Page 71 - Rex Cano

Short-term trend turns negative

However, as the week progressed, it began to slide, amid profit-taking and negative cues from select foreign markets

Nifty to remain bullish above 6,150

Markets in overbought zone

Next week, the Sensex is likely to move in the range of 19,750 and 20,490, with support expected at 19,895-19,825 and resistance at 20,350-20,420

Fresh strength above 6,020

The Sensex touched a high of 19,792, and finally ended with a gain of 1.5% (289 points) at 19,576

Further strength only above 5,800

Among the Sensex 30 stocks, State Bank of India soared about 10 per cent to Rs 2,294

Down move may continue

Sensex seems headed towards 17,800 level

Bharti Airtel and HDFC fell about seven per cent each to Rs 271 and Rs 771, respectively

Pull-back likely to be short-lived

Nifty likely to break 200-DMA

Next week, the markets may continue to remain choppy, owing to two trading holidays, the March derivatives expiry and global news

Upside seems capped

Alleged reports of money laundering by some of the biggest private sector banks dampened the market sentimen

Markets may turn choppy

Nifty may consolidate; near support at 5,670

Nifty bias to remain negative below 5,880

Weekly Technical Analysis

Nifty seems headed towards 5,825

Wkly Tech Analysis: Nifty slips below 20-day DMA

The BSE benchmark index touched a high of 20,204

Nifty slips below 20-day DMA

Short-term correction likely

The BSE Sensex may face resistance at 19,940-20,025, while it may seek support at 19,635-19,540

Wkly Tech Analysis: Short-term correction likely

The BSE Sensex may face resistance at 19,940-20,025, while it may seek support at 19,635-19,540

Bias to remain positive above 6,040

Wkly Tech Analysis: Multiple support levels ahead

At 19,856, the Sensex scaled a fresh two-year high, before slipping to a low of 19,596, a fall of 260 points. The BSE benchmark index finally settled at 19,664, a loss of 0.6%