Quotes with Resistance & Support
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Posted on: August 17th, 2009 and is filed under Market Outlook.

Look for a breakout above 4,625

The intermediate trend is weak despite the net gains last week The market registered net gains while moving inside a relatively narrow range. The Nifty was up 2.2 per cent, closing at 4,580.05 points while the Sensex gained 1.66 per cent at 1,541 points. The Junior was ahead by 2.6 per c…

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Posted on: August 7th, 2009 and is filed under Market Outlook.

Wall St hit by caution before July jobs data

NEW YORK (Reuters) – Stocks fell on Thursday as investors turned cautious before the government’s crucial July jobs report, and took profits after a recent rally. The Dow Jones industrial average (DJI:^DJI – News) slipped 24.71 points, or 0.27 percent, to end unofficial…

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Posted on: August 3rd, 2009 and is filed under Market Outlook.

Sensex may target 17,000 this month

A renewed buying interest at the start of the August series, coupled with short-covering owing to July futures & options expiry, boosted the markets towards the end of the week.Earlier in the week, the markets had exhibited a lacklustre movement. The Sensex, after moving in a narrow …

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Posted on: August 3rd, 2009 and is filed under Market Outlook.

Expect 600-point swings either way

The markets will either consolidate at current levels or rise till targets in the 4,900-5,000 level are hit. A very high volume settlement ended with an upwards breakout. The carryover pattern was excellent and FIIs are back in the thick of action. Index strategies Very high volumes wer…

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Posted on: July 30th, 2009 and is filed under Market Outlook.

Market undertone bullish: Anagram

AHMEDABAD: V K Sharma of Anagram Stock Broking said momentum is continuing in the markets… From the fundamentals as well as futures perspective, how do you view Tata steel and SAIL? Sharma: What we are seeing currently is purely liquidity chasing stocks.. I think we are going to s…

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Posted on: July 30th, 2009 and is filed under Market Outlook.

Current market rally raises optimism

MUMBAI – The recent market rally supported by quarterly earnings, liquidity and global cues is not yet considered as a bull-run but market men Stocks Volatility in the stock markets Measuring market volatility Ten hot money-spinners in India Long term plan for better returns S…

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Posted on: July 28th, 2009 and is filed under Market Outlook.

Will Nifty 4700 level be taken out?

MUMBAI: The Nifty is within 3% of its highest point of the rally which began on the 9th of March. The debate is still on as to whether we have begun a secular bullish trend once again and whether whatever we have seen over the past four and a half months is evidence enough to support that…

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Posted on: July 27th, 2009 and is filed under Market Outlook.

Will bulls take control?

BS: From its October 2008 lows when the BSE Sensex touched 7,697 points, the markets have done a complete about turn. In the six months to March 2009, the markets were unable to sustain itself over the five figure mark.While the rise in global markets was the starting point,the run up to …

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Posted on: July 20th, 2009 and is filed under Market Outlook.

Sensex @ 18,000 by March 2010: Sonthalia

MUMBAI: Manish Sonthalia, vice president, equity strategy, Motilal Oswal Securities , said the momentum is so strong that the markets will move significantly higher from the current level. Is there room for some more rally in the markets? Sonthalia: Yes…it looks like the momentum…

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

Bank profits not as impressive as they seem – Wall Street

Banks turn in hefty profits, but industry still has big problems NEW YORK (AP) — The big banks are making big money again, but they won’t be back to health as long as they have to deal with a recession and customers defaulting on mortgages and credit cards. The impressive n…

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