Neppolian Pillai of Modern Shares Stock Brokers is of the view that the next target for Reliance Industries is of Rs 875.
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Buy Gold Dec at around Rs 11900: Mansukh Securities
Mansukh Securities and Finance has recommended to buy Gold December at around Rs 11900 with stoploss below Rs 11850 for a target of Rs 12050.
Nifty has support at 2600/2585: Mansukh Securitie
According to Mansukh Securities and Finance\’s Technical Analysis report, main trend is down. Nifty has resistance near 2695/2772/2878/2930 and support near 2600/2585/2485.
Asian markets plunge; Seoul Composite down 5.7%
Asian markets were tarding lower. China\’s Shanghai Composite fell 1.20% or 24.27 points at 1,993.20. Hong Kong\’s Hang Seng plunged 5.22% or 68.92 points at 12,146.88. Japan\’s Nikkei tumbled 4.96% or 410.73 points at 7,862.49. South Korea\’s Seoul Composite shed 5.70% or 57.99 points at 958.83.
Buy Nifty on dips: Nirmal Bang
According to Nirmal Bang\’s Morning Call, for intraday traders, buying is advisable on dips with a stop loss of (25802520) and on the higher side 2695 will act as a strong resistance level.
Bleak global picture to trigger another cut in mkts
The Dow has closed below 8,000. The SP 500 is down below its October 27 low as well on a closing basis, Asia is selling off consequently. It is a very bleak global picture out here as we start trade and we will cut cut once again.
Stocks might bounce off from Nifty 2500: Khandwala
According to Khandwala Securities\’ Market Preview report, stocks might bounce off from Nifty 2500 after correcting 0.75 times of the gains over this period.
Rupee at all time low at Rs 50.53/USD
The rupee is trading at all time low of Rs 50.53 per dollar. It opened at Rs 50.40 per dollar versus Rs 50.03 yesterday.
Expect gap down opening: Anagram
According to Anagram Research\’s report, the research firm expects gap down opening.
CNBCTV18 poll sees inflation at 8.82%
A CNBCTV18 poll sees inflation for the week ended November 8 at 8.82% versus 8.98% WoW.
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