Review Nifty has closed to second weekly lows (2678.55), since the October low weekly closing (2584). Nifty has lost all its retraced points from previous week low of 2702 and closing around 2828 levels and even closed lower than that – making lower low and lower high for past 3 week. …
Continue reading...Sensex ends flat; RIL may lift market on Friday
MUMBAI: Indian equity benchmarks ended flat on Thursday after stock specific movement backed by earnings. Markets were marred by lack of participation as traders expected disappointing quarterly results from oil&gas major Reliance Industries. However, RIL earnings beat market expecta…
Continue reading...Sensex has resistance at 8975/9065: Mansukh Securities
According to Mansukh Securities and Finance’s report, Sensex will find support at 8570/8480. On the other hand, it may test resistance, which are likely to come around 8975/9065. Mansukh Securities and Finance’s report: …
Continue reading...Market Review for 22nd January 2009: Prakash Gaba
BSE Sensex: (8779) the market has closed in the negative and has closed below a very crucial level of 8945 and shown the direction that it is down and I would like to consider the market as down unless it crosses 9075 on the upside with force… …
Continue reading...Expect stocks to fall today: Mohoni
Technical Analyst, Deepak Mohoni: European markets declined further last night, and the US markets tumbled to close at 6-8 week lows. Asian markets are also down this morning, and the global decline is continuing. We can therefore expect stocks to fall again today. …
Continue reading...Nifty likely to witness range of 2875-2700: Bhambwani
Technical Analyst, Vijay Bhambwani: Led by the banking and midcap stocks, the markets declined after a bullish session on Monday. As advocated yesterday, the overseas cues weighed heavily on the domestic sentiments. The benchmark indices fell over 2 % at close. The traded volumes were hi…
Continue reading...Expect a gap down opening: Gujral
echnical Analyst, Ashwani Gujral: Market will have a gap down opening today. Supports are at 2675- 2700 and resistance are at 2800-2860. Markets are in a no trade zone; traders should wait on the sidelines before taking a plunge and let the market break the range. source: Moneycontrol …
Continue reading...Market Review for 20th January 2009: Prakash Gaba
BSE Sensex: (9330) the market unfolded as expected and closed positive, so far the market looks ok and I only hope it closes above the 9400 mark and if that happens then we may see some up days in the days to come…analysis remains the same… …
Continue reading...Wkly Tech: Nifty may re-test 3,150
The markets moved on expected lines last week with the Nifty exhibiting weakness below the 2,835-mark. The index hit a low of 2,702, and finally closed with a loss of 45 points at 2,828, despite a good quarterly performance by IT giant Infosys and decent gains recorded by blue-chip Relian…
Continue reading...See 2720-2733 as crucial Nifty support: Rajat Bose
Rajat Bose of rajatkbose.com feels 2,720-2,733 would remain a crucial support area for Nifty. “One needs to watch out whether those supports hold or it goes to test the support level at 2,700 or even lower. However, there is a possibility that this range would hold.” …
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