TV 18

TV 18 is moving in a slanting channel from quite some time without touching the support trendline while it tried to touch resistive trendline thrice, that shows the power of buying in this stock off late the stock is making a flag pole kind of pattern ie pole made with good volumes and the flag being made on quite low volumes compared to pole this will be a bullish flag pole as its seen in an upmove so after the completion of this pattern we can see the price to touch around 720.
TRADE SPECIFICATION
LONG ABOVE:-655
SL:-644
FOR INVESTORS SL CAN BE 605
cheers
rish
PS:-CHECK THE MARKET TREND BEFORE GETTING INTO THE TRADE

INVASION OF STOCK HACKERS

Arriving home from a five-week trip to Belgium and India on Aug. 14, a jet-lagged Korukonda L. Murty picked up his mail – and got the shock of his life. Two monthly statements from online brokerage E*Trade Financial Corp. showed that securities worth $174,000 – the bulk of his and his wife's savings – had vanished. During July 13-26, stocks and mutual funds had been sold, and the proceeds wired out of his account in six transactions of nearly $30,000 apiece. Murty, a 64-year-old nuclear engineering professor at North Carolina State University, could only think it was a mistake. He hadn't sold any stock in months.
read more about it here......

BOMBAY DYEING

BOMBAY DYEING after having done with its recent spurt has calmed down a bit,Ironically chart looks like making a head and shoulder left shoulder done, head done ,right shoulder rise done,right shoulder fall happening now we hv three chances either it bounces from current level or bounces from redline else plops ones crosses redline.So to safe gaurd your long positions keep a stop loss on red line that is around 625-30 range.
cheers
rish

BANGALORE banking on hotel boom

Bangalore: It's been called the city of pubs, the Garden City and more recently, India's Silicon Valley. Now Bangalore is ready for another flattering title of the fast-emerging, up and coming hospitality hub.

In the next three years, the city will be ready to play a rich host to its ever-increasing number of tourists with 35 new hotels and 8,000 additional rooms.

The mammoth task would mean an investment of Rs 3,000 crore.

"I think the demand is there and provided that the demand outstrips supply, there will be that inequity between rooms for guests and corporates who are flying in," General Manager Leela Palace Hotel, Rudy Oretti says.

The ITC Group is building a 230-room luxury hotel and plans another one. The Taj Group and Bharat Hotels are finalising projects, and the Leela Palace and Resorts is adding 105 rooms to its property.

Global chains such as JW Marriott, Hilton and Radisson are also said to be eyeing Bangalore.

Most of the new hotels are expected to be ready by 2008 which is when the new international airport will also start functioning.

A report by global property consultant DTZ says that in three years, the luxury segment will grow by 3,500 rooms with investment of Rs 1,500 crore.

The up-market segment will get 2,400 more rooms and the mid-market segment will have 1,800 additional rooms. The budget and economy segment will grow by 500 rooms.

Even with the new projects experts anticipate a shortfall of a few thousnd rooms, Bangalore’s appetite for more and luxurious does not look like it’s easy to satiate.

courtesy:-CNN IBN