At 12.30 hrs IST, the markets were trading at day’s low. The Nifty was trading below the 3000 mark. Except pharma all sectoral indices were trading negative. The BSE Bankex was worst hit; it was down over 6%. The sell-off in European and Asian markets was putting pressure on our markets…
Continue reading...Market Review for 30th March 2009
BSE Sensex: (10048) the market has closed above the magic 10000 mark and is now very close to our target of 10201…technically the trend is still intact up 1but I would still be cautious… …
Continue reading...Markets heading for smart recovery?
A week is a long period for stock markets these days. It can change the mood, index levels and even make investors look at equity all over again. That’s been the trend in the domestic stock markets in the last few days as they have been rallying smartly amid bear market conditions. …
Continue reading...Weekly Tech Analysis: Next few trading days are extremely crucial
In a surprise rally last week, the markets posted significant gains on the back of continued fund buying, positive global cues and heavy short-covering. The Sensex surged past the 10,000-mark after a gap of nearly three months to end at 10,048 – up over 12 per cent (1,082 points) for th…
Continue reading...Market Review for 27th March 2009
BSE Sensex: (10003) we were expecting a sharp up move despite the indicators being in overbought territory and the market obliged. The market has crossed the magic 10000 milestone and has also managed to close above it. Technically the trend is still intact up but strong resistance exists…
Continue reading...Market Review for 26th March 2009
BSE Sensex: (9668) we were expecting a limited up move and the market obliged, so far the trend is still intact up and though the market is in the vicinity of a resistance zone and the indicators are in overbought territory but the structure of the indicators is suggestive of a possible s…
Continue reading...Market Review for 25th March 2009
BSE Sensex: (9471) we said ‘we need to be cautious about market opening with a bull gap and profit booking coming in’ and that’s what happened. The market could not sustain a gap up open and profit booking came in… …
Continue reading...Nifty ends near 3000: Beginning of rally or end of it?
The benchmark indices ended marginally weak after giving up all the gains in the last half an hour of the trade. Both the indices started on a strong note following positive Asian markets and rally in US markets. The Sensex closed at 9,402, down 21 points and the Nifty ended at 2,938 down…
Continue reading...Market review for 24th March 2009
Market is expected to have a Gap up opening tomorrow. Dow Jones is up more than 300 points and Nasdaq too is up more than 60 Points, Indian markets have been following global ques for quite some time and a positive reaction is excepted tomorrow. …
Continue reading...Stocks to open higher on positive global cues
MUMBAI: Stocks are likely to remain rangebound on Monday in the run-up to the March series F&O expiry later this week. Given that Asian markets are trading with strength, the Indian bourses should start trade on a positive note. …
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