Satyam’s fraud was the reason the market tank yesterday. Satyams ADR opened down 91%. US markets ended lower on an average of 3%. Europe also ended lower. Asia has opened negative. India is bond to open negative. The trend in NIFTY is broken and one can see markets giving up gains. I see a minor [...]
US and European markets are closed on account of Christmas. Asia is boned to open flat to positive. We may see a flat opening. NIFTY is bullish above 2945 and will find difficult to cross 3015. The support for the Sensex is 8564 and the resistance to the up move is at 9690. Nifty: (2857) [...]
US ended a positive note a day before Christmas Eve. Europe ended marginally lower. Japan has opened flat. I expect Indian markets to open flat. Auto Industry all over the world is facing heat after sales of cars decline badly in Japan first time after 1967. The sectors which have performed worst this year are [...]
US markets ended mixed. Europe ended negative. Asia opened flat but now is trading positive. I expect Indian markets to open flat to negative. If NIFTY hold’s on 3115 mark we are bond to remain positive the whole day. Indian volatility index (VIX) is at 38.49 down over 15% so I expect more bullishness today. [...]
meta name=”Generator” content=”Microsoft Word 11″> US markets were trading choppy yesterday. Europe ended flat. Asia has opened marginally lower. I expect Indian markets to open lower. Banking and Infra stocks can see a rally today. The support for the Sensex is 9750 and the resistance to the up move is at 10000-10324 Nifty: (2981) the [...]
US markets fell down after it rallied for 2 days. Europe ended a higher note. Asia has opened marginally higher. I expect Indian markets to open flat to negative. The support for the Sensex is 8915 and the resistance to the up move is at 9320-9478-9630. Nifty: (2784) the support for the Nifty is at [...]
The 30-share index, which opened higher by 160 points, surged further by 323.93 to 8,774.94 points despite weak global markets. The benchmark Sensex soared by over 320 points in late morning trade on Friday after Prime Minister Manmohan Singh assured that country will sustain a growth rate of 8% despite the adverse impact of the [...]
Despite the broadbased rally, realty stocks failed to pick up steam on Friday as investors resorted to heavy selling on sustained concers about availability of funds. Industry leaders Unitech and DLF continued to crumble. Market analysts said selling pressure went up after reports that DLF has postponed residential, commercial and hotel projects due to low demand. [...]