BSE Sensex: (15104) 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 support for the Sensex is 15050-14800 and the resistance to the up move is at 15520 Nifty: (4587) the support for the Nifty is…
Continue reading...Market Review for 5th June 2009
BSE Sensex: (15009) we said ‘I would expect a big move either up or down but I would remain cautious’ the market gave a big move as expected and the move was ‘UP’…now the next technical targets could even go to 16046. The support for the Sensex is 14900 and the resistance to th…
Continue reading...Above 4586, Nifty could head towards 4650-4675:FinQuest Sec
According to FinQuest Securities’ report, above 4586, Nifty could head towards 4650-4675 levels for the day and towards 4800 incoming days where as a breach of low at 4450 would lead to a fall towards 4370 for the day and towards 4300/4200 in coming days. FinQuest Securities’…
Continue reading...Sensex can outperform its Asian peers: Morgan Stanley
MUMBAI: Indian firms may sell shares worth up to $30 billion annually over the next three years as the return of economic growth draws investors back to Asia’s third-largest economy, a senior official at Morgan Stanley said. That would match the record $31 billion raised by Indian …
Continue reading...Market Review for 4th June 2009
BSE Sensex: (14871) we said ‘as it climbs higher it sets itself UP for a reaction. I would be cautious…it never hurts’ the market unfolded as expected and the market has once again generated an indecisive pattern near zone of resistance…I would expect a big move either up or down …
Continue reading...Market outlook for 3rd June 2009
Dow-jones and Nasdaq are up 30 and 10 points. Market likely to remain flat today. The support for the Sensex(14874) is 14700 and the resistance to the up move is at 15150-15580 . Nifty: (4525) the support for the Nifty is at 4450-4480 and the resistance to the up move is at 4580-4789 …
Continue reading...Big investors in no hurry to quit stock rally
LONDON: Forget about “Go Away in May”. Forget about losing steam. Investors are showing very few signs that the global stock market rally is about to end. World stocks as measured by MSCI hit a low on March 9. At the time of writing they have risen as much as 45 percent since…
Continue reading...Market Review for 2nd June 2009
BSE Sensex: (14841) we said ‘technically the trend is still intact up and we may see an assault on the recent high’ the market came very close to the recent high on the Sensex but it certainly did make a new high on the Nifty front…technically the trend is still intact up but as it …
Continue reading...Weekly Review for the Week June 1st – 5th 2009
We said ‘The trading pattern for the week though positive has thrown a crucial support at 13611 and I would maintain the trend as still intact up as long 13611 holds’ The market unfolded and remained positive during the week. Technically the trend is still intact up and there is no …
Continue reading...Market Review for 1st June 2009
BSE Sensex: (14635) we said ‘so far the trend is still intact up and I would watch the crucial support at 14080 and trade long’ and the market closed positive near its high…technically the trend is still intact up and we may see an assault on the recent high… The support for t…
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