Daily Market Strategy – Looking for some December delight

The secret of happiness in not in what one likes to do, but in what one has to do. – James M. Barrie   The state of happiness in the market took a backseat last week as the indices saw some weight shedding. ITC and HUL were among the gainers…

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Stocks in Focus.

Infosys Ltd: Four of the founders of InfosysBSE -1.55 % Ltd are seeking to raise about $1.1 billion by selling stakes in the IT outsourcing company, IFR reported on Monday.Mangalore Chemicals & Fertilizers Ltd: The Kolkata-based Zuari Group on Friday launched yet another bid to take control of Mangalore Chemicals…

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Sensex, Nifty extend losses for 2nd day

The market ended at the lowest point of the day on account of late selling in select index heavyweights. The market flip-flopped in trades today, after being in the green for the first half. The key benchmark indices languished in negative terrain for the rest of the day. The Sensex…

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Sell State Bank of India For Target Rs. 2310 – Angel Broking Pvt Ltd

State Bank of India

Justification: Similar to other PSU Banking counters, ‘SBI’ too remained under some selling pressure in the last we ek. In the proc ess, the stock prices sneaked below the strong support zone of the daily ’89 – EMA’ placed around ` 2445. This sell off was followed by a modest…

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Buy Coal India Ltd For Target Rs. 393 – Angel Broking Pvt Ltd

Justification: The stock is undergoing a ‘Time-wise’ as well as ‘Price-wise’ correction ever since it posted a new life time high of `423.70(High of June 11, 2014). The daily chart clearly displays that the stock stalled its position around the strong support zone of the daily ’89-EMA’ placed around `345.…

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