Nov/090
Indian Stock Market Analysis-19th Nov 2009
Nifty Fut. Last Closed 5055.05 - Weak if sustain/close below 5026 may slide to 4970,4930 level. Strong if Sustain and Close above 5090, may move up to 5120,5170 level.
Be cautious on Higher level..! Expecting fall from 5170 level..!
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Nov/090
Indian Stock Market Analysis-18th Nov 2009
Nifty Fut. Last Closed 5063.40 - Weak if sustain/close below 5026 may slide to 4960,4920 level. Strong if Sustain and Close aboe 5090, may move up to 5130,5170 level.
Be cautious on Higher level..!Expecting fall from 5170 level..!
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Nov/090
Indian Stock Market Analysis – 17th Nov 2009
Nifty Fut. Last Closed 5062.45 - Weak if sustain/close below 5026 may slide to 4930 level. Strong if Sustain and Close aboe 5090, may move up to 5180 level.
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Nov/090
Will Update soon…!
Will come back soon with daily market outlook....keep visiting..!
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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
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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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