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US markets have cracked badly down over 5%. Asia has opened weak. Asia is down on an average of 4%. I expect a weak opening. The support for the Sensex is 8649-8393 and the resistance to the up move is at 8940-9130 Nifty: (2619) the support for the Nifty is at 2542-2464 and the resistance [...]
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US markets ended positive. Citi group is to cut 50K jobs. Three top automakets beg for 25 billion $. Asia has opened weak. We may have a flat to positive opening. If we have a gap down opening it would be of max 120 points on Sensex. I expect Sensex to recover from days low. [...]
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US markets were extremely volatile and end in red. US markets were lower on an average of 2.5% – 3%. Japan’s economy, the second largest in the world, slipped into recession in the third quarter as companies slashed investment to weather the financial crisis, official data showed Monday. Asia is trading red. I expect a weak [...]
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US markets on Friday were lower. Europe was up. Asia has opened mixed. We may have a flat to negative opening. The support for the Sensex is 9267-8940 and the resistance to the up move is at 9705 Nifty: (2810) the support for the Nifty is at 2746-2630 and the resistance to the up move [...]
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Its Childrens day so is I can say Indian Day as India is a child if compared to US , Japan , Germany etc. Today market is to cheer with positive Inflation and good global cues. US ends up 6.5% as Wall Marts profits rise. Asia is trading higher. Yesterday we were closed thats good [...]
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US markets had a gap down opening but recovered a bit in the later hours.Asia has opened mixed.Europe was marginally lower.We may see a gap down opening to flat opening.Yesterday we saw an intense profit booking session.If we open negative we will see a recovery in later hours if IIP data is good.IIP data is [...]
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US markets rallied on Friday. Though its jobless unemployment dad has reached to a crucial level. Asian markets have opened positive. We are bond to open positive. The support for the Sensex is 9631-9321-8938 and the resistance to the up move is at 10000-10755 Nifty: (2973) the support for the Nifty is at 2863-2746-2630 and [...]
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US markets fall down for second consecutive day.Europe was down over 6%. US down over 4%.US stocks fall as Long term jobless benefits hit 25 years high.Yesterday I said markets will go down till 400 points before recovering. And it did the same but the inflation numbers were disappointing it came at 10.72 percent for [...]
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US markets down on an average of 5%.Asia has opened weak.India is bonded to open low.I expect market would go down at least 400 points before it starts recovering.Yesterday we saw a profit booking session and th great blue chips being beaten out. Big daddy Reliance Ind. was down over 12%The support for the Sensex [...]
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US markets had a good time and rallied over 3% on the Elections day.Indian Markets yesterday indulged in buying and banks reducing their lending rate i.e PLR (Prime Lending rate).Europe markets are up 4 – 5%.Asia is trading higher.Heng Seng is up over 6%.Indian markets are ought to open higher at lest 3% .The support [...]
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