Market View for Friday 18 Nov 2011

Index Levels:

BSE Sensex 16461.71

Major Support 16048 – 16270 – 16230
Major Resistance 16608 – 16754 – 16807

NSE Nifty 4934.75

Major Support 4919 – 4886 – 4861
Major Resistance 4980 – 5027 – 5036


View:

The markets opened flat and traded sideways throughout the day finally closing deep in the red as the European markets sold off in the afternoon hours. The Indian markets have witnessed massive selling in the past few days and are now expected to take a breather. Weakness is expected to continue with the overhang of the European crisis. For the Sensex watch support @ 16048 and for the Nifty @ 4919 levels. On the higher side watch resistance @ 16608 for the Sensex and 4980 for the Nifty. Hold a low profile for investments as of now. Concentrate in opportunities in the Intraday Trade. Keep a close eye on Intraday Action Viewer to pick the best opportunities in trading. It is now time to be a TIGER in the stock markets. Today Intraday Action Viewer made a profit of Rs.5543.55. Have you used the Intraday Action Viewer? If not and you want more information on it then call our support team on 020-66868686. Technical Analysis Guru – Mr.Kiran Jadhav has created magic with PROFISION PRO and you should take benefit of it. PRECISION TECHNICALS HAS REINVENTED INTRADAY TRADING. Use it to make money in these markets.

Market View for Thursday 17 Nov 2011

Index Levels

BSE Sensex 16775.87

Major Support 16641 – 16510 – 16413

Major Resistance 16878 – 16982 – 17081

NSE Nifty 5030.45

Major Support 4989 – 4964 – 4933

Major Resistance 5065 – 5099 – 5131


View
The markets opened flat but sold off with weak cues from the Asian markets. As the European markets started they signed a recovery which saw our markets correcting getting back in the green finally to close in the red. A choppy session amidst absurd volumes which kept coming and going throughout the day. Today could be nothing different and weakness with choppiness is expected to continue. Choppiness is something which traders need to take care of in their intraday positions. as of levels watch support @ 16641 for the Sensex and 4989 for the Nifty. The weakness could take the markets down to test further supports. On the higher side resistance should be watched @ 16878 for the Sensex and 5065 for the Nifty. Below these levels the weakness will persist. Keep a close eye on Intraday Action Viewer to pick the best opportunities in trading. Time to be a TIGER in the stock markets. Have you used the Intraday Action Viewer? If not and you want more information on it then call our support team on 020-66868686. Technical Analysis Guru – Mr.Kiran Jadhav has created magic with PROFISION PRO and you should take benefit of it. PRECISION TECHNICALS HAS REINVENTED INTRADAY TRADING. Use it to make money in these markets.

Market View for Wednesday 16 Nov 2011

Index Levels

BSE Sensex 16882.67

Major Support 16837 – 16669 – 16510

Major Resistance 16982 – 17081 – 17172

NSE Nifty 5068.50

Major Support 5052 – 5011 – 4964

Major Resistance 5099 – 5131 – 5158


View
The markets started the day on a dull note with most of the stocks trading sideways till the opening of the European markets. After 2 pm the markets witnessed a big sell off with all the stocks breaking their trading range for the day. The European markets cracked along with us with doubts on the recovery and fears of a recession. With today’s close the markets have cracked the crucial support and have entered back into the trading range of Sept and Oct. This now means firstly the indices would face resistance at the levels which they were taking at and secondly they would now try to test the lowers supports or the lower end of the range. The levels which would now act as resistance are 17081 – 17172 for the Sensex and 5131 – 5158 for the Nifty. Below these levels the weakness would continue with the bears winning over the bulls on most of the days. Gap up and gap down openings would be a cause of worry as the trend will be dictated by the positions held by traders. Global cues will continue to remain important for the markets as the next big triggers coming in on domestic front would be the tabling of policies in the winter season. Keep a close eye on Intraday Action Viewer to pick the best opportunities in trading. Time to be a TIGER in the stock markets. Intraday Action Viewer made a profit of Rs.5032.58 on Tuesday. If you have not used do not know how to use this feature inside PROFISION PRO then call our support team on 020-66868686. Technical Analysis Guru – Mr.Kiran Jadhav has created magic with PROFISION PRO and you should take benefit of it. PRECISION TECHNICALS HAS REINVENTED INTRADAY TRADING. Use it to make money in these markets.

Market View for Tuesday 15 Nov 2011

Index Levels

BSE Sensex 17118.74

Major Support 17096 – 16900 – 16744

Major Resistance 17233 – 17348 – 17391

NSE Nifty 5148.35

Major Support 5142 – 5085 – 5033

Major Resistance 5182 – 5217 – 5228


View
The markets opened with a gap up opening taking cues from the global markets which were rejoicing the election of new PM in Italy. This move failed to survive as the markets buckled under pressure again from Metals and Banks. SBI was again hit today with doubts on recovery of loans given to Kingfisher Airlines. Gap up and Gap down openings will continue to cause of concern as the intraday moves will be dictated by positions held by traders. Weakness continues but there is one sign of hope for the markets as they continue to survive above the lows made on last Friday. These are major supports coming in @ 17096 for the Sensex and 5142 for the Nifty. If these levels are broken then there would major cause for worry as then the markets would be gripped by bears which would try and take it down to test the lows made in Sept and Oct. on the higher side resistance should be watched @ 17233 – 17348 for the Sensex and 5182 – 5217 for the Nifty. Expect a choppy session going ahead which would try and search for triggers from firstly the global and secondly the domestic developments. Intraday Action Viewer made a profit of Rs.39926.63 today. If you have not used do not know how to use this feature inside PROFISION PRO then call our support team on 020-66868686. Technical Analysis Guru – Mr.Kiran Jadhav has created magic with PROFISION PRO and you should take benefit of it. PRECISION TECHNICALS HAS REINVENTED INTRADAY TRADING. Use it to make money in these markets.

Market View for Monday 14 Nov 2011

Index Levels:

BSE Sensex 17192.82

Major Support 17183 – 17092 – 16898
Major Resistance 17393 – 17593 – 17806

NSE Nifty 5168.85

Major Support 5142 – 5114 – 5084
Major Resistance 5230 – 5317 – 5358


View:

The last week saw the markets trading under pressure from Moody’s downgrade of the Indian Banking System which came on the day of State Bank Of India second quarter earning numbers. Metals too witnessed sell offs as the cues of a slowdown forced investors to lower their weightage in these stocks. Euro zone remains to be a problem for all the markets in the world. No country would afford a meltdown but the economic turnaround is cause of worry as it would be completely dependent on the way these countries take dare devil steps to fight the current situation. In India we are buried under many but one major single factor which is ‘Inflation’. With inflation rising the interest rates will keep going up and in this scenario no stock markets ever have managed to run northwards. India could have some respite if the Government manages to do something on the policy front. There are lot many sectors where a lot of things have to be done. India needs Infrastructure drastically and that could provide a major booster for the economy. The Banking sector has to see reforms which could strengthen the financial system. The Government needs to fight the opposition to get things on track. Let’s hope for the best and till then let’s be TIGERS in the stock markets. Let’s make merry on the trading opportunities which come our way everyday. Use the ‘INTRADAY ACTION VIEWER’ inside PROFISION PRO to catch all the trading opportunities. In the last one month which was mostly a dull activity month this feature has generated approx Rs.1 lakhs of profit in day trading. To know more call 020-66868686. Coming back to Technicals the markets are trading on crucial supports. This coming week will play an important role for the markets going ahead. If the markets survive the supports then they would try to test the recent high again. The moves would be driven by the cues and developments happening on domestic and the global front. With indecision prevailing markets could be gripped with dull days and sideways moves. As of levels watch 17092 – 16898 as major supports for the Sensex and 5114 – 5084 for the Nifty. On the higher side resistance should be watched @ 17593 for the Sensex and 5358 for the Nifty. Technical Analysis Guru - Mr.Kiran Jadhav has created magic with PROFISION PRO and you should be taking benefit of his experience. Use it to make money in these markets. PRECISION TECHNICALS HAS REINVENTED INTRADAY TRADING.

Market View for Monday 14 Nov 2011

Index Levels:

BSE Sensex 17192.82

Major Support 17183 – 17092 – 16898
Major Resistance 17393 – 17593 – 17806

NSE Nifty 5168.85

Major Support 5142 – 5114 – 5084
Major Resistance 5230 – 5317 – 5358


View:

The last week saw the markets trading under pressure from Moody’s downgrade of the Indian Banking System which came on the day of State Bank Of India second quarter earning numbers. Metals too witnessed sell offs as the cues of a slowdown forced investors to lower their weightage in these stocks. Euro zone remains to be a problem for all the markets in the world. No country would afford a meltdown but the economic turnaround is cause of worry as it would be completely dependent on the way these countries take dare devil steps to fight the current situation. In India we are buried under many but one major single factor which is ‘Inflation’. With inflation rising the interest rates will keep going up and in this scenario no stock markets ever have managed to run northwards. India could have some respite if the Government manages to do something on the policy front. There are lot many sectors where a lot of things have to be done. India needs Infrastructure drastically and that could provide a major booster for the economy. The Banking sector has to see reforms which could strengthen the financial system. The Government needs to fight the opposition to get things on track. Let’s hope for the best and till then let’s be TIGERS in the stock markets. Let’s make merry on the trading opportunities which come our way everyday. Use the ‘INTRADAY ACTION VIEWER’ inside PROFISION PRO to catch all the trading opportunities. In the last one month which was mostly a dull activity month this feature has generated approx Rs.1 lakhs of profit in day trading. To know more call 020-66868686. Coming back to Technicals the markets are trading on crucial supports. This coming week will play an important role for the markets going ahead. If the markets survive the supports then they would try to test the recent high again. The moves would be driven by the cues and developments happening on domestic and the global front. With indecision prevailing markets could be gripped with dull days and sideways moves. As of levels watch 17092 – 16898 as major supports for the Sensex and 5114 – 5084 for the Nifty. On the higher side resistance should be watched @ 17593 for the Sensex and 5358 for the Nifty. Technical Analysis Guru - Mr.Kiran Jadhav has created magic with PROFISION PRO and you should be taking benefit of his experience. Use it to make money in these markets. PRECISION TECHNICALS HAS REINVENTED INTRADAY TRADING.