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Nifty has support at 2750-2700: Karvy

Published on Tue, Nov 18, 2008 at 09:36 , Updated at Tue, Nov 18, 2008 at 09:38
Source : moneycontrol.com

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According to Karvy Stock Broking's Technical Analysis report, the indices may find support around 9000-8700/2750-2700 levels for the day.

Karvy Stock Broking's Technical Analysis report:

Global indices are trading on a negative note. Our indices are expected to open on a flat to weak note. We may witness further selling pressure around the indicated resistance levels which could be utilized to assume fresh speculative short positions. Hence, investors are advised to trade cautiously with strict stop losses. For the day we expect buying to emerge around the indicated supports. Speculative shorts may be assumed if Nifty fails to hold above 2780 levels else from 2850 levels with a stop loss placed above 2900 levels. On the higher side, 9500-9800/2850-2900 levels will continue to act as stiff resistance while the indices may find support around 9000-8700/2750-2700 levels for the day.

To read the full report click on the attachment......

Messages on Market Analysis - Technical View

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Other comments

Put-call ratio

Moneycontrol provides Nifty OI PCR (for 7-jan-09 it was 1.12 remain unchanged on 9-jan). NSE website provides Index...

in Market Analysis - Technical View - savid at 09-Jan-09 06:27

What did i tell you all?

Which Raju ??? KC Raju of Nagarjuna Finance or Ramalinga Raju of Satyam... Ha Ha Ha Ha.... ROFL......

in Market Analysis - Technical View - Callahan at 09-Jan-09 03:48

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Markets Roundup

  • Sectors
  • Gainers/Losers
  • World
BSE Auto 2523.51 25.19
BANKEX 5381.36 107.88
Bank Nifty 4906.70 77.85
Capital Goods 6679.42 329.35
Consumer Durables 1809.02 44.43
BSE FMCG 1993.96 24.11
BSE Healthcare 2872.75 13.40
BSE IT 2131.99 3.83
BSE Metals 5203.86 401.38
Oil and Gas 5777.59 166.82
BSE PSU 5184.22 68.59
BSE TECk 1800.05 34.32
BSE Small Cap 3555.60 106.92
BSE Mid-Cap 3120.79 77.12
CNX Midcap 3539.10 108.10
Top Gainers | NSE | BSE
Top Losers | NSE | BSE
Advances/ Declines | NSE | BSE
Turnover (NSE) Turnover (BSE)
FII Activity MF Activity
  Price Change
Nymex Crude $ 40.36 -0.47
Re Vs $ Rs 48.26 -0.54
US
Dow Jones (Jan 09) 8599.18 143.28
Nasdaq (Jan 09) 1571.59 45.42
Asia
Nikkei 225 (Jan 9) 8836.80 39.62
Straits Times (Jan 9) 1806.02 21.59
Hang Seng (Jan 9) 14377.44 38.47
Taiwan Index (Jan 10) 4482.60 20.14
KOSPI (Jan 9) 1180.96 24.74
Thailand SET (Jan 9) 459.06 5.97
Jakarta Composite (Jan 9) 1416.67 14.01
Shanghai Composite (Jan 10) 1904.86 26.68
Europe
FTSE (Jan 9) 4448.54 56.83
CAC (Jan 9) 3299.50 24.83
DAX (Jan 9) 4783.89 96.02

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