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A bad week indeed for the Indian Stock markets characterized by high volatility and bad global sentiments. Last week we saw NIFTY bearish mode.Last week NIFTY closed at 4586 and this week at 4274.05 a negative movement.FII’s participation was moderate.NIFTY TRIN at 0.457NIFTY Range – Between 4185 to 4421 Current Spot – 4274Support – 4190 [...]
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Indian markets had a gap up opening of 160 odd points before it slipped into a negative zone.Profit booking was seen at higher levels.Most of the Asian markets ended negative.Markets are looking heavily overbought. NIFTY Trin – 1.694Nature – Overbought NIFTY Levels for 3rd June :Spot – 4525.25Support -4455.5 and 4385.85Resistance – 4590.55 and 4656 [...]
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The UPA victory changed the phase of the markets and it also changed peoples conception towards markets.Turnover has increased in the markets.FII’s have turned net buyers over a period of time.NIFTY Looks over brought. But the trend remains positive. Last week we saw NIFTY zooming up.Last week NIFTY closed at 4238 and this week at [...]
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The UPA victory gave a sharp movement in the markets. Couple of upper circuits and the markets were hardly open for 50 seconds on Monday.Tuesday we saw a record turnover also witnessed by profit booking.NIFTY Looks over brought. High volatility expected in the markets in the coming week. Last week we saw NIFTY zooming up.Last [...]
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Last week we saw NIFTY was in a bullish mode.Last week NIFTY closed at 3473 and this week at 3620 a huge gain.FII’s participation was good.NIFTY TRIN at 1.735Over all Nifty is Range Bounded.NIFTY Nature – Between 3400 – 3750. Waiting till Election results are declared is the best strategy. Current Spot – 3620.70Support – [...]
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Last week we saw NIFTY was in a range bounded mode. Average uptrend was seen. Followed by strong global cues.Last week NIFTY closed at 3384 and this week at 3480 an increase of 100 points odd. A good one.FII’s participation was good.The week was followed with good global cues and also good local cues. (Rate [...]
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Last week we saw NIFTY was in a range bounded mode and was a bit volatile.Last week NIFTY closed at 2843 and this week at 2948 an increase of 100 points odd. This was due to global cues.NIFTY TRIN at 0.35Over all Nifty bullish.5 day EMA at 2892 Pivot – 2954Support – 2899 and 2846Resistance [...]
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Satyam saga is still on.But a buyer for Satyam. LNT buys 12% stake in Satyam. And the stock is up at 38 levels up almost 40%. Lets see what magic iGate solutions can do ?Its pure gambling. Expect markets to be volatile next week also.Support for NIFTY is at 2560 and resistance at 2890If NIFTY [...]
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Markets were volatile last week but rebounded again. Satyam saga still continuous as Raju wants a bail. Markets cherished on Friday on account of global cues. Now Inflation is at 11 months low at 5.24%. Nifty is now in slaggy mode. Expect a range bounded movement from here. NIFTY has a support at 2790 and 2710 [...]
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Last week we broke the trend due to Satyam’s saga. Last week markets gave up much of its gain. I think markets will give up some more gain. NIFTY channels are now breaking channels are breaking in each time cycle. Levels to watch out in this week would be 2745 and 2650 as supports and [...]
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