Quotes with Resistance & Support
Market Information

Stock mkt to drop this week before consolidating: experts

This article was posted on Sep 4, 2011 and is filed under Market News

The stock market is expected to drop before some consolidation this week as it looks towards global peers for cues and fresh triggers ahead of the Reserve Bank’s monetary policy review on September 16, analysts said.

“When the market opens for trade on Monday, it will see a downslide on the back of weak global cues. Also, this week is going to be a consolidation period as the market prepares itself for the upcoming RBI policy review on September 16,” Geojit BNP Paribas Financial Research Head Alex Mathews said.

Analysts also said that valuations were attractive for investors, although they remain concerned about high inflation and weak global markets.

Motilal Oswal Securities Associate VP, Parag Doctor said, “We expect the market rally to continue because most of the stocks in Banking, Auto, Tech, Real Estate are trading at attractive valuations. For more visit: Business Standard

Similar Posts:

Breakouts

+ve 30 DMA    50 DMA    150 DMA    200 DMA
-ve 30 DMA    50 DMA    150 DMA    200 DMA

Latest Query

Hi CB I brought McDowell @3100 and auro@794 based on expect suggestion few weeks back for target of 3500-3600...continue reading »
- by SasiKiran
Status: Awaiting reply

Market Stats

Search Our Archives

Latest Investment Idea