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• Raghav’s Picks:Weekly Technical Outlook for the BSE Sensex and NSE Nifty – 26th August 2007

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  Raghvendra Narendra Dhoot    Group moderator

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  Raghav’s Picks:Weekly Technical Outlook for the BSE Sensex and NSE Nifty – 26th August 2007

  BSE Sensex – Reuters – .BSESN
  NSE Nifty – Reuters Symbol – .NSEI
  
  It was the 1st week of gains after 4 weeks of continuous losses for the Sensex and the Nifty. Barring a few volatile moments, the market activity was largely in-line with the outlook presented last Sunday.
  
  Going forward, the markets can be expected to move higher as the global volatility and the domestic political uncertainty tapers off.
  
  The F&O expiry later in the week should also aid the Bull-cause, given the oversold nature of the markets.
  
  The region of between 13780 and 13870-900 is the long term support level of this Bull market and as long as we trade/close above, there is no threat to the bull run.
  
  The recovery in Brazil, Chile, Hong Kong, China and the US is a positive for the global equity markets as a whole. Europe and parts of Asia, such as Japan, Taiwan etc are still struggling to recover.
  
  The Indian markets are poised just in between the winners and the strugglers.
  
  For detailed market analysis, investment, trading calls and, advisory services with respect to investing in Indian Markets, please mail me on raghav@raghavs-picks.com or use the personal message link: http://www.xing.com/go/privatemessage/RaghvendraNarendra_Dho...
  
  • 26 Aug 2007, 2:16 pm
  Raghvendra Narendra Dhoot wrote: > BSE Sensex – Reuters – .BSESN > NSE Nifty – Reuters Symbol – .NSEI > > It was the 1st week of gains after 4 weeks of continuous losses for > the Sensex and the Nifty. Barring a few volatile moments, the market > activity was largely in-line with the outlook presented last Sunday. > > Going forward, the markets can be expected to move higher as the > global volatility and the domestic political uncertainty tapers off. > > The F&O expiry later in the week should also aid the Bull-cause, > given the oversold nature of the markets. > > The region of between 13780 and 13870-900 is the long term support > level of this Bull market and as long as we trade/close above, there > is no threat to the bull run. > > The recovery in Brazil, Chile, Hong Kong, China and the US is a > positive for the global equity markets as a whole. Europe and parts > of Asia, such as Japan, Taiwan etc are still struggling to recover. > > The Indian markets are poised just in between the winners and the > strugglers. > > For detailed market analysis, investment, trading calls and, advisory > services with respect to investing in Indian Markets, please mail me > on raghav@raghavs-picks.com or use the personal message link: > http://www.xing.com/go/privatemessage/RaghvendraNarendra_Dhoot