Daily Stock Setups

Markets rally on global cues; Sensex gains 409 points

Posted on: Fri, 13 Nov 2009 07:32:00 EST

Symbols: RELDA

Do you know when to trade RELDA ?

Check for a PowerRating from TradingMarkets

Mumbai, Nov 11, 2009 (Asia Pulse Data Source via COMTEX) --
RELDA | Quote | Chart | News | PowerRating -- An upsurge in Asian stocks helped the markets brush aside concerns of cyclone Phyan hitting Mumbai and stage an impressive rally of over 400 points on all-round hectic institutional buying.

Metal and IT stocks were picks of the day. Market leader Reliance Industries gaining for the second day in succession further buoyed the sentiment. RIL closed higher by 2.70 per cent. Software exporters Infosys and TCS spurted by 3.24 per cent and 2.61 per cent respectively in anticipation of swift recovery in global economy.

Shrugging off the hesitancy at the outset, the Bombay Stock Exchange 30-share Sensex closed the day at nearly three- -week high of 16,849.60, netting a rise of 409.04 points or 2.49 per cent over its previous close.

However, marketmen said this is no reason for saying cheers. "It is all money game on the streets at present. The market is not moving as per fundamentals. The kind of volatility we are seeing for the past four-five days are not desirable for the healthy development of market... At any point, 400-500 points intra-day fluctuation is not good," said Sahara MF Chief Executive Naresh Garg.

For full details on (RELDA) RELDA. (RELDA) has Short Term PowerRatings at TradingMarkets. Details on (RELDA) Short Term PowerRatings is available at This Link.

More News: Market Updates | Stock Alerts | All Trading News

Disclaimer:

The Connors Group, Inc. ("Company") is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities or currencies customers should buy or sell for themselves. The analysts and employees or affiliates of Company may hold positions in the stocks, currencies or industries discussed here. You understand and acknowledge that there is a very high degree of risk involved in trading securities and/or currencies. The Company, the authors, the publisher, and all affiliates of Company assume no responsibility or liability for your trading and investment results. Factual statements on the Company's website, or in its publications, are made as of the date stated and are subject to change without notice.

It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable or that they will not result in losses. Past results of any individual trader or trading system published by Company are not indicative of future returns by that trader or system, and are not indicative of future returns which be realized by you. In addition, the indicators, strategies, columns, articles and all other features of Company's products (collectively, the "Information") are provided for informational and educational purposes only and should not be construed as investment advice. Examples presented on Company's website are for educational purposes only. Such set-ups are not solicitations of any order to buy or sell. Accordingly, you should not rely solely on the Information in making any investment. Rather, you should use the Information only as a starting point for doing additional independent research in order to allow you to form your own opinion regarding investments. You should always check with your licensed financial advisor and tax advisor to determine the suitability of any investment.

HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN INHERENT LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING AND MAY NOT BE IMPACTED BY BROKERAGE AND OTHER SLIPPAGE FEES. ALSO, SINCE THE TRADES HAVE NOT ACTUALLY BEEN EXECUTED, THE RESULTS MAY HAVE UNDER- OR OVER-COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN.

The Connors Group, Inc.
10 Exchange Place, Suite 1800
Jersey City, NJ 07302

All analyst commentary provided on TradingMarkets.com is provided for educational purposes only. The analysts and employees or affiliates of TradingMarkets.com may hold positions in the stocks or industries discussed here. This information is NOT a recommendation or solicitation to buy or sell any securities. Your use of this and all information contained on TradingMarkets.com is governed by the Terms and Conditions of Use. Please click the link to view those terms. Follow this link to read our Editorial Policy.