Market Outlook

Market Outlook and Tips for 13th August 2009

On Wednesday 12th August, 2009, the markets saw strong buying at lower levels after opening weak and initially going below 4300 levels. Aggressive buying pulled the markets up as the investors made entry at lower levels below 4300. As predicted yesterday (Stock Advice and Market Outlook for 12th August 2009), for nifty 4385 proved to be the intraday support and though it slipped below it for some time but witnessed heavy buying at those levels. To end the day, Nifty finally closed at 4457.50 losing .....

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Stock Advice and Market Outlook for 12th August 2009

On Tuesday, 11th August, 2009, the markets witnessed strong buying at lower levels after opening flat in the early trades. Aggressive buying pulled the markets back to a somewhat high level after a free fall in the last 3 consecutive sessions of trade as the investors made entry at very attractive lower levels. As predicted in the yesterday’ article (Stock Advice and Market Outlook for 11th August 2009), 4387 proved to be the intraday support for the nifty and 4494 came out to be the .....

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Stock Advice and Market Outlook for 11th August 2009

On Monday, 10th August 2009, the markets witnessed extreme volatility aided by heavy selling pressure across all the counters. Intense profit booking on a positive opening and huge selling by FIIs (Foreign Institutional Investors) on poor monsoon expectations pulled the markets down. As predicted yesterday 4432 proved to be the intraday support for the Nifty and 4542 proved to be the intraday resistance for Nifty. Nifty finally closed at 4437.65 losing 44 points or approximately 0.98 % Intraday Support for the market shall be 4385 .....

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Stock Advice and Market Analysis for 10th August 2009

On Friday, 7th August 2009, the markets witnessed heavy selling pressure across all the counters, with the worries over poor monsoons this year across the country. 4480 proved to be the intraday support for the Nifty. Nifty finally closed at 4481.40 after losing 104 points or approx. 2.27 %. Intraday Support for the market shall be between 4432 and 4385 while the resistance can be seen at 4542 & 4588. Best Strategy for the day shall be to:- Buy above 4505 with a Stop Loss .....

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Stock Advice and Market Analysis for 04 August 2009

The US markets have ended higher in the last trading session.European markets showed the same behaviour by ending in the green.The Asian Markets have opened Positive. After a good start to the week yesterday when the market closed just near to the 16,000 mark, today we can expect the Indian Markets to open positive (Higher) further and cross the 16,000 barrier today. The support for the Sensex is 15800 and the logical technical target is at 16050-16500. Nifty: (4711) the support for the Nifty is .....