The Nifty level of 3,150, which witnessed strong resistance during March 2009, is likely to act as a strong support level now as options traders were seen writing strike puts at 3,100-3,200.

In actual fact, call options traders anticipate the Nifty to go up further in today’s trading session and close above 3,250 levels, as is clear from their buying 3,300-3,500 strike calls on hopes that the existing thrust is expected to continue in the coming time.

Going by a Department of Telecommunications (DoT) directive, as many as 250 lakh mobile subscribers, who use handsets that are without the valid IMEI - International Mobile Equipment Identity - number, face the likelihood of disconnection of services from April 15, the extended deadline after the earlier set December 31, 2008 cut-off date!

In accordance with the DoT instructions, GSM service providers - including Airtel and Vodafone - are all set to deny connectivity to mobile phones which do not have the essential IMEI number, which is 15-digit code appearing on the operator's network when a call is made.

In a press release on Sunday, the state-run Power equipment maker Bharat Heavy Electricals Ltd (BHEL) announced that the annual 2008-09 turnover figures of its boiler auxiliaries plant marked a record high of Rs. 2,000 crore!

The turnover for exports also showed an increase of 40 per cent, as compared to the year-before figures, yielding Rs. 28 crore for the year on the whole. In case of the value addition per employee also, the figures depict a year-on-year increase of 19 percent to Rs. 19.79 lakh.

Big B aka the Bollywood legend Amitabh Bachchan is all set to add another feather to his cap.

The big news doing the rounds is that Big B is going to launch his own news channel by the name India 24/7.

Confirming the development, a source close to the superstar said, “Apparently, Amitabh Bachchan is starting a news channel called India 24/7 and the preparations for starting it, is on in full swing. It is being planned in collaboration with a big corporate house. Of course, right now nobody wants to confirm anything and everything is hush-hush."

Karvy Stock Broking Limited has maintained ‘buy’ rating on Reliance Petroleum Ltd (RPL) stock with an intraday target of Rs 112.

According to Karvy, interested traders can purchase the stock between Rs 102-103 with a strict stop loss of Rs 98.50. If the stock market remains on positive track, the stock pricing becomes more attractive, and reach above Rs 114.
 
Shares of the company, on Thursday (April 02), closed at Rs 103.60 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 206.45 and a low of Rs 68.10 on BSE.

The chief controller of the leading defence contractor and aerospace manufacturer, the Defence Research and Development Organisation (DRDO) on Saturday announced that the inexpensive, cost effective, rapid typhoid test kit will be available on the market shortly. According to the distinguished Scientist & Chief Controller of the New Delhi based DRDO, A. Sivathanu Pillai, the cheap typhoid test kit will be released on the market, after it obtains requisite certification and clearances.