Stocks to watch out for -
Reliance - Reliance has a good support at 1150 and above 1195 it can move till 1260 (weekly basis.) (SL of 1120)
TCS - buy above 474. It has good support at 469 and a resistance at 494 . SL of 463
Other stocks to watch out are -
IDFC
HDFC
Ranbaxy
DLF
Covering all the Daily Updates From The Indian Stock Market To Help You In Investing To Get Maximum Gains.
Monday, March 09, 2009
Morning Cues and Market Briefing 09-03-2009
Good Morning........!!!
Nifty spot will be: 2672,2645,2634,2611,2576,2564
On Friday the Indian Markets recovered a bit with short covering in the end session and gained nearly 1.5% pointsOn both the Indices. US markets on friday closed almost flat with DOWJONES closing in green . Crude would stand aside with gains coming in the last weekahead of the OPEC meeting.Asian markets are trading mixed with SANGHAI gaining more than 1% and HANGSENG losing the same percentage.
Indian markets are expected to open flat to positive and we may seepositive closing today . Do not expect aggresive buying in the marketsas it is struggling to survive witht the volumes touching lows on every trading day. The 2504 levels on the nifty is a good support for the trading range and if this level break with high volumes, we may see nifty below 2380 levels on NIFTY .
We advice members no to go for buys for the short term as the bottom is unknown in the markets . Newscoming from the outside and in the Indian markets are extremely negative. We see some stocks like SATYAM and UNITED SPIRITS to tradehigher today. Watch out for a rebound in banking , IT , Metal and realty stocks as the sectors are in oversold position.
Nifty spot will be: 2672,2645,2634,2611,2576,2564
On Friday the Indian Markets recovered a bit with short covering in the end session and gained nearly 1.5% pointsOn both the Indices. US markets on friday closed almost flat with DOWJONES closing in green . Crude would stand aside with gains coming in the last weekahead of the OPEC meeting.Asian markets are trading mixed with SANGHAI gaining more than 1% and HANGSENG losing the same percentage.
Indian markets are expected to open flat to positive and we may seepositive closing today . Do not expect aggresive buying in the marketsas it is struggling to survive witht the volumes touching lows on every trading day. The 2504 levels on the nifty is a good support for the trading range and if this level break with high volumes, we may see nifty below 2380 levels on NIFTY .
We advice members no to go for buys for the short term as the bottom is unknown in the markets . Newscoming from the outside and in the Indian markets are extremely negative. We see some stocks like SATYAM and UNITED SPIRITS to tradehigher today. Watch out for a rebound in banking , IT , Metal and realty stocks as the sectors are in oversold position.
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