MUMBAI: The formation of bull-put spread, which hinted at moderate bullish sentiments among investors, was clearly visible from the index movement Friday. …
Continue reading...Market on 24th April 2009 | Tomorrow’s market review
Volatility continues, and now it seems that we might see some consolidation at these levels. Dow Jones opened up in Green and now is heading southwards. There are chances that we might see a gapdown opening tomorrow and then close flat. …
Continue reading...Sensex likely to cross 1,00,000 by 2025: Technical Analysis
It may sound utopian in the backdrop of months-long downslide on bourses, but a US-based equity research group sees India’s benchmark index Sensex scaling a milestone of 1,00,000 points within next 15 years. …
Continue reading...Markets to consolidate and move higher to 3700
Markets have run up a lot recently. Markets may consolidate at this level and before moving higher to 3700 in short term. Nifty is likely to be in 3150-3400 range. Immediate support for Nifty is at 3320 and down at 3150. CB …
Continue reading...WEEKLY TECHNICAL ANALYSIS: Correction seen ahead
Another good week for the equity market, and the Sensex has now rallied over 32 per cent (2,697 points) at 11,023. The index began the week on a positive note, touched a low of 10,719, and a high of 11,367 amid high volatility. The index finally closed the week with a gain of two per cent…
Continue reading...Weekly Review for the Week April 20th – 25th April 2009
We said ‘Technically the trend is still intact up and our target of 11295 still stands valid with some hiccups on the way up as the upside momentum seems to have reduced and indictors are in stretched mode nevertheless the up trend is still intact up’ …
Continue reading...Market Review for 20th April 2009
BSE Sensex: (11023) we said ‘ we are in a stretched zone and it is a profit booking time…technically the trend is still intact up but that does not mean that profits cannot be booked…. it never hurts to take money home… …
Continue reading...Market may lose some more ground
The party for bulls was cut short on Thursday with bears returning with a vengeance. And, given the high degree of uncertainty about the outcome of the Lok Sabha polls, an unexpected verdict could further dampen the sentiments. …
Continue reading...Market Review for 17th April 2009
BSE Sensex: (10947) we said ‘ we are in a stretched zone and we must also not forget a sharp reaction if it comes’ and the market gave a reaction as expected and the market closing in the negative and generating in the process a typical reversal pattern which basically means a profit …
Continue reading...Worst seen over, but market at mid-term resistance
MUMBAI: The recent rally across the global markets has surprised many analysts and economists, as they were of the view that the worst was still to come. …
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