Nifty, Sensex intraday trend analysis for September 27; Still in support zone
Thursday, September 26, 2013
NIFTYTrend- Flat to volatileSENSEXTrend- Flat to volatileAdvances- 610 Declines- 533 Unchanged- 82 Thursday, Indian stock markets once again traded volatile on the day of f&o expiry. Sensex and Nifty started with a flat note at morning witnessed some buying on last one and half hours of trade, but erased most of it's gains before close. Easing of RBI norms to provide swaps to banks which borrows overseas funds, boosted the market sentiment. Sun Pharma hit 52 week high after rival Janssen...................................Weekly Outlook
Nifty and Sensex weekly trend analysis for September 23, 2013 to September 27, 2013
Sunday, September 22, 2013 NIFTYTrend- Flat to volatileSENSEXTrend- Flat to volatile Last week, Indian stock markets started with a sell off, but after that a two day short covering and a single day strong rally after US Fed's decision to continue the stimulus packages led Sensex to three year high on Thursday. As a result of this even after the last day selling Nifty and Sensex managed to extend the gains for the fourth consecutive week. The US Fed decision was unexpected by the market which was a boost to the markets last week. But in another unexpected move RBI decided to hike repo rate, which led the markets to a huge sell off. After that Fitch Ratings cut India's growth forecast for current financial year. All these may lead Indian markets to high volatility in coming week, unless a break out or break down occurs. BSE benchmark S&P Sensex opened at 19977.38, after seeing a low of 19596.15, went to a high of 20739.69 and closed at 20263.71 (530.95 points or 2.69 per cent higher).S&P...
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