BSE Sensex: (13913) we said ‘the market has closed positive and has thrown in a crucial support at 13611 and the market is said to be UP as long as 13611 holds’. Well the market has managed to stay put perhaps due to F&O rollover. Our analysis remains the same…the market is sai…

Read More..

MUMBAI: The euphoria on Dalal Street following UPA’s victory at the general elections refuses to die down. Market watchers are of the view that the political developments at the Centre have been governing market moves and investors keenly await the formation of the new Cabinet, which is…

Read More..

BSE Sensex: (13887) we said ‘there is a possibility of some more profit booking but a violent up move cannot be ruled out’ and the market unfolded as expected and closed positive and has thrown in a crucial support at 13611 and the market is said to be UP as long as 13611 holds. The …

Read More..

We said ‘Technically I would still maintain that the trend is still intact up and has not been compromised. Our technical targets of 12569-12858 still stand valid. We have a strong cycle day approaching on 18th & 19th May, which are known as typical Pressure days. These are simpl…

Read More..

Trading action shifted to small and mid-cap stocks. Hence, as expected, the Nifty closed below 4,300 levels at 4,270. It is difficult to predict the index movement from the current level as the overall trend is up. The Nifty June futures closed at 4,299, 30 points premium to the spot, whi…

Read More..

Markets would continue to remain under pressure as the whole elections is a bit overdone. Though the convincing win for the UPA has been greeted with cheers, the road to recovery will not be a smooth one. It was the second straight trading session of losses for the Sensex. Along with the…

Read More..

BSE Sensex: (13736) we said ‘I would still be cautious as profit booking is expected at these levels as market has given an unusual bonanza’ and the market unfolded as expected losing over 300 points…there is a possibility of some more profit booking but a violent up move cannot be …

Read More..

A clear mandate to the Congress in the 15th Lok Sabha elections saw the Sensex shooting up 17% in a single day, but the next question is will the benchmark index break another record set in 1991, when it soared by 35% in three months after the announcement of results. Incidentally, the C…

Read More..

BSE Sensex: (14061) we had few cycles converging and so we said that I would be cautious’ there were many stocks that did well but profit booking came in the Sensex heavy weights…I would still be cautious as profit booking is expected at these levels as market has given an unusual bon…

Read More..

BSE Sensex: (14302) yes we did get a 2 day breakout after a consolidation as expected and the market found some selling pressure too which is but natural after a sustained strong up move…the ideal thing to do after a sustained up move is to take money home…the market technically on cy…

Read More..