Oct/090
Indian Stock Market Analysis-26th Oct 2009
Today major Asian market trading positive signaling gap up opening of Nifty at around 5010 level. Nifty has strong support at 4970 closing below which can drift down Nifty to 4920 level. Major resistance at 5065 now closing above which can take Nifty to 5115 level. We will be in favor of long side today in specific stocks
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Oct/090
Indian Stock Market Analysis – 23rd Oct 2009
As expected,Market failed down yesterday due to profit booking and weak global cues. Nifty has broken psychological support level 5000 and closed at 4988.60
Today major Asian market trading positive signaling gap up opening of Nifty at around 5050 level. Nifty has strong support at 4980 closing below which can drift down Nifty to 4920 level. Major resistance at 5065 now closing above which can take Nifty to 5115 level. We will be in favor of long side today in specific stocks
Hot Stock to Buy today- Educomp
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Oct/090
Indian Stock Market Analysis – 21st Oct 2009
Yesterday market closed flat on weak global cues and profit booking. Nifty made high of 5181.95 but unable to sustain above 5170, break the previous day low of 5124.25 and closed at 5114.45.
Today major Asian market trading mildly negative signaling flat opening of Nifty at 5115 level. Nifty has support at 5080 closing below which can drift down Nifty to 5030,4980 level. Major resistance at 5182,closing above which can take Nifty to 5250,5300 level. Major indicators on chart showing overbought position in market.We will be not in favor of long side today.
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Oct/090
Happy Diwali and New Year
Wish you all Happy Diwali and New Year
SmartBulls Team
www.SmartBulls.com
Oct/090
Indian Stock Market Analysis-15th Oct 2009
Today major asian market trading positive signaling gap up opening of Nifty at around 5140 level. Nifty has strong support at 5050 now,closing below which can drift down Nifty to 4980,4930 level. Major resistance at 5165,closing above which can take Nifty to 5220,5280 level. Market should trade with positive bias today. We will be in favor of long side today.
Hot Stock to Buy today- HDFCbank, Nagaconst
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Oct/090
Indian Stock Market Analysis-14th Oct 2009
Market traded and closed positive on 12th Oct due to Global markets and positive IIP data. Nifty has faced strong sopport again at 4930 level, recovered from intraday low of 4945, given breakout and closed at 5054.25
Today major asian market trading positive signaling gap up opening of Nifty at around 5090 level. Nifty has strong support at 4990 now,closing below which can drift down Nifty to 4930,4850 level. Major resistance at 5111,closing above which can take Nifty to 5180,5250 level. Market should trade with positive bias today. We will be in favor of long side today.
Hot Stock to Buy today- Jindalstel, M&M
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Oct/090
Indian Stock Market Analysis-9th Oct 2009
Today major Asian market trading positive signaling gap up opening of Nifty at around 5040 level. Nifty has major resistance at 5050, closing above which can take up Nifty to 5120,5180 level. Strong support at 4970 closing below which can drift down Nifty to 4900,4830 level. Overall market will trade with positive bias today.
Hot Stock to Buy today- Dr.Reddy, ONGC
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Oct/090
Indian Stock Market Analysis – 7th Oct 2009
Yesterday market saw a smart recovery in late trade and closed positive with huge volumes led by FMCG and Metal stocks while the telecom stocks tanked (Bharti and RCom almost 10%). Nifty recovered slight above its support level 4915, closed at 5027.40
Today major Asian market trading positive signaling gap up opening of Nifty at around 5060 level. Nifty has major resistance at 5080, closing above which can take up Nifty to 5150,5230 level. Strong support at 4970 closing below which can drift down Nifty to 4900,4830 level. Overall market will trade with positive bias today.
Stock to Buy today- Relinfra, Optocircuit
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Oct/090
Indian Stock Market Analysis-6th Oct 2009
Today major Asian market trading positive signaling gap up opening of Nifty at around 5030 level. Nifty has strong support at 4980 closing below which can drift down Nifty to 4915 level. Major resistance at 5080, closing above which can take up Nifty to 5150,5230 level. Overall market will remain positive today.
Stock to Buy today- Maruti, Tatasteel
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Oct/090
Indian Stock Market Analsysis-5th Oct 2009
Nifty crossed 5100 last week for the first time since 22nd May 2008 but closed flat last friday. Witnessed some selling pressure at 5100 level, closed at 5083.40
Today major Asian market trading negative for 2nd consecutive day signaling gap down opening of Nifty at around 5000 level. Nifty has strong support at 5000 closing below which can drift down Nifty to 4915 level. Major resistance at 5120, closing above which can take up Nifty to 5230 level. Major indicators on chart showing overbought position which make us cautious on long side. We will wait for right level on dip to enter again on long side.
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