Market may open lower

After a long holidays, the Indian markets are opening today. The market has to begin a new April series today. It is expected to see some good upside in this series as this will be the month of companies' results. Since the companies are doing well in their performance as observed in last 2 quarters, this result will also be good as compared to the previous results.

But since the market was down in March and the market capitalization is lost around 30-35% due to the bearish sentiment, this type of bearishness would continue, atleast for some days in this week.

Today the Asian markets are down, it is expected that the Indian markets will open gap down. Some nervousness from political front will also add the negative sentiments till the political picture is clear.

Traders are expected to watch the market careful and trade accordingly. Some midcap stocks will start picking momentum, especially consumer goods segments as this sector do good when the market sentiment is nervous.

10% price limits for Essar Oil, Suzlon, Educomp & Core Edu

BSE and NSE have put a price band of 10 per cent on share movements of four firms – Essar Oil, Suzlon Energy, Educomp and CORE Education – as part of preventive surveillance measures.
The price band will be applicable for trading in the four stocks with effect from April 2. The decision to limit any upward or downward movement in their share prices to a maximum of 10 per cent has been taken by the the stock exchanges in consultation with market regulator Sebi.
In separate notices, NSE and BSE said that a fixed price band of 10 per cent on these four stocks is being imposed as part of a "preventive surveillance measure and to ensure market safety and safeguard the interest of the investors".
The decision was taken in consultation with market regulator Securities and Exchange Board (Sebi), and the action will be reviewed periodically, they added.
With an aim to prevent any systemic risks arising out of erroneous trades or stock manipulations, the market regulator Sebi late last year asked the stock exchanges to put in place a system for 'dynamic price bands'.
These dynamic price bands, which are generally referred to as dummy filters or operating range, prevent acceptance of orders for execution that are placed beyond the price limits set by the stock exchanges.

dailyfnodata News: Market may recover as Cyprus has rejected the new ...

dailyfnodata News: Market may recover as Cyprus has rejected the new ...: Market may recover as Cyprus has rejected the new proposed tax Today one can expect a good move in Nifty and Sensex after a good sell of...

Market may recover as Cyprus has rejected the new proposed tax

Market may recover as Cyprus has rejected the new proposed tax

Today one can expect a good move in Nifty and Sensex after a good sell of on Tuesday. The whole day there were a lot of activities on political front and the outcome is clear that the Government has no fear of stability and Mulayam's Samajwadi party has come up to save the UPA Government. Also the Cyprus problem is also seemed to be resolved partly. The parliament of Cyprus has rejected the new proposed tax on bank deposit. 

These were the two important events which dragged the market in last two days and the market has come to a point where it should be bought and earlier the markets has seen a good recovery in these levels. So again the market is ready to a good pull back and short covering can take the Nifty to 5800 levels soon. Once 5800 is reached, and how the things are, the next move of Nifty will be decided.

Nifty Analysis (19.03.2013)

dailyfnodata News: Nifty Analysis: Nifty Analysis (19.03.2013) Nifty opened at 5859.50 a gap up of 24.70 points on 19.03.2013. Nifty opened up as the Asian stocks were ...