Market View for Friday 16 Dec 2011

Index Levels

BSE Sensex 15836.47

Major Support 15596 – 15479

Major Resistance 15908 – 16133

NSE Nifty 4746.35

Major Support 4673 – 4639

Major Resistance 4768 – 4839


View
The market direction is expe ted to be decided by the guidance coming out of the RBI policy today. More or less the markets are expected to remain stock specific and on the RBI policy.

Market View for Wednesday 14 Dec 2011

Index Levels

BSE Sensex 16002.51

Major Support 15890 – 15778 – 15645

Major Resistance 16079 – 16354

NSE Nifty 4800.60

Major Support 4767 – 4733 – 4693

Major Resistance 4824 – 4906


View
The markets traded choppy going up then down and finally a surprise move up in the closing trade. The markets were undecided as to the direction after the sell off on Monday. Today’s move could also be termed as a breather. The markets are trading on crucial supports coming in from levels of Aug, Sept, Oct and November 2011. These levels need to be watched closely as till the time the markets stay around these levels they would trade choppy. Wednesday to see the IIP numbers coming in and that could be a trigger for the markets after the noon hours. But till then the markets are expected to trade dull and lack luster. Hold a scrip specific view…

Market View for Tuesday 13 Dec 2011

Index Levels

BSE Sensex 15870.35

Major Support 15839 – 15478

Major Resistance 16112 – 16354

NSE Nifty 4764.60

Major Support 4755 – 4639

Major Resistance 4835 – 4906


View
The IIP data took it toll on the markets with the indices sinking deep in the red. With the American closing in the negative and the Asian markets too trading in the red our markets are expected to open in red. A relief rally could be on cards which could be a small one and on intraday basis. The trend continues to be down for now. For the Sensex watch support @ 15389 and for the Nifty @ 4755. On the higher side resistance comes in @ 16112 and 4835 for the Sensex and the Nifty respectively. Hold a scrip specific vew…

Market View for Monday 12 Dec 2011

Index Levels

BSE Sensex 16213.46

Major Support 16142 – 15890 – 15478
Major Resistance 16512 – 16812 – 17003

NSE Nifty 4866.70

Major Support 4841 – 4769 – 4639
Major Resistance 4951 – 5036 – 5099


View
The European leaders arrive at a mild solution for the crisis. We should ideally not be calling it as a solution but we can call it as a direction towards the solution. So finally the curtains are down and there were no negative vibes coming from Brussels last week. This should not help people now bring their focus back to India and players would now try to search for triggers on the domestic front. With the lack of triggers our markets could become dull again. But technically strong stocks will continue to show movements and those moves should be looked as opportunities in these markets. For the Sensex watch support @ 16142 and for the Nifty @ 4841 levels. Above these levels the markets would continue to trade cautious as it moves up. These are important supports above which markets would survive the bears. On the higher levels resistance could come in @ 16512 for the Sensex and 4951 for the Nifty. Breakout below supports could trigger a sell off. Hold a scrip specific view…