Non Resident Indian Business Forum

Non Resident Indian Business Forum

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  • Raghvendra Narendra Dhoot
    Raghvendra Narendra Dhoot    Group moderator
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    Raghav’s Picks : Weekly Technical Outlook for the BSE Sensex and NSE Nifty – 2nd September 2007
    BSE Sensex – Reuters – .BSESN
    NSE Nifty – Reuters Symbol – .NSEI

    Last week, the Sensex and the Nifty rose by over 890 and 270 points respectively over the preceding week. The rise was supported by significantly higher volumes. The market activity was largely in-line with the outlook presented last Sunday.

    Going forward the near term target of 15590-15600 looks to be attained in the coming week. However this region is a resistance zone and we could see some consolidation around these levels, before moving towards 16000.

    The short term trend will remain positive as long as the Sensex stays above the 15000.

    For detailed market analysis, investment, trading calls and, advisory services with respect to investing in the Indian Markets, please mail me on raghav@raghavs-picks.com or use the personal message link: http://www.xing.com/go/privatemessage/RaghvendraNarendra_Dho...
    • 02 Sep 2007, 2:32 pm
  • Amarendra Dhiraj
    Amarendra Dhiraj    Group moderator
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    Re: Raghav’s Picks : Weekly Technical Outlook for the BSE Sensex and NSE Nifty – 2nd September 2007
    Hi Narendra

    Thank you for posting your Technical Outlook.

    Cheers
    • 02 Sep 2007, 6:52 pm