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US markets were down again yesterday. Europe ended lower too. Asia is bonded to open negative. We may see a negative opening in the Indian markets also. NIFTY is technically oversold and is now in down trend for short term. Do not initiate any fresh buys. Also don’t short much below 2700 as we can [...]
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US markets have ended higher after the news came out that FED is buying out mortgage backed securities. Europe ended a higher note. Indian markets will have a gap up opening. The support for the Sensex is 9495 and the resistance to the up move is at 9875-9990 Nifty: (2980) the support for the Nifty [...]
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Markets may open Positive. Indian markets witnesed another chopsy day yesterday. US marketes ended mixed. Europe ended green. Asia has opned mixed and I expect markets to open flat. Indian markets will witness a selling preasure very soon. Be aware. Levels to watch out for BSE Sensex are – Support at 8700 and 8450 and [...]
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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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