The end of recession party ended in huge week's loss.
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Indian stock's technical analysis .Posted by: aarana
There was the party for US stock market,because,US was came out of recession.
One day ahead there was news that,U.S. recover from recession.The giant growth of world's economy in July-September quarter has been recorded with increase at the 3.5 %.
The good news took the investors in celebratory mood.
This scintillating party does not run more.
At the beginning of Friday Sensex was raised for + 2%,but after the sales of bluechip stocks like Reliance Industries and Bharti Airtel,sensed closed at the end of day with -1%.
The Bombay Stock Exchange [BSE] dropped on Friday,down to 156.44 points and reached under the level of 16000 points.
This week ended with all days as seller's days.As there were selling on all working days of the week.
The National stock Exchange Nifty closed at 4711.70 . It was closed at 4750.55 points on Thursday.
The 30-share BSE Sensex opened sharply with 16,135.87 points.
Within couple of minutes ,due to the excited buying, it increased nearly 300 points and reached at the high level of 16,360.88 points.
Just in a while foreign institutional investors [FII] started strong selling in Reliance, Airtel and Infosys.
This is the second week of decline in the market. Stock market still could not handle.
As per my technical point of view,still the market can break more, so investors need to take caution.
After some further decline in the market, then after the new investment should come.
As per my stock trading tactics,still Nifty could break and remain in the range of 200 points.
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aarana.
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I have 1000 shares of Airtel,which were brought at Rs.350,
When I could sell them.Today it's price is less than Rs.300.
If still fall of market goes on what will happen next ?
Thanks for report.
yours.
sonalbenanilkumarrana.
Please keep courage and wait and watch.
yours.
ranasushilaben.
thank you very much.
yours.
aarana.
Thanks for giving guidance.
Yours.
sonalben...
I appreciate your motivation .
thaks for the same.
yours.
aarana.
dollar picked up value on the stock market again after 2 weeks and is going back up. Plus, the Labor government has recruited a former Liberal politician, namely Peter Costello recently retired. Malcolm Turnbull, the
Liberal leader is seething mad because of it. 2/11/2009.
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