Indian stock market was down due to satyam scandal and now there may be more downside trend seen.
Buy only if market crosses 9800 unless just wait and watch.
BSE Sensex: (9587) The support for the Sensex is 9080 and the resistance to the up move is at 10040...
Yesterday:( Wednesday, January 07,2009) In morning Satyam share was quoting around 181 up by 5% but when news of Raju's resignation start flowing it tumbled by almost 85% than recovered and closed @40.25 down by 77%. A lot of selling as well as buying was seen in Satyam's shares. FII also booked profit for the day. Lot of FII transaction was also seen for the day.
Here we got some interesting data during the day....
Today (Thursday, January 08, 2009), market would remain close on the Holy day of Moharram.
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Satyam Computer Services Ltd’S Mr. B Ramalinga Raju has tendered his resignation as chairman of the company. Reacting to this news, Satyam's share went down by 62% to Rs. 65 each.
Rest all you can read in the attachment below (attachments contains the resignation letter of Mr. Raju to the company and SEBI)
Satyam Chairman Mr.Ramalinga Raju's Resignation letter
Our first target of 10330 mark for sensex has already achieved. Indian stock market will now move in unpredictable manner and thus one should book profit (sell their stocks) at every rise as this move is sustained by government stimulus package.
BSE Sensex: (10336)The support for the Sensex is 10100 and the resistance to the up move is at 10700
NSE Nifty: (3113) the support for the Nifty is at 3100 and the resistance to the up ...
BSE Sensex: (10276) our first target of 10300 is within reach and after that 10700.
The support for the Sensex is 10150 and the resistance to the up move is at 10350-10700.
NSE Nifty: (3121) the support for the Nifty is at 3080 and the resistance to the up move is ...
BSE Sensex: The support for the Sensex is 9890 and the resistance to the up move is at 10120-10324.
NSE Nifty: (3046) the support for the Nifty is at 2920 and the resistance to the up move is at 3080-3110.
Market has got a stimulus package from govt and its effect may be short lived as it ...
The epicenter for the global meltdown is the US, but the tremors were felt hardest in emerging market called as BRIC (Brazil, Russia, India and China) countries, during year 2008.
Only indices of Russia and China were worse than India sensex which lost 52% since 1 January 2008. This was the biggest fall for the Sensex in its existence of 22 years.
The indices lost percent are given a...
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 ...
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
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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. ...
The year 2008 will go down in history as the worst year in terms of the stock market performance. The Sensex has lost 54.05% from the close of the year 2007.
Out of the 22 years that the Sensex has been in existence, the worst annual performance before this has been a loss of 20.79% in the year 1995, it was neither 1993 nor 2001.
Infact 98% of ...
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 ...
Warren Buffett became one of the wealthiest persons in the world by making predictions and putting money behind those predictions. Every time he buys a stock or a business or some other investment, he forecast the future.
At Berkshire Hathaway, Buffett and his colleagues are very good at making predictions.
Of course, it helps when you can give your predictions plenty of time to come true. That's one reason Buffett's favorite holding ...
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....
Bettertrades founder Freddie Rick provides tips and strategies to help excel in the stock market.
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