Market Overview for July 23 Fri

Category: Education

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Friends, : 

Friends, PLEASE SWITCH ON YOUR SPEAKERS ValueTrade Academy Pvt Ltd Creating Educated Investors

Quick Market Overview For FRI 23rd July 2010 : 

Quick Market Overview For FRI 23rd July 2010 By CA Rajiv D Khatlawala MD, ValueTrade Academy Pvt Ltd.

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Slide 4: 

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Key highlights of today’s Trades : 

Key highlights of today’s Trades Nifty opened strong after overnight gains in US markets. However upmoves saw selling pressure and it has closed almost flat, ahead of a weekend Telecom stocks saw good buying today , but I was observing that there are more scrip-specific movements European markets are sharply higher today gaining more than 2%.

NIFTY The Technical picture : 

NIFTY The Technical picture

In Conclusion : 

In Conclusion My intraday participants surely could trade the downside since morning Nifty’s close on weekly basis is positive and the weekly charts too are suggesting a further upmove in weeks to come. Among the sectors, watch the Metals space where activity should gain momentum, as international Metals are also finding buying interest.

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