January 2, 2009 AT 9:06 AM
Market showed a good uptrend on the occasion of New Year, and we can easily say this as “Happy New Year”. Inflation can down to 6.38% from 6.61%, again we can say this as “Happy New Year”. Now the real problem lies in psychological mark of 10000 for Sensex and 3076 for Nifty. Market should be able to breach these levels to move up. BSE Sensex: (9903) The support for the Sensex is 9890 and the resistance to the up move is at 10120-10324. NSE Nifty: (3035) the support for the Nifty is at 2920 and the resistance to the up move is at 3080-3110. Factors to be watch out: Global market and much awaited second stimulus package. Today’s Peak: RNRL, IndiaBulls real-estate and GVKPIL (GVK Power). What is new at EquityPandit.com EquityPandit.com introduces Message Board for its visitors, where you c
January 1, 2009 AT 9:16 AM
First of all, EquityPandit.com team wishes you all and your family a very Happy New Year and may this New Year load you up with wealth, prosperity, good health and happiness. In this coming new year, new are the hopes and aspiration, new is the resolution, new are the spirits and forever our warm wishes are for you and your family The Indian stock market has managed to stay above the crucial supports of 9495 and has stayed flat the entire trading session and thus bringing an end to a very bad year for the stock markets. Hope 2009 turns out to be a good trading year. Year 2009 would surely be a better year than 2008 for stock market and investments. But the first few months would be hard. Breaking level for nifty would be 2800, breaching this point would mean that one could again see October 2008 lows.
December 31, 2008 AT 9:13 AM
The Indian stock market unfolded as expected and it could be up or flat on the last day of the calendar year. Crucial support to watch is 9495. Markets are remaining volatile and is giving very fast buy and sell signals . But nobody knows when these signals, may turn into decisive signal for either side. So if trading has to be done every signal has to be taken care. Market would surely see down trend in the end of January 09 due to disclosure of poor corporate results, So this would be good time for profit booking i.e no deliveries or buying should be done at this time, rather it is the time to sell your stocks. Cautious day trading can be done today as market is expected to see some uptrend today and would end flat. Few good stocks for day trading are Cairn india, GMR infra, RCOM, SBI, JP As
December 30, 2008 AT 9:27 AM
Today: Indian stock market may see some uptrend but overall trend would be down. The Global market is showing some strength due to fall in dollar index. Indian stock market may start with uptrend but in the next half it would be flat or show some downtrend. No fresh investment should be done at this point of time. Profit booking can be done at this point by selling your stocks. As we suggested the stocks to trade in yesterday’s advice, you might have got a good profit in all those stocks in one day trading session. For today, Some good stocks to trade on are SBI, RANBAXY, RPL, UNION BANK, BHEL, JP ASSOCIATE.
December 29, 2008 AT 9:34 AM
The Indian stock market was weak as expected and has closed right on our support; so far the market looks down, as there is no sign of strength-displayed on the charts. BSE Sensex: (9329)The support for the Sensex is 8564 and the resistance to the up move is at 9690. NSE Nifty: (2857) the support for the Nifty is at 2654 and the resistance to the up move is at 2960. Cairn India, Union Bank, SBI, Petronet LNG, Noida Toll bridge can be a good buy for short term and Long term. Try to make buying position only in banking stocks at this point as these stocks are assumed to recover fast. Factors to be watch out : Second stimulus package, Global market.
December 26, 2008 AT 8:53 AM
The Indian stock market unfolded weak as expected and has closed in the negative; so far the market looks down, as there is no sign of strength-displayed on the charts and analysis. BSE Sensex: (9569) The support for the Sensex is 9531-9328 and the resistance to the up move is at 9690 NSE Nifty: (2917) the support for the Nifty is at 2876 and the resistance to the up move is at 2960. If market closes below 2876 levels for sensex, you may sell all your stocks, bought in last few days as market would again see downtrend and a better opportunity may come in couple of days to buy again your stocks at lower rates. Data to be watch out for: Inflation, Second stimulus package, as these data can make some differences. For any comments, queries and thoughts, kindly leave a comment below.
December 24, 2008 AT 9:05 AM
BSE Sensex: (9687) our crucial support if 9895 got breached and the market cracked closing in the negative, it still looks weak and we could witness volatility on the last day of the F&O expiry. The support for the Sensex is 9531-9328 and the resistance to the up move is at 10060-10324. NSE Nifty: (2969) the support for the Nifty is at 2876 and the resistance to the up move is at 3027. For any comments, queries and thoughts, kindly leave a comment below.
December 23, 2008 AT 9:40 AM
BSE Sensex: (9928) closed below the psychological 10000 mark and we could see some more profit booking (i.e. negative trends can be seen because of some profit booking) in the days ahead if the crucial support at 9895 is been breached. Our target on the Nifty of 3113 has been achieved. The support for the Sensex is 9895-9630 and the resistance to the up move is at 10060-10324. Nifty: (3039) the support for the Nifty is at 3000 and the resistance to the up move is at 3113-3145. For any comments, queries and thoughts, kindly leave a comment below.
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