January 13, 2009
Archana’s Analysis: I think down rally is being started again as global cues are negative right now. Market will trade in negative terrain with 400-500 pts down on sensex and 150-200pts down on nifty. Market is sentimental and will see heavy selling today. US, European and Asian market were down yesterday and we will see gap down opening today. Crude is come down in red, i.e, $37.24/barrel. I think only this news is positive right now rest recession has swallowed the world.
Market will trade weak today in fact will worsen the condition. After Satyam, its now Wipro which is under surveillance. Worldbank had barred them for 5 years, for not providing proper documents. IT stocks will be down today, and of course much depends on Infosys quarter results too.
Market Closing (12th Jan):
Sensex: 9110.05 -3.15%
Nifty: 2773.10 -3.60%
Predictions for todays trading:
Market Opening ( 13th Jan):
Sensex: 8980
Nifty: 2720
Market Closing (13th Jan):
Sensex: 8650
Nifty: 2620
Today’s Stock Watch: Oil and Gas, IT stocks and Banking sector.
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Posted by Archana Dange
January 12, 2009
Archana’s Analysis: Sensex will see strong support at 8900 when market opens. There will be gap down opening with almost 250 pts down on sensex. Market is highly volatile but still trading could be seen later today, Nifty has got strong support at 2500 and resistance at 2650.
Market will trade weak today in fact will worsen the condition. Satyam had puled down the market and even today it will have impact on our market. IT and oil and gas stocks will be good buy for today.
Market Closing (9th Jan):
Sensex: 9406.47 -1.88%
Nifty: 2873.00 -1.65%
Predictions for todays trading:
Market Opening ( 12th Jan):
Sensex: 9250
Nifty: 2780
Market Closing (12th Jan):
Sensex: 9050
Nifty: 2650
Today’s Stock Watch: Oil and Gas, IT stocks and Banking sector.
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Posted by Archana Dange
January 8, 2009
Indian outsourcer Satyam has seen its shares plummet by about 40 per cent since a botched attempt two weeks ago to buy two infrastructure firms in which management held stakes and after news that it has been barred from doing business with the World Bank.
However, shares in Satyam Computer Services rose on Monday after it said it would consider more options to improve shareholder value and business practices, including strengthening corporate governance.
Here’s tracing the rise and fall of India’s fourth largest IT services provider.
For more information, click here
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Posted by Archana Dange
January 8, 2009
Archana’s Analysis: Expect to see gap down opening as market mayhem continues. Satyams fraudulent of Rs 7000 Crore made sensex plunges to 9500 mark down, almost by 750 pts. Global cues are also coming weak and even US market closed in red. Nifty will open 100pts down and has support at 2850. The other bad news was, Satyam was pulled out from nifty and is being replaced by reliance group. Still more worst things are going to unfold in near future!
market will be close today will resume on friday. Hope it doesn’t turned out to be black friday, again. Reliance group, oil and gas sector will see heavy buying’s.
Market Closing (7th Jan):
Sensex: 9586.88 -7.25%
Nifty: 2920.40 -6.59%
Predictions for todays trading:
Market Opening ( 9th Jan):
Sensex: 9300
Nifty: 2880
Market Closing (9th Jan):
Sensex: 9450
Nifty: 2880
Today’s Stock Watch: Reliannce group, Oil and Gas and Banking sector.
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Posted by Archana Dange
January 7, 2009
Archana’s Analysis: Sensex will see flat opening with support at 10300 and hold nifty at 3990. Market looks choppy today as crude prices are gone up, even though US market closed in green. Market will see some hopes from stimulus package which President of US is going to unfold. Anyhow bailout package won’t help much to control economic crisis but still will see good trading.
RNRL, oil and gas sector will see heavy buying’s. Even banks can book profits at every up rally.
Market Closing (6th Jan):
Sensex: 10335.93 +0.59%
Nifty: 3112.85 -0.28%
Predictions for todays trading:
Market Opening ( 7th Jan):
Sensex: 10300
Nifty: 3095
Market Closing (7th Jan):
Sensex: 10500
Nifty: 3150
Today’s Stock Watch: Oil and Gas, Banking sector.
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Posted by Archana Dange
January 5, 2009
Archana’s Analysis: Bull rally will continue for a while. Global cues are positive, hoping sensex to open flat with gain in later half. Sensex has resistance at 1150 and support at 9900. Nifty has resistance at 3120 and support at 3000. US market closed in green with Dow topping 9000mark in new year.
Book profits at every short and intraday. Bull rally will continue this week hopefully.
Market Closing (2nd Jan):
Sensex: 9958.22 +0.55%
Nifty: 3046.75 +0.44%
Predictions for todays trading:
Market Opening (5th Jan):
Sensex: 9960
Nifty: 3035
Market Closing (5th Jan):
Sensex: 10100
Nifty: 3100
Today’s Stock Watch: Banking, Finance, IT, Reality, Small cap and Midcap.
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Posted by Archana Dange
January 2, 2009
Archana’s Analysis: Well, first day of the year started quiet good. Market had positive rally with sensex and nifty closing in green. Global cues are positive this time hopefully will continue this week. It sems, this year, Nifty will have a strong support at 2300 and will face resistance at 3500. If it breaks the resistance, it can rise up to 4200.
Sensex has got strong support at 9920 and will face resistance at 10100. Market had good kickoff hope it sustains.
Market Closing (1st Jan):
Sensex: 9903.46 +2.66%
Nifty: 3033.45 +2.45%
Predictions for todays trading:
Market Opening (31st Dec):
Sensex: 9940
Nifty: 3020
Market Closing (31st Dec):
Sensex: 9990-10100
Nifty: 3090
Today’s Stock Watch: Banking, Finance, IT and Small cap and Midcap.
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Posted by Archana Dange
