Market Analysis – 5/1/09

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 (2^nd Jan):

Sensex:   9958.22        +0.55%                                  

Nifty:       3046.75           +0.44%

 

Predictions for todays trading:

Market Opening (5^th Jan):                     

Sensex:   9960                                    

Nifty:       3035

Market Closing (5^th Jan):                       

Sensex:  10100                                    

Nifty:       3100

 

Today’s Stock Watch: Banking, Finance, IT, Reality, Small cap and Midcap.