Market View for Friday 02 Dec 2011

Index Levels

BSE Sensex 16483.45

Major Support 16430 – 16179

Major Resistance 16718 – 16807

NSE Nifty 4936.85

Major Support 4916 – 4851

Major Resistance 5011 – 5036


View
The markets witnessed a euphoric opening as they opened 2 to 3% higher. After this big opening the bull strength fizzled out and the markets traded sideways throughout the day. The choppiness was high and the strength failed to continue at higher levels. The markets have left a big gap with yesterdays trade and this would make the markets trade sideways and choppy for a few days from here. For today watch resistance @ 16718 for the Sensex and 5011 for the Nifty. On the lower side supports should be seen @ 16430 for the Sensex and 4916 for the Nifty. Hold a Low Profile…

Market View for Thursday 01 Dec 2011

Index Levels

BSE Sensex 16123.46

Major Support 15996 – 15868

Major Resistance 16197 – 16210 – 16297

NSE Nifty 4832.05

Major Support 4799 – 4766

Major Resistance 4851 – 4864 – 4873


View
The markets opened with a gap down opening taking cues from the Asian markets which were trading deep in the red. Our markets managed to move up from the intraday lows swinging both sides during the day to close more or less flat if compared to the earlier day closing. For today the markets are expected to open with a gap up opening. After such a opening normally the markets enter a sideways move to finally decide a direction in the last hours of trade. It is better that traders do not jump into a trade without proper discipline. Watch support for the Sensex @ 15996 and for the Nifty @ 4799 levels. On the higher side the next targets could be 16210 – 16297 for the Sensex and 4864 – 4873 for the Nifty. But at higher levels it is better to be cautious.

Market View for Tuesday 29 Nov 2011

Index Levels

BSE Sensex 16167.13 |

Major Support 16028 – 15890

Major Resistance 16297 – 16396

NSE Nifty 4851.30

Major Support 4810 – 4769

Major Resistance 4873 – 4915


View
The markets rejoiced as the first half was lead by the Asian markets which rallied by 2% and in the later part of the day the markets rallied with the help from European markets. With this jump the markets have managed to get back into the trading range of the last 4 months. Any sell off if now manages to hold between this range then our markets would be heading towards the upper end of this range in the coming two months. The market honchos have been advocating that a sell off will take the markets further down by 10 to 15%. There are a lot of positions which happen to be on the short side as analysts on all media channels preached a sell off. This too happened at a time when the new month contracts started to trade. During this new contract month if we have the markets staying in between the trading range then the later half of the month could see them running to cover their positions. For Tuesday watch support for the Sensex @ 16028 and for the Nifty @ 4810 levels. If the markets stay above these levels then they could see a move to test the resistances mentioned in the above table. Investors should lookout for nice pattern formations to come up in the Stock Assist. As for short term opportunity seekers take benefit of the Intraday Action Viewer built inside PROFISION PRO to pick the best opportunities in trading. It is now time to be a TIGER in the stock markets. If You Have Not Used The Intraday Action Viewer And Want 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.