THIS IS THE LAST BUT NOT LEAST POST MARKET REPORT OF 2009-THE YEAR WHICH WAS THE TRIGGERING YEAR FOR INDIAN STOCK MARKET.WHEN EVERYTHING LOOKS GLOOMY & DARK,YEAR BROUGHT A GOOD HEALING TOUCH & TOOK THE MARKET TO SOMEWHAT A CONSIDERABLE LEVEL. NOW,EVERYBODY IN THE MOOD TO SAY,YES!MARKET AB ACCHA LAG RAHA HAI!!!! HEADLINES FLASHED,MEDIA COVRING,SO -CALLED TECHNICAL ANALYSTS--EVERYBODY WAS AGAINST THE MARKET IN THIS YEAR,BUT AS ALWAYS IT OVERCAME EVERY BEAR FORECATER. GOOD ELCTION RESULT,GOOD GDP NO.,GOOD COMPANY RESULTS,RBI'S GOOD INTIATIVES FOR CURBING THE RECESSSION---ALL THOSE FACTORS COMBINE TO BOOST THE ALL WANTING UP MOVE. NOW WHERE CAN IT GO?I ALREADY TOLD IN MY PREVIOUS REPORT THAT IT HAS GOOD STRENGTH TO GO UPTO 6000 MARK,POSSIBLY IN NEAR FUTURE.ALTHOUGH.IT'S NOT THAT VERTICAL UPMOVE,BUT FOLLOWING TECHNICALS & GLOBAL MARKET .INFLUENCES IT MAY GRADUALLY MOVE TOWARDS THE MENTION MARK SO EVERY DECLINE IS A GOOD BUY OPPERTUNITY FOR GENUINE BUYERS.
WEEK AHEAD IT MAY TRY TO GO TOWARDS RESISTANCE POINT 5222,CROOSING IT MAY GO TO 5252 & THEN TO MAY 08 HIGH UPTO 5299.DOWNSIDE AS ALWAYS 5160-30 GOOD SUPPORT.BREACH OF WHICH MAY TAKE IT 5090-5050 LEVEL
FIRST DAY OF TRADING AT 9 0'CLOCK--FIRST EXPERIENCE.LET SEE WHAT COMES OUT?HAVE A GREAT YEAR & HOPE FOR THE BEST IN TERMS OF TRADING.
HAPPY TRADING WEEK.
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