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    Eagle Eye 1st July

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    dhamu0202
    The Indian markets ended the day in green, with the Sensex gaining 151 points and Nifty higher by 49 points. Mid-cap and small-cap stocks also saw gains of 1% and 0.3% respectively. The intraday KST maintained a bearish stance, revising the short-term bias down to a target of 4000 with reversal at 4440. The mid-term bias also remained intact on the downside with a target of 3870 and reversal at 4700. Gains were seen across various sectors led by realty, banking and auto stocks.

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    Eagle Eye 1st July

    Uploaded by

    dhamu0202
    17 views1 page
    The Indian markets ended the day in green, with the Sensex gaining 151 points and Nifty higher by 49 points. Mid-cap and small-cap stocks also saw gains of 1% and 0.3% respectively. The intraday KST maintained a bearish stance, revising the short-term bias down to a target of 4000 with reversal at 4440. The mid-term bias also remained intact on the downside with a target of 3870 and reversal at 4700. Gains were seen across various sectors led by realty, banking and auto stocks.

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    Eagle eye 1st july

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    The Indian markets ended the day in green, with the Sensex gaining 151 points and Nifty higher by 49 points. Mid-cap and small-cap stocks also saw gains of 1% and 0.3% respectively. The intraday KST maintained a bearish stance, revising the short-term bias down to a target of 4000 with reversal at 4440. The mid-term bias also remained intact on the downside with a target of 3870 and reversal at 4700. Gains were seen across various sectors led by realty, banking and auto stocks.

    Copyright:

    © All Rights Reserved
    Download as DOC, PDF, TXT or read online from Scribd
    Download as doc, pdf, or txt
    17 views1 page

    Eagle Eye 1st July

    Uploaded by

    dhamu0202
    The Indian markets ended the day in green, with the Sensex gaining 151 points and Nifty higher by 49 points. Mid-cap and small-cap stocks also saw gains of 1% and 0.3% respectively. The intraday KST maintained a bearish stance, revising the short-term bias down to a target of 4000 with reversal at 4440. The mid-term bias also remained intact on the downside with a target of 3870 and reversal at 4700. Gains were seen across various sectors led by realty, banking and auto stocks.

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    © All Rights Reserved
    Download as DOC, PDF, TXT or read online from Scribd
    Download as doc, pdf, or txt
    of 1

    Bear stance intact

    Markets on July 1, 2009: Sell at 4370

    Although the Indian markets remained choppy during the day, they managed to end the
    day in green. Sensex ended with gains of 151 points, while Nifty ended higher by 49
    points. Stocks from the mid-cap and small-cap spaces ended the day on a positive note as
    well, recording gains of 1% and 0.3% respectively. The overall day of bulls was just a
    pullback to the previous trend line break, which is a good trading opportunity to go short.
    Hurdle of 20-hourly simple moving average is still intact. Upside resistance is still
    pegged at 4370, where traders should look for building fresh short positions. Daily
    momentum cycle is still in the sell mode. The overall market breadth was in the favor of
    the bears with 612 declines and 597 advances.

    Intraday KST continue to maintain its bear stance. Our short-term bias is revised down
    for the target of 4000 with reversal packed at 4440. Also our mid-term bias is intact on
    the downside for the target of 3870 with reversal placed at 4700.

    Apart from stocks from the consumer durables space, buying activity was witnessed in
    stocks across the board, led by the realty, banking and auto spaces. From the 30 stocks of
    Sensex DLF (up 5%), Mahindra & Mahindra (up 3%) and Reliance Infra (up 3%) led the
    pack of gainers, while Hindalco (down 4%) and ONGC (down 1%) led the pack of losers.

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