BSE Sensex: (9047) the market surprised with a gap down opening and yet has managed to hold on to the psychological support of 9000 and gives a feeling that we might see 9000 holding out… The target for the Sensex is 8945 and the resistance to the up move is at 9300-9557-9731 …
Continue reading...Prakash Gaba: Market Review for 15th January 2009
BSE Sensex: (9370) the market unfolded as expected and we saw the 9000 mark holding and it was the short covering that drove the market up…looks like we might see some more upside in the days to come The target for the Sensex is 9250 and the resistance to the up move is at 9557-9731 …
Continue reading...Prakash Gaba: Market Review for 13th January 2009
BSE Sensex: (9110) the market unfolded as expected and has closed on its supports but still does not display any signs of strength as yet and I would consider the market as down unless it closes above the 9750 mark The support for the Sensex is 8947-8845 and the resistance to the up move…
Continue reading...FII flows will be positive in 2009: India Infoline
Adopting a contrarian view, Mumbai-based stock broking house India Infoline expects domestic equities market to generate a return of over 30% in 2009. The prediction stems from three broad views – India is relatively better positioned for stronger and faster economic growth than re…
Continue reading...Market Review for 6th January 2009: Prakash gaba
BSE Sensex: (10276) the market saw a breakout as expected and has closed positive and the target of 10324 is within reach and beyond that to around 10708. The support for the Sensex is 10190 and the resistance to the up move is at 10324-10708 …
Continue reading...Bull stop likely
After surging past the 3100 levels, markets would carry forward the momentum atleast in the morning trades on Tuesday. However, profit booking at higher levels cannot be ruled out. Markets extended gains for third straight trading session in the year as bulls were in complete control over…
Continue reading...Wkly Tech: Short-term trend positive, but no break-out yet
The short-term market trend turned positive last week after a gap of a little over three months. The Nifty short-term (20 days) moving average closed above the mid-term (50 days) moving average on December 31, 2008, indicating a change in short-term trend to positive. The trend had been n…
Continue reading...Trade with strict stop loss; profitable to remain long
For the week ended January 2, 2009, Nifty Futures closed nearly 6.49 % higher. In the process, it gave a technical bullish signal of having an upward Bar Reversal pattern. Generally, it gives a very good signal provided, there is follow up support. …
Continue reading...Mutual funds’ two-year gains wiped out
Mumbai: Net values of Indian equity funds fell more than half in 2008, giving up the entire gain made in the previous two calendar years, as the main stock index plunged 52.4 per cent to record its worst annual performance ever. “The fall was stunning and one of the major losses.. …
Continue reading...2009 to be better yr for mkts than 2008: Bejan Daruwalla
Renowned astrologer Bejan Daruwalla feels 2009 will be a better year than 2008. Speaking to CNBC-TV18, he said 2009 will bring progress for people harbouring political aspirations but lagging behind. …
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