Satyam means the truth. And Satyam Computers has defied the very name that it stands for. The way the Board of Directors and the promoters have tried to siphon off funds under the pretext of providing capex for the other two group companies – Maytas Infra and Maytas Properties has left the foreign fund managers … Read more Satyam-Maytas deal fiasco
HI all Hope everybody had a very good weekend. Nifty Views have been updated in http://1.bp.blogspot.com/_iAG8XurigTA/SUNp-S9i7VI/AAAAAAAAALw/xfVTP00gqW8/s1600-h/Nifty+Weekly++View+15-19+Dec.bmp Stock Specific Reliance is near its supply zone of 1335-1356 be cautious on this level. SBIN near its resistance levels of 1220 Praj Industries Tgt 71 and 79 sl 58 JP Hydro Tgt 30 and 35 sl 26 ABG … Read more Weekly View
There is now one more “first” which Anil Ambani can add to his already overcrowded cap – his company Reliance Communication would most likely be the first company to announce buy back of its Foreign Currency Convertible Bonds (FCCBs), the first Indian company to do so after RBI relaxed the norms last Saturday. As per … Read more FCCB BUY BACK – MAKES PERFECT ECONOMIC SENSE
Reliance is positive above 1160-1180 Can see 1220-1300 Levels
The Government on Sunday announced a Rs 300,000 crore ($60 billion) package to boost the economy with specific measures for various sectors and contain the impact of the global financial crisis on India. The amount is to be spent over the remaining four months on a host of areas and stake holders such as exporters, … Read more Govt to pump in Rs 300,000 crore to boost economy
Nifty is on a precarious situation and can be bought at dips at weekly support and resistance.