Indian share market outlook for August 21; Temporary bottom on Nifty and Sensex?

Indian share market outlook for August 21; Temporary bottom on Nifty and Sensex?

Tuesday, August 20, 2013 NIFTYTrend- WeakSENSEXTrend- WeakAdvances- 613 Declines- 572 Unchanged- 62 Tuesday Indian stock markets extended losses for the third straight day as rupee weakened further, hit new all time low and breached 64 mark during trade. But later as rupee improved to 63.50 levels by intervention of RBI, Indian indices recovered smartly from morning's sharp fall. It may be an indication that a temporary bottom is found on Indices. To continue the trend Nifty and Sensex must hold above todays low............

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http://www.stockforyouindia.com/2013/08/indian-share-market-outlook-august21.html

Weekly outlook

Nifty and Sensex weekly outlook for August 19 to 23; Below 5400 more weakness is expected

Sunday, August 18, 2013 NIFTYTrend- WeakSENSEXTrend- Weak    Previous week, Indian stock markets witnessed sell off for the fourth consecutive week. Buying interest seen in the market on first three trading days. Thursday was a holiday for Indian markets on behalf of Independence day. After that the guess that US Fed reserve may withdraw the stimulus package with in one month, resulted in global sell off. Despite of RBI movements to save rupee, Rupee fell to all time low. This increased selling pressure. As a result of this Indian markets witnessed the biggest fall in four years on Friday.  BSE benchmark S&P Sensex opened at 18898.94, after seeing a high of 19310.95, went to a low of 18559.65 and closed at 18598.18 (191.16 points or 1.02 per cent lower).S&P CNX Nifty opened at 5606.70 went to a high of 5754.55 and then saw a low of 5496.05 before closing at 5507.85 (57.80 points or 1.04 per cent lower). Short term technical trend of Nifty and Sensex is.....

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http://plus.stockforyouindia.com/2013/08/nifty-sensex-weekly-outlook-august19-august23.html

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