IPO Listing - Thangamayil Jewellery Ltd Gold price may rise to $1,124- $1,127 this week : 17/02/10----------- Thangamayil Jewellery Ltd IPO will list on Friday, February 19, 2010. Issue price of this IPO has been fixed at Rs 75/- per share. Thangamayil Jewellery IPO subscribed 1.12 times(2.2633 times in retail). IPO Listing Detail Listing Date: Friday, February 19, 2010 BSE Script Code: 533158 NSE Symbol: THANGAMAYL Listing In: 'B' Group of Securities ISIN: INE085J01014 Issue Price: Rs. 75.00 Per Equity Share Face Value: Rs. 10.00 Per Equity Share ----------- IPO Listing - Aqua Logistics Ltd ----------- Aqua Logistics Ltd IPO will list on Tuesday, February 23, 2010. Issue price of this IPO has been fixed at Rs 220/- per share. Aqua Logistics IPO subscribed 1.94 times(3.0002 times in retail). IPO Listing Detail Listing Date: Tuesday, February 23, 2010 BSE Script Code: 533159 NSE Symbol: AQUA Listing In: B Group ISIN: INE544K01018 Issue Price: Rs. 220.00 Per Equity Share Face Value: Rs. 10.00 Per Equity Share Market Beeps 17/02/10 -Ranbaxy Laboratories leads gainers in 'A' group -Jain Irrigation vaults as Govt may focus on farm sector in Budget -Empower Industries jumps 40% in four days on liberal bonus issue -IVRCL Infrastructures recovers as it denies reports of IT raids -FCS Software hardens after fixing record date for bonus issue -Metal shares in demand as copper rises on LME -Oil exploration stocks move in tandem with rising crude oil prices -Bonus plan keeps Castrol counter buzzing with activity -Profit booking pulls down MBL Infrastructures -New order powers recovery in Suzlon Energy -PVR drops after calling off deal to buy DLF group's theatre biz -Deccan Chronicle slips on concern it may exit IPL 3 -Airline stocks take off on reduction in ATF price -Ballarpur Industries gains on Malaysian bid -Bears rule Bharti Airtel counter after large overseas acquisition bid -Fund raising plan drives interest in Jyoti Structures -United Breweries gains on robust sales outlook -Tata Motors speeds up on strong global sales --- --- By Dan Norcini Bellwether copper had a huge day as it surged into a band of strong resistance near the 40 and 50 day moving averages before sellers showed up. A push through these levels that can be maintained for one full session should see copper having a shot at making a run back to near $3.40 again. That is hardly the substance that deflation is built of. Again, as always, we will be monitoring this market to gauge how sentiment is shaping up in the above-stated war. Gold responded accordingly as it knifed through resistance centered near the $1,105 region before gathering momentum which carried it just shy of horizontal resistance near $1,124- $1,127. It managed to poke its head through the downsloping trendline drawn off its all time high but just barely. Additional upside strength tomorrow will go a long way in buttressing the bullish technical case. The Dollar continues to be of concern, lob-sidedly loaded with as many stale long positions as it is, plus the fact that momentum oscillators are now showing serious bearish divergences. In my view, it is a technical train wreck just waiting to occur but so far the Dollar bulls have not yet been able to be dislodged from behind their parapets. That will take a smashing break through the 79 level to do so and is where the bears are hoping to push the greenback. So far they have not succeeded but the chart tells the ferocity of the battle to do so. Stay tuned on this one. While the HUI is stronger today, the mining shares continue to underperform bullion as the hedge funds employ their ratio spread trades once again. In order for the HUI to accelerate higher and attempt to catch back up to gold bullion, it will have to push through 427 and maintain those gains for a session or preferably two. One cannot underestimate the size of the spread trades that the hedge funds are employing among the miners. Keep in mind however that gold companies still make money by digging gold out of the ground and selling it, notwithstanding the tactics of the hedge funds. The higher the price of bullion and the more valuable the product that they produce becomes the more their revenues will increase. Even hedge funds cannot long ignore such simple facts. I do wish to point out that the 10 day moving average of the HUI has now decidedly turned up and is quite close to generating a bullish upside crossover of the 20 day. With short term technical indicators in a bullish posture, the tendency should be for dips to be bought. Initial chart support is last Thursday low near 388 – 390 with very strong support having been formed near the 365- 370 region. Strangely enough, bonds are higher today. Go figure – I suspect is has something to do with the Treasury International Capital Flows data. Even though that is dated, it confirms the suspicions of many of us that the supply problems associated with the gargantuan US fiscal deficits are first and foremost on the minds of bond traders, at least for today, and that safe haven associations or lack thereof, are taking a back seat to those concerns. Courtesy: www.jsmineset.com Website inauguration offer...! MASTER PACK with 90% accurate (NIFTY & STOCK OPTION,PURE NIFTY,EQUITY,BTST,STBT,JACKPOT,DELIVERY ) MONTHLY Rs:2000 (for 2 mobiles) QUARTERLY (3MONTHS) Rs:4250 (for 2 mobiles) HALF YEARLY (6MONTHS) Rs:7500 (for 2 mobiles) YEARLY (12MONTHS) Rs:12000 (for 2 mobiles) Click For Bank details After deposit please sms ur Name,Mob Mob:09495740510 or info@buzibiz.com We started new yahoo groups and free msgr service Please join with BUZIBIZ http://finance.groups.yahoo.com/group/purenifty/ New Yahoo msgr ID : buzibiz@ymail.com www.buzibiz.com |
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