The markets
are likely to open gap down due to weak global cues on
account of the CRR hike by RBI and poor US economic data. US
markets have ended down by 1.4% or almost 200 points,
while Nikkei and Hang Seng are down by 250 and 350
points respectively. FIIs have been net sellers on
Thursday to the tune of Rs 1670 crores (provisional).
Meanwhile, crude oil has further inched up and is
currently trading at $96.9 a barrel.
.............
TECHNICAL TRENDS 27 August 2009
NIFTY is currently trading
at 2766 and in near future it will find support at 2730 and 2600. Once
market remain above 3010 then we will see some more gain in the
NIFTY with target of 3310 and 3450. While on BSE the broad trading range is
15000 - 17900. Sensex will take support at 8900 and 8150 On the upward
side the resistance is at 9700 and 9250. These are broad trading range
and investors and traders are advised to go for day to day developments
to choose their trading strategies. We provide stock picking keeping all
factors in mind on daily basis.
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Scrolling Text
Sterlite (BUY)
Target Price: 580Sector: Non ferrous Metal
Outlook:
Positive due to robust growth in metal
business and other multi products offering. Price:345-340
MARKET
OUTLOOK 
NIFTY is currently trading
at 2766 and in near future it will find support at 2730 and 2600. Once
market remain above 3010 then we will see some more gain in the
NIFTY with target of 3310 and 3450. While on BSE the broad trading range is
15000 - 17900. Sensex will take support at 8900 and 8150 On the upward
side the resistance is at 9700 and 9250. These are broad trading range
and investors and traders are advised to go for day to day developments
to choose their trading strategies. We provide stock picking keeping all
factors in mind on daily basis.
