Nifty and Sensex outlook for September 20; may trade cautious till monetary policy announcement

Nifty and Sensex outlook for September 20; may trade cautious till monetary policy announcement Thursday, September 19, 2013 NIFTYTrend- StrongSENSEXTrend- StrongAdvances- 837 Declines- 335 Unchanged- 65 Thursday, Indian stock markets witnessed a heavy rally after US Fed yesterday decided to continue the stimulus packages. Global markets also traded in green. The value of rupee against dollar improved to one month high. All these contributed to the rally and Sensex and Nifty closed with above three and half per cent gain. Sensex hit three year high during trade. Tomorrow Indian markets may trade cautious ahead.........................

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Nifty and Sensex weekly trend analysis for September 16, 2013 to September 20, 2013

Sunday, September 15, 2013 NIFTYTrend- Flat to strongSENSEXTrend- Flat to strong   Last week, Indian stock markets extended gains for the third consecutive week. There are several factors helped the markets to outperform. Among them the upward momentum on rupee and easing US attack fear on Syria played key role. Foreign funds were buyers in the market. But last two days of the week witnessed some weakness and volatility ahead of the upcoming US Fed meet. PM's key financial adviser Rangarajan scaled down the GDP growth estimate for the current financial year to 5.3 per cent from 6.4 per cent. How ever .............

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