Nirmal Bang Securities Pvt. Ltd. - Morning Call 240909

E

equityresearch

Equity Research
The*Sensex*was*down*167*points*at*16,719*after*trading*flat*for*most*of*the*day.*The*Nifty*ended*below*5K*at*4,970*down*50 points.*Selling*pressure*was*seen*across*all*the*sectors*with*only*the*BSE*oil*&*gas*index*trading*in*the*green.*The*Nifty*Oct*future*ended*at*4,981*with*11*point*premium.**After*a*very*long*day*of*strong*closing,*markets*have*shown*some*kind*of*weakness*ahead*of*the*Sept*expiry.*Technically*the*oscillators*on*the*daily*RSI*were*at*73 *indicating*an*extreme*overbought*sign*and*a*pause*for*the*rally*was*sen*ahead.

http://www.nirmalbang.com/Upload/Morning_Call_240909.pdf
**
 
You must log in or register to reply here.
Back
Top