Market Analysis – 7/1/09

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 (6^th Jan):

Sensex:   10335.93      +0.59%                                  

Nifty:       3112.85           -0.28%

 

Predictions for todays trading:

Market Opening ( 7^th Jan):                    

Sensex:   10300                                              

Nifty:       3095

Market Closing (7^th Jan):                       

Sensex:  10500                                    

Nifty:       3150

 

Today’s Stock Watch: Oil and Gas, Banking sector.