[sharetrading] NIFTY

 

Nifty is on a verge of break down. One may short with SL 5342 Spot on closing basis, else 15 points above, if tomorrow the market does not break upwards..

Uk and other markets are trying to pull downwards, but OBAMA says we have more room on the upside………… as of now……..

Though calls on sugar appear, as a commodity has not given reversal signal. But one may start pecking in, every alternate day….. as on weekly charts a semi cup formation has taken place….. I guess in another week, the bottom will get more defined. So my call is buy when sharp falls are seen………. As of now no stock is anywhere near a small signal even….

27-04-2010

Shree Renuka Sugars Limited has informed the Exchange regarding the consolidated Results for the quarter ended on 31-MAR-2010 as follows: Net Sales of Rs. 178140 lacs for quarter ending on 31-MAR-2010 against Rs. 42900 lacs for the quarter ending on 31-MAR-2009. Net Profit / (Loss) of Rs. 22420 lacs for the quarter ending on 31-MAR-2010 against Rs. 3320 lacs for the quarter ending on 31-MAR-2009.

 

 

If one goes by abv results, I guess there should be good deal at the end of the tunnel………. For renuka, with this results value IV is 118. If one assumes BV as 15 for FV 1

Abe

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