Indian market on 20/1/2011

Sensex daily chart (click to zoom)

Sensex today opened in red and took support at 18820 where the 200 EMA exists, it bounced back from that level and went in green territory to close at 19046.
Technically stochastic is still in buy mode with RSI not giving positive crossover on daily chart.
Direction for sensex is unclear becuase of negative market breadth today..
We hope sensex breaks its important resistance 19065 tomorrow.

Indian market on 19/1/2011

Sensex daily chart (click to zoom)

 Yesterday market successfully bounced back and was in green zone, today it went up to 19065 and nose dived again in red territory over concerns of high inflation and fear of rate hike by RBI.

Technically RSI could not give positive crossover though stochastic in bullish zone.

we remain bullish for next few trading session

Indian market on 18/1/2011

Sensex daily chart (click to zoom)

Sensex seems to be in positive direction for few more sessions. On daily chart there is morning star candle stick formation. Which will keep sensex bullish for some time, but things like high inflation, rising fiscal deficit may weigh the markets dragging it down. On daily chart stochastic has made bullish crossover, looks like RSI is emerging from oversold region. We are bullish on sensex for some time now..

Indian market on 17/1/2011

Sensex dialy chart (click to zoom)

Sensex today was choppy with no clear direction. On daily chart it formed small doji candle stick pattern , if tomorrow market closes green it will be a morning star formation which lead to bullish direction of market to some more trading session. Technically RSI and Stochastic on daily chart both are still in sell mode. We see short term trend reversal. This argument is also supported by bounce back of sensex today from 20 EMA which is at 18183

Indian market on 14/1/2011

Sensex dialy chart  (click to zoom)

Sensex today broke its important support of 19065 and closed at 18860. The sell off was triggered by monthly inflation data for december 2010 which was out today. Worst inflation data and high WPI draged the index lower. Now we do not see any more correction as market has corrected by over 1500 points, technical bounce back is expected, but we are aslo cautious because the most important support 19065 from where market bounced back thrice in past has been breached.
lets see

Indian market on 13/1/2011

Sensex daily chart (click to zoom)

Sensex closed today above 19065 level which is psychologically as well as technically important level for bulls. Bias for sensex remains positive until this important level is held. Fear of rate hike by RBI in its 27 jan policy review still looms which may further drag the markets, but technically we remain positive for some time now..

Top 10 Brokerage Houses in India

Many times trader or investor gets confusion for opening a demat and trading account in brokerage house. Many brokerage houses promises to you for better service but clients get problems due to trading session in thier broking house firm.
Here we are giving list of India's top 10 boking house on the basis of survey of investors and trader of many cities. In thier views following brokerage houses give reliable and best servises.

1.ICICI direct

2.India Infoline

3.Sharekhan

4.Kotak Securities

5.Indiabulls

6.Motilal Oswal

7.Bajaj Capital

8.SMC

9.Angel Broking

10.Reliance Money

How stock market works??

This video will give basic idea of how stock market works