Monday, December 7, 2009



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Intraday calls for 08-12-09

Posted: 07 Dec 2009 07:42 PM PST

Markets likely to open flat. Intraday support for nifty is at 5050. If nifty holds onto 5050 after opening, Buy GTL Ltd at 364.15, target: 373. Stoploss: 360. Buy Gabriel India Ltd at 29.50, target: 31.40. Stoploss: 28.60 Trade in small quantity. View...

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Index may bounce back after consolidation

Posted: 07 Dec 2009 07:21 PM PST

The Nifty fell below 5,080 and closed at 5,066 on lack of buying support. The Nifty December futures continued to trade at a premium and shed 233,300 shares in open interest, indicating that bear operators are using the current sideways movement to cover short positions. Bloomberg data s...

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Obama eyes repaid gov’t bank loans for jobs help

Posted: 07 Dec 2009 07:20 PM PST

Obama eyes bank bailout funds to create jobs, help businesses get loans; speech on Tuesday WASHINGTON (AP) — Under heavy pressure to get Americans back to work, President Barack Obama on Monday suggested using a suddenly available pot of money left over from the government’s ...

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