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US markets opened red went in positive zone but again came down in Red.We may see a same thing happening here.I think Asia may open flat to positive. We may do the same, many people waiting for a good bounce back to come.People its advisable to book your profits in rally’s.The support for the Sensex [...]
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US markets recovered smartly and moreover they are up 4 – 4.5% .And Indian markets yesterday recovered smartly.Asian may open flat or may be positive.Inflation eases as commodities prices fall.The support for the Sensex is 10000-9700 and the resistance to the up move is at 11410Nifty: (3269) the support for the Nifty is at 3000-2907 [...]
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US markets have fallen drastically.They rise for tow days and fall fall for three days.Dow is down 730 odd points and Nasdaq is down 150 points.Stocks plunged yesterday as a new data points out recession. I wrote on Krugman’s view on the economy yesterday.Nikkei had open with a gap down of 3% and now is [...]
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US markets ended mixed.Asian markets have opened marginally lower.We may have a flat to gap down opening.Yesterday we opened excellent as I predicted but we saw profit booking which was the reason for the markets to give up all its gain.The support for the Sensex is 11180 and the resistance to the up move is [...]
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US markets roared back.DOW and NASDAQ both are up 11% odd.This is the biggest ever single day gains for Nasdaq as well as Dow.Our markets will surely do the same thing.Yesterday we saw a big short covering in the way.We will open with a gap up of at lest 400 points.The support for the Sensex [...]
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US markets ended flat after a chopsy section.Europe was down almost 5% +.Asia faced a bad time ever.RBI has cut CRR by 150 Bps which will bring 60,000 crores in the markets from 11 Oct.Which means we would have a green start and forget about the end. Day trading ideas.RNRLBuy above 53.40 for targets of [...]
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US markets yesterday remained very choppy. Dow is down nearly 7% to its lowest level in five years. Stocks took a nosedive after a major credit-rating agency said it might cut its rating on General Motors and Ford, further rattling investors already fretting over the impact of tight credit on the economy. Technicals are giving [...]
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Yesterday US markets cracked badly. Dow has broken its 5 digit mark almost after 2004. It is within 10K now.Yesterday RBI cut CRR by 50 basis points to increase liquidity in the system. Although RBI stated it as a temporary measure, it is an aggressive timely measure by Reserve Bank of India. Interest rate sensitive [...]
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US markets opened positive and then went in negative zone.Asia may open flat to negative.If we open negative our markets will start recovering.More over crude is bellow 94$.Inflation came at 11.99% After 13 weeks inflation is below 12% mark.We will surely start recovering from days low. Intraday Tips.Punj Llyod.Buy Above 272 for targets of 282 [...]
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700 billion $ bailout and N deal both have been passed.But US markets say another worst day.US markets down over 4%.Moreover crude well below 95$.Asia may open flat to negative.We may follow the same. Intraday Tips.Sesa Goa.Buy above 117.9 for targets of 120.80 & 124.80Sell below 113.90 for targets of 111.25 & 107.50WalchandNagar Ind.Buy above [...]
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