sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
Latest Expert Exchange
« Markets »
 FM calms nerves, says no plan to tax market gains
 Why we must tweak the market-led model
 PE transactions prompt income tax queries over round tripping concerns
 Amended India-Mauritius tax treaty only covers investments in shares
 Government drops cap gains tax on startup shares held for 2 years
 Tax-free bonds regain demand in the secondary market
 Relevant Market’ Under Competition Act, 2002
 Indian markets best in terms of earnings momentum, price revision
 How India will become a common market with GST
 Broader markets outperform; Nifty holds 8,500
 Have Indian markets run ahead of fundamentals?

Markets expected to move sideways
May, 11th 2010

As we saw yesterday and in fact as you yourself were pointing out that you were pretty surprised that the markets actually sustained 5200. You expected a rise but not sustenance above 5200?

Yes. We were not expecting such a big rise up to 5200. We were in fact looking that yes, the markets looked oversold. The market should give you a pullback, so the pullback was expected to come to 5160-5180 levels.

Now considering that the global markets yesterday were really strong, we are looking at 5200 today morning also.

Now lets see going forward if the market does manage to close beyond 5200 today because generally it is observed that after such a strong rally, you might see the markets going sideways or correcting a little bit.

People would like to take profits off the table. You are getting 175 points on the Nifty in a single day, so yes, you might want to take some profits off the table, so going forward, lets see 5200 now remains to be a very important resistance level.

Once 5200 is crossed, yes, you will see the markets moving up beyond 5300. We do not see that happening actually in the next two or three days. The markets are expected to move sideways rather than moving up.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Contact Us

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions