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!
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!
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!
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!
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!
