Tag Archives: domestic news

Advice for – Friday, January 09, 2009

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

 

NSE Nifty: (2920) the support for the Nifty is at 2795 and the resistance to the up move is at 2990.

 

No trading should be done in margins at this point, stay away from F&O as market is very volatile and can move in any direction. Such movement can auto square-off without giving a chance to your broker to inform you to put more money.

 

But Infosys or TCS shares as the loss in Satyam would definitely see gain in infosys and TCS stock without any doubt and no one can beat Infosys management.

 

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