Sunday, November 22, 2009
Indian stock market update as of 22 November 2009
For the middle and long term however, things are much more positive, with the overall global economy having seen an uptick, and both India and China looking much more positive. India seems to have overcome the worry of a failed monsoon, although it is likely to impact Government policies in terms of foodstocks and its food imports. So what are the stocks to be watched out ?
1. Mahindra Ugine Steel Company Ltd (good for the medium and long term, but needs patience)
2. Ashiaana Housing (if housing market is not a bubble, then very good for the long term)
3. JBF Industries
4. Shilpa Medical (risky, but can grow multiple fold)
5. Elecon Engineering
6. Central bank of India
Also, started to look at more technical information. What is the difference between Technical and Fundamental Analysis (very briefly) ?
Fundamental Analysis is the study of the fundamentals of the market. Fundamentals are all things that affect the supply and demand of the underlying commodity.
Technical Analysis, on the other hand, is the study of the market based on a chart of its price data, and assumes that you can do some amount of prediction of the price and volume movements based on past trends.
Labels: Economy, Equity, Fundamentals, Future, India, Learn, Market, Technical
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MARKET TODAY
Key benchmark indices are likely to extend its previous session's losses after Dubai's debt problems revived concerns about the global financial system and rattled markets across Europe and Asia. The Nifty futures traded as SGX CNX Nifty Index Futures in Singapore were down 64 points to 4916. However market to remain weak during the trading session.
According to data released by the NSE, in the last session, FIIs were net sellers of index futures to the tune of Rs 948.38 crore and they bought index options worth Rs 1202.08 crore. They were net sellers of stock futures to the tune of Rs 60.47 crore and bought stock options worth Rs 17 crore.
More details http://www.16anna.com
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Key benchmark indices are likely to extend its previous session's losses after Dubai's debt problems revived concerns about the global financial system and rattled markets across Europe and Asia. The Nifty futures traded as SGX CNX Nifty Index Futures in Singapore were down 64 points to 4916. However market to remain weak during the trading session.
According to data released by the NSE, in the last session, FIIs were net sellers of index futures to the tune of Rs 948.38 crore and they bought index options worth Rs 1202.08 crore. They were net sellers of stock futures to the tune of Rs 60.47 crore and bought stock options worth Rs 17 crore.
More details http://www.16anna.com
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