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

Nifty might find support at 4350-60

With the NSE Nifty index shutting shop below the 4500 levels, the index might find support at around 4350-4360 levels in the coming days. It was the third straight trading session of losses for the Indian markets on Monday. The slide was led by weak global cues coupled with heavy selling…

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Posted on: June 13th, 2009 and is filed under Market Outlook.

Weekly Review for the Week June 15th – 19th 2009

We said ‘Technically the trend is still intact up and there is still no sign of weakness witnessed on the charts as yet and the market seems to be looking up. The next logical technical target in the days to come is 16046 but as it climbs up the market is setting itself up for a reactio…

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Posted on: June 13th, 2009 and is filed under Market Outlook.

Market Review for 15th June 2009

BSE Sensex: (15238) the market has traded sideways with no sign of any direction…technically the trend is still intact Up but the market is also against a strong zone of resistance…looks like more of a sideways movement with profit booking coming in…analysis still the same… The s…

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Posted on: June 10th, 2009 and is filed under Market Outlook.

Nifty touches 52-week high; uptrend to continue

MUMBAI: Bulls extended their winning streak on Wednesday, taking the Indian equity benchmarks to 52-week highs. Traders defied cautious calls from experts that markets are over-heated and a correction is imminent. The rally was led by power, capital goods and banks while broader markets s…

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Posted on: June 10th, 2009 and is filed under Market Outlook.

Market Review for 11th June 2009

BSE Sensex: (15467) the market was UP as expected and so far it does give any sign of weakness but the market is close to a very resistance zone and so I have not be surprised if profit booking comes in…caution is the order of the day and crucial support to watch is 15400 The support f…

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Posted on: June 9th, 2009 and is filed under Market Outlook.

Market Review for 10th June 2009

BSE Sensex: (15127) we said ‘so far it looks down and we may see some support emerging around 14385 levels or around 13846 levels’ but the market bounced back from our higher support of 14551… thus indicating strength in the days to come… The support for the Sensex is 15000 and t…

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Posted on: June 9th, 2009 and is filed under Market Outlook.

Nifty intra-day support seen at 4370-4380

MUMBAI – Reliance Money expects the Nifty to take intra-day support at 4370-4380 levels. If these levels are breached then the index may slip further to 4340 levels. Indices witnessed extremely sharp sell-off on very first session of the week. Market breadth turned negative with FII &…

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Posted on: June 8th, 2009 and is filed under Market Outlook.

Market Review for 9th June 2009

BSE Sensex: (14666) we said ‘the market has closed positive as expected and it still looks up but reactions cannot be ruled out, so caution is the order of the day’ the market unfolded as expected…so far it looks down and we may see some support emerging around 14385 levels or aroun…

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

D-Street may inch towards consolidation: Analysts

MUMBAI: A wave of consolidation is likely to greet Dalal Street this week as the bellwether Sensex, which touched its 10-month-high level of BSE Cashing in on your money Know about stock arbitrage Better returns: Book capital losses Plan long term portfolio 15,103 points last week, …

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

Weekly Review for the Week June 8th – 12th 2009

We said ‘Technically the trend is still intact up and there is no sign of weakness witnessed on the charts as yet but as the market climbs higher it sets itself up for a reaction’ The market unfolded and remained positive during the week. Technically the trend is still intact up and…

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