 |
Indian market indices (Sensex 50 & Nifty 50) are down over 3% today (as are most Asian indices - the Japanese Nikkei is down 1.8%). Big losers include commodity stocks (Hindalco, Nalco, Tata Steel and energy stocks (Reliance Energy, IPCL) and telecom (VSNL, MTNL) - each down over 5%. Volumes were above average on capital good stocks as well. So for now, the 12000 level has been tested and confirmed as resistance for the Sensex.
Related Posts:
DISCLAIMER: The author is not a registered stockbroker nor a registered advisor and does not give investment advice. His comments are an expression of opinion only and should not be construed in any manner whatsoever as recommendations to buy or sell a stock, option, future, bond, commodity, index or any other financial instrument at any time. While he believes his statements to be true, they always depend on the reliability of his own credible sources. The author recommends that you consult with a qualified investment advisor, one licensed by appropriate regulatory agencies in your legal jurisdiction, before making any investment decisions, and that you confirm the facts on your own before making important investment commitments.
|
|
COPYRIGHT © WWW.GALATIME.COM 2004-2008. ALL RIGHTS RESERVED. |
|
