STOCK MARKET TODAY
I thought today nifty would take a U turn but I was wrong! Reliance results dragged the market. US GDP surprise made the market to have a gap up opening and faded today itself. Volume was good. FII’s were net buyers for 550-odd crores. Technically in the price chart a bearish pattern had formed. For past 10 trading sessions nifty had been trading in negative region. What comes down has to go up, let’s see what happens next week.
THANKS FOR VISITING!
Friday, October 30, 2009
Thursday, October 29, 2009
STOCK MARKET TODAY
Global cues led the market today. As today was contract expiry profit booking was seen at higher levels. Volume was good. FII’s were net sellers for 2500-odd crores!!! This was huge selling. I feel this huge selling may due to FII’s misgivings about the US GDP data that is to be released tonight. Technically in the price chart bearish pattern had formed. However any good news may give a U turn to the market. Let’s see what happens tomorrow!
STOCK MARKET TREND FOR TOMORROW
At last the world largest economy finally started to expand! US GDP data released tonight had beaten the street expectation. The projection was 3.2 but actual was 3.5!!! Surly we may see up move in our market. Now from tomorrow onwards our all domestic strengths come to play in the market I feel so. Let’s see what happens tomorrow.
THANKS FOR VISITING!
Global cues led the market today. As today was contract expiry profit booking was seen at higher levels. Volume was good. FII’s were net sellers for 2500-odd crores!!! This was huge selling. I feel this huge selling may due to FII’s misgivings about the US GDP data that is to be released tonight. Technically in the price chart bearish pattern had formed. However any good news may give a U turn to the market. Let’s see what happens tomorrow!
STOCK MARKET TREND FOR TOMORROW
At last the world largest economy finally started to expand! US GDP data released tonight had beaten the street expectation. The projection was 3.2 but actual was 3.5!!! Surly we may see up move in our market. Now from tomorrow onwards our all domestic strengths come to play in the market I feel so. Let’s see what happens tomorrow.
THANKS FOR VISITING!
Wednesday, October 28, 2009
8:00 AM UPDATE
Yesterday due to weak home sales data Dow closed in red. In addition consumer confidence released on Tuesday too was weak. These two crucial data might have created a fear among investors whether achieving 3.2 GDP would be possible. However, to my knowledge, positive GDP is possible due to manufacturing sectors contribution. IF at all, the projected numbers is not delivered, any positive number would be encouraging. Along with GDP data unemployment also would released. Already it was in 26 year low and any disappointing numbers would add fuel to the fire.
Today nekkei is trading in red and hang seng had nearly 400 points gap down opening. Nifty too might have a negative opening following the global markets. Lets see what happens!
THANKS FOR VISITING!
Yesterday due to weak home sales data Dow closed in red. In addition consumer confidence released on Tuesday too was weak. These two crucial data might have created a fear among investors whether achieving 3.2 GDP would be possible. However, to my knowledge, positive GDP is possible due to manufacturing sectors contribution. IF at all, the projected numbers is not delivered, any positive number would be encouraging. Along with GDP data unemployment also would released. Already it was in 26 year low and any disappointing numbers would add fuel to the fire.
Today nekkei is trading in red and hang seng had nearly 400 points gap down opening. Nifty too might have a negative opening following the global markets. Lets see what happens!
THANKS FOR VISITING!
Friday, October 23, 2009
TODAY’S PERFORMANCE
Today nifty didn’t approach the given levels.
STOCK MARKET TODAY
Today nifty closed flat. It was a positive tight range trade. As global cues were positive nifty had a gap up opening and faded today itself. Volume was low. Technically a stopping pattern had formed in the price chart. Dow had a well closing; Europe market had opened positively and traded upwards due to positive economic indicators. Still our market could not trade firmly. I feel the profit booking had not still exhausted.
THANKS FOR VISITING!
Today nifty didn’t approach the given levels.
STOCK MARKET TODAY
Today nifty closed flat. It was a positive tight range trade. As global cues were positive nifty had a gap up opening and faded today itself. Volume was low. Technically a stopping pattern had formed in the price chart. Dow had a well closing; Europe market had opened positively and traded upwards due to positive economic indicators. Still our market could not trade firmly. I feel the profit booking had not still exhausted.
THANKS FOR VISITING!
Thursday, October 22, 2009
TODAY’S PERFORMANCE
Today nifty didn’t approached the given levels.
STOCK MARKET TODAY
Today nifty closed below the psychological level 5000. As global cues were negative nifty traded in red. Inflation and LT results were not bad. Volume was good and FII’s were net sellers for 499 crores. Technically in the price chart a bearish pattern had formed. I did not expect that nifty would trade below 5000 levels.
STOCK MARKET TREND TOMORROW
Again global cues would lead the market. BHEL results is to come tomorrow. To my knowledge, technically, I feel tomorrow nifty would trade in positive range. I suggest visitors to buy nifty only above 5160 levels.
NIFTY LEVELS
BUY ABOVE - 5160
TARGET 1 - 5207
TARGET 2 - 5250
THANKS FOR VISITING!
Today nifty didn’t approached the given levels.
STOCK MARKET TODAY
Today nifty closed below the psychological level 5000. As global cues were negative nifty traded in red. Inflation and LT results were not bad. Volume was good and FII’s were net sellers for 499 crores. Technically in the price chart a bearish pattern had formed. I did not expect that nifty would trade below 5000 levels.
STOCK MARKET TREND TOMORROW
Again global cues would lead the market. BHEL results is to come tomorrow. To my knowledge, technically, I feel tomorrow nifty would trade in positive range. I suggest visitors to buy nifty only above 5160 levels.
NIFTY LEVELS
BUY ABOVE - 5160
TARGET 1 - 5207
TARGET 2 - 5250
THANKS FOR VISITING!
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