The BSE benchmark Sensex is set to gain another 12 per cent by the end of 2009, taking its rise for the year to 60 per cent, as an economic revival boosts corporate earnings and attracts liquidity, a Reuters poll shows. The results from the latest survey of 16 analysts taken after the go…
Intraday calls for 07-06-09
Posted on: July 7th 2009 in Intraday Tips, Daytrading, Intraday tips for free NSE BSE Breakouts Daily intraday tips calls.
Nifty has strong support at 4080-4150 level and is likely to see some bounce from current levels. Buy Punj Lloyd at 199, target: 206. Stoploss: 196 Buy Reliance Industries at 1894, target: 1920. Stoploss: 1886. If markets show weakness later during the day, short: Orchid Chemicals. …
Resistance likely above 4,700
Posted on: July 5th 2009 in Market Outlook.
The market discounted weak global cues and surged ahead of the Union Budget on Monday. Index heavyweights Reliance Industries, ICICI Bank, HDFC and Larsen & Toubro led the 1.75 per cent gains in BSE Sensex & SP CNX Nifty. The Nifty cleared the resistance level of 4,350 to close …
No global scare…Nifty ends above 4,400
Posted on: July 3rd 2009 in Market News.
Sensex surged 257 points at 14,915 while, Nifty surged 75 points or 1.8% to shut shop at 4,424. The BSE Sensex surged 257 points at 14,915 after touching a high of 14,946 and a low of 14,499. The index had opened at 14,553 against the previous close of 14,658. The NSE Nifty surged 75 po…
Weekly Review for the Week June 1st – 5th 2009
Posted on: May 31st 2009 in Market Outlook.
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 …
Sensex has support at 13610-13480: ICICIdirect.com
Posted on: May 26th 2009 in Market Outlook.
According to ICICIdirect.com’s report, the Sensex has supports at 13610 and 13480 and resistances at 14030 and 14290. ICICIdirect.com’s report: We expect the Indian market to open flat and trade volatile. Until the new government presents its Budget, expectations will build …
Market Review for 21st May 2009
Posted on: May 20th 2009 in Market Outlook.
BSE Sensex: (14061) we had few cycles converging and so we said that I would be cautious’ there were many stocks that did well but profit booking came in the Sensex heavy weights…I would still be cautious as profit booking is expected at these levels as market has given an unusual bon…
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 …
Sensex may correct up to 11910-11840: Angel
Posted on: May 6th 2009 in Brokerage Recommendations.
According to Angel Broking’s Technical Analysis report, if the indices trade below 11985 / 3618 levels then it may correct further to 11910 – 11840 / 3580 – 3550 levels. Angel Broking’s Technical Analysis report: Markets opened on a flat note …
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