Quotes with Resistance & Support
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Dow up 400 points – Stocks swing wildly after Fed statement

Posted on: Wednesday, August 10th 2011 and is filed under Market News.

NEW YORK (AP) — The Federal Reserve spoke — and financial markets swung wildly before rallying. The Dow rose nearly 200 points about an hour after the Fed’s statement was released. But stocks first sank after the Fed said that economic growth this year has been “c...

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Sensex recovers 600 points

Posted on: Tuesday, August 9th 2011 and is filed under Market News.

Markets rebounded smartly on the back of strong cues from European markets. The BSE Sensex recovered 660 points from the days low, thanks to recovery in realty and auto sectors. The index, however, is unchanged at 16,939. The Nifty is up 14 points at 5,131. Global markets recovered follo...

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Intraday calls for 09-08-11

Markets likely to open lower, next support at 4900 If markets show recovery later during the day, buy: Axis bank ...

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Dow down over 600 points – despite Obama speech trying to reassure investors.

Posted on: Tuesday, August 9th 2011 and is filed under Market News.

Stocks sank, extending the worst U.S. slump since the bear market in 2008, while Treasuries gained and gold reached a record after Standard & Poor’s cut the nation’s credit rating. The Dow Jones Industrial Average lost as much as 605 points, led by a 22 percent slide in Bank of A...

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Intraday calls for 08-08-11

Markets likely to see a gap down opening. support for nifty is at 5100. If markets show recovery later during the day, buy: Siemens. ...

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US blues make Indian markets see red

Posted on: Monday, August 8th 2011 and is filed under Market News.

Investors say stocks to drift further, but impact of rating downgrade may be short-term. The mood on Dalal Street has soured further after Standard & Poor’s cut the long-term US credit rating by one notch to AA-plus from top-tier AAA. But investors have not pressed the panic butto...

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U.S. Loses AAA Credit Rating as S&P Slams Debt, Politics

Posted on: Saturday, August 6th 2011 and is filed under Market News.

Standard & Poor’s downgraded the U.S.’s AAA credit rating for the first time, slamming the nation’s political process and criticizing lawmakers for failing to cut spending enough to reduce record budget deficits. S&P lowered the U.S. one level to AA+ while keeping the out...

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Biggest weekly fall of the year

Posted on: Friday, August 5th 2011 and is filed under Market News.

Markets saw its biggest weekly fall of 2011, down by 6.2% (as on 12:30pm). Nifty fell by more than 200 Points today, trading at 5120, breaking major support in Intraday. Nifty also touched its 52-week low today. Heavyweights Reliance Industries, ITC, ICICI Bank, Bharti Airtel and SBI were...

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Intraday calls for 05-08-11

Markets likely to open lower, strong support at 5180 Buy BPCL on dips – (book profit at 708) 12.25am – buy aditya birla nuvo at 938, target: 952. Stoploss: 924 (trade in small quantity) – SL Triggered ...

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Dow falls over 500 points – Strong Dollar, Weak Jobs Outlook Fuel Market Plunge

Posted on: Friday, August 5th 2011 and is filed under Press Releases.

“Enjoy it while it lasts” the old saying goes. And much the same can be said about the longevity of the current bounce in the beaten down U.S. dollar. Today’s undeserved jump has been fueled by not one, but two Central bank interventions in as many days, as both Tokyo an...

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