26/11. One of the worst days in history of the Mumbai City, which was rocked by the terrorist attack a year
It's been another record day in the Indian Capital Markets. The Markets and the F&O segment, both recorded highest ever turnover on the last day of the November series. The markets reported total turnover of more than Rs 1.50 Lac Crores. Contribution from the F&O sector has created and history in the Indian markets, contributing around Rs .1.37L Cr. NSe cash volumes were at Rs. 17,600 Cr. Bse at Rs. 4488 Cr.
In the Nov Series Major Indices BSE & NSE gained nearly 5%.

World stock markets fell sharply on Thursday as investors fretted over the debt problems at Dubai World, a government investment company, and the continued fall in the dollar.

Markets are usually relatively quiet when Wall Street is closed for a holiday, as it is Thursday for Thanksgiving Day, not so today.

In Europe, the FTSE 100 index of leading British shares was down 99.84 points, or 1.9 percent, at 5,264.97, although trading has been halted for over an hour because of technical problems. Germany's DAX fell 115.17 points, or 2 percent, to 5,687.85 while the CAC-40 in France was 84.92 points, or 2.2 percent, lower at 3,724.24.

Earlier in Asia, the Shanghai index tanked 119.19 points, or 3.6 percent, to close at 3,170.98, its biggest one-day fall since August 31, while Hong Kong's Hang Seng shed 1.8 percent to 22,210.41.

Sentiment in stocks has been dented by the news that Dubai World, which is thought to have debts totaling around $60 billion, has asked creditors if it can postpone its forthcoming payments until May. That has stoked fears of a potential default and contagion around the global financial system, particularly in emerging markets.

The key benchmark indices pared gains after hitting their highest level in more than a month as investors cashed on gains. The BSE 30-share Sensex was up 96.29 points or 0.56%, off close to 65 points from the day's high and up close to 100 points from the day's low. The Sensex and the 50-unit S&P CNX Nifty today, 25 November 2009, struck their highest levels in more than a month.
Index heavyweight Reliance Industries pared gains. The stock rose today after the firm reopened retail fuel outlets. Auto and metal stocks gained. But realty stocks fell. The market breadth was positive, easing from a strong breadth in early trade.

The market recovered after falling into the red for a brief period in early trade. The market extended gains later. The market pared gains after hitting a one-month high in afternoon trade. Market pared gains from the day's high in mid-afternoon trade. The market may remain volatile over the next two days traders roll over positions in the derivative segment from November 2009 series to December 2009 series ahead of the expiry of the near-month November
2009 contracts on Thursday, 26 November 2009.

Rollover in Nifty futures was about 54% at the end of Tuesday's (24 November 2009) trading. Rollover in Min Nifty futures was about 33%. The market wide rollover was about 48%. In individual stocks, Hindustan Unilever, Maruti Suzuki, Power Grid Corporation, Reliance Power and Bharat Heavy Electricals (Bhel), have witnessed high rollover

Thanks to the cyclone which was about the affect India, but passed away without affecting India. But the Indian markets felt the tremor. Bears had a bad day. Bulls kept of pressing the buttons and the markets continued to rally till the end of the session. Sensex jumped 400 points to close at 16450. and Nifty closed above 5000 mark again, gaining 122 points. Nifty closed above 4950 levels that too with good volumes. Yesterday in the MACD pattern the Short term moving average is trying to cross the long term moving average from below. But not yet crossed convincingly. Markets might open flattish or slightly negative after yesterdays bull run.

Markets opened up strong, but as mentioned in my earlier blog that Nifty will face resistance at 4950 levels, slipped down to close below 4900 levels. RIL Ind which was one of the main dragger in the early hours of the trade, slipped down to the negative zone, before closing by 1.5%. PSU stocks were again on the move, resulting in NMDC locked in 20% upper circuit.

Markets after opening strong corrected and closed down with a marginal loss. Nifty took support at the 50DMA. Nifty closed below the 4900 levels. A Doji pattern have been made. Markets can continue to slide tomorrow also. Nifty will have support at 4800 levels.

Indian Markets continued their winning streak. Markets men jumped in the markets as if there is no trading day tommorrow. Nifty crossed its resistance levels of 4850 and closed above the psychological 4900 mark. Sensex gained 350 in the late hours and Nifty closed above gaining around100 points. Banking stocks were the star performer today. Heavyweights like RIL, ITC also gained nearly 3.5%. Bankex was up almost 5%. Global markets too added to the shine. Gold continued to make new highs...
Nifty will find resistance at 4950 levels. The bounce back have been too fast to digest. today Nifty closed at the 50 DMA.
BUY Bharti Airtel For short term delivery SL 290

As mentioned in my last article which was posted yesterday, post trading hours, that the markets today can bounce back. Early this morning, SGX Nifty was trading higher at 75 points plus. Markets opened up with a gap. Markets continued to rally with some volatility, but finally closed higher by more that 500 points. Sensex closed higher at 15912 up by 507 points. Nifty closed up by 147 points at 4711 levels. Technically, Nifty have closed above its 100DMA. But could engulfed the yesterdays candel stick pattern. As the Nifty had closed below its major support of 4750 levels, tomorrows trading pattern will give further clear picture. Nifty is still in the hands of the Bears, todays rally may be just a small bounce back. Nifty should logically fall to 4450 levels.
Market volumes crossed Rs 95K Cr today. High Beta stocks perfomed well.
Rel capital have take good support at 200 DMA, BUY above 740 tgt 762. SL tgt 732.
State Bank have retraced from 23.60% from the low made in the month of Mar to the recent high.

In the last 10 trading session, since the Nifty made the 2009 high, in the 9 trading session the markets have closed in Red. On 20th Oct 2009, when the Nifty made its 2009 high at 5181 levels, the markets have been continously slipping down to make a low of 4538 levels below its 100 DMA. Tday Nifty slipped below at its major support levels of 4650 and closed at4542. The 14 day RSI have reached the over sold zone. Yesterday nIfty closed below the trendline, signaling further downward movement. This writer had warned the readers high of this blog when the markets were trading at their 2009, that the markets will correct. Since then there is no stopping to this market. Bears have taken good control of the markets, leading the fall of 650 points in Nifty Index.
Nifty will find support at 4400 levels. But If this too breaks with volumes, then 4200 in Nifty can be breached.