The Indians markets are hovering over the 9000 levels in Sensex for sometime now. It was a good week when Sensex gained 2.4% and nifty gained 3.2%. Realty was the best sector with over 10% rise above other. Sensex closed at 8967 levels and nifty at 2807 levels. The stock in news last week was Akruti city which saw a upward movement till 2364 levels to fall back to 1600 levels in a single day with a fall of over 25%.

Akruti city is likely to fall further as all F&O activities will cease to exist from the next month, like what happened in Satyam. Currently the Asian markets have opened firm with Nikkei-225 gaining 2.08% currently and Strait Times up by 1.14%. Reacting  to this the Indian markets are expected to open up in themorning session. Its time to keep partial profit booking on.

A 9000 level in sensex and 2800 on nifty are crucial for the markets as they are strong resistance levels as of now. If they sustain to close above this figures for sometime, then we can see the rally sustaining. Some intra day calls to look out for would be educomp, ICICI,Reliance Infra,Essar Oil etc.

Powered by

Related posts:

  1. Indian Markets To Open Firm And Intra Day Calls For Jan 27,2009
  2. Markets Open Firm On Monday Morning
  3. Indian Share Markets To Open Weak: Asian Markets In Deep Red
  4. Markets Open In A Weak Note
  5. Markets Open Gap Down And Recovers Back Partially:US Stock Futures Advance
  6. Another 3 Consecutive Days Of Fall:Fed Rate Cut Announced,Will Markets Firm Up Finally?

Enter your email ID and subscribe to get similar articles in your mail

Delivered by FeedBurner