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Join Today (Free): Stock & Nifty Tips

Intraday Stock Newsletter: Buy ABB

Just Buy ABB at 942-944.5

The target of the days are 955-958 and 976-985

If crash 941 below and stay for 5min.so don’t wait exit from it!

Otherwise just start cont money it’s a big money munch..!

more details at exect time & exect level & daily stock views and newsletters to our subscribers only

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Economy News: JSW Steel Stock Info

TOKYO: India’s third largest steelmaker JSW Steel Ltd. is in talks with to take a stake in the Japanese firm in a bid to strengthen their ties, a report said on Monday.

Sajjan Jindal, vice chairman and managing director of JSW, told the Nikkei business daily that his company aims to hold an interest of less than five per cent in the JFE Holdings Inc. unit within one to two years.

The two companies have already begun talks on the planned capital investment, Jindal said, adding that JFE Steel said it was ready to accept JSW’s offer.

Talks are also covering technological assistance in such fields as steel sheets used in electrical equipment, Jindal said, adding that JSW may boost its production capacity by forming a joint venture with JFE.

steel

JFE Steel, the nation’s second-largest steelmaker, declined to confirm the report, saying in a statement: “Nothing has been decided on this issue.”

The firms formed an alliance in November 2009, with JFE spending around 90 billion yen (1.1 million dollars) to buy a stake of just under 15 per cent of JSW and agreeing to provide technology for auto steel sheets and steel mills.

Through the capital investment, JFE plans to boost ties with JSW and expand businesses in , where demand for crude steel is expanding rapidly.

JSW currently has a crude steel output capacity of 7.8 million tons a year, but plans to more than quadruple this to 32 million tons by 2020 through the expansion of current facilities and by building new mills in the states of West Bengal and Jharkhand.

The Indian steelmaker will spend four billion dollars to fire up the West Bengal mill by 2014 with annual production capacity of five million tonnes.

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ANALYSIS OF NIFTY INDEX

Nifty Analysis

What for Today?

Above 6030…will test 6057-6069 level
(Suppose to cross 6060 and stay for 10 min)

Suppose, if happens and trade above 6060 for 10 minutes then watch more rally…up to 6086–6100 level.

Support: 5993-5999

End of Trading or Monday will confirm that nifty will touch 5832

OR

6180-6220

More NSE Update Time by Time for Subscribers only due to market hrs…

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Buy NSE GODREJ Tips (Buy B/W 219-221)

Godrej

GODREJIND

Buying may see 219-221
After cross 226 & stay for 5-min above it, so Targets 232-238 soon
Suppose to break 219 below for 10min. Exit & Go Sell & Sell Target 215- and future 209

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