Rex Cano
 "Rex Cano")
Rex Cano
Rex Harrison Cano has over 25 years of experience, primarily in business journalism, tracking and analysing the Indian stock market. An avid market enthusiast and a proficient technical analyst, Rex believes that charts and numbers come to life to tell stories of past and possible future journeys.
Rex Harrison Cano has over 25 years of experience, primarily in business journalism, tracking and analysing the Indian stock market. An avid market enthusiast and a proficient technical analyst, Rex believes that charts and numbers come to life to tell stories of past and possible future journeys.
Page 73 - Rex Cano
Wkly Tech Analysis: Nifty likely to face resistance at 5,800
Among Sensex stocks, BHEL rose 6.5% to Rs 263 this week
Wkly Tech Analysis: Nifty likely to test support at 5,535
Next week, the Sensex is likely to seek support around 18,530-18,435, while face resistance around 18,825-18,915
Nifty likely to test support at 5,535
Next week, the Sensex is likely to seek support around 18,530-18,435, while face resistance around 18,825-18,915
Sensex likely to seek support at about 18,500
Among Sensex stocks, ITC soared about five per cent to Rs 298, while Hero MotoCorp rallied about four per cent to Rs 1,849
Wkly Tech Analysis: Expect weakness below 18,500
The bank Nifty is likely to face considerable resistance at 11,650-odd levels. The index may, however, see support at about 11,465 (20-day daily moving average)
Nifty may seek support at 5,160
As per the monthly Fibonacci chart, the key levels for the Sensex this month would be support around 17,020-16,900-16,800 and resistance around 17,740-17,855-17,965
Wkly Tech Analysis: Nifty may seek support at 5,160
Among the Sensex stocks, Sterlite Industries was the major loser, down over 14% to Rs 96
Momentum in favour of the bulls
The Sensex touched a high of 17,773, and ended the week with a gain of nearly two per cent at 17,750
Wkly Tech Analysis: Momentum in favour of the bulls
The Sensex touched a high of 17,773, and ended the week with a gain of nearly two per cent at 17,750
Wkly Tech Analysis: Nifty seems on course to 5,450
he Sensex ended higher for the third consecutive week, as foreign institutional investors (FIIs) continued to lend buying support
Wkly Tech Analysis: Upmove likely to continue
The markets ended the week and the month on a robust note thanks to the sharp rally on Friday
Wkly Tech Analysis: Bias weak for Nifty below 5,160
The BSE benchmark index eventually ended with a loss of 319 points at 16,839