 "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.
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Vijaya Diagnostic IPO: Why brokerages suggest subscribing to the issue
The diagnostic market in Telangana and Andhra Pradesh, Vijaya's strong base, is projected to grow to Rs 12,000 - 13,000 crore by FY13, reports suggest
 "Vijaya Diagnostic IPO: Why brokerages suggest subscribing to the issue")
Sensex resistance seen at 18,900
To sum up, the bias for the Sensex is likely to remain bearish as long as the index sustains below 18,900-odd levels. On the downside, the index could slide to 17,300-odd levels
More downside likely
The monthly charts indicate that the Nifty may fall below 5,400-odd levels in the near term, and may slide all the way to near about 5,100-odd levels in the short-to-medium term
More pain likely
The Sensex ended in the red on all trading days
Pivot level for Sensex is 19,925
Among Sensex stocks, FMCG heavyweight Hindustan Unilever was the major gainer
 "Pivot level for Sensex is 19,925")
Crucial trading week ahead
The index has near resistance at 19,700, above which the index can spurt to 19,925
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