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Showing posts with label Weekly Technicals. Show all posts
Showing posts with label Weekly Technicals. Show all posts
Saturday, May 17, 2014
Sunday, September 23, 2012
Friday, April 13, 2012
Saturday, April 07, 2012
Monday, March 12, 2012
Sunday, November 27, 2011
Market may remain weak
The markets continued their southbound journey for the fourth straight week. The Sensex registered a fresh two-year low at 15,479 - down 900 points for the week. The BSE benchmark index witnessed some recovery towards the end of the week, and finished with a loss of 512 points at 15,859.
In the process, it has plunged 11 per cent (1,947 points) in the last four straight weeks.
Saturday, November 12, 2011
Sunday, October 30, 2011
Saturday, October 15, 2011
Saturday, October 01, 2011
Sunday, September 25, 2011
Weekly Technical Analysis - Sep 25 2011
Markets slumped in the latter half of the week, after the US Federal Reserve's statement renewed fears of a double-dip recession in the US. Also, the Fed's proposed new package, termed as 'Operation Twist', to buy long-term bonds and sell short-term bonds worth $400 billion did not inspire any confidence in investors worldwide.
Monday, August 15, 2011
Weekly Technical Analysis - Aug 15 2011
After sending a sell signal last week, the Sensex touched a low of 16,420 — down nearly 900 points for the week. The index, thereafter, consolidated and finally ended on Friday at 16,840, losing 466 points.
Among the index stocks, Tata Group stocks (Tata Power, Steel, Motors and TCS) witnessed heavy selling and were down 10-12 per cent. Infosys, Hindalco, Wipro, Bharti Airtel and Sterlite were the other major losers. Auto stocks, however, bucked the trend. Mahindra & Mahindra zoomed 13 per cent to Rs 740. Hero MotoCorp, Maruti Suzuki and Bajaj Auto ended with gains of four to six per cent each.
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Saturday, June 25, 2011
Sunday, April 10, 2011
Sunday, March 13, 2011
Sunday, March 06, 2011
Further strength likely above 5,570
The markets staged a strong comeback on the back of a populist Budget. The Sensex rallied 1,000 points during the week, from a low of 17,719 to a high of 18,737. The BSE benchmark index finally ended with a gain of 786 points at 18,487.
Among the index stocks, Mahindra & Mahindra zoomed nearly 14 per cent to Rs 676. Maruti and ITC also soared over 10 per cent each. HDFC, HDFC Bank, Bajaj Auto, Reliance Communications, Larsen & Toubro, Tata Motors, BHEL, Jaiprakash Associates, NTPC, Jindal Steel and Hindalco gained 5-9 per cent each. Reliance Infrastructure down 5 per cent was the only major loser.
Sunday, January 23, 2011
Markets indicate bounce is overdue
The Sensex exhibited choppy movement in a rather narrow trading band this week. The BSE benchmark index from a low of 18,779, rallied to a high of 19,167, and eventually ended with a gain of 147 points at 19,008. The intra-week range was just 390 points as against 908 points and 1,035 points in the preceding two weeks.
The good news is that the Sensex managed to hold its head above the 200-DMA (Daily Moving Average) on the daily charts, which is now at 18,717. And secondly, it also took support close to the lower end of the Bollinger Band on the weekly charts, which is 18,745. Further lower, the Sensex has support at 18,400, the medium-term (50-weeks) moving average. Deeper down, the index has strong support around 18,425 as per the yearly Fibonacci chart.
Sunday, December 19, 2010
Bulls gaining strength
Among the Sensex 30 stocks, Tata Motors zoomed eight per cent to Rs 1,348, and Tata Steel surged seven per cent to Rs 659. Reliance Infrastructure, Tata Consultancy Services, Sterlite, Infosys, Wipro, Hindalco and Bharti Airtel were the other major gainers — up four-six per cent each. On the other hand, Hero Honda and Mahindra & Mahindra plunged nearly six per cent each to Rs 1,679 and Rs 733, respectively. Jindal Steel, Maruti Suzuki and Bajaj Auto were the other prominent losers.
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