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Posted on: February 21st, 2009 and is filed under Market Outlook.

Market Review for 24th February 2009

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 …

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Posted on: February 21st, 2009 and is filed under Market Outlook.

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…

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Posted on: February 21st, 2009 and is filed under Market Outlook.

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…

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Posted on: February 19th, 2009 and is filed under Market Outlook.

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. …

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Posted on: February 19th, 2009 and is filed under Market Outlook.

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. …

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Posted on: February 19th, 2009 and is filed under Market Outlook.

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 …

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Posted on: February 18th, 2009 and is filed under Market Outlook.

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. …

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Posted on: February 18th, 2009 and is filed under Market Outlook.

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. …

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Posted on: February 17th, 2009 and is filed under Market Outlook.

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… …

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Posted on: February 16th, 2009 and is filed under Market Outlook.

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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