 "Rex Cano")
Rex Cano
Rex Cano
Rex Harrison Cano, part of Business Standard's online markets team, has over 25 years of experience, primarily in business journalism, tracking and analysing the Indian stock market. An avid market enthusiast and an expert technical analyst, Rex believes that charts and numbers come to life to tell stories of past and possible future journeys.
Rex Harrison Cano, part of Business Standard's online markets team, has over 25 years of experience, primarily in business journalism, tracking and analysing the Indian stock market. An avid market enthusiast and an expert technical analyst, Rex believes that charts and numbers come to life to tell stories of past and possible future journeys.
Page 74 - 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
 "Short-term trend turns negative")
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
 "Sensex seems headed towards 17,800 level")
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
Nifty bias to remain negative below 5,880
Weekly Technical Analysis
Wkly Tech Analysis: Nifty slips below 20-day DMA
The BSE benchmark index touched a high of 20,204