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| Rebounds face resistance at 4,850 | 09-NOV-09 |
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| The market bottomed and turned around in what seemed like a short-term correction inside an intermediate downtrend. The Nifty was up 1.8 per cent at 4,796.15 points, while the Sensex was up 1.65 per cent at 16,158 points. The Defty was ahead 2.46 per cent with the rupee hardening again. |
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| Intermediate trend reversal confirmed | 02-NOV-09 |
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| Prices collapsed in settlement week with the Nifty dropping 5.7 per cent to close at 4,711.7 points. The Sensex was down 5.5 per cent, closing at 15,896 points. The Defty was down 6.8 per cent with the dollar bouncing from over-sold levels. |
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| Crucial support at 4,950 | 26-OCT-09 |
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| The market eased down after hitting new 2009 highs. The Nifty hit an intra-day top of 5,181 before slipping to close the week at 4,997.05 points for a loss of 2.82 per cent. The Sensex lost 2.95 per cent to close at 16,810 points. The Defty was down 3.4 per cent with the dollar firming slightly against the rupee. |
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| Intermediate trend reversal? | 12-OCT-09 |
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| It turned out to be a strange week when the market traded within a narrow range and suffered significant net losses. The Nifty closed at 4,945.2 points for a week-on-week loss of 2.72 per cent. The Sensex was down 2.87 per cent at 16,642. The Defty lost a comparatively lower 0.36 per cent as the rupee hit a record high. |
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| Intermediate trend reversal? | 12-OCT-09 |
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| It turned out to be a strange week when the market traded within a narrow range and suffered significant net losses. The Nifty closed at 4,945.2 points for a week-on-week loss of 2.72 per cent. The Sensex was down 2.87 per cent at 16,642. The Defty lost a comparatively lower 0.36 per cent as the rupee hit a record high. |
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| Short-term weakness visible | 14-SEP-09 |
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| The market zoomed to a new high and then consolidated inside a very narrow range. The Nifty closed at 4,829 points on Friday, up 3.19 per cent, after hitting a new 2009 high at 4,889. The Sensex was up 3.66 per cent at 16,264 points. The Defty gained 3.8 per cent with the rupee up substantially. |
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| Market remains range-bound | 24-AUG-09 |
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| The market registered net gains while moving inside a relatively narrow range. The Nifty was up 2.2 per cent, closing at 4,580.05 points while the Sensex gained 1.66 per cent at 1,541 points. The Junior was ahead by 2.6 per cent while the Defty gained only 1.24 per cent due to rupee weakness. |
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| Look for a breakout above 4,625 | 17-AUG-09 |
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| The market registered net gains while moving inside a relatively narrow range. The Nifty was up 2.2 per cent, closing at 4,580.05 points while the Sensex gained 1.66 per cent at 1,541 points. The Junior was ahead by 2.6 per cent while the Defty gained only 1.24 per cent due to rupee weakness. |
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| Look for a breakout above 4,625 | 17-AUG-09 |
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| The market registered net gains while moving inside a relatively narrow range. The Nifty was up 2.2 per cent, closing at 4,580.05 points while the Sensex gained 1.66 per cent at 1,541 points. The Junior was ahead by 2.6 per cent while the Defty gained only 1.24 per cent due to rupee weakness. |
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Content Guide
