Market ends green !

10/14/2008 06:53:00 PM

As we assumed in morning, markets ended higher on account of buying in technology, pharma, realty, capital goods, few banking and telecom stocks. Midcap and small cap stocks too were on buyers' radar. Strong global cues were supportive to the markets. However, metal, few oil and power stocks were under pressure.
Benchmark indices had started on a strong note; the Sensex and Nifty had jumped over 500 points and 150 points respectively in early trade due to sharp rally in global markets. However, they lost more than half of their gains in the second half of the session on account of profit booking at higher levels and sell off was seen in metal stocks, but they didn't slip into the red and remained in the positive terrain throughout the day. Market ends with:

Sensex: 11483.40 ( +174.31 Points up)

Nifty : 3518.65 ( +27.95 Points up )

Market is sure to see downfall again, so guys i would suggest you to sell your shares with profit in this upward rally or invest for long period for atleast 1 year to gain a good amount of money. Remember guys, Our main aim is to book profits.

Advice for- Tuesday, October 14, 2008

10/14/2008 08:24:00 AM

Today a very good day for Indian and Global market, Indian Market is assumed to see a lot of uptime today. Market would rise today. A lot of buying would be seen in market today.

BSE Sensex: (11309) our upward bias turned out to be a strong up move, capable of further upside from here. The support for the Sensex is 11000 and the resistance to the up move is at 11761-12230

Nifty : (3490) the support for the Nifty is at 3300 and the resistance to the up move is at 3620-3702-3751
Sensex would go up for short time, So guys you can encash your shares which you bought few days earlier (when i suggested you to buy shares).