Spice Jet Q4 loss increased to 321.51 cr.

SpiceJet on Saturday 17th march 2013 reported a net loss of Rs. 321.51 cr for the quarter ended March 2014, due to depreciated rupee, economic slowdown and shorten demand.

SpiceJet had posted a net loss of Rs. 185.71 cr for the corresponding quarter a year ago, it said in a filing to the BSE. Total income from operations during the quarter under review increased 8.4 % to Rs. 1,589.61 cr from Rs. 1,466.74 cr a year ago.

FY 2013-14, SpiceJet's loss was at Rs. 1,003.24 crore, as against Rs. 191.07 cr last year. Total income rose 11.51 % to Rs. 6,356.11 cr from Rs. 5,699.78 cr.

"SpiceJet is well into the process of executing on a re-structuring and transformation plan to position it well as market conditions improve, and to take on the challenge of new entrants that are expected to enter the market," the carrier said.

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TATA Steel weekly update. Dated:19th May 2014 (Monday).

• TATA Steel gave good up move on the news day but price has come back to the neck line of the bullish pattern.
• Daily shows a big bearish engulfing pattern But this pattern needs to be followed up by more selling to confirm further bearishness. If the neck line holds another up move is possible

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US SILVER CHART showing weak signals in charts. Dated:19th May 2014 (Monday).

• US SILVER chart has formed descending triangle formation.
• Silver also trading below 50 days moving average, indicates weakness.
• As shown above silver is coming down from its  38.2% fibonacci retracement.
• Silver will now face support @ 18.80, if breaks down with volumes then can see further selling in market.

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Bullish breakout in OMAXE , Stock will favor bulls. Dated:19th May 2014 (Monday).

• OMAXE closed above its major trend line resistance @ 134, 136. As long as stock stays above its resistance looks bullish.
• Stock also moving up from 50 days moving average , will favor bulls.
• OMAXE will now face its next trend line resistance around 148 as shown above.
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