Intraday and Short term Outlook 31 Oct www sathiamoorthy com
D Sathia Moorthy
31, October
Nifty (spot) 2697.05
Market Outlook and day trading ideas for 31st Oct
Source: – www.IndianMoneyplus.Com
US markets rallied 2% on an average.
Asia had a good time yesterday but unfortunately we were closed yesterday so we missed the upside due to FED’s rate cut.
We missed an upside of an average of 400 points on Sensex.
We are ought to open either flat or mostly positive.
Though Asia has opened negative.
The support for the Sensex is 8910-8740 and the resistance to the up Read more
Be Cautious and tread safe
We have seen good gains in Asian Markets but that was yesterday. US markets were trading lower on Wednesday but closed up 180 points today. So be cautious today as the Asian Markets are suggesting we may see some selling and profit booking. We should look at 9200 levels for initial support, above 9500 we can see a decent upside rally. Basically there will be more opportunities to buy low so if today you feel to book profits don’t think twice.
connect with me on www.sto Read more
MARKET ALERT Asian shares surge South Korea soars record 12
Global stock indexes soared Thursday, buoyed by new efforts the world’s central banks are taking to battle the slumping global economy.
In Asia, major markets posted double-digit percentage gains. Japan’s Nikkei index climbed 10% while Hong Kong’s Hang Seng index surged 12.8%. In Seoul, the KOSPI shot up a record 12%..S. futures, which give an indication of how markets may open when trading begins in New York, were sharply higher.< Read more
3 favorite counters where bulls thrive
Source: – www.IndianMoneyplus.Com
Praj Industries: The stock of the biofuel technology company has declined more than 60 per cent in the past year and it is now quoting close to its 52-week low of Rs 73. Rakesh Jhunjhunwala had increased his stake from 5.39 per cent to 6.26 per cent in the September 2008 quarter. Currently, the market value of his holding in Praj is close to Rs 95 crore, whereas the stock price Read more
Fed cuts key interest rate half point to 1 percent
The Federal Reserve has slashed a key interest rate by half a percentage point as it seeks to revive an economy hit by a long list of maladies stemming from the most severe financial crisis in decades.The central bank on Wednesday reduced its target for the federal funds rate, the interest banks charge on overnight loans, to 1 percent, a low last seen in 2003-2004. The funds rate has not been lower since 1958, when Dwight Eisenhower was president.
The cut marked the second half-point reducti Read more
Keeping the market and ourselves honest in this bear rally
Look at some of the stocks, Tata Motors, DLF, RCOM they were beaten down to death until recently and suddenly in the last 2 trading sessions we are saw them registering 10% plus gains. I strongly believe that Sensex is trading in a Band, between 7800 and 9200. If we can break 9500 then I am interested for the rally to sustain until end of year. Is the rally for real?
Read more
Intraday and Short term Outlook for 29 October www sathiamoorthy com
October 29, 2008
Market Outlook and day trading ideas for 29th Oct
Source: – www.IndianMoneyplus.Com
US markets rallied almost 11% on the higher side.
Dow has crossed 9K mark and so has the Sensex.
Asia is trading Green.
Europe had a good time around.
We will see a gap up opening on Sensex and Nifty.
I expect this is a short covering.
Impressive gains on Festive times.
The support for the Sensex is 8740 and the resistance to the up move is at 9291-9784< Read more
Stocks surge as investors hunt for bargains
Stocks surge as bargain hunters set aside worries about weak consumer confidence reading
Wall Street made another big late-day move Tuesday, barreling higher and lifting the Dow Jones industrials more than 600 points as bargain hunters, buying in anticipation of a Federal Reserve rate cut, grabbed stocks that have been pounded lower in recent sessions. All the major indexes were up at least 6 percent. Read more
Subscribe VIA eMail
Follow us on Twitter
Subscribe VIA eMail
SB Community Picks- Advt... Still paying for Stock tips that do not work? Try DLNGroup.com March 22, 2010
- Buy BAJAJELEC March 21, 2010
- Buy TULSYAN March 21, 2010
- Buy S kumars nationwide ltd March 21, 2010
- Buy S kumars nationwide ltd March 21, 2010
Follow us on Twitter
