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Nifty Eod Charts.Click to enlarge..
NIFTY EOD WEEKLY ANALYSIS
BSE Sensex: (14635) we said ‘so far the trend is still intact up and I would watch the crucial support at 14080 and trade long’ and the market closed positive near its high…technically the trend is still intact up and we may see an assault on the recent high…
We said ‘The trading pattern for the week though positive has thrown a crucial support at 13611 and I would maintain the trend as still intact up as long 13611 holds’
Again the week was good. A woofing 200 points upside on NIFTY.
banking sector growth is very comfort-lable.BANK OF INDIA out-performar in 3years bull-market. in these days his price is very low PE.and his yearly financialy performance very high.so we expect and surely we can say that his performance be continue..and compare to BANK OF BARODA his price very low. so this week we can see increasable performance in his SHARE PRICE.So u must buy BANK OF INDIA his price 337 and target is 430.
Last week we saw NIFTY zooming up.
Last week NIFTY closed at 4238 and this week at 4448.85 a major gain again.
FII’s participation was excellent.
NIFTY TRIN at 0.24
NIFTY Range – Between 4210 to 4645
The Indian markets have seen a massive bounceback from their lows in October and March. There have been many a debates on whether the market is currently witnessing a bear or a bull market rally. In an excusive interview with Ruchir Sharma, Head of Emerging Markets at Morgan Stanley Investment Management, said that the Indian markets were currently in a cyclical bull market and that he expected the bounce to be about 50-100%. When asked what a cyclical bull market meant, he said: “A bull market means that you’re starting a new era where the highs of the old bull market are going to be taken out. Instead there is a middle path, which is what we call a cyclical bull market within a structural downtrend.” However, Sharma added that by the year end or next year, the market would come down again as the structural problems had not yet been cleared. “As the duration of this bear market still hasn’t been long enough to set the scene for a new bull market to begin.”
what is the short term target of anu lab?
Monthly income of average Indian crosses Rs 3,000: CSO
The monthly income of an average Indian for the first time in the country’s history has crossed Rs 3,000, thanks to economic reforms and a high growth rate of above 9 per cent achieved for three years since 2005-06.
Voltas has announced its FY09 results. The company’s FY09 net profit was at Rs 253 crore.
Bharat Petroleum Corporation, BPCL has announced its fourth quarter results. The company’s Q4 net profit was up at Rs 3,628 crore versus Rs 58.4 crore.