On Friday Nifty closed 4997 ending almost flat. It made a Intrday high of 5,054 and a low of 4,983. Sensex closed 16,810 ending 21 points higher. Tough Sensex manged to cross 17,000 on Friday, it didn’t mange to sustain higher levels and saw some profit booking. It made a high of 17…
Quotes with Resistance & Support
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Nifty might find support at 4350-60
Posted on: June 16th 2009 in Market Outlook.
With the NSE Nifty index shutting shop below the 4500 levels, the index might find support at around 4350-4360 levels in the coming days. It was the third straight trading session of losses for the Indian markets on Monday. The slide was led by weak global cues coupled with heavy selling…
Weekly Review for the Week June 8th – 12th 2009
Posted on: June 7th 2009 in Market Outlook.
We said ‘Technically the trend is still intact up and there is no sign of weakness witnessed on the charts as yet but as the market climbs higher it sets itself up for a reaction’ The market unfolded and remained positive during the week. Technically the trend is still intact up and…
Unwinding of long calls at 3500; Nifty support 3400
Posted on: April 24th 2009 in Market Outlook.
MUMBAI: The formation of bull-put spread, which hinted at moderate bullish sentiments among investors, was clearly visible from the index movement Friday. …
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