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Topic : November Market Outlook
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Does indian Market stands on 4900 or goes to 4000

Created by : Akhand Pratap Singh, Freelancer, Freelancer  | 01 24 2010 06:38:37 +0000
Industry : Equity Research/AnalyticsFunctional Area : Equities(Markets)
Keywords : will market break the 4900 level in this weak
Activity:  198 views;  last activity : 07 06 2010 20:18:09 +0000

The Indian market always facing resistance at 4900,But experts in media is debating for its 4000 level,I hope this is totaly false ,because this market has more nd more resistsnce at 4900 and any international or national news can not make impact on this maket like reccesion

  
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Markets are extended following global weakness. Markets managed to find support near important levels of 4950 and if continued support at these levels remains then it is imperative for the uptrend.

We can see futures increased by 2.34 million to 32.77 million shares and settled at a discount of 16 as against a discount of 10 in the previous session. Oil and gas stocks witnessed a rise in delivery and future OI, indicating a positive trend ahead. I hope it will sustain...

What do you say?
By Jyoti Rath, Sr. Associate, Barclays  01 25 2010 14:08:35 +0000
 
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Very true Jyoti...good comment
By Nitin M Aras, Head/VP/GM-Tech. Support, ODTIN Food Solutions Pvt Ltd  | 01 27 2010 06:26:38 +0000
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i agree with jyoti but indian market will go upwards subject to that us market go up..
By mehul , internal auditor, audit firm  | 01 26 2010 03:23:35 +0000
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No,Because Market has lot of investors who are young and they have lot of capability to enjoy a risk,and they never affriad with market positions ,but they invest much more than ever to rise it again ,,so dont be affriad and trade
By Akhand Pratap Singh, Freelancer, Freelancer  | 01 24 2010 06:38:37 +0000
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