Shifted – New Address

Pragmatic Investments is shifted to new premises to:

C 702,
Sarvodaya Park,
Opposite Raheja Complex,
Kalyan 421301

Today’s Levels (11-11-2010)

(Last Close : Sensex 20876 : Nifty Spot 6276)
Today’s Levels
Trade short if Sensex fails to sustain above 20876 (Nifty 6276)
[Downside targets/supports at 20850(6269)/20763(6244) or lower]
Trade long if Sensex sustains above 20850 (Nifty 6269)
[Upside targets/resistances at 20876(6276)/20936(6288) or higher]

FOR THE DAY (11-11-2010)

FOR THE DAY: The indices are expected to open on a flat note in response to the positive global indices. Trade long if Nifty holds above 6280 levels, else from 6250 with stop loss placed at 6230 targeting 6330-6360 levels.

Today’s Levels (10-11-2010)

(Last Close : Sensex 20932 : Nifty Spot 6302)
Today’s Levels
Trade short if Sensex fails to sustain above 20956 (Nifty 6303)
[Downside targets/supports at 20900(6294)/20845(6267) or lower]
Trade long if Sensex sustains above 20900 (Nifty 6294)
[Upside targets/resistances at 20956(6302)/21020(6311) or higher]

FOR THE DAY (10-11-2010)

FOR THE DAY: The indices are expected to open on a positive note in response to the mixed global indices. Trade long in Nifty above 6300 levels, else from 6270 with stop loss placed at 6240 targeting 6335-6360 levels.

Today’s Levels (09-11-2010)

(Last Close : Sensex 20852 : Nifty Spot 6273)
Today’s Levels
Trade short if Sensex fails to sustain above 20891 (Nifty 6285)
[Downside targets/supports at 20822(6266)/20757(6240) or lower]
Trade long if Sensex sustains above 20822 (Nifty 6266)
[Upside targets/resistances at 20891(6285)/20950(6296) or higher]

FOR THE DAY (09-11-2010)

FOR THE DAY: The indices are expected to open on a flat note in response to the flattish global indices. Trade long in Nifty above 6280 levels, else from 6250 with stop loss placed at 6230 targeting 6300-6335 levels.

Power Grid Corporation of India Ltd – FPO opening from 9th November ’10

Power Grid has come up with its Follow on Public Offer. This offer is open for subscription between 9th and 12th of November 2010. The price band is decided at Rs. 85 and Rs.90.

Issue Open: 09/11/2010
Issue Close:12/11/2010
Issue Size (Shares):84, 17, 68, 246 shares
Issue Size (Rs.):7155.03 Crores to 7575.92 Crores
Price Band:Rs. 85 to Rs. 90
Face Value:Rs.10
Bid Size: 65

FOR THE WEEK (08-12, Nov 2010 )

FOR THE WEEK: The immediate resistance levels for the Sensex and Nifty are at 21206-21250-21300 and 6357-6380-6400, respectively, while the support level is at 21000-20850-20700 and 6300-6280-6250. Any move close to the resistance levels can be used to book partial profits and initiate fresh positional long positions only if the Sensex manages to sustain above its resistance levels with strict stop losses.

FOR THE DAY (08-11-2010)

FOR THE DAY: Domestic markets are likely to open on a positive note, taking cues from the positive US and strong Asian indices. Traders are advised to trade long in Nifty above 6320 levels, else from 6300 with a stop loss at 6280 levels, targeting higher levels of 6360 and 6380.