Business Samachar

Market to remain volatile, correction is due POSTED BY NILESH WAGHELA MUMBAI: The stock market has continued to advance defying the forecasts of experts and at the same time midcap and smallcap stocks are rallying despite high valuations amid experts' warnings.  Looking at the economic data and global trends, there is currently no visible trigger to break the boom.  In a nutshell, Nifty is eyeing the shores of 22,000 with Rata Samudna red alert.  Given the bullishness and high valuations, it seems that the benchmark is likely to cross the  22,000 level easily. But if the market finds any trigger, a quick and sharp crash is also possible . It is also likely that midcap and small cap will see a faster and more severe crash.   According to technical experts, the immediate support level for Nifty is 21,800 to 21,900 and if Nifty sustains above 21,800 then it may rise to 22,000 and 22,200.  Looking at the fundamentals, crude oil prices rose during the week,...

Stock market: Nifty may cross 20,000 mark thi week Price band : RS.156- 164 per equity share posted by; NILESH WAGHELA Mumbai: Macroeconomic dats like India, US inflation, crude prices, trading activities of FII and other global factors will determine D-St dynamics next week Indian equity market logged its best week in the last two months, with the Nifty 50 and the Sensex rising 1.98 percent and 2.64 percent at the close on September 8. The Nifty 50 managed to close beyond the crucial 19,800 mark at 19,819.95, while Sensex closed at 66,598.91. Going ahead, as August inflation numbers trickle in, it is important to monitor if the market momentum can sustain. Among sectoral indices, metal, realty and media led gains in the week gone by. Broader markets also continued their rally, with the Nifty Midcap 100 index gaining more than the Nifty even as the advance decline ratio stayed high at 1.15:1. The Nifty Midcap and Smallcap indices have now posted substantial gains for the third consecut...

Stock Markets in Bulls control, 19600 is handy for Nifty posted by NILESH WAGHELA  Mumbai: Bulls are getting control over Stock Markets gradually, and 19600 is handy for Nifty, says experts.  Bulls seem to have turned strong after recent consolidation and pushed the Nifty50 above 19,500 mark.  As long as the index holds the same level, 19,600 can be possible in the immediate term and then 19,800 can't be ruled out. whereas, on the flip side, 19,400-19,300 range is likely to provide good support to the index, experts said. The market settled higher for the third consecutive session with the BSE Sensex rising 152 points to 65,780, while the Nifty50 climbed 46 points to 19,575 and formed a small bullish candlestick pattern on the daily charts with continuing higher highs and higher lows formation and holding above the downward sloping resistance trendline. "The Nifty has sustained a breakout from a descending channel on the daily chart. The trend will remain favourable as lo...