BSE Sensex: (11285) the market has closed positive in a stretched zone but the market has given a fresh breakout in a stretched territory indicating brute strength and so we may see the market heading towards the next logical technical target of 11638 levels but we must also not forget a…
Continue reading...F&O Outlook: Nifty may touch 200DMA this week
The Nifty witnessed profit-booking above 3,400 levels, but closed with 40 points gains at 3,382 on buying in key index heavyweights such as Reliance Industries (RIL), ICICI Bank, State Bank of India (SBI) and Tata Steel. The Nifty is now expected to target 200DMA (daily moving average) of…
Continue reading...Heard on the street: Buyers flock to Parekh Aluminex counter
The share price of Parekh Aluminex has been gaining ground in the wake of informed buying by a group of investors. The stock, which closed at Rs 64 on BSE on Monday, has appreciated by almost 29% in a month and by over 12% in the past week. …
Continue reading...Nifty may face strong resistance above 3,400
Futures & options (F&O) traders On Thursday sold 3,300 strike put and 3,400 strike call options, indicating that they expected the Nifty to trade between 3,300 and 3,400 in the near future. A fresh writing of Nifty put or call options at certain strike prices suggests support or…
Continue reading...Weekly tech analysis – resistance seen around 11000
The Sensex ended higher yet again with a gain of nearly 4.5 per cent at 10,804 in a highly volatile week. In the process, the index has now soared nearly 30 per cent (2,478 points) in the last five trading weeks.Among the index stocks, Jaiprakash Associates was the top gainer with a gain …
Continue reading...Market Review for 13th April 2009
BSE Sensex: (10804) the market has closed positive as expected but the up move seems to be getting sluggish as the indicators are a bit stretched and getting more stretched as the markets gets higher and I would not be surprised if a reaction sets in as the market climbs higher in the day…
Continue reading...Weekly Review for the Week April 13th – 17th April 2009
We said ‘Technically the trend is still intact up and our target of 10708 stands valid and if the momentum continues then I would not be surprised if the market proceeds up towards the next technical target of 11295 in the days to come’. …
Continue reading...D-Street may see uptrend; Infy guidance key concern: Analysts
Dalal Street is likely to open on a positive note this week following improvement in global cues, while IT major Infosys’ guidance announcement for FY’10 may bring in some consolidation in the market, analysts say. …
Continue reading...Market Review for 9th April 2009
BSE Sensex: (10742) we were expecting a reaction and the market gave one but the reaction got absorbed too fast indicating brute strength and generating a fresh buy signal…we ought to be seeing some more up move in the days to come… …
Continue reading...Indian stock market may regain 21,000 levels: Report
NEW DELHI: The Indian stock market has been termed as a potential “baby bull” as the Sensex may continue to advance over next 15 years and is me high level of 21,000 during the period, a report says. …
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