May 20th 2009 ( NSE, Sensex ) Market Update

By CROW -
04:39 PM Wednesday, 20 May
The Sensex ended the day with a loss of 241.37 points, or 1.69% at 14,060.66 after touching a high of 14,405.51 and a low of 13,976.49. The broad-based NSE Nifty fell 48.15 points, or 1.11% at 4,270.30 after hitting a high of 4,362.85 and a low of 4,244.70.
Source : BSE
11:12 AM Wednesday, 20 May
An hour into opening, the market is trading volatile. Realty and auto stocks lead the gains. The Asian markets continue to trade mixed. Sensex is trading at 14,350, up 48 points from its previous close, and Nifty is at 4,344, up 25 points.
Source : IRIS
11:11 AM Wednesday, 20 May
The market opens expectedly on a negative note today. Earlier, the US markets closed mixed and the Asian markets are trading mixed, too. Sensex is trading at 14,226, down 76 points from its previous close, and Nifty is at 4,302, down 16 points.
Source : IRIS
11:11 AM Wednesday, 20 May
The Nifty could go down to 4,150 at which level fresh trade can be initiated, says VK Sharma of Anagram Stock Broking. He sees resistance at 4,650.
Source : CNBC TV18
11:10 AM Wednesday, 20 May
The market may have a weak opening today and there will be selling pressure, says Sudarshan Sukhani, technical analyst. He sees support for the Nifty at 4,200 and resistance at 4,400. He advises buying near the support area.
Source : CNBC AWAAZ
11:09 AM Wednesday, 20 May
Market will now see some consolidation and move sideways, says Ashwani Gujral, technical analyst. He sees 4,100 as very good support for the Nifty and suggests buying on every decline. This is the right time to build a portfolio of midcap stocks and sit on it for six months, he adds.
Source : CNBC TV18
11:08 AM Wednesday, 20 May
If Nifty stays at 4,340 then it is likely to take out the resistance between 4,450-4,750, says E Mathew, technical analyst. He sees support at 4,100-4,150.
Source : CNBC TV18
10:16 AM Wednesday, 20 May
Intra-day trading is to remain volatile for the next few days, says Sudarshan Sukhani, technical analyst. He suggests going long in the Nifty if one sees an intra-day dip or a breakout.
Source : CNBC TV18

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