Thursday, July 14, 2011

Market View for Friday 15 Jul 2011


BSE Sensex

18618.20

Major Support

18449 – 18326

Major Resistance

18803 – 18843 – 18971


NSE Nifty

5599.80

Major Support

5541 – 5496

Major Resistance

5653 – 5697


The markets started off flat and managed to rally throughout the day with a big thumbs up. The last one hour was full of action as the indices cracked and sold off approximately 1.5% from the intraday highs. On the day end closing basis the indices have formed a spinning top formation which is an indecisive pattern and therefore for the trading today one needs to watch the highs and lows created yesterday as important levels. Resistance will be faced at all higher levels as the indices try to rally. More of less the indices are expected to trade at current levels as the quarterly earnings numbers keep coming out. For the Sensex watch support @ 18449 and for the Nifty @ 5541 levels. On the higher side Sensex has a resistance @ 18803 and the Nifty has it @ 5653 levels. These levels need to be closely watched as trend decider levels for the day today. Hold a scrip specific view….

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Tuesday, July 12, 2011

TIME

Dear Friends,

Came across a good article on the internet.

Looks good to be shared with you. It is a long mail. Do read it and i am sure you will like it...

First Thing Every Morning

If you had a bank that credited your account each morning with $86,400 - with no balance carried from day to day - what would you do?

Well, you do have such a bank...time.

Every morning it credits you with 86,400 seconds.

Every night it rules off as "lost" whatever you have failed to use toward good purposes. It carries over no balances and allows no overdrafts.

You can't hoard it, save it, store it, loan it or invest it. You can only use it and is called as – TIME.

Here's a story that drives the point home.

Arthur Berry was described by Time as "the slickest second-story man in the East," truly one of the most famous jewel thieves of all times. In his years of crime, he committed as many as 150 burglaries and stole jewels valued between $5 and $10 million. He seldom robbed from anyone not listed in the Social Register and often did his work in a tuxedo. On an occasion or two, when caught in the act of a crime by a victim, he charmed his way out of being reported to the police.

Like most people who engage in a life of crime, he was eventually caught, convicted and served 25 years in prison for his crimes. Following his release, he worked as a counterman in a roadside restaurant on the East Coast for $50 a week.

A newspaper reporter found him and interviewed him about his life. After telling about the thrilling episodes of his life he came to the conclusion of the interview saying, "I am not good at morals. But early in my life I was intelligent and clever, and I got along well with people. I think I could have made something of my life, but I didn't. So when you write the story of my life, when you tell people about all the burglaries, don't leave out the biggest one of all... Don't just tell them I robbed Jesse Livermore, the Wall Street baron or the cousin of the king of England. You tell them Arthur Berry robbed Arthur Berry."

Here are six terrific truths about time:

First: Nobody can manage time. But you can manage those things that take up your time.

Second: Time is expensive. As a matter of fact, 80 percent of our day is spent on those things or those people that only bring us two percent of our results.

Third: Time is perishable. It cannot be saved for later use.

Fourth: Time is measurable. Everybody has the same amount of time...pauper or king. It is not how much time you have; it is how much you use.

Fifth: Time is irreplaceable. We never make back time once it is gone.

Sixth: Time is a priority. You have enough time for anything in the world, so long as it ranks high enough among your priorities.

All the best,

Monday, July 11, 2011

Market View for Tuesday 12 Jul 2011


BSE Sensex

18721.39

Major Support

18679 – 18552 – 18323

Major Resistance

18843 – 18971 – 19084


NSE Nifty

5616.10

Major Support

5601 – 5566 – 5496

Major Resistance

5652 – 5697 – 5734


The markets corrected another day as the earnings season set off. Today Infosys to announce numbers and would be watched by all as the markets trade at crucial levels. For the day we need to watch the supports closely which if cracked could see the indices entering a correction. This could also take the indices down to the recent lows made in the last month. Supports come in @ 18679 for the Sensex and 5601 for the Nifty. Below these levels expect the indices to test all the levels mentioned above. On the higher side resistance will be faced by the Sensex @ 18843 and by the Nifty @ 5652 levels. Hold a Low profile for today…

Sunday, July 10, 2011

Market View for Monday 11 Jul 2011


BSE Sensex

18858.04

Major Support

18682 – 18447 – 18132

Major Resistance

19131 – 19811


NSE Nifty

5660.65

Major Support

5610 – 5534 – 5441

Major Resistance

5740 – 5944


The markets close the week on an indecisive note with Doji / Spinning Top formation on candlestick charts. This close is on the falling trend line joining the recent tops. This also marks the importance of this level as a resistance as the markets get ready for the first quarter earning numbers which start coming in from this week. The developments will be closely tracked by all market players as they try to reaffirm the strength of the markets which have recently witnessed an approx 8% rally. The choppiness in the markets is set to rise and dull announcements would have a negative effect on the markets. At the current juncture for investors to get in aggressively they need to wait for a breakout above this trend line resistance. The highs and lows made by the indices last week would play an important role of trend deciders for the immediate short term. Sensex has a resistance @ 19131 and Nifty has it @ 5740 levels. On the lower side supports come in @ 18682 for the Sensex and 5610 for the Nifty. A move above or below these levels could help the indices move in that direction for this month. Stocks could see speculative interests coming in as their earning dates arrive. These stocks could prove to be a risky bet for investment but traders could see this as an opportunity. Wish you profitable week ahead…