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!
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!
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!
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!
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!
