Posted by: Babu Suresh | March 28, 2009

Nifty Spot-Weekly Analysis-28th Mar 2009

Daily and Weekly Spot Nifty charts:Nifty_Spt_DW_27-03-09

10% weekly and 12% monthly gains are commendable and note worthy irrespective of whether they were due to the influence of overseas markets or due to any other reasons. Its a great solace amidst continued, unabated bashing of our stocks.

Some of the stocks that we did very well were 1. Aban Lloyd; 2. ICICI Bank, 3. Axis Bank; 4. Sail and Nifty Index Futures. I recommended in my premium blog last month itself to monitor both Aban Lloyd and Axis Bank and also, in one of my replies to a comment on ICICI Bank, the level at which I would start buying.

Spot Nifty H1–H4–ChartsSpot-Nifty-H1-H4-27-03-09

I would exercise caution at these levels but would keep my options open to see Nifty testing 3160 and on the down side, 2961 and 2879.

During the last couple of weeks, I also got a lovely opportunity to interact with international traders and receiving tremendous response for my analysis on Dow Index and Forex.

Now I am available at Twitter (http://twitter.com/sureba67) and Linkedin (http://www.linkedin.com/in/sureba67)

Please visit, http://niftybaba.wordpress.com for Indian Stocks & Index analysis.

Healthy And Wealthy Weekend

Healthy And Wealthy Trading

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