Daily Market Preview
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MARKET PREVIEW 24th NOVEMBER, 2009
The market may remain volatile in coming days as traders roll over positions in the derivative segment from November 2009 series to December 2009 series ahead of the expiry of the near month November 2009 contracts on Thursday, 26 November 2009. From global cues, the Asian markets were trading mixed today after a strong rally in US stocks on Monday…
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MARKET PREVIEW 23rd NOVEMBER, 2009
The market may open higher extending Friday (20 November 2009)’s gains on positive Asia. The equities may remain volatile over the next few days as traders rollover positions in the derivative segment from November 2009 series to December 2009 series ahead of the expiry of the near month November 2009 contracts on Thursday, 26 November 2009…
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MARKET PREVIEW 20th NOVEMBER, 2009
The market may extend last two days fall tracking weak Asian stocks and decline in US stocks overnight. However, the survey showing jump in business confidence in India and Organisation for Economic Co-operation and Development’s upward revision in global growth forecast for 2010 may cap fall. Equities may remain volatile over the next few days as traders rollover positions in the derivative segment…
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MARKET PREVIEW 19th NOVEMBER, 2009
The market is set for an uncertain start on mixed Asian stocks. The volatility may remain high as investors may remain cautious after the recent surge in indices. The government has set reform of the insurance sector as a priority for the winter parliament session that begins today, 19 November 2009. The bill, which was stalled in the last parliament, proposes…
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MARKET PREVIEW 18th NOVEMBER, 2009
The The market may open lower tracking weak Asia. Investors may take home some cash after recent spurt in indices. The market has risen sharply in the past few days. From a recent low of 15,404.94 on 3 November 2009, the Sensex has jumped 1,627.57 points or 10.56% in a short period of time, at current 17,032.51 on 16 November 2009. However, Federal Reserve Chairman Ben Bernanke’s comments the central bank…
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MARKET PREVIEW 16 NOVEMBER, 2009
Nifty traded in a range of 5030-4940 finally closing around 5000. It is struggling to sustain above 5000 as there exist a crucial resistance at 5050 which is 78.6% retracement of the fall from 5182-4538. On the down side 4940 acted as a support below which 4850 is the crucial support for the market. The hourly oscillators are in sell mode giving negative divergence. Nifty has made triple top above 5000, so going forward it becomes important for Nifty to surpass it to gain more strength failing which open gates for lower levels. So, above are the levels which remain key as breach of any will lead to major move.
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MARKET PREVIEW 9th NOVEMBER, 2009
Today domestic markets are likely to open positive as majority of Asian markets have also opened in green. The fifth straight gain in US markets despite disappointing non-farm payrolls data has raised hopes of firmness across global markets. The positive comments last week from Central Bank of Australia about the country’s phenomenal growth prospects will weigh more on the investors confidence for a couple of weeks…
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MARKET PREVIEW 6th NOVEMBER, 2009
Today domestic markets are likely to open positive as all Asian markets have also opened with phenomenal gains on the back of overnight surge in US markets. US markets closed higher due to better results from Cisco and also enthusiastic economic reports. Further, Australia’s central bank has said that the country’s economy will expand at more than three times the pace forecast in August….
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MARKET PREVIEW 5th NOVEMBER, 2009
Today, Nifty snapped its six-day losing streak covering all of its yesterday’s loss. As expected, Nifty has given a sharp bounce from its quite oversold area in the momentum indicators. We call attention to the fact that this bounce should be taken as a selling opportunity, as it is just a dead cat bounce and once it is over we will see the downtrend resuming. The upside is capped and we do not expect the index to move above 4870…
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MARKET PREVIEW 4th NOVEMBER, 2009
Today domestic markets are likely to open positive amid bounce back in Asian stocks, strong trade in SGX Nifty and mixed to positive close of US Market overnight. One could expect buyers stepping in for Realty and Metal stocks along the curve. The trade would spike towards northward. Today domestic market is likely to trade range bound with positive bias…
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MARKET PREVIEW 3 NOVEMBER, 2009
Nifty managed to open positive, bouncing from its next crucial support of 4750 and with the help of positive global cues, but did not sustain at higher levels. Finally in the second half, 4750 was broken and as expected the selloff then was sharp. October is conventionally known as a month of correction in the stock markets globally. Black Monday refers to Monday, October 19, 1987, when…
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MARKET PREVIEW 30 OCTOBER, 2009
Today domestic markets are likely to open positive amid strong early trade in Asian Market, robust start in SGX Nifty as well and US Market rallying overnight. The trade would be gusted towards northward. One could expect buyers stepping in for Banking and Metal stocks along the curve. Lower than expected earning result from Reliance Industries could snatch some gains…
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MARKET PREVIEW 29 OCTOBER, 2009
Today domestic markets are likely to open negative amid feeble ongoing trade in Asian Market, fragile start in SGX Nifty as well and contraction in US Market overnight. The trade would be highly volatile with negative bias. One could expect huge sell off in Banking and Metal stocks specifically and sector specific movement along the curve. Today domestic market is likely to trade range
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MARKET PREVIEW 28 OCTOBER, 2009
Today domestic markets are likely to open negative amid weak trade in Asian Market, weak start in SGX Nifty as well and mixed performance in US Market overnight. The trade would be highly volatile with negative bias. One could expect stock specific and sector specific movement along the curve on the back of RBI monitory policy. Realty, Banking stocks are to be watched for. Today domestic market is
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MARKET PREVIEW 27 OCTOBER, 2009
Today domestic markets are likely to open negative amid weak trade in Asian Market, weak start in SGX Nifty as well and huge sell-of in US Market overnight. The trade would be highly volatile with negative bias. One could expect stock specific and sector specific movement along the curve on the back of RBI monitory policy which is expected to loosen the CRR. Defensive sector will be benefited in choppy session. Today…
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MARKET PREVIEW 26 OCTOBER, 2009
Today domestic markets are likely to open flat to positive amid strong trade in Asian Market, strong start in SGX Nifty as well but lower US Market overnight. The trade would be highly volatile with positive bias. One could expect stock specific and sector specific movement along the curve. Defensive sector will be benefited in choppy session.
