The Sensex soared above 16,000 on the back of strong global cues and hopes of an easing recession. The Nifty too ended at a fresh 15-month high at 4,783.The Bombay Stock Exchange benchmark index opened with a positive gap of 104 points at 15,793, mirroring gains in Asian markets. The ind…
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Sensex may fall to 13K levels:Ray Barros
Posted on: September 2nd 2009 in Market Outlook.
SINGAPORE: Ray Barros, CEO, Ray Barros Trading Group, says the Sensex could head back to the 12800-13200 levels. He said he expected the S&P to fall to the 905 levels by the month-end. Liquidity, he said, could drive Chinese markets higher and crude oil prices are expected to touch…
Look for a breakout above 4,625
Posted on: August 17th 2009 in Market Outlook.
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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