IRB INFRA RESULTS: IRB Infrastructure Developers Fourth Quarter net profit down 5.64%
IRB Infrastructure Developers has announced its Q4 results for the quarter and year ended March 31, 2010:
Archive for April, 2010
Sintex Industries Results: Sintex Industries Quarter four (Q4) Profit after Tax (PAT) up 20.7%
Sintex Industries declares its Q4FY10 results:
Update on The Ultimate Momentum Signal – 30th April, 2010
The Greek Tragedy – Act II Over…?
The Nifty Futures opened 10 points higher at 5233.30 and traded in a very narrow range of 32 points on the derivative settlement day on Thursday. The Current month futures closed at the top end of the range at 5254. The May futures were quoting at a discount of 8 to 10 points, indicating higher quantity of short positions being carried forward. The existing short positions ended up in marginal losses.
Nifty Futures – Daily Chart
The next resistance for the futures is at the lower end of the Wednesday’s gap at 5277. Above that, the low of Tuesday, that is 5300 may also act as a resistance being the top end of the gap. Other restance lines can be seen on the above chart.
World Markets
Expecting a fast agreement between the EU and IMF for a temporary solution to the Greek debt problem , the European markets closed in the green on Thursday. At the time of compiling this post ( 10.30 PM, IST ), the US markets were rallying on the news of higher corporate profitability and the fall in the jobless claim numbers. The S&P 500 index was trading above it’s 15 DMA and the CBOE VIX has fallen to the 18 to 18.5 range.
US S&P 500 Index & CBOE VIX Daily Chart
The Updated Momentum Signal Spreadsheet
The updated spreadsheet showing the Momentum Signal as on the close of 29th April 2010, is given below.
Indian Stock market outlook and review for 30th April, 2010
Nifty Outlook and Analysis for 30th April, 2010:
Post Market Review and Analysis for April 29th, 2010
On the day of expiry of April F&O contracts, Nifty stated off positive and consolidated in the first half but moved higher in the second half to close positive. For the last couple of days, Nifty has been trading in a very narrow range of 5200-5300 with support around its 40 daily moving average (DMA) at 5210.
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Nifty Tips for Tomorrow
Nifty closed the volatile session on a flat note today. Today it holds the narrow trading range of 5240 to 5260 throughout the session. Still it could hold its uptrend until it made close below the support range of 5200 to 5205.
Latest stock market news: Stocks in news today April 29, 2010
POWER : Govt looking to ban Chinese equipment in sector on concerns quality of equipment may be unable to handle indigenous high ash coal
Indian Stock Market Outlook, Review and Analysis for 29th April, 2010
Nifty Outlook and Analysis for April 29th, 2010:
US Federal Reserve Holds Interest rates near zero once again
Fed holds interest rates near zero; says it sees labor market, consumer spending and housing starting to improve.
Update on The Ultimate Momentum Signal – 29th April, 2010
The Greek Tragedy – Act II and a Sell Signal… !
Following the turbulence in the world markets due to the ongoing sovereign debt crisis, the Nifty Futures opened lower at 5252 with a gap and reached a low of 5247 at the opening itself on Wednesday. Thereafter, it traded upwards and reached a high of 5277. However, it encountered selling from around 1.00 PM and reached a low of 5198 and finally closed at 5224. The Momentum Signal has indicated a sell as on the closing of Wednesday’s trade.
Nifty Futures – Daily Chart
The present sell signal has come as a consequence of sudden news based fall and therefore, the market may try to recover. In case the markets goes in to a downtrend, the futures may get supports at the longer term daily moving averages ( DMAs ). The 50, 100 and 200 DMAs of the Futures are placed at 5156, 5113 and 4920 respectively.
Nifty Futures – Daily Moving Averages Chart
The most worrying factor about the S&P Nifty index is the weakness in the market heavyweight Reliance stock. Reliance lead the Wednesday’s fall in the index. It fell 4 % and closed below even it’s 200 DMA placed at 1037. ( See the chart below ).
Reliance Daily Chart & Moving Averages
The Updated Momentum Signal Spreadsheet
The updated spreadsheet showing the Momentum Signal as on the close of 28th April 2010, is given below.
Update on The Ultimate Momentum Signal – 28th April, 2010
The Futures Ends Lower In The Neutral Territory…!
The Greek Tragedy – Act II … ?
Satluj Jal Vidyut Nigam (SJVN) IPO view and Review
Satluj Jal Vidyut Nigam (SJVN) IPO Analysis and recommendation:
