Economic Snapshot:
The International Finance Corporation (IFC), a member of the World Bank Group, on Wednesday issued a Rs 1,000-crore (around $160 million) Global Indian Rupee Bond to strengthen the country’s capital markets. The bond is IFC’s first rupee offering. It is the first bond issued under IFC’s $1-billion offshore rupee bond programme. An internal committee of the Department of Telecom has given three options for pricing CDMA spectrum if the Government decides to auction it. The reserve price, ranging between Rs 2,231 crore and Rs 3,544 crore for 1.25 MHz pan-India spectrum in the 800 MHz band, will be presented to the Empowered Group of Ministers scheduled to meet on Friday. Two of the three price options are lower than the base price proposed for 900 MHz band — a frequency band used by rival GSM players.
Nifty For Today
We should trade market up as long as 6180 holds. The market breached the crucial 6180 level and closed in the red, from here we should not be surprised to see even a level of 6000. For today strong resistance is 6200. We expect Nifty to trade between 6000-6180. 6000-6100 spot could act as a support zone.
Stock Intraday Tips For Today on 21st November:
टेक महिंद्रा : खरीदें - 1687, लक्ष्य - 1725 और स्टॉपलॉस - 1670
यूनाइटेड स्पिरिट्स : खरीदें - 2470, लक्ष्य - 2575 और स्टॉपलॉस - 2450
डिश टीवी : खरीदें - 52.75, लक्ष्य - 56 और स्टॉपलॉस - 52
आईवीआरसीएल : खरीदें - 14, लक्ष्य - 16 और स्टॉपलॉस - 13.5
टाटा मोटर्स : बेचें - 386, लक्ष्य - 370 और स्टॉपलॉस - 393
ओबीसी : बेचें - 185.25, लक्ष्य - 178 और स्टॉपलॉस - 188
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