Quotes with Resistance & Support
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Posted on: May 28th, 2009 and is filed under Market Outlook.

Market Review for 29th May 2009

BSE Sensex: (14296) we said ‘so far the trend is still intact up…volatility is not ruled out on the F&O expiry day’ the market has generated now an indecisive pattern on the last day of the F&O expiry but so far the trend is still intact up and I would watch the crucial su…

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Posted on: May 28th, 2009 and is filed under Market Outlook.

Nifty has resistance at 4370: Reliance Money

According to Reliance Money’s Morning Notes, as for today’s trade, we may observe lack lustrous action after hectic action in past four trading session. Support for the day exists far lower around levels of 4315-4320 range any move below this range may see indices slipping lower t…

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Posted on: May 28th, 2009 and is filed under Market Outlook.

The expiry trade today and what to trade tomorrow?

How do you see markets ending today. Nifty in my view is expected to close around 4330-4340 levels. After a strong wednesday we have again opened higher. The Volatility Index is trending lower for 2 consecutive days now Support for Nifty is at 4260 and resistance at 4350.. A close above …

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Posted on: May 28th, 2009 and is filed under Market Outlook.

Nifty likely to witness range of 4400-4170: Bhambwani

Technical Analyst, Vijay Bhambwani: The markets opened on a strong wicket and ended with strong gains as buying emerged on positive overseas cues. The higher traded volumes indicated improved participation as trader interest revived. The rally was led by the banking sector as shorts were…

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Posted on: May 27th, 2009 and is filed under Market Outlook.

Market Review for 28th May 2009

BSE Sensex: (14110) we said ‘13480 is a very crucial support and if that goes now then the next support is closer to 13000-12270’ the market never breached the crucial support of 13480 and moved up gaining strength…so far the trend is still intact up…volatility is not ruled out on…

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Posted on: May 27th, 2009 and is filed under Market Outlook.

Stock Markets (SENSEX) Could Go To 10000-12000 Levels Back – Marc Faber Opines

Marc Faber, Editor and Publisher of The Gloom, Boom & Doom Report, said he saw a correction of 25-30% in equities and that he expected the Sensex to retest 10000-12000 levels. Markets will correct as it becomes evident that the economic recovery is not as rapid as expected. The US F…

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Posted on: May 26th, 2009 and is filed under Market Outlook.

Sensex has support at 13610-13480: ICICIdirect.com

According to ICICIdirect.com’s report, the Sensex has supports at 13610 and 13480 and resistances at 14030 and 14290. ICICIdirect.com’s report: We expect the Indian market to open flat and trade volatile. Until the new government presents its Budget, expectations will build …

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Posted on: May 26th, 2009 and is filed under Market Outlook.

Market Review for 27th May 2009

BSE Sensex: (13589) we said ‘Our analysis remains the same…the market is said to be UP as long as 13611 holds…but volatility cannot be ruled out’ the market cracked the 13611 market and cracked but managing to stay above 13480…13480 is a very crucial support and if that goes now…

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Posted on: May 26th, 2009 and is filed under Market Outlook.

FIIs likely to book profit on stretched valuations

Fundamentals don’t justify such high valuations, feel analysts.After pushing up the Bombay Stock Exchange Sensitive Index, or Sensex, from 8,100 to 14,000 since March 9, foreign institutional investors (FIIs) could be looking to book some profits in the coming days. The reason: valuatio…

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Posted on: May 25th, 2009 and is filed under Market Outlook.

The Southward journey may continue

The outlook continues to remain a bit cautious for the coming days as Tuesday saw markets taking a breather. In addition, the global economic slowdown, sluggish local economy, ballooning fiscal deficit continue to remain as headwinds. Markets witnessed a sharp sell off on Tuesday ahead o…

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