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Articles: Stock Market | Stock Market Summary
- Editor
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Even though market opened normally and went up strongly for 2 to 3 hours. Huge profit making occurs in 2nd half. Finally Sensex closed down by 9.02 points and Nifty closed down by 3.55 points.
The market breadth was Neutral, 352 advances VS 497 declines, and 14 shares unchanged in NSE. 82 securities have hit their price bands today.
FIIs buying worth a net Rs 609 cr on 8th November 2005.
Market analysis: Yesterday we given 61.8% retracement value occurs at 8375 . After touching 8400,market corrected more then 100 points speedily and closed neutral. Market has completed counter rally for the latest fall.We have just eaten the counter rally of nearly 700 points profits.It is better to wait for 1 or 2 days to decide the clear direction of market.
Day traders Strategy : wait for further direction.
Investors strategy :. : wait for further direction
INDEX & STOCKS LEVELS FOR DAY TRADING
ALL LEVELS MEANT FOR FUTURE TRADING
NIFTY FUTURES (2485.):TREND DECIDER IS 2490
Supports are 2465.Break 2465 continues further fall and will touch to 2445.Resistances are 2500/2515/2538.
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