24 July 2008

24 JUL 2008: Morninger & Calls

By Prakash Tejwani   Posted at  6:08 PM   No comments

24 JUL 08, 07:00
DOW +29.88; Nasdaq +21.92
Crude $124.43/bbl
Asian Mtks trading positive

24 JUL 08, 10:38
Intraday Sell 67 RCOM @ 518.65; SL 522.80; Tgt 513.45

24 JUL 08, 13:40
Buy Nifty fut. 4420 SL 4400

24 JUL 08, 15:32
Today intraday RCOM target achieved. Nifty fut. SL triggered.

24 JUL 08, 15:46
Closing:
BSE 14777.01 -165.27 (-1.11%)
NSE 4433.55 -43.25 (-0.97%)
N.Fut Jul 4445.3 Prem 11.75

24 JUL 08, 17:01
Reliance Q1:
Net Profit up 13.2% at Rs 4110 cr vs Rs 3630 cr
Sales up 41% at Rs 41579 cr
(Disappointing results)

Reliance GRM's at $15.70/bbl vs. Chennai Petro's $15.99/bbl (Reliance refinery is better than Chennai Petro)

Reliance is hiding good profit numbers from fear of Windfall Tax

24 JUL 08, 18:08
Inflation for week-end July 12 is at 11.89% vs. 11.91%; Mkt estimate 11.99%

About the Author

Prakash Tejwani - An Advisor/Trainer by profession.
Founder - EquityOnSMS - www.equityonsms.com. I have been blogging for the last 10 years with detailed, crisp and accurate views on Indian Stock Markets as well as global indices and commodities.
An expert FO stock picker as well as finding resistances and supports points in the index and stocks. For more you can look into the archives.
Contact: Mobile & WhatsApp : +919276809789

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