Fitch Ratings has revised India’s outlook to negative from stable. this news came in at a time when the market was grappling with Reserve Bank of India’s unexpected stance of not going with the popular expectation of a rate cut. Fitch says the revision in its outlook is refle…

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Below are few stock charts helping understand current trend of these stocks. Click on charts to enlarge Nifty: Nifty did manage to bounce back from strong support levels of 4700 (triple bottom). Current bounce could come to an end near 5000 levels (50% retracement level on Fibonacci). I…

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Below are few stock charts helping understand current trend of these stocks. Click on charts to enlarge Reliance Industries As seen in Reliance Industries chart above, its finding strong support at 750-760 levels. if breaks this level, it can head lower to 690-700 levels. on the upside,…

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Havells had corrected from 415 to 295 levels from Nov’2010 to Feb’2010. It tried to cross resistance at 415 levels couple of times but was unable to do so in the past. This time around it managed to close above strong resistance of 420 and is holding onto it. Technically it ca…

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Nifty after struggling for almost 10 days, finally manged to cross 5400, and gave a close at its 22-month high ending at 5442, Sensex closed at 18,113, up 135 points. It was also the highest closing for the 50-share index since February 2008 Indian stock indices ended near the day&#8217…

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Economies worldwide have been failing to recover, after the Greece and Europe debt issues, now comes the lowest employment by private companies in U.S, it fell for the first time this year as thousands of temporary census jobs ended. Private hiring rose 83,000 after increasing only 33,00…

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Markets worldwide are likely to see some more downside in the coming weeks. Euro sank to four-year lows on Monday as stocks and commodities fell after disappointing US jobs data and angst about euro zone debt problems fed fears the world economy may falter in its recovery. Sharp drops in…

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Today Nifty manged to gain 20 points and ended at 5086, on the other hand Sensex gained 82 points and finally closed at 16, 845. Nifty opened up flat, but made some gains around noon. Today’s upswing was led by the PSU, Auto and the Pharma stocks. European indices were trading mixed a…

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Global Market worldwide were down by more than 2.5%, Sensex closed down 447 points at 16,022 while, Nifty was down 137 points and finally closed at 4,807, Markets seemed to loose its grip late afternoon, Nifty saw a drop of more than 150 points from its day’s high. Sensex closed be…

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Markets are likely to form a retracement trend. We might see some downside from current levels and then continue with the uptrend. Currently, markets look over-headted and some downside could be seen in the coming days. Nifty jumped from 4700 to 5300 levels in the last 30-40 trading ses…

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