks have formed a base in last 1 year and they are finding support around that whenever Nifty is testing 4700/4800. It is a good sign. Stock prices would not crash until Nifty goes below 4500. Chances are bright that our markets would outperform world markets in next few years once dust is settled in Europe....
BUY NIFTY FUT @ 4887, SL-4870, TGT-4950...
