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
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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!
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!
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!
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!
