| Correction in gold price soon, say observers | 18-NOV-09 |
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| Blaming a rush of investor-buyers for pushing gold price to over Rs 17,000 level, market experts see the yellow metal getting cheaper by about Rs 500 per 10 gram by next week on profit-booking. |
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| Resistance seen around 16,940 | 15-NOV-09 |
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| Barring intra-day corrections, the market displayed a firm trend throughout the week. The Sensex rallied 4.27 per cent (691 points) to end at 16,849. IT, metals and select banking stocks were the major gainers during the week. |
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| F&O Outlook: More correction possible in coming days | 13-NOV-09 |
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| The Nifty ignored all bullish indicators and closed below 5,000 on profit-booking and weak global cues. The close of 4,953 is marginally above the 61.8 per cent retracement level of 4,940. Hence, if it falls below this, it can retreat to 4,860. Also, the Nifty has gained over 10 per cent since the last week’s low of 4,538 and so more correction is possible in the coming days. |
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| More correction possible in coming days | 13-NOV-09 |
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| The Nifty ignored all bullish indicators and closed below 5,000 on profit-booking and weak global cues. The close of 4,953 is marginally above the 61.8 per cent retracement level of 4,940. Hence, if it falls below this, it can retreat to 4,860. Also, the Nifty has gained over 10 per cent since the last week’s low of 4,538 and so more correction is possible in the coming days. |
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| Fresh correction likely if Nifty falls below 4,860 | 11-NOV-09 |
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| The Nifty witnessed profit-booking above the 61.8 per cent retracement level of 4,940 and closed marginally above the trendline reversal level of 4,880. Technically, a confident crossover of 4,940 was crucial for the recovery to continue. |
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| Sanjaya Baru: Time to get our fiscal act together | 04-NOV-09 |
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| Finance Minister Pranab Mukherjee’s assurance in New Delhi on Tuesday that India must return to the path of fiscal prudence was timely. Last week he had fiscal conservatives worried with his remark that he would tell his G-20 counterparts this weekend that every country must have its own timetable for the withdrawal of fiscal stimulus and that there can be no one-size-fits-all formula. |
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| There is little room for further correction | 04-NOV-09 |
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| The Nifty November futures were trading at a discount of 28 points to the spot in intra-day trade as long traders preferred to hold their positions while the index fell sharply to below-4,600 levels. |
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