Tag Archives: sensex

Advice for – Thursday, February 12, 2009

Yesteday: As predicted by us, Indian stock market opened with a down gap and managed to end flat with minute negative trend.

 

Today: Today is a make or break day for the Indian stock market. As IIP numbers & Inflation will be declared. That can turn around the market directional in either direction whatever the global situation may be so we recommend to stay away till those numbers are declared. Inflation is assumed to go down as compared to last week because of fuel price cut.

 

Indian stock market still market looks up. Market would surely react to global cues. Dow Jones ended with positive trend which is a plus point to Indian stock market.

 

BSE Sensex: (9619) The support for the Sensex is 9500 and the resistance to the up move is at 9850.

 

NSE Nifty: (2924) the support for the Nifty is at 2900 and the resistance to the up move is at 2995.

 

Important data to watch: Inflation, IIP numbers.

 

Today’s Tip: Go Long in Relcapital.

Advice for – Friday, December 26, 2008

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.