Market View for Friday 13 Apr 2012

Index Levels


BSE Sensex 17332.62

Major Support 17276 – 17075 – 16920

Major Resistance 17395 – 17407 – 17553


NSE Nifty 5276.85

Major Support 5246 – 5190 – 5135

Major Resistance 5290 – 5338 – 5378



View

The markets traded flat as market players remained cautious of the earnings season which starts with Infosys on Friday. The guidance will play an important role in the direction of the markets. Let’s hope that the management does not disappoint us. The markets have continuously shown strength and this was again proved with the IIP numbers getting revised on the lower side but the markets continued to stay afloat. For today watch support @ 17276 for the Sensex and 5246 for the Nifty. On the higher side resistance comes in @ 17395 for the Sensex and 5290 for the Nifty. On disappointing results the markets are expected to tumble down today. Lets hope for the best. 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 Thursday 12 Apr 2012

Index Levels


BSE Sensex 17199.40

Major Support 17125 – 17075 – 16920

Major Resistance 17319 – 17407


NSE Nifty 5226.85

Major Support 5209 – 5190 – 5135

Major Resistance 5263 – 5282


View

The markets traded indecisive closing with a spinning top formation. The undercurrent remains positive. Tomorrow the result season starts and that could be decisive for the trigger less markets. for today watch support for the Sensex @ 17125 and for the Nifty @ 5209 levels. On the higher side resistance comes in @ 17319 for the Sensex and 5263 for the Nifty. The markets will trade choppy. 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 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 Wednesday 11 Apr 2012

Index Levels


BSE Sensex 17243.84

Major Support 17135 – 17105 – 16920

Major Resistance 17274 – 17314 – 17407


NSE Nifty 5243.60

Major Support 5211 – 5203 – 5135

Major Resistance 5255 – 5282 – 5338


View

The markets traded indecisive with the market players remaining cautious of the earnings season which starts Friday. The global cues are weak and our markets are expected to open low with gap down opening. Weakness will continue and it is quite possible that the markets would get a chance to prove their strengths as they reach the lower end of current range. Supports should be watched @ 17105 – 16920 for the Sensex and 5203 – 5135 for the Nifty. On the higher side resistance comes in @ 17274 for the Sensex and 5255 for the Nifty. Investors should wait for the moment as the stocks are not showing any good patterns. Traders should also be cautious and wait for confirmations before jumping onto stocks. 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 10 Apr 2012

Index Levels


BSE Sensex 17222.14

Major Support 17199 – 17117 – 17039 – 16920

Major Resistance 17314 – 17407 – 17553


NSE Nifty 5234.40

Major Support 5228 – 5206 – 5145 – 5135

Major Resistance 5260 – 5282 – 5338



View

The markets sold off confirming the short term resistance coming in from the falling trend line as mentioned in yesterday’s newsletter. The earnings season is set to start and therefore the markets are getting cautious of the outcome. On the global front Iran remains a problem in turn keeping the crude prices up. The current formation suggests that we are now heading for the lower end of the band. For today we need to watch resistance @ 17314 for the Sensex and 5260 for the Nifty. On the lower side watch support coming in @ 17199 for the Sensex and 5228 for the Nifty. The markets will trade choppy and therefore it is advisable to hold a low profile in case of all trading positions. Investor should wait for the moment for stocks to make good patterns on charts. 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 Monday 09 Apr 2012

Index Levels

BSE Sensex 17486.02

Major Support 17429 – 17382 – 16920

Major Resistance 17664 – 17687 – 17772 – 18040


NSE Nifty 5322.90

Major Support 5296 – 5278 – 5135

Major Resistance 5378 – 5385 – 5420 – 5499


View

The last week was a short week with 3 trading sessions. The first two days witnessed bullishness continued from the earlier week but the last day that is Wednesday was a little depressed with a gap down opening. The current formation of prices on the PROFISION charts tells us that the indices have formed two important levels for themselves and are range bound between these levels for now. The lower level remains the current lows which the indices respected when then sold off in the last week of March. The higher level comes in from a falling trend line which has formed on the extreme short term PROFISION charts drawn by joining the high of 22 Feb and 14 March. This falling trend line plays an important role in the immediate short term as it was respected by the markets on 3 April after which a small sell off was witnessed. With these reasoning the PROFISION charts suggest that going forward this week we need to watch 17664 as major resistance for the Sensex and 5378 for the Nifty. A breakout above these levels will give us a sigh of relief that the markets would at least head towards the recent highs so a move of 5 to 8% from current levels. On the lower side we need closely watch the support @ 16920 for the Sensex and 5135 for the Nifty. Between this range the markets should remain choppy. The next week will also witness the start of the flow of yearly earning numbers. According to me this won’t matter much as the markets continue to witness positive undercurrent till it stays above the crucial support mentioned above. Going forward some of the challenges for the our markets would remain in form of the rise in the crude price, any form of horrible announcement during the earning season, any hurdle created by the Government. Greece remains an issue but may not be a challenge – cause everyone knows that they have to be out of the ditch – sooner or later. The solution for them now is TIME. During the earnings season Intraday trades could be a risky if one does not follow discipline. Investors should wait for nice opportunities – enter all trades with proper stop loss. 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 market’<