Market Analysis –

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 (9^th Jan):

Sensex:   9406.47        -1.88%                                   

Nifty:       2873.00           -1.65%

 

Predictions for todays trading:

Market Opening ( 12^th Jan):                  

Sensex:   9250                                    

Nifty:       2780

Market Closing (12^th Jan):                     

Sensex:  9050                                     

Nifty:       2650

 

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