BSE Sensex: (10631) the market Still looks up as the support of global stock market and U.S. Election day.Today a good uptime would be seen but not for the longterm.Profit booking around 10760-11400 may take place So market may go down at these levels. The support for the Sensex is 10370 and the resistance to the up move is at 10763-11402.
Nifty: (3142) the support for the Nifty is at 3060 and the resistance to the up move is at 3239-3278.
Sell your stocks at these levels and wait to buy it again for short term profits as market is again assumed to go down. For long term wait and watch, buy between 8000-8700 levels.
Wait for our New EquityPandit.com to be launched ...
BSE Sensex: (10338) has managed to close positive and above the psychological 10000 mark. Still looks up. The support for the Sensex is 10110 and the resistance to the up move is at 10527-10763.
Nifty: (3044) the support for the Nifty is at 3000 and the resistance to the up move is at 3083-3115-3239.
Sell @ every up move and stay away. Market will again (surely) touch the bottom i.e. 8100. And as it breaks the bottom of 8100 it may create bottom @ 6500 level as it is the final support.
Hi,
Your favourite website equityPandit.com will remain close for next 7-10 days for technical upgradation. And after 10 days we will bring new EquityPandit.com with many new features. So kindly cooperate with us and wait for our launch of new EquityPandit.com by 8th of November 2008. For next week trading tips kindly review our last post - http://www.equitypandit.com
with regards,
Abhishek Parakh
EquityPandit.com
Market has seen some short covering in this F&O week, as we already posted in our last post. Now Market is going to see some down time in next week. The fear is that, if market breaks the support level of 8320 then market is assumed to see as low as 6500 in this year. And after 6500 there is no support level for market. That may create a big crises. I would suggest you all to wait and watch as market is going to see some more downtime. And if you are really investing for long term, start investing 10-10% of your amount at every downtime of 5-7% of market.
BSE Sensex: (8701) As we said there are tough times ahead and the market cracked, the market still does not display any signs of strength as yet but the Strong support at 8508 is still there and we are now into F&O expiry week, I guess this is action time due to short covering rally.
The support for the Sensex is 8508-8048 and the resistance to the up move is at 9400.
Nifty: (2584) the support for the Nifty is at 2517-2411 and the resistance to the up move is at 2954.
As we discussed earlier, the strong support level of 8320 in our analysis of the market. The market may see real crises of this support level ...
Many people mail me asking:
- Why market is going down ?
- What is this crisis all about ?
- Are these crises so big, that the whole world is suffering ?
- Where this all money has gone ?
- Who created these crises (Financial Meltdown) ?
Answer of all these question lies in one story. Which I had written in many forums and blogs and I was really appreciated for this. I know this is quite big story but Please Read whole story till end, It would just take your 5 minutes, All Your concepts would be clear after this story.
Story...
So guys, our assumption, calculation and analysis all are going exact. As our big researches and analysis already calculated that sensex has to go down to 8320 in our post Indian stock market, a copy of its own History I hope, you all had reacted as per our analysis. Now this is the time when I would suggest you all to start buying the shares. We assume that market would bounce to some extent in November. So, grab some good stocks for booking the profits.
Market descended sharply after RBI refuse to make further cuts in CRR or Repo Rate. As market was presuming further cuts by RBI side. Market would remain in negative throughout the day.But still be optimistic as this is good time to formulate a better portfolio.
As we have seen yesterday, market already reached our assumed level of support i.e. 9700 for Sensex and 2907 for Nifty. Now the next support level would be 9325 for Sensex and 2871 for Nifty. RIL’s good result can’t help much.
So market is rushing towards EquityPandit.com's assumed bottom target of 8310-8500, as we already had an analysis in our earlier post Indian stock Market, a copy of its own History.
Now if the market has to go up then it still requires one UP day and that should be enough, until then, there is tough times ahead.
As we assumed in morning, market was seen in negative index for the whole day. In afternoon, market bounced back by Financial Ministers announcement. But as we told in our post in afternoon, still market ended with negative index. Today market was seen crossing the support point of 10000 but still as we told that next support would be 9700, market was supported by this point. But as we told earlier, market would see new lows in cyclic fashion. At the end of the day:
Sensex: 9771.70 ( -398.20 Points down)
Nifty : 2943.15 ( -122.00 Points down )
Still guys we assume that market would see new lows in ...
Market bounced back from day’s low after the Finance Minister’s announcement on reversing short positions. He said SEBI has asked the FIIs to reverse short positions on borrowed shares. The Finance Minister added that short transactions are likely to be reversed over the next few days. Buying is seen in technology and capital goods stocks. However, the selling continues in metal, auto, selective oil, pharma and realty stocks. Still Market is seem to end with negative index.
Market is assumed to see downtime today. Market may start with negative indeces and would remain negative throughout the day. Today few second quaterly results of some big companies are also going to be produced, so market would react to those result also. But overall market would be down.
Time to start investing some of your money. Now start buying some of the stocks of companies with good fundamentals. And I would suggest to go for long term investments (atleast 1 year), so that you guys can make good profits.
As we assumed in the morning market was seen having downtime today. Market is assumed to see more down time in coming days. As we told bear didnot end. Metal index dipped 8% as profit booking was seen majorly in this sector today. Lot of selling was seen in the market. The global cues have played a key role in today's session. Among the Asian markets, the Nikkei sliped 6.79% followed by Straits Times, Kospi and Hang Seng, which fell over 5% each. Shanghai lost 3.2% and Jakarta fell 4.19%. Taiwan was down 1.62%.
At the end of the day:
Sensex: 10169.90 ( -513.49 Points down)
Nifty : 3065.15 ( ...
The Indian stock market to see some downtime today. Yesterday market was up due to short covering. Still bear would be there in the market.
The support for the Sensex is 10300 and the resistance to the up move is at 10919-11542. And the support for the Nifty is at 3000-2907 and the resistance to the up move is at 3324-3496.
Today some uptime would also be seen in the market trend but it would not last long so guys, take care of timing for today's trade.
Market was seen having good uptime for second straight day, today. As we discussed in the morning and yesterday, Indian market is having better times than other global market. The pullback rally was seen in the most beaten down stocks, mainly in the realty, technology, capital goods and banking sectors. Mid Cap and small Cap stocks also followed the same trend. At the end of the day:
Sensex: 10683.39 ( +460.30 Points up)
Nifty : 3234.90 ( +112.10 Points up )
So guys, today you might have booked a good amount of profit. But Remember guys, bear has not yet finished. For more detail about best investments practices refer our post Tips to invest in best ...
Bettertrades founder Freddie Rick provides tips and strategies to help excel in the stock market.
Loading ...
