Tag Archives: satyam

Advice for – Tuesday, February 10, 2009

Yesterday: As we predicted beforehand market opened up and remained positive throughout the day.

 

Today: Indian stock market looks up but still we feel that this is the time to book profits and wait for market to again come down.

 

BSE Sensex: (9583) The support for the Sensex is 9400 and the resistance to the up move is at 9900.

 

NSE Nifty: (2920) the support for the Nifty is at 2900 and the resistance to the up move is at 2950.

 

Important data to watch: US stimulus voting today and Global market

 

Today’s Pick: Go long in RIL, GVKPIL

 

Advice for – Friday, January 16, 2009

Yesterday: Indian stock market opened with a gap down due to worse global cues as we predicted in the morning. Yesterday market managed to hold on to the psychological support of 9000 levels for sensex.

Today: Indian stock market may be range bound. The clear trend would emerge out today for future references. But according to technical analysis, it is been predicted that no big movement may be seen for 3 months, i.e. market would remain range bound between 8000-10000 levels for sensex.

BSE Sensex: (9047)The target for the Sensex is 8945 and the resistance to the up move is at 9300-9557-9731

 

NSE Nifty: (2737) the target for the Nifty is at 2686 and the resistance to the up move is at 2882-2931

 

Stocks that can be traded on: GVKPIL (GVK Power ltd), Reliance Industries (RIL)

Data to watch: Global market, Quarterly results. These data can retreat market direction.

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