Indian stock market forecast for September 11; Nifty and Sensex in strong trend
Tuesday, September 10, 2013
NIFTYTrend- Flat to strongSENSEXTrend- Flat to strongAdvances- 875 Declines- 311 Unchanged- 54 Tuesday, as expected, Indian stock markets extended the rally for the third straight day as US attack risks on Syria recedes. China reported better than expected IIP numbers. During trade rupee hit two week high, which also helped the markets. Banking stocks once again witnessed buying interest. Telecom stocks gained after TRAI's proposal to cut reserve prices. FII'S were buyers in the market. BSE.......................Read full story from
http://www.stockforyouindia.com/2013/09/indian-share-market-outlook-september11.html
Nifty and Sensex weekly trend analysis for September 10, 2013 to September 13, 2013
Monday, September 9, 2013 NIFTYTrend- Flat to strongSENSEXTrend- Flat to strong Last week, Indian stock markets extended gains for the second straight week due to the key measures announced by the new hero Raghuram Rajan, new RBI Governor. Rupee improved to 65 levels. Sensex gained 650 points and Nifty gained 209 points to close near one month high. Banking sector outperformed this week. BSE benchmark S&P Sensex opened at 18691.83, after seeing a low of 18166.17, went to a high of 19293.96 and closed at 19270.06 (650.34 points or 3.49 per cent higher).S&P CNX Nifty opened at 5480.25 went to a low of 5318.90 and then saw a high of 5688.60 before closing at 5680.40 (208.60 points or 3.81 per cent higher). Short term technical trend of Nifty and Sensex is now upgraded to 'Flat to strong'. Industrial production, manufacturing production,..................Read full story from
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