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After a volatile week, the market has consolidated on Friday. The Nifty held around 8250-level firmly with support from IT, auto, pharma and FMCG stocks. The 50-share index ended at 8262.35, up 38.15 points or 0.5 percent while the Sensex was up 117.94 points or 0.4 percent at 27324. According to Ridham Desai, Managing Director, Morgan Stanley, 8000 is a good level for the Nifty. However, he continues to maintain his year-end Sensex target at 32500. He says macros and data points in India have improved in the last few months. Desai continues to remain bullish on equities and says the correction has given a good entry point to investors. He says the Indian market is still in a bull phase and the ongoing correction is a part of the bull market correction. Read more- http://www.reddit.com/r/FinancialPlanning/comments/361z8t/stocks_to_buy_on_monday_trading_tips_for_tomorrow/

Jeera prices continued its selloffs and finally closed at 17875 levels. As prices broke the long run ascending trend line support of 18050, sentiments turned bearish and currently prices need to break 45 day EMA support of 17524 for the correction to continue towards 17280 followed by 16940 levels. Further, the daily RSI (14) is still treading within the over bought zone, suggesting a near term lower correction on the cards. However, an acuterise above 18500 could extinguish the bearish tone and continue the upside rallies. Hence, we recommend to sell on pullbacks for the day.

Given the strength of the recent two-week move, it is not surprising or unhealthy to see small corrections like the selling that occurred yesterday, which was on light volume.

Over the last couple of months, we discussed about identifying a correct buy point using common chart pattern/base formation such as cup-with-handle, double bottom, and flat base. Along with the type of base, it is important to understand the stages of base.

Over the last couple of months, we discussed about identifying a correct buy point using common chart pattern/base formation such as cup-with-handle, double bottom, and flat base. Along with the type of base, it is important to understand the stages of base.

No investor knows where the bottom of this correction will be. What we do know is that looking back, every time there was an "emotional consensus, we were at another turning point.

A 2% gap down triggered fears of another quick correction as talk of a Greek default grew louder, but the market held in all day before surging sharply higher into the close.

The market averages have rebounded into resistance naking new buying risky and offering traders a chance to lock-in quick profits. Correction due.

Investors shouldn't expect the directional swings in the stock market to dissipate any time soon. But there's a silver lining to the dark clouds of a growing bear market. Sam Stovall tells us why.

Metals prices dropped dramatically. Should you buy on this dip or wait? Here's an indicator that might help you decide.

Hong Kong blue chips opened higher with a global rally caused by German and French efforts to ease Europe's credit concerns. Profit-taking cut into gains, but Hong Kong still ended sharply higher.

The Market is telling us it believes Europe can effectively address its bank and debt woes. Buyers getting aggressive, charts coming to life.

We are familiar with basic terminologies such as the bull market, bear market, and correction. In simple terms, a "bull market" is when the market moves higher and a "bear market" is when the market moves lower. However, one needs to understand that a new follow-through day and short-term uptrend do not necessarily signal a bull market. Similarly, short-term downtrend does not necessarily indicate a new bear market. These are common stock market misconceptions.

Reading stock charts and identifying the correct buy/sell point from the chart pattern/base formation is key skill of a successful investor. Learn what are the common chart patterns.