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Sensex has support at 7700-7200: Karvy
Published on Fri, Nov 21, 2008 at 09:26 , Updated at Fri, Nov 21, 2008 at 09:28
Source : moneycontrol.com
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According to Karvy Stock Broking's Technical Analysis report, the indices may find support around 7700-7200/2420-2350 levels for the day. Karvy Stock Broking's Technical Analysis report:
To read the full report click on the attachment...... |
Global indices are trading on an extremely negative note. Our indices are expected to open on a weak note with a gap down. 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 the index to witness severe selling pressure. However, any monetary action by the RBI could induce some amount of relief rally and the sustainability of the same has to be awaited. Speculative shorts may be assumed at every rise with a stop loss placed above 2500 levels. On the higher side, 8500-8800/2600-2650 levels will continue to act as stiff resistance while the indices may find support around 7700-7200/2420-2350 levels for the day.Attachments : DAILY TECHNICAL REPORT-211108.pdf |
Messages on Market Analysis - Technical View
Other comments
Typos i meant Rs 73 to Rs 81...
in Market Analysis - Technical View - radhika_nandlal at 10-Jan-09 08:46
so did you all play chemfab or gujarat alkalies, both up 5% ystday.. but i played gujarat alkali futures from Rs 93...
in Market Analysis - Technical View - radhika_nandlal at 10-Jan-09 08:36
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Market Information
| Indian Indices | Nifty Futures | Global Indices | Market Map | FII Activity | MF Activity |
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 |
| 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) | 4484.55 | 18.19 |
| 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 |
Note: If the market is yet to open, values may show 0.00
