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Sensex has support at 8912: SKP Securities
Published on Mon, Nov 17, 2008 at 09:12 , Updated at Mon, Nov 17, 2008 at 09:15
Source : moneycontrol.com
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According to SKP Securities' Technical Analysis report, Sensex has support at 8912, 8438, 7609 and resistance at 10215, 11044, 11518. SKP Securities' Technical Analysis report:
To read the full report click on the attachment...... |
Sensex closed at 9385, down by 5.80% and Nifty closed at 2810 down by 5.47% on w-o-w basis. It is evident from the daily chart of the Sensex that the rally which penetrated the descending trend line found resistance at 30 DEMA and start decline form the swing high of 10945 posted on 5th of November 2008. Technically a retracement after a trend line penetration is expected but it should not go below the 61% retracement level of previous rally or most recent confirmed support level, for Sensex those levels are coincided at 9000 and expect market to have some difficulty moving below this level. Both the short and Intermediate KST indicates positive bias for the underlying. Sensex has support at 8912, 8438, 7609 and resistance at 10215, 11044, 11518.Attachments : SKPTechnicalweekender15112008.pdf |
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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
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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