BSE Sensex: (8843) the market broke the crucial level of 8977 and cracked …so far the market looks weak but the structure is sometimes suggestive of a violent pull back. The support for the Sensex is 8630 and the resistance to the up move is at 8977 …
Continue reading...Weekly Review for the Week February 24th – 27th 2009
We said ‘The weak ahead is a budget week and we have no idea what surprise is in store in the budget front but technically the market still looks up and has thrown in a very crucial support at 9445’ The market opened and cracked the crucial support of 9445 and weakened to close negati…
Continue reading...Market to sag next week; volatility likely ahead of F&O expiry
MUMBAI: Week after week, investors have been desperately looking for some positive trigger that could help lift market sentiment. However, with the Interim Budget turning out to be a non-event and the global market scenario turning from bad to worse, the outlook for the Indian stock mark…
Continue reading...Key levels: Sensex 8,900 & 9,135
The bears continue to hold the upper-hand on the markets, as the index drifts lower.The index is likely to test 8,725 in the coming days, while an upmove will be met with stiff resistance around 9,390-9,435. …
Continue reading...Resistance for Sensex at 9445: Gaba
Technical Analyst, Prakash Gaba: BSE Sensex (9015): The market bounced as expected but that was due to the technical nature of the market and is not likely to hold, as the market is more a sideways market then a trending one. …
Continue reading...Nifty likely to witness range of 2850-2680: Bhambwani
Technical Analyst, Vijay Bhambwani: The markets recorded another volatile session, though the downward momentum seemed to have slackened in pace as a technical bounce was seen due to short covering. The market internals continued to remain negative as BSE & NSE combined figures were …
Continue reading...Nifty seen in 2800-2950 range, put writing at 2800-2700
MUMBAI: Despite weak cues from the global markets, Indian stocks managed to trim most of their early losses in a choppy trade Wednesday. National Stock Exchange’s 50-share Nifty closed the day 0.20 per cent higher at 2776.15 while BSE Sensex slipped 0.22 per cent to close at 9015.18. …
Continue reading...Nifty has support at 2670-2700: Gujral
Technical Analyst, Ashwani Gujral: Market will have a gap down opening on account of weak global cues. Supports are at 2670-2700 and resistances are at 2800-2860. …
Continue reading...Market Review for 18th February 2009
BSE Sensex: (9035) the market cracked as expected and there is no sign strength so far…we might see some but I would doubt any up moves as that could be a fresh shorting opportunities… …
Continue reading...Market Review for 17th February 2009 : Prakash Gaba
BSE Sensex: (9305) the budget has had no positive effect on the market and the market has cracked closing in the negative closing right on our support. Some of the Sensex heavyweight stocks are showing bearish signs and so it would be wise to stay on the short side of the market. …
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