This is what yahoo Finance wrote after the market on 03-02-2009.Compare with our forecast
for 03-02-2009.
Bourses rebound as refiners, banks lead Sensex recovery
Tue, Feb 3 05:06 PM
Mumbai, Feb 3 (PTI) In volatile trading, the Bombay Stock Exchange benchmark Sensex today ended higher by over 82 points on late buying in bluechips, led by the refinery and banking segments, and firming Asian bourses. The Sensex, which commenced the day with heavy losses, rebounded by 82.60 points at 9,149.30, on fag-end buying in leading stocks like Reliance Industries and ICICI Bank, spurred by firming trends in overseas markets amid speculation that the interest rate cuts would spur economic growth.
Today the markets are expected to follow the pattern of yesterday but with more
firm trends.The critical points for today are 10.12,11.16,11.20,11.49,12.0,12.27,
13.02,13.24,13.41,14.20 and 15.05.Note the trends at these points and trade accordingly.Weak trends my develop at10.43,11.05,12.01,13.28,14.37 etc.
Nifty is likely to find support at 2776,2769,2762,2740,2705 etc. and find resistance
at 2791,2798,2805,2827,2862 etc.
These forecasts are only for general information .Market actions will be at the risk
of the individuals.
vidyaabhaarati.
for 03-02-2009.
Bourses rebound as refiners, banks lead Sensex recovery
Tue, Feb 3 05:06 PM
Mumbai, Feb 3 (PTI) In volatile trading, the Bombay Stock Exchange benchmark Sensex today ended higher by over 82 points on late buying in bluechips, led by the refinery and banking segments, and firming Asian bourses. The Sensex, which commenced the day with heavy losses, rebounded by 82.60 points at 9,149.30, on fag-end buying in leading stocks like Reliance Industries and ICICI Bank, spurred by firming trends in overseas markets amid speculation that the interest rate cuts would spur economic growth.
Today the markets are expected to follow the pattern of yesterday but with more
firm trends.The critical points for today are 10.12,11.16,11.20,11.49,12.0,12.27,
13.02,13.24,13.41,14.20 and 15.05.Note the trends at these points and trade accordingly.Weak trends my develop at10.43,11.05,12.01,13.28,14.37 etc.
Nifty is likely to find support at 2776,2769,2762,2740,2705 etc. and find resistance
at 2791,2798,2805,2827,2862 etc.
These forecasts are only for general information .Market actions will be at the risk
of the individuals.
vidyaabhaarati.
plz post separate timings for upside & downside
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