Indian share market outlook for August 12; Death cross makes Nifty, Sensex more weak

Indian share market outlook for August 12; Death cross makes Nifty, Sensex more weak

Sunday, August 11, 2013

NIFTYTrend- WeakSENSEXTrend- WeakAdvances- 824 Declines- 346 Unchanged- 63 Thursday, after a weak start, Indian stock markets witnessed some short covering ahead the end of holiday shortened week. The sell off in some sectors continued, but banking stocks got some momentum. 50 day Simple Moving Average of Nifty went below 200 Simple Moving Average level during trade (Death Cross). Though this increases the weakness, Rupee's close at 60.87 is positive. As far as Nifty keeps 5500, there is...

Read full article to know next support and resistance levels
http://www.stockforyouindia.com/2013/08/indian-share-market-outlook-august12.html

Weekly Outlook

Nifty and Sensex weekly trend analysis for August 12 -16, 2013; Weak, but a rally possible

Sunday, August 11, 2013 NIFTYTrend- WeakSENSEXTrend- Weak   Last week, Indian stock markets witnessed sell off for the third week in a row.  Rupee worries once again hit the markets. The fear that Federal reserve may withdraw stimulus package any time also affected the markets. SMA fifty went below SMA 200 (Death cross) during this week's trade. This may affect the market in coming days. FII selling increases weakness.But improvement of Rupee to 60.87 is a positive factor. If the markets hold ..

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http://plus.stockforyouindia.com/2013/08/nifty-sensex-weekly-trend-august12-august16.html

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