Market View for Monday 06 Aug 2012

Index Levels

BSE Sensex 17197.93

Major Support 17058 – 16919 – 16598
Major Resistance 17291 – 17449 – 17631




NSE Nifty 5215.70
Major Support 5172 – 5129 – 5032
Major Resistance 5246 – 5283 – 5348





View

Last week one clear observation in the markets was the undercurrent. Every time the markets cracked they found support and moved up again. If the markets continue to move up from here then it would be a good sign confirming a higher bottom on short term charts. Going forward for the markets to confirm this, the markets have to move beyond resistance @ 17631 for the Sensex and 5348 for the Nifty. The charts suggest that the markets ideally should not crack and good money should keep coming in. This could be proved wrong only if the markets crack the recent lows of around 5000 done by the Nifty. So till such a time hold a scrip specific view. Happy Investing & Happy Educating!

Market View for Friday 03 Aug 2012

Index Levels

BSE Sensex 17224.36

Major Support 17157 – 17004 – 16919
Major Resistance 17245 – 17291 – 17342


NSE Nifty 5227.75

Major Support 5209 – 5154 – 5129 
Major Resistance 5237 – 5246 – 5267






View

The markets traded indecisive and range bound throughout the day yesterday. The indices have reached a major resistance from the gap that they had left in the mid of last month. Below this level the indices would stay choppy to weak. The opening today is expected to be weak. The cues coming in from the global markets are of weakness and Europe is something which could provide direction for the market today. Till noon the markets are expected to trade after opening. A day to hold a low profile till confirmed moves are signaled. For the markets to rally they have to cross levels of 17342 for the Sensex and 5267 for the Nifty. Happy Investing & Happy Educating!

Market View for Monday 30 Apr 2012

Index Levels BSE Sensex 17134.25 Major Support 17019 – 17008 – 16920 Major Resistance 17444 – 17530 – 17664 NSE Nifty 5190.60 Major Support 5154 – 5135 – 5076 Major Resistance 5310 – 5342 – 5378 View The markets have traded range bound for the last few weeks. Tomorrow being a holiday the markets are expected to stay dull today. For this week expect the markets to stay stuck between a range of 17019 and 17444 for the Sensex and 5154 and 5310 for the Nifty. Between this range the indices would remain choppy and trade would be difficult. Nothing much to write for today. 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 >OUR MISSION - 'We are committed to empower you with products which will help you to win the stock markets’

Market View for Thursday 26 Apr 2012

Index Levels BSE Sensex 17151.29 Major Support 17019 – 17010 – 16920 Major Resistance 17249 – 17347 – 17444 NSE Nifty 5202.00 Major Support 5160 – 5183 – 5135 Major Resistance 5236 – 5277 – 5310 View April contracts expire today. The markets have traded indecisive and range bound in approx the same levels for the last 2 days. For today watch support @ 17019 for the Sensex and 5160 for the Nifty. On the higher side watch resistance @ 17249 for the Sensex and 5236 for the Nifty. Between these levels the markets would stay choppy and it is advisable to trade on a breakout above or below these levels. Till now the markets have managed to sustain all the negative news which has come in the markets. Now for the markets to be saved going forward it is important for the positive news to flow in terms of policy developments or something which could make the strong hand in the markets happy. Hold a scrip specific view. A new version of PROFISION PRO released. Now it is built with Options data for Nifty and Bank Nifty. With this new addition you will be able to catch opportunities in the options markets. Get your copy updated… 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 >OUR MISSION - 'We are committed to empower you with products which will help you to win the stock markets’

Market View for Tuesday 24 Apr 2012

Index Levels BSE Sensex 17096.68 Major Support 17056 – 17010 – 16920 Major Resistance 17222 – 17347 – 17444 NSE Nifty 5200.60 Major Support 5187 – 5183 – 5135 Major Resistance 5239 – 5277 – 5310 View The markets sold off with scary news of a institutional investor left India for Singapore. The Finance Ministry clarified that no taxes would be levied on FII’s but that failed to support the markets. But today the day could be different and we could see a bounce back. TCS results are good and the guidance is better than NASSCOM’s guidance for the Technology sector companies. On Technical’s the markets are near support levels of the short term trading range that the markets are currently trading in. These levels should help the markets today. These supports come in between 17056 & 16920 for the Sensex and 5187 & 5135 for the Nifty. On the higher side resistance comes in @ 17222 for the Sensex and 5239 for the Nifty. Hold a scrip specific view for the day. 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 Friday 20 Apr 2012

Index Levels


BSE Sensex 17503.71

Major Support 17432 – 17361 – 17200

Major Resistance 17553 – 17664


NSE Nifty 5332.40


Major Support 5320 – 5291 – 5266

Major Resistance 5342 – 5378



View

The markets traded choppy and indecisive. The markets face resistance at these levels for the last two days. Reliance announces numbers today and the day could be driven by expectations of numbers. For today watch resistance @ 17553 for the Sensex and 5342 for the Nifty. Below these levels the indices would continue to face pressure. The trade could be scrip specific more than being index specific. On the lower side supports should be watched @ 17432 – 17361 for the Sensex and 5320 – 5291 for the Nifty. 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.

Market View for Thursday 19 Apr 2012

Index Levels


BSE Sensex 17392.39

Major Support 17371 – 17200 – 17103

Major Resistance 17447 – 17522


NSE Nifty 5300.00

Major Support 5293 – 5266 – 5208

Major Resistance 5320 – 5342



View

The markets traded sideways and flat. The closing remained on the falling trend line on the extreme short term charts. With the results season going on the market players are sticking to a cautious trade. For the indices watch resistance @ 17447 – 17522 for the Sensex and 5320 – 5342 for the Nifty. On the lower side watch supports @ 17200 – 17103 for the Sensex and 5266 – 5208 for the Nifty. With major results coming up in the next two three days expect the markets to stay between these levels. Hold a scrip specific vew… 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.