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    Eagle Eye 22th June

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    dhamu0202
    The markets continued to decline on June 22, 2009 as persistent selling drove indices lower by the end of the day. The Sensex fell 195 points while the Nifty closed down 78 points, and mid-cap and small-cap stocks also saw losses. Technical indicators show the market is in a trading range and is selling on rises, with resistance at 4300 and 4353. Bears dominated the market breadth with more declines than advances.

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    Eagle Eye 22th June

    Uploaded by

    dhamu0202
    26 views1 page
    The markets continued to decline on June 22, 2009 as persistent selling drove indices lower by the end of the day. The Sensex fell 195 points while the Nifty closed down 78 points, and mid-cap and small-cap stocks also saw losses. Technical indicators show the market is in a trading range and is selling on rises, with resistance at 4300 and 4353. Bears dominated the market breadth with more declines than advances.

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    The markets continued to decline on June 22, 2009 as persistent selling drove indices lower by the end of the day. The Sensex fell 195 points while the Nifty closed down 78 points, and mid-cap and small-cap stocks also saw losses. Technical indicators show the market is in a trading range and is selling on rises, with resistance at 4300 and 4353. Bears dominated the market breadth with more declines than advances.

    Copyright:

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

    Eagle Eye 22th June

    Uploaded by

    dhamu0202
    The markets continued to decline on June 22, 2009 as persistent selling drove indices lower by the end of the day. The Sensex fell 195 points while the Nifty closed down 78 points, and mid-cap and small-cap stocks also saw losses. Technical indicators show the market is in a trading range and is selling on rises, with resistance at 4300 and 4353. Bears dominated the market breadth with more declines than advances.

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

    Sell on rise

    Markets on June 22, 2009: Bears dominate

    After healthy opening markets continue to tank as persistent selling activity continued
    until the final hour of trade leading the indices to end the day on a weak note. Sensex
    ended lower by 195 points, while Nifty closed lower by 78 points. Stocks from the mid-
    cap and small-cap spaces ended the day on a weak note as well, marking losses of about
    0.57% and 0.33% respectively. Hourly chart shows that market is trading within a range
    and market is sell on rise. Resistance is 4300 and above that near 4353. Momentum
    oscillator KST is still in the favor of the bears. Bears with 757 declines and 479 advances
    dominated the market breadth.

    Hourly momentum cycle is on the verge of turning bearish. Our short-term bias is down
    for the target of 4150 with reversal packed at 4450. Also our mid-term bias is down for
    the target of 3870 with reversal placed at 4700.

    While stocks from the oil & gas and metals space led the pack of losers today, stocks
    from the FMCG and capital goods sectors managed to garner investors’ interest. From the
    30 stocks of Sensex ICICI Bank (up 2%), ITC (up 2%) led the pack of gainers, while
    Tata Power (down 5%), Grasim (down 5%) and Reliance Infra (down 4%) led the pack of
    losers.

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