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Quotes with Resistance & Support

Market Information

Market consolidation on the cards

Posted on: May 23rd 2009 in Market Outlook.

MUMBAI: The euphoria on Dalal Street following UPA’s victory at the general elections refuses to die down. Market watchers are of the view that the political developments at the Centre have been governing market moves and investors keenly await the formation of the new Cabinet, which is…

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Weekly Review for the Week May 25th – 29th 2009

Posted on: May 23rd 2009 in Market Outlook.

We said ‘Technically I would still maintain that the trend is still intact up and has not been compromised. Our technical targets of 12569-12858 still stand valid. We have a strong cycle day approaching on 18th & 19th May, which are known as typical Pressure days. These are simpl…

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See 40% upside in 2-3 months: Shankar Sharma

Posted on: May 19th 2009 in Market Outlook.

Even as the market greeted the UPA result with an upper circuit opening on Monday — something which has happened for the first time in history — Shankar Sharma, Vice Chairman and Joint MD, First Global said the win was an amazing verdict. “This win is the ultimate game changer for …

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Weekly Review for the Week May 18th – 22nd 2009

Posted on: May 16th 2009 in Market Outlook.

We said ‘Technically the trend is still intact up though it looks tired in a strong resistance zone. The market may see an up move and if that happens then it is likely to be more of a sluggish up move as the markets seems to be exhausted here’ ’ The market unfolded …

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Market Review for 7th May 2009

Posted on: May 6th 2009 in Market Outlook.

BSE Sensex: (11952) the market has broken the 12000 support but has not cracked and stayed put…this seems to be more like a consolidation after a 700 point single day rise…a further sideways consolidation is not ruled out and we must not forget that the market has a strong resistance …

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