BSE Sensex: (11683) technically the trend was Up and that up trend that we have witnessed so far now seems to have been compromised and looks like some reaction should set in and if I see any up moves then I would like to doubt that up move because some of the Sensex heavy weight stocks s…
Continue reading...Market Review for 11th May 2009 : Prakash Gaba
BSE Sensex: (11876) the market still seems to be in a consolidation but it is closer to the zone of resistance and hence the struggle…technically the trend so far is still intact UP but with hiccups… The support for the Sensex is 11500 and the resistance to the up move is at 12569-12…
Continue reading...Nifty – Technical view / outlook for next week
Week ahead is likely to be volatile as we near elections. Nifty has strong support at 3530. One can keep this level as a Trailing stoploss/Stoploss for one’s stocks held. Below this level we could see 3400. If Nifty manages to cross 3730, we will see an upmove upto 3850. Nifty achi…
Continue reading...Bulls may clear the test
All eyes would be on the results of stress test, regulators are slated to release the results of the stress tests, aimed at assessing banks` overall health. Indian markets staged a smart recovery on Thursday recovering almost all the previous day losses. …
Continue reading...Market Review for 8th May 2009 : Prakash Gaba
BSE Sensex: (12117) we said the market is in consolidation and the days trading confirmed that the market is in a consolidation and as assault a fresh up move has generated on technical front, which should take the market up to its next logical …
Continue reading...F&O Outlook: Nifty likely to face resistance at 3,800
As expected, the Nifty crossed the 3,700-mark and made an intraday high of 3,717 (May futures 3,729) and retested recent supports. According to technical analyst Kamalesh Langote of vfmdirect.com, the market still holds the buy signal with …
Continue reading...Market Review for 7th May 2009
BSE Sensex: (11952) the market has broken the 12000 support but has not cracked and stayed put…this seems to be more like a consolidation after a 700 point single day rise…a further sideways consolidation is not ruled out and we must not forget that the market has a strong resistance …
Continue reading...Market Review for 6th May 2009
BSE Sensex: (12131) the market has given a fine breakout from a consolidation trapping the shorts that should propel the Sensex to higher levels and the next logical target of 12569-12857 levels in the days to come…analysis remains the same…crucial support to watch is 12000 …
Continue reading...Market Review for 5th May 2009
BSE Sensex: (12135) the market has given a fine breakout from a consolidation trapping the shorts that should propel the Sensex to higher levels and the next logical target of 12569-12857 levels in the days to come… …
Continue reading...Sensex regains 12,000-mark after seven months
The Sensex opened with a positive gap of 232 points at 11,635 on the back of strong global cues.Agressive buying in metal, IT and banking stocks helped the index cross the 12,000-mark after seven months and touched a days high of 12,162. …
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