latest news on stock market

Topic :- Closing Note
Market remained very volatile throughout the day and closed in red zone.For today also Satyam is to be blamed.Satyam traded on on the BSE Sensex and NSE Nifty for last time on Friday — it was announced that Satyam would be replaced by Sun Pharma and Reliance Capital respective on the two indices.Volumes were better in todays trade as well. Total traded turnover was at Rs 64,891.47 crore. This includes Rs 12,984.81 crore from NSE Cash segment Rs 47,709.01 crore from NSE F&O and the balance Rs 4,197.65 crore from BSE Cash segment.On Monday we may see weak opening followed by recovery in the market but global cues will play important role.
--------------------------------------------------------------------------------------------
Topic :- Time:3.10 P.M
After to much volatility now market seems to be range bound.If nifty (spot) manage to trade above(resistance) 2898-2921 then some recovery may be seen.If Nifty trades below(support) 2843-2820 then good profit booking is expected.
--------------------------------------------------------------------------------------------
Topic :- Time:2.05 P.M
Nifty(spot) if trade above (resistance) 2902-2935 some recovery is expected.If Nifty breaks below (support) 2840-2824 good profit booking is expected. Infra stocks moving now.
--------------------------------------------------------------------------------------------
Topic :- Time:12.50 P.M
Top 5 Losser in NIFTY as on 9th January, 2009 at 12:45 Pm.
Satyam Computer Services Ltd(SATYAMCOMP) Down 45.59%
DLF Limited(DLF) Down 16.70%
Unitech Ltd(UNITECH) Down 12.65%
Siemens Ltd(SIEMENS) Down 11.10%
Reliance Communications Limited(RCOM) Down 10.07%.
www.ShareTipsInfo.com Team
--------------------------------------------------------------------------------------------
Topic :- Time:12.00 P.M
Market Out Look: NIFTY is Having Resistance at 2850-2860(Spot) Levels. If Nifty is able to Cross & Sustain above these level then we can see some recovery in market which can take Nifty to 2880-2910-2945 levels Very Soon.
--------------------------------------------------------------------------------------------
Topic :- Time:11.46 A.M
For now Nifty spot above 2860 can see some recovery now and if Nifty spot breaks 2840 we can see some profit booking in the market.Inflation for weekend is 5.91% VS 6.61% last week. Whole story of Satyam biggest scam updated on our site. Please find same in articles section.
--------------------------------------------------------------------------------------------
Topic :- Time:10.55 A.M
As mentioned market will see selling pressure.Now recovery is expected only above 2910. Below 2860 we can further see selling pressure in the market.We were asking our clients to stay away from SATYAM Counter. The company is tainted in all respects & there was possibility of Complete loss of Capital of Investors & traders. In Last 2 Trading Session this counter slips from 188 to Just 6.30 Rs. & Now Trading at 20 Rs.The Satyam Counter will be out from NIFTY & SENSEX from this Monday that is 12th January, 2009. In Nifty it will be replaced by RELCAPITAL & In SENSEX by SUNPHARMA.
--------------------------------------------------------------------------------------------
Topic :- Opening Note
Negative opening expected.For morning session Nifty spot below 2900 to remain weak.More profit booking to come if Nifty breaks 2875 level. Recovery only expected if Nifty manages to trade above 2950.Sentiments in market are very bad.Trade in less quantity or avoid early trade.