Market View for Friday 21 Sep 2012

Index Levels BSE Sensex 18349.25 | NSE Nifty 5554.25 Major Support 18292 – 18284 – 18062 | Major Support 5534 – 5528 – 5447 Major Resistance 18443 – 18580 – 18619 | Major Resistance 5581 – 5620 – 5631   View The markets opened with a gap down opening and continued to trade choppy. All this amidst the political turmoil happening with the government’s existence. As we get into trade today we need to closely watch supports @ 18292 for the Sensex and 5528 for the Nifty. These are important supports for the markets cause if these levels are broken then the indices could sell off big as they have a gap to fill. On the higher side resistance should be watched @ 18443 and 5581 for the Sensex and the Nifty. Between these levels expect the markets to trade choppy. Traders should enter trades only if the nifty moves either above or below these levels. Investors should continue their scrip specific approach. Happy Investing & Happy Educating!

Market View for Tuesday 18 Sep 2012

Index Levels

BSE Sensex   -   18542.31
Major Support         -   18480 – 18284 – 18062
Major Resistance   -   18619 – 18715


NSE Nifty   -  5610.00
Major Support        -     5585 – 5528 – 5447
Major Resistance  -     5631 – 5652




View

In the last 9 days the Nifty has witnessed a move from 5200 to 5600 levels. This was the fastest move in the last many months. Yesterday we witnessed a choppy trade with consolidation happening. Some amount of profit booking too was witnessed which is very natural for the markets to go through after witnessing a big rally. the consolidation and the type of move seen yesterday could continue today again with the markets staying choppy and corrective. The cues coming in from the global markets are indecisive. As of levels for today watch markets staying range bound between yesterdays high and low levels. Resistance for today would come in @ 18715 for the Sensex and 5652 for the Nifty. On the lower side support should be watched @ 18480 for the Sensex and 5585 for the Nifty. For today traders should avoid trades to holding low profile. Investors can take a scrip specific view but again with a low profile. Happy Investing & Happy Educating!

Market View for Monday 17 Sep 2012

Index Levels

BSE Sensex   -   18464.27

Major Support        -   18082 – 17701
Major Resistance  -   18523 – 19131 – 19811


NSE Nifty   -   5577.65

Major Support        -    5460 – 5343
Major Resistance  -    5629 – 5740 – 5944




View

The last two weeks have been packed with anxiety and action. Finally the government manages to be a bully and go ahead on the policy front. A step which was long awaited by our policy hungry country. These policies are not solutions on all our problems but atleast they mark the start of good work on account of the government. So we start the new week on an extreme positive note. With this also lets hope that the retail participation increases going forward. This move could give more confidence to the FII’s and this could in turn help the foreign fund flow to continue in our markets. Coming back lets look at Technicals using PROFISION charts. Let’s look at three different time frame charts. On the long term chart after making a top at near all time high levels in November 2010 the indices were in a steady down trend making lower tops and lower bottoms till we got a breakout above this level in January 2012. After this the markets made a new top if compared with the earlier top then correcting to take support on the falling trend line confirming the support and also the importance of this trend line. The move then again took the markets up to face resistance on a trend line plotted joining the all time high of Nov 2010 and the high made in Feb 2012. Amidst a lot of pessimism the markets gave us a breakout in the second week of August. The pessimism continued but the markets did not look back. On the extreme short terms charts this move helped the indices to make higher top and higher bottom formation suggesting an extreme positive sentiment. The current close in just near resistances coming in from the highs made by the indices in February 2012. A weekly close above these levels will mark a higher bottom and higher top formation on medium terms charts further suggesting that the markets are heading for all time high levels. For now everything looks good. Today we have the RBI policy and the expectations have now increased due to the initial positive initiative taken by the government. Everybody is expecting a rate cut and an otherwise decision could make the markets consolidate. Irrespective of the decision taken in the RBI policy the overall mood remains positive for now. Investors should hold a scrip specific view and wait for stocks to be picked by Stock Assist. Traders need to be TIGER’s. Happy Investing & Happy Educating!

Market View for Friday 14 Sep 2012

Index Levels

BSE Sensex   -   18021.16
Major Support          -    17976 – 17916 – 17884
Major Resistance    -    18062 – 18198 – 18249 – 18523


NSE Nifty   -   5435.35
Major Support         -      5421 – 5404 – 5393
Major Resistance   -      5447 – 5499 – 5537 – 5629



View

Finally the Diesel is in on the domestic front. Now we have clarity on the fuel hike front. The next positive was from the US markets where the Federal Reserve Chairman Ben Bernanke was strong and bullish enough to boost the US markets into a rally hitting multiple year highs. Taking cues from these events our markets are expected to open with a gap up opening. For the Sensex higher levels could be 18249 – 18523 and for the Nifty would be 5537 – 5629. An opening with a gap usually is risky cause the market tend to pause for a few hours in the intraday trade. Same could happen today and we could witness moves in the later half of the day. One thing is for sure that the mood for now is positive. A little help on policy front domestically could fuel a rally in our markets. Investors hold on it’s a weekly closing today. Traders Pro is the solution. Happy Investing & Happy Educating!

Market View for Thursday 13 Sep 2012

Index Levels


BSE Sensex   -   18000.03
Major Support         -     17916 – 17884 – 17711
Major Resistance   -     18012 – 18040 – 18198


NSE Nifty   -   5431.00
Major Support         -     5404 – 5393 – 5363
Major Resistance   -     5448 – 5499 – 5537



View

The markets traded strong with support from domestic as well as global cues. The decision taken by the German court being in favour of the European Union saw the overall global markets rally. As we move forward from here the markets should manage to trade with a positive undercurrent. The American markets are near 5 year highs and ideally if the FII’s are bringing in money India should not stay behind. Let’s wait and watch this optimistic view. For today watch support for the Sensex @ 17916 – 17884 and for the Nifty @ 5404 – 5393. Above these levels the markets would continue to trade strong. Today the cues coming in from global markets are indecisive and that could lead to our markets starting the trade flat later getting into a correction or consolidation. The choppiness could also be high as the indices now have reached the August month highs and therefore at these resistance levels the market players could get cautious. Investors should hold a scrip specific view. Stay with stocks picked by Stock Assist on end of the day basis. Traders should wait for opportunities in the intraday trade and remember to pick with confirmations. Happy Investing & Happy Educating!

Market View for Wednesday 12 Sep 2012

Index Levels


BSE Sensex   -   17852.95
Major Support        -   17711 – 17677 – 17575
Major Resistance  -   17867 – 17972

NSE Nifty   -   5390.00
Major Support        -    5363 – 5336 – 5309
Major Resistance  -    5399 – 5448




View

The markets traded choppy but stayed afloat and moved up. For today watch support @ 17711 for the Sensex and 5363 for the Nifty. Today the cues could be taken from the IIP numbers which come in @ 11 am and later from Germany. Open could be strong but the market could feel a little choppy before the events. On the higher side without any strong cues it is difficult for the markets to rally. Choppiness will remain high and trades should be entered with caution. Investors should hold a scrip specific view. Happy Investing & Happy Educating!

Market View for Tuesday 11 Sep 2012

Index Levels


BSE Sensex   -   17766.78

Major Support         -   17728 – 17694 – 17575
Major Resistance   -   17810 – 17822 – 17972

NSE Nifty   -   5363.45

Major Support        -    5349 – 5343 – 5309
Major Resistance  -    5375 – 5399 – 5448




View

The cues coming in from global markets today are weak and our markets are expected to open with a gap down opening. Closing yesterday on candlestick charts was a spinning top formation which suggests the current mood of the markets players which is indecisive. For today watch yesterday’s highs and lows as trend decider levels. At current levels the markets have reached a 50% correction of the move from 5400 to 5200 levels witnessed in August. This also makes the current level very crucial as the strength could weaken with the Nifty having left a gap as it moved up 4 days back. Nifty correcting down to 5240 cannot be denied at this point in time. Hold a scrip specific view… Happy Investing & Happy Educating!

Market View for Friday 07 Sep 2012

Index Levels

BSE Sensex   -   17346.27

Major Support        -      17294 – 17250
Major Resistance  -      17418 – 17509 – 17557


NSE Nifty   -   5238.40

Major Support        -       5217 – 5215
Major Resistance  -       5260 – 5278 – 5295




View

The markets closed the day again with an indecisive trade during the intraday trade. End of the day closing was a spinning top formation on candlestick charts suggesting indecisive mood. As we get ready to trade on the last day of the week we have positive cues coming in from Europe and the US. ECB chairman been positive has triggered in rally in the US markets which are testing 4 year highs and the asian markets too are trading with extreme bullishness. The markets today are expected to open with a gap up opening and this could be traded with caution. If the markets get into a range then it is advisable to wait for a breakout in the intraday trade to enter. As of levels the markets above the supports mentioned above would remain buoyant. Expect the markets to close above the falling trend line support. Hold a scrip specific view.. Happy Investing & Happy Educating!

Market View for Thursday 06 Sep 2012

Index Levels

BSE Sensex   -   17313.34

Major Support         -    17250 – 17197 – 17026
Major Resistance   -    17411 – 17509 – 17557

NSE Nifty   -   5225.70

Major Support         -       5215 – 5164
Major Resistance   -      5259 – 5278 – 5295




View


The markets traded indecisive but with overall weakness throughout the day yesterday. The Nifty is trading above the crucial trend line support. The price formations suggest that the markets are somehow waiting for something and therefore trading with narrow range in the intraday trade. The markets have a gap which they had left behind in the first week of August. At current levels the markets are expected to fill this gap and this could be a decisive moment. For the day watch support @ 17250 – 17197 for the Sensex and 5215 – 5164 for the Nifty. On the higher side resistance exists @ 17411 for the Sensex and 5258 for the Nifty. The markets with lack of triggers could continue to drift southwards. The strong hand in the markets are not selling huge as of now and it is now the government’s job to do something. Today the markets are expected to wait for triggers coming in from Europe. Hold a scrip specific view. Happy Investing & Happy Educating!

Market View for Wednesday 05 Sep 2012

Index Levels

BSE Sensex   -   17440.87

Major Support         -     17378 – 17308
Major Resistance   -     17509 – 17557 – 17605


NSE Nifty   -   5274.00

Major Support        -       5249 – 5233
Major Resistance  -       5295 – 5303 – 5342




View

The markets managed to take support on the trend line finally closing the day in the green. These levels are important for the days going forward. Watch support @ 17378 – 17308 for the Sensex and 5249 – 5233 for the Nifty. The markets should ideally survive these levels and could be broken only if the strong hand in the markets have given up hopes. Expect the markets to open with a gap down opening. But one needs to trade cautious today as the choppiness could be high. Hold a low profile. Happy Investing & Happy Educating!

Market View for Tuesday 04 Sep 2012

Index Levels

BSE Sensex   -   17384.40

Major Support         -    17349 – 17337 – 17313 – 17026
Major Resistance   -    17509 – 17557 – 17605

NSE Nifty   -   5253.75

Major Support         -     5243 – 5238 – 5164
Major Resistance   -     5295 – 5303 – 5342





View


The markets traded indecisive to close with a spinning top formation on end of the day charts. The closing suggests that yesterdays high and low are important levels for the markets today due to the formation. For today watch resistance @ 17509 for the Sensex and 5295 for the Nifty. On the lower side support should be watched @ 17337 for the Sensex and 5238 for the Nifty. These supports are important cause if they are broken then the markets would see the complete gains for August being wiped off. But without this happening the markets would trade indecisive and choppy. Hold a low profile. Happy Investing & Happy Educating!

Market View for Monday 03 Sep 2012

Index Levels

BSE Sensex   -   17429.56

Major Support         -    17337 – 17313 – 16919
Major Resistance   -    17599 – 17769 – 17972


NSE Nifty   -   5258.50

Major Support        -     5238 – 5129 – 5032
Major Resistance  -     5323 – 5387 – 5448



View


The markets sold off last week. This was more due to the profit booking of the rally witnessed in the August series. With this move the indices have now closed near crucial support levels. These levels come in from the falling trendline plotted after joining all the recent tops on the weekly charts. These levels are important cause if the markets dip below these levels then it would mean that the breakout above this resistance was false and this could make the markets sell off further. Below these levels the Nifty could see a slide down to 5000 levels. Till the time we stay above these levels expect the markets to consolidate with a view of gathering strength for the further move. This week watch support for the Sensex @ 17337 and 5238 for the Nifty. Get ready for a week which could be driven by stock specific action. Happy Investing & Happy Educating!

Market View for Friday 31 Aug 2012

Index Levels

BSE Sensex   -   17541.64

Major Support          -  17471 – 17417 – 17367
Major Resistance    -  17605 – 17651 – 17712


NSE Nifty   -   5315.05

Major Support          -   5255 – 5215
Major Resistance    -   5343 – 5359


View

The indices have taken support on the trendline plotted joining all the recent two year tops. This is a good sign for the markets and with this formation they have also proved that the undercurrent still is strong and the recent correction was nothing but profit booking of the recent rally from 5100 to 5400 for the Nifty. For today major watch support @ 17367 for the Sensex and 5255 for the Nifty. On the higher side resistance comes in @ 17712 for the Sensex and 5359 for the Nifty. Between these levels the choppy trade could continue. Scrip specific action will take the limelight for now. Happy Investing & Happy Educating!

Market View for Thursday 30 Aug 2012

Index Levels

BSE Sensex   -  17490.81

Major Support        -     17471 – 17417 – 17313
Major Resistance  -     17651 – 17712 – 17769

NSE Nifty   -  5287.80

Major Support        -      5281 – 5260 – 5215
Major Resistance  -      5315 – 5343 – 5359



View

August contracts expire today. The Nifty witnessed a move from 5100 to 5400 levels and this is what lead to profit booking which has been observed in the last 5 trading sessions. For today watch immediate support @ 17471 for the Sensex and 5281 for the Nifty. If these supports are cracked then expect the selling to take the markets down to 17313 for the Sensex and 5215 for the Nifty. On the higher side resistance comes in @ 17651 for the Sensex and 5315 for the Nifty. Below these the weakness should continue. Only if the markets manage to cross these levels then one should expect the markets to be back with the bulls. Investors should hold a scrip specific view and traders could catch opportunities in the intraday trade. Happy Investing & Happy Educating!

Market View for Wednesday 29 Aug 2012

Index Levels

BSE Sensex   -  17631.71

Major Support        -    17570 – 17471
Major Resistance   -   17712 – 17769 – 17820


NSE Nifty   -  5334.60

Major Support        -     5312 – 5294
Major Resistance  -     5359 – 5387 – 5399



View

The markets traded indecisive to close with a spinning top formation on end of the day candlestick chart patterns. Tomorrow is expiry and choppiness could continue. Indices have supports @ 17570 for the Sensex and 5312 for the Nifty. Below these levels major supports should be watched @ 17471 and 5294 for the two indices respectively. On the higher side for today watch resistance @ 17712 for the Sensex and 5359 for the Nifty. The markets could trade between the immediate support and resistances for today. Hold a scrip specific view. Happy Investing & Happy Educating!

Market View for Tuesday 28 Aug 2012

Index Levels


BSE Sensex   -  17678.81

Major Support         -    17622 – 17572 – 17471
Major Resistance   -    17769 – 17820 – 17972

NSE Nifty   -  5350.25

Major Support        -     5341 – 5328 – 5294
Major Resistance  -     5387 – 5399 – 5448




View


The markets steadily sold off yesterday. The current close for the markets is on the trend line plotted by joining all recent tops. Today would be an important day for the markets due to the levels at which they have closed. If we crack these supports then expect profit booking to set in. Also let’s not forget that the August contracts expire in the coming 2 days. For today watch support @ 17622 for the Sensex and 5341 for the Nifty. Below these levels the markets would test the lows made on 10th August. For the markets to stay in bull hands they would have to stay above 5400 which for the time being looks difficult but the charts would surely let us know if this has to happen. Hold a scrip specific view… Happy Investing & Happy Educating!

Market View for Monday 27 Aug 2012

Index Levels

BSE Sensex   -  17783.21

Major Support         -     17705 – 17522 – 17435
Major Resistance   -     17972 – 18040 – 18303 – 18523



NSE Nifty   -  5386.70

Major Support         -     5368 – 5350 – 5309 – 5260
Major Resistance   -     5448 – 5499 – 5561 – 5629




View

This is a an expiry week and could bring in choppiness in the markets. This series has witnessed the Nifty move up by approx 7%. The current levels that the markets are trading at are very crucial. The Nifty is trading at the trend line plotted after joining all recent tops. Profit booking could be witnessed if the markets dip below this trend line. This level exists at 5368 – 5350 levels. Watch these levels closely throughout the week. On the higher side major resistance exists @ 17972 for the Sensex and 5448 for the Nifty. Hold a scrip specific view. Happy Investing & Happy Educating!

Market View for Friday 24 Aug 2012

Index Levels

BSE Sensex  - 17850.22

Major Support         -    17792 – 17705 – 17622
Major Resistance   -    17972 – 18040 – 18303 – 18523


NSE Nifty  -  5415.35

Major Support         -    5393 – 5368 – 5341
Major Resistance   -    5448 – 5499 – 5561 – 5629


View

The markets opened with a gap up opening and managed to move up in the first half session but finally giving way to sell off during the last hour of trade. This is the type of price movement which we have observed thrice in this week. today is the last day of the week and we get into trade again without much triggers for the markets to move. This is s market where profits should be pocketed. Another observation this week has been that the Nifty manages to move up only if it finds support from the Bank Nifty. If the two charts are compared then they look identical. For today one needs to watch the highs and lows made yesterday as the day end closing on candlestick charts was a DOJI formation. This symbolizes indecision on bulls as well as bears. Lets not forget the August expiry is also coming near and this could further see the markets get choppy. This contract month has witnessed the Nifty move from 5100 levels to 5400 levels therefore it is quite possible that if the Nifty manages to stay above 5350 levels then we could see short covering coming in the markets in the last few days of expiry. But if the Nifty cracks below 5350 levels then that would mean most of traders have been long during this month and now profit booking is setting in. for today lets watch support @ 17792 for the Sensex and 5393 for the Nifty. On the higher side resistance comes in @ 17972 for the Sensex and 5448 for the Nifty. Between these levels it is advisable that traders hold a low profile. Investors should continue to have a scrip specific view. Happy Investing & Happy Educating!

Market View for Thursday 23 Aug 2012

Index Levels

BSE Sensex   -  17846.86

Major Support          -      17800 – 17705 – 17622
Major Resistance    -       17912 – 18040 – 18303 – 18523

NSE Nifty       -    5412.85

Major Support          -      5394 – 5368 – 5341
Major Resistance    -      5433 – 5499 – 5561 – 5629



View

The markets continued the bullish mood yesterday to start the day but failed to sustain the highs. For today again with lack of cues the markets should consolidate. Watch support @ 17800 for the Sensex and 5394 for the Nifty. If the markets stay above these levels then they would continue to hold. On the higher levels resistance exists @ 17912 – 18040 for the Sensex and 5433 – 5499 for the Nifty. Investors should hold a scrip specific view. Traders should wait for the right opportunity. Happy Investing & Happy Educating!

Market View for Wednesday 22 Aug 2012

Index Levels

BSE Sensex  - 17885.26

Major Support         -   17795 – 17705 – 17622
Major Resistance   -   18040 – 18303 – 18523

NSE Nifty  -  5421.00

Major Support         -   5380 – 5368 – 5341
Major Resistance   -   5499 – 5561 – 5629


View

The markets moved up again yesterday. The last hour of trade witnessed buying in most of the stocks which helped the index move up. Today the morning cues coming in from the global markets are dull and this could have a dampening effect on yesterday’s bullish sentiment. For today the direction could be best judged after the noon hours. In the morning we could see the markets consolidating / correcting to test supports but the overall undercurrent is expected to stay intact. Watch supports @ 5380 for the Nifty and 17795 for the Sensex. The day could be a flat to choppy today and traders should hold a low profile. Investors can hold a scrip specific view. Happy Investing & Happy Educating!

Market View for Tuesday 21 Aug 2012

Index Levels

BSE Sensex  - 17691.08

Major Support         -  17551 – 17522 – 17313
Major Resistance   -  17801 – 18040 – 18303 – 18523


NSE Nifty  -  5366.30

Major Support        -   5316 – 5309 – 5260
Major Resistance  -   5400 – 5499 – 5561 – 5629



View

The markets continued to move up again last week. The close has been above the falling trend line plotted joining all the tops from November 2010. This is one good sign for the markets. Now going forward from here the markets should use these levels as support and move up further from here. If this happens then we would the sentiments in the market improving to further help the indices move up. For this week watch 17522 as support for the Sensex and 5309 as support for the Nifty. On the higher side resistance comes in @ 17801 and 5400 for the Sensex and the Nifty respectively. For further bullishness the markets need to breach these sentimental barriers. Till the time the Nifty stays below these levels it would trade with extreme choppiness. Investors should hold a scrip specific view. Traders should wait for the right opportunities to get into the markets. Happy Investing & Happy Educating!

Market View for Friday 17 Aug 2012

Index Levels

BSE Sensex - 17657.21

Major Support       -     17640 – 17572 – 17522
Major Resistance -     17764 – 18040

NSE Nifty - 5362.95

Major Support        -       5356 – 5328 – 5309
Major Resistance  -       5390 – 5499



View

The market continues to trade as crucial levels. Today is the last day of the week and the day could again be clueless. Indices should continue to close above the supports mentioned above. This move will trigger an up move in the days to come. Scrip specific action should continue. On the higher side resistance for the day should be watched @ 17764 for the Sensex and 5390 for the Nifty. Range bound trade could continue. Happy Investing & Happy Educating!

Market View for Thursday 16 Aug 2012

Index Levels

BSE Sensex 17728.20

Major Support 17631 – 17572 – 17551
Major Resistance 17753 – 18040



NSE Nifty 5380.35

Major Support 5343 – 5328 – 5316 
Major Resistance 5387 – 5499


View


The markets closed with a bullish trend. The close is at crucial levels making new top and also a new high in the last 5 months. Today and tomorrow will be important as we need to watch whether the markets sustain above these levels. Resistance for the Sensex comes in @ 17753 and for the Nifty @ 5387 levels. If the markets sustain above these levels the indices are set to rally further without knocking doors. On the lower side supports come in @ 17631 and 5343 for the Sensex and the Nifty. The trade could be clueless to start off as only last two trading days left. Hold a scrip specific view. Happy Investing & Happy Educating!

Market View for Tuesday 14 Aug 2012

Index Levels

BSE Sensex - 17633.45

Major Support - 17551 – 17522 – 17471
Major Resistance - 17642 – 17726 – 18040

NSE Nifty - 5347.90

Major Support - 5316 – 5309 – 5294 
Major Resistance - 5352 – 5377 – 5499


View

The markets started the day sideways with a downward bias finally managing to move upwards in the closing hours. Today we have a host of cues starting from Inflation on the domestic front. As of now the markets have a resistance @ 17726 for the Sensex and 5377 for the Nifty. Above these levels the markets would be in good bull grip. For today one needs to watch a range of 17471 and 17726 for the Sensex and 5294 and 5377 for the Nifty. Between these levels intraday trade should be avoided. Happy Investing & Happy Educating!

Market View for Monday 13 Aug 2012

Index Levels

BSE Sensex - 17557.74
 
Major Support - 17435 – 17313  
Major Resistance - 17726 – 18040 – 18523

NSE Nifty  - 5320.40

Major Support - 5290 – 5285 – 5260
Major Resistance - 5377 – 5499 – 5629 


View

Last week the markets closed with a gain along with facing resistance at the highs made in second week of July. Due to this formation the price suggests that the current range for the Nifty could be 5039 and 5350 levels if we look at the horizontal support and resistance levels. If we plot a trendline joining the Feb highs and the July highs we still are trading above the trendline and this is a level which should be watched as immediate support for the markets. So for the markets to slide down to the lower band of the range @ 5039 the Nifty would have to break down below this trend line level @ 5285. Now if we look at the upsides for the Nifty then there is an important level which the Nifty needs to breach before it could start its upward rally. This resistance comes in from the highs made last week. Incidentally this level also is a resistance from down trend line drawn joining highs made in Nov 2010 and Feb 2012. For now expect the Nifty to trade in this range. We need to wait for a breakout to decide the further direction of the markets. This is a short week with the markets remaining closed on Wednesday. Tomorrow the Inflation numbers could provide some food for movement in the markets. This is moment when Investors and Traders both need to be cautious on the moves. Investors can hold a scrip specific view. Traders should indulge in low profile positions trading minimum lots or minimum quantity. A watchful week ahead. Happy Investing & Happy Educating!

Market View for Friday 10 Aug 2012

Index Levels

BSE Sensex 17560.87

Major Support 17516 – 17456 – 17417
Major Resistance 17702 – 17726


NSE Nifty 5322.95

Major Support 5312 – 5295 – 5281
Major Resistance 5368 – 5377 – 5385


View


The markets traded choppy to close with an indecisive spinning top pattern on candlestick charts. Today is the last day of the week and could again be same like the earlier two days. Also let’s remember that next week is a holiday week with Wednesday being a holiday on account of Independence day. For today watch yesterday’s high and low as crucial levels of support and resistance. Weakness could persist as we trade at the top end of the range of 5350 and 5040 levels. At these levels the weightage is more towards the down trade then the up trade. Hold a scrip specific view. Happy Investing & Happy Educating!

Market View for Wednesday 08 Aug 2012

Market View for Tuesday 07 Aug 2012

 
Index Levels


BSE Sensex 17412.96

Major Support 17313 – 17164 – 17026
Major Resistance 17451 – 17582 – 17631


NSE Nifty 5282.55

Major Support 5260 – 5195 – 5164
Major Resistance 5293 – 5336 – 5348




View
The markets opened with a gap up opening taking cues from the global markets. The later trade for the day was sideways. The current close is in between the gap which the markets had left in mid July. Yesterdays high and low will play an important role for the trade in the markets today. There are no serious cues coming in today and therefore the markets would be in search of triggers. If we cross resistance @ 17451 for the Sensex and 5293 for the Nifty we could have yesterday’s euphoria continuing further. Till the indices do not cross these resistances we could see consolidation happening in the markets. Traders should avoid trading in the consolidation. Investors should hold a scrip specific view and look at stocks which have come up in the stock assist. Happy Investing & Happy Educating!

Market View for Thursday 02 Aug 2012

Index Levels BSE Sensex 17257.38 | NSE Nifty 5240.50 Major Support 17189 – 17004 | Major Support 5220 – 5154 Major Resistance 17291 – 17342 – 17431 | Major Resistance 5246 – 5267 – 5286   View The markets traded flat in a very narrow range throughout the day yesterday. Today could be again a similar day as we lack domestic and global triggers. Going forward if the markets try to rally they have a major resistance coming in @ 17342 for the Sensex and 5267 for the Nifty. This is a level where the markets have left a gap of half % approx on both the indices. Crossing this level could see the markets touch the recent highs once again. But as of now this looks difficult but is surely something which one should closely watch. A consolidation today could see the Nifty trading between yesterdays high and low between 5220 and 5246 levels. Stock specific action could continue. Among front liners SBI could be in the limelight. It is time to be watchful. Hold a low profile. Happy Investing & Happy Educating!

Market View for Monday 30 Apr 2012

Index Levels BSE Sensex 17134.25 Major Support 17019 – 17008 – 16920 Major Resistance 17444 – 17530 – 17664 NSE Nifty 5190.60 Major Support 5154 – 5135 – 5076 Major Resistance 5310 – 5342 – 5378 View The markets have traded range bound for the last few weeks. Tomorrow being a holiday the markets are expected to stay dull today. For this week expect the markets to stay stuck between a range of 17019 and 17444 for the Sensex and 5154 and 5310 for the Nifty. Between this range the indices would remain choppy and trade would be difficult. Nothing much to write for today. Hold a scrip specific view. Happy Investing & Happy Educating! Remember – We Are Always By Your Side In Your Venture In The Stock Markets! Whenever in doubts call (020) 66 86 86 86. >>>>>>>>>>>>>>>>>>>>>>>>>>>>>> LAUNCHING SOON >>>>>>>>>>>>>>>>>>>>>>>>>>>>>> 1) MARKET VIEW ON YOUR MOBILE 2) COMMODITY TRADER – Pro (Intraday Technical Analysis Software for Commodities) 3) COMMODITY TRADER – Eod (Positional Signals on Commodities) 4) INTRADAY TA PICKS ON YOUR MOBILE >OUR MISSION - 'We are committed to empower you with products which will help you to win the stock markets’

Market View for Tuesday 24 Apr 2012

Index Levels BSE Sensex 17096.68 Major Support 17056 – 17010 – 16920 Major Resistance 17222 – 17347 – 17444 NSE Nifty 5200.60 Major Support 5187 – 5183 – 5135 Major Resistance 5239 – 5277 – 5310 View The markets sold off with scary news of a institutional investor left India for Singapore. The Finance Ministry clarified that no taxes would be levied on FII’s but that failed to support the markets. But today the day could be different and we could see a bounce back. TCS results are good and the guidance is better than NASSCOM’s guidance for the Technology sector companies. On Technical’s the markets are near support levels of the short term trading range that the markets are currently trading in. These levels should help the markets today. These supports come in between 17056 & 16920 for the Sensex and 5187 & 5135 for the Nifty. On the higher side resistance comes in @ 17222 for the Sensex and 5239 for the Nifty. Hold a scrip specific view for the day. Happy Investing & Happy Educating! Remember – We Are Always By Your Side In Your Venture In The Stock Markets! Whenever in doubts call (020) 66 86 86 86. LAUNCHING SOON 1) MARKET VIEW ON YOUR MOBILE 2) COMMODITY TRADER – Pro (Intraday Technical Analysis Software for Commodities) 3) COMMODITY TRADER – Eod (Positional Signals on Commodities) 4) INTRADAY TA PICKS ON YOUR MOBILE 5) OPTIONS TRADER – Pro (Intraday Technical Analysis Software for trading options of NIFTY & BANK NIFTY) >OUR MISSION - 'We are committed to empower you with products which will help you to win the stock markets’

Market View for Tuesday 24 Apr 2012

Index Levels BSE Sensex 17096.68 Major Support 17056 – 17010 – 16920 Major Resistance 17222 – 17347 – 17444 NSE Nifty 5200.60 Major Support 5187 – 5183 – 5135 Major Resistance 5239 – 5277 – 5310 View The markets sold off with scary news of a institutional investor left India for Singapore. The Finance Ministry clarified that no taxes would be levied on FII’s but that failed to support the markets. But today the day could be different and we could see a bounce back. TCS results are good and the guidance is better than NASSCOM’s guidance for the Technology sector companies. On Technical’s the markets are near support levels of the short term trading range that the markets are currently trading in. These levels should help the markets today. These supports come in between 17056 & 16920 for the Sensex and 5187 & 5135 for the Nifty. On the higher side resistance comes in @ 17222 for the Sensex and 5239 for the Nifty. Hold a scrip specific view for the day. Happy Investing & Happy Educating! Remember – We Are Always By Your Side In Your Venture In The Stock Markets! Whenever in doubts call (020) 66 86 86 86. >>>>>>>>>>>>>>>>>>>>>>>>>>>>>> LAUNCHING SOON >>>>>>>>>>>>>>>>>>>>>>>>>>>>>> 1) MARKET VIEW ON YOUR MOBILE 2) COMMODITY TRADER – Pro (Intraday Technical Analysis Software for Commodities) 3) COMMODITY TRADER – Eod (Positional Signals on Commodities) 4) INTRADAY TA PICKS ON YOUR MOBILE 5) OPTIONS TRADER – Pro (Intraday Technical Analysis Software for trading options of NIFTY & BANK NIFTY) >OUR MISSION - 'We are committed to empower you with products which will help you to win the stock markets’