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!
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!
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!
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!
