Bulls to score for the second day in a row Stocks on Dalal Street are likely to see a strong day after gainng more than 1.5 percent on Thursday. There is a strong chance that the Sensex breaches 15,500 level today as money from the sidelines starts to flow in.
Wall Street Thursday had its highest finish so far this year, although the euphoric gains of the morning dropped near the end of trading. Bulls got a boost from better than expected jobless claims data.The technology laden Nasdaq finished at 1,984.30, up 16.54 points or 0.84 percent.The Dow Jones Industrial Average rose 83.74 points or 0.92 percent close at 9,154.46. We have seen a strong move on the Sensex yesterday and a great deal of buying was seen in the frontliners. We have seen midcaps underperforming against our prediction. We still believe that there is lot of scope for the midcaps. If you want to remain invested in the market, better be in the midcap space. IT as expected outperformed the rest of the pack and Banking was another bright spot in the market yesterday. We see Oil and Gas sector, Metals and Auto to be out performers. Crude prices made up the lost ground and crossed $67 dollars a barrel. Good set of numbers from Mahindra and Mahindra and positive mood in the auto sector globally might give a leg up to the auto and auto ancilliary stocks. "USE EVERY RISE TO BOOK PROFITS" "ALWAYS KEEP STRICT STOPLOSS TO AVOID HUGE LOSS" Key Levels for Today Trade: NIFTY INDEX Resistance : 4583 / 4637 / 4650 / 4676 / 4690 NIFTY INDEX Support : 4564 / 4523 / 4502 / 4475 / 4424 Mean : 4573.5 Key Numbers for NIFTY on upside 4583 / 4650 / 4690 Key numbers for NIFTY on down side 4564 / 4502 BANK NIFTY INDEX Resistance: 7479 / 7570 / 7661 / 7759 BANK NIFTY INDEX Support :7280 / 7186 / 7092 Mean : 7379.5 Previous Close Box: BSE Sensex 15387.96 214.50 NSE Nifty 4571.45 57.95 USD Rs.48.49 Oil Nymex $67.01 --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups "Kences1" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [email protected] For more options, visit this group at http://groups.google.com/group/kences1?hl=en -~----------~----~----~----~------~----~------~--~---
