The Bombay Stock Exchange’s Sensex bounced back on Wednesday — the last trading day of the truncated week and for derivatives expiry — on the back of sharp gains in information technology and banking stocks. …
Continue reading...Market Review for 4th May 2009 : Prakash Gaba
BSE Sensex: (11403) the market has managed to close positive on the last day of the F&O series trapping the shorts…so far the market in the higher time frame looks to be in consolidation but in the lower time frame it is looking for direction and so I would view the market as UP as…
Continue reading...Weekly Review for the Week May 4th – 8th 2009
We said ‘Technically the trend is still intact up and the next technical target in the days to come still is 11695, we may see some hiccups as the market is in a stretched territory and also in an F&O expiry plus we also have a long weekend ahead of the election’ …
Continue reading...Nifty looks set to fall to 2950: Networth
MUMBAI: While experts remain divided on the nature of the current rally, Networth Stock Broking has come out with a report which suggests that the market is at the tipping point and is set to correct 10-15 per cent from current levels. …
Continue reading...Market Review for 28th April 2009
BSE Sensex: (11372) ‘the market has closed positive as expected but the pattern generated for the day seems to be an exhaustion pattern…so far it looks up but as a trader I would like to bail out at the first sign of weakness because we have an F&O expiry too… …
Continue reading...Theories do not always hold good on D-Street
NEW DELHI: Indian stock market may have corrected over 40% from its peak, but a number of stocks are still deriving valuations that are either expensive or crazy in some cases. As many as 158 companies are trading at a premium compared to the BSE benchmark index, Sensex where …
Continue reading...NSE TECHNICALS : Are markets back on track?
After a long break the stock markets seem to be bouncing back. The indices are climbing up. Over the last one-and-half months, the domestic equity markets have been in the grip of a strong rally. The Reserve Bank of India (RBI) further reduced the key rates to fuel growth. …
Continue reading...Market Review for 27th April 2009 | Prakash Gaba
BSE Sensex: (11239) like I said ‘the shorts must have bailed out and more will bail out in the days to come and market should head up in the days to come’ the market unfolded as expected and looks like the market should be …
Continue reading...Weekly Review for the Week April 27th – 29th April 2009
We said ‘Technically the trend is still intact up and the next technical target in the days to come is 11695 if the market continues its journey up, we may see some hiccups as the market is in a stretched territory, there is also a possibility that the market may react and if that happe…
Continue reading...Rally doesn’t indicate return of bulls: Shankar Sharma
Shankar Sharma of First Global continues to believe the markets are still seeing a bear rally as he sees no economic or fundamental factors to indicate the end of the bear phase. He added that poor trade data in India could drive equity markets lower. …
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