The Indian bourses ended in the green, aided by rising FMCG, oil and
public sector undertakings' (PSUs) stocks.
The Sensex opened in the negative territory at 17,149.08, tracking
subdued cues from the US markets. US markets slipped on Tuesday, as
the Gross Domestic Product figures were revised for the third quarter,
even as the Federal Reserve raised its growth expectations for 2010.
The Dow slipped 17 points to 10,434. The Nasdaq was slightly down, by
seven points, at 2,169.
The index rebounded immediately to touch an intra-day high of
17,290.48. The markets retraced some of their gains in the afternoon
session as a result of volatility ahead of the derivatives' series
expiry, but still managed to close well above the dotted line. The
Sensex ended at 17,198.95, up 67.87. The NSE Nifty settled at
5,108.15, up 17.60 points.
''The markets will remain choppy, with lots of opportunity'' as expiry
day and one can go buying in nifty options of dec as premium dropped
very low and can gain much from these levels.
One should be cautious as US markets are leading to year end
activities and long festive season ahead.
A bout of FII selling is not ruled out in near future.
The best part of the stock market is that "everything repeats". This
is huge plus, and a huge secret to making money with stocks.
Market cycles that used to take years to play out can now happen in
months, sometimes even in a single day. Flexibility is the only
sensible response to volatile markets and stocks with generous trading
ranges.
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PRE MARKET ANALYSIS - 26 Nov
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