Sensex finding support at 16250
The market closed just above 16250 today at 16316.26. When the overall sentiment was low during the early days of the week, Sensex was expected to breach the support at 16000. Oil price ease and Futures contracts square off lifted the sentiments yesterday. Market lost more than 200 points today.FIIs are reportedly pulled out a huge sum of money from the market, the effect of which will be known only on Friday 30 May 2008 when the Futures market open for fresh contracts. Given this gloomy outlook for the next week, Sensex should find supports at 16250 and down from there at 16000, the key figure that might trigger trend reversal.It is the market movement on 30th May that is going to decide this from now. Lets wait and watch!
Labels: bse-index, sensex-forecast
posted by TrendCues.com @ 3:48 PM
3 Comments:
At June 20, 2008 4:33 PM ,
www.ShareTipsInfo.com Team said...
Dear Visitors,
This blog is really nice and informative. We are pleased to know this blog is really helping people. Its our pleasure to post informative content on this useful blog created by webmaster.
Today that is 20-June-08 Inflation data has broken the records of past 13 years. Today declared Inflation was 11.05% which is too high. From last one month market is in no trade zone. Everyone is feeling pain from market response.
Just watch
The Sensex has lost more than 27% since its January peak, and trading volumes are down 46%.
Investors has lost there 70% of portfolio .
But still we say there are many undervalued stocks which can be used for investment.
To name few
1. DIGJAM
2. SBI
Most of the stocks are trading near to there 52 weeks lows. There are many fundamentally strong scripts too that are trading at lower levels. One can buy and hold them.
Nifty is expected to correct bit more and after that we can say market will be bullish. As this correction was overdue reason being if we observe in past months speculated stocks whose fundamentals are zero has also shown tremendous upward rallies in the market and now again they are trading at there real values. But still investors are trapped in them and no one is sure those scripts will ever reach those highs or not.
Stock market is a ocean where there are many pearls ( here scripts) so one need to select the best one. We strongly recommend if you are not intraday trader but investor then do go through company fundamentals and then invest.
For any query feel free to contact us.
Regards
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At September 8, 2008 1:41 PM ,
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At May 21, 2009 10:46 AM ,
Anonymous said...
i,
It’s a well know fact that stock market is affected by elections and now Election 2009 are about to begin in some time so for sure they will also have some sort of impact on Indian stock market.
One can find complete report on Impact of elections on stock market Apart from Elections another major concern for Indian stock market is Inflation. There was a time when we were concerned about rising inflation but now we are conscious about this falling inflation.
So big question is what should day traders and investors do?
Frankly speaking day traders are least concerned about the market they simply follow trend and make maximum out of it. But yes investors should keep there portfolio light till the elections get over.
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