Thread: The sensex this week.

I suppose the markets are stabilising at this level. It is more of wait and watch for retail Investors overall the Sensex gained 1.3% and Nifty gained 2.2%. The volumes were decent.

This year there was no Big budget rally or fall !! I suppose next the market will show more reactions

Praveen

The market had a slightly volatile morning due to weak global cues, but buying emerged at lower levels later during the day. Positive trade in European markets encouraged further. Sensex ended the day at 16,542, up 202 points from the previous close. Nifty shut shop at 4921, up 57 points. But it wasn't such a good day for the midcaps and smallcaps; CNX Midcap and BSE Smallcap indices lost over 1%. IT stocks were the heroes for the day, followed by FMCG and oil & gas stocks. Top Sensex gainers for the day include Satyam, ITC, HDFC and Hindalco, while losers include Bajaj Auto, Reliance Energy, Bharti Airtel and Mahindra & Mahindra. The market will be closed tommorrow on account of Mahashivratri and re-open on Friday.

After sensex lost 900 points most investors are worries. But expected buying was not seen in the next day the sensex only ended up by 202 points

Buy the shares of very good profit making companies.
look at the books and ply long term

Select industry on right basis.

The market witnessed a carnage today. Not only did bad global cues keep the market pinned down, but lack of participation pulled it even lower. Sensex had a disappointing close at 15,350, down 777 points (provisional) from the previous close. It was the lowest closing for the index since August 31, 2007. Nifty shut shop at 4625, down 246 points (provisional). This was the lowest closing for the Nifty since September 2007. Realty, metal and power stocks were beaten up the most

Things have gone from bad to worse, says Sudhanshu Pandey, technical analyst with LKP Shares, on NDTV Profit. The Nifty can go down to 4100-4200 within this month itself, he adds.

So people who are willing to go short can make money.
Do not go long for now