Market View for Thursday 29 Dec 2011

Index Levels:

BSE Sensex 15727.85

Major Support 15666 – 15546 – 15472
Major Resistance 15854 – 15887 – 16049

NSE Nifty 4705.80

Major Support 4685 – 4636 – 4601
Major Resistance 4731 – 4756 – 4800


View:

The markets are expected to start off on a weak note taking cues from the US markets. The afternoon trade to be dictated by the European markets which will start at 1.30 pm. Today also is the December derivatives contracts expiry and that could bring volatility in the markets. For the Sensex watch resistance @ 15854 and for the Nifty @ 4731 levels. Below these levels the markets would remain weak and test further supports down the line. Hold a scrip specific view.

Market View for Tuesday 27 Dec 2011

Index Levels

BSE Sensex 15970.75

Major Support 15876 – 15782 – 15761

Major Resistance 15998 – 16068 – 16133

NSE Nifty 4779.00

Major Support 4748 – 4718 – 4693

Major Resistance 4787 – 4818 – 4839


View
The markets stayed afloat as the European and the American markets remained closed. The beaten down market got into correction mode with most of the stocks moving up. Today again is expected to be another day which if is not disturbed with an negative news flow would see the overall markets moving up. Small moves and dull activity could also be seen as witnessed yesterday. Holding a low profile this week is the best strategy for the week. For today watch support for the Sensex @ 15876 and for the Nifty @ 4748 levels. On the higher side the next targets for the markets could be 15998 – 16068 for the Sensex and 4787 – 4818 for the Nifty. As the markets move to the higher levels they could get cautious and therefore all positions should be held with strict stop losses.

Market View for Monday 26 Dec 2011

Index Levels

BSE Sensex 15738.70

Major Support 15440 – 15135 – 14684

Major Resistance 15911 – 16354

NSE Nifty 4714.00

Major Support 4623 – 4531 – 4353

Major Resistance 4763 – 4906


View
The markets witnessed choppy trade finally managing to close the week in the green but below the crucial levels below which it had broken in the earlier week. The close overall continues to remain because it failed to penetrate above the crucial level. This is the last week for the calendar year and with most players enjoying holidays could further see a slide in the trading volumes. It also happens to be yearly accounts closing for most of the foreign institutional players. It is said that the month of December sees a good closing because of accounts closing. This time could be different till we trade below the crucial levels. Major Resistance should be watched @ 15911 for the Sensex and 4763 for the Nifty. If the markets sustain above these levels then expect the markets to get into a consolidation phase. This could happen if the negative news flows stop coming in the markets. Europe continues to be a hanging sword on the markets. With elections scheduled in 5 states in the coming 3 months could further see a slide on the policy making process. This is a sentiment dampner for the markets. Also starting January we would witness earnings numbers for the 3rd quarter flowing in and that could bring in all kind of moods back – good, bad and ugly. From the earnings witnessed till now they do not seem to favour any spicy treat for the markets. The next big trigger for the markets would be budget and I wish the decision makers do give some life to the markets through a good budget. Lets hope for the best.

Market View for Tuesday 20 Dec 2011

Index Levels

BSE Sensex 15379.34

Major Support 15190 – 14684

Major Resistance 15440 – 15923 – 16354

NSE Nifty 4613.10

Major Support 4555 – 4538 – 4353

Major Resistance 4623 – 4779 – 4906


View
The markets traded sideways moving up and down with the final volatility being added by the European markets. The movement is expected to remain same throughout the month. Our markets now need domestic triggers which would help them move as per our own sentiments. This could also bring in good trading markets. Till such a time expect volatility to stay. Today watch support @ 15190 for the Sensex and 4555 for the Nifty. These are the levels from where the markets witnessed a rebound. These levels now will play a crucial role as important supports. Above these levels the beaten down markets would try to enjoy a breather. Upsides could be limited to 15923 for the Sensex and 4779 for the Nifty. Lets not forget that after the breakdown the markets have not tested back those levels and that’s what will happen today or tomorrow. The moves will be decided as per the market’s reaction when it reaches these levels. Scrip specific action to continue.

Market View for Monday 19 Dec 2011

Index Levels

BSE Sensex 15491.35

Major Support 15425 – 15330 – 14684

Major Resistance 15923 – 16354

NSE Nifty 4651.60

Major Support 4628 – 4538 – 4353

Major Resistance 4779 – 4906


View
The markets closed on a weak note as the RBI failed to give vitamins to the energy stripped markets. Europe crisis continue to loom over the markets as we continue to trade with lot of weakness and a lot negative sentiments going round and round on the business channels and newspapers. The charts of the major world indices suggest that the American markets are better placed than the rest of the markets in the world. Out of the two pillars which support the sentiments in India – US and Europe only one is facing a major problem as of now. This is a positive for the markets. The domestic cues continue to remain subdued but with the markets as a whole are trading in oversold territories. The markets this week are mostly expected to trade duckish with small moves and dull trades with low volumes. Scrip specific action would continue but risk would remain very high. Watch immediate supports for the Sensex @ 15425 and for the Nifty @ 4628 levels. These are major face saving levels for the two indices. If these levels hold then the indecisive sentiment would continue. Only a breakout below these levels would bring in big moves in the markets. As of resistance levels for the Sensex watch it @ 15923 and for the Nifty @ 4779 levels. Follow Intraday Action Viewer to make money in the intraday markets.

Market View for Friday 16 Dec 2011

Index Levels

BSE Sensex 15836.47

Major Support 15596 – 15479

Major Resistance 15908 – 16133

NSE Nifty 4746.35

Major Support 4673 – 4639

Major Resistance 4768 – 4839


View
The market direction is expe ted to be decided by the guidance coming out of the RBI policy today. More or less the markets are expected to remain stock specific and on the RBI policy.

Market View for Wednesday 14 Dec 2011

Index Levels
BSE Sensex 16002.51

Major Support 15890 – 15778 – 15645

Major Resistance 16079 – 16354

NSE Nifty 4800.60

Major Support 4767 – 4733 – 4693

Major Resistance 4824 – 4906


View
The markets traded choppy going up then down and finally a surprise move up in the closing trade. The markets were undecided as to the direction after the sell off on Monday. Today’s move could also be termed as a breather. The markets are trading on crucial supports coming in from levels of Aug, Sept, Oct and November 2011. These levels need to be watched closely as till the time the markets stay around these levels they would trade choppy. Wednesday to see the IIP numbers coming in and that could be a trigger for the markets after the noon hours. But till then the markets are expected to trade dull and lack luster. Hold a scrip specific view…

Market View for Tuesday 13 Dec 2011

Index Levels

BSE Sensex 15870.35

Major Support 15839 – 15478

Major Resistance 16112 – 16354

NSE Nifty 4764.60

Major Support 4755 – 4639

Major Resistance 4835 – 4906


View
The IIP data took it toll on the markets with the indices sinking deep in the red. With the American closing in the negative and the Asian markets too trading in the red our markets are expected to open in red. A relief rally could be on cards which could be a small one and on intraday basis. The trend continues to be down for now. For the Sensex watch support @ 15389 and for the Nifty @ 4755. On the higher side resistance comes in @ 16112 and 4835 for the Sensex and the Nifty respectively. Hold a scrip specific vew…

Market View for Monday 12 Dec 2011

Index Levels

BSE Sensex 16213.46

Major Support 16142 – 15890 – 15478
Major Resistance 16512 – 16812 – 17003

NSE Nifty 4866.70

Major Support 4841 – 4769 – 4639
Major Resistance 4951 – 5036 – 5099


View
The European leaders arrive at a mild solution for the crisis. We should ideally not be calling it as a solution but we can call it as a direction towards the solution. So finally the curtains are down and there were no negative vibes coming from Brussels last week. This should not help people now bring their focus back to India and players would now try to search for triggers on the domestic front. With the lack of triggers our markets could become dull again. But technically strong stocks will continue to show movements and those moves should be looked as opportunities in these markets. For the Sensex watch support @ 16142 and for the Nifty @ 4841 levels. Above these levels the markets would continue to trade cautious as it moves up. These are important supports above which markets would survive the bears. On the higher levels resistance could come in @ 16512 for the Sensex and 4951 for the Nifty. Breakout below supports could trigger a sell off. Hold a scrip specific view…

Market View for Friday 09 Dec 2011

Index Levels

BSE Sensex 16488.24

Major Support 16421 – 16179 – 15996
Major Resistance 16653 – 16819 – 16847

NSE Nifty 4943.65

Major Support 4921 – 4851 – 4799
Major Resistance 4990 – 5037 – 5049


View

The markets feel the heat as players become cautious with the Euro meet scheduled today and tomorrow. It is make or break time for the Euro zone and along with it all the global markets round the world. If the Euro zone is not saved then a lot of hidden facts will come to surface and send our markets spiraling down to achieve all the analyst expectations. And if it is saved then there could be a crazy gap up opening for the markets which would sustain till the outcome is justified. This means that with a positive outcome we should ideally be able to hold a major sell off. It would not be able to improve the balance sheets immediately but could help in improving the sentiment and would act as a new sign of hope. This could also see the comeback of participants who have been sitting on the sidelines for a lot many days now. For the Sensex resistance comes in @ 16653 and for the Nifty @ 4990 levels. Below these levels and before we have the details of the outcome of the Euro leaders meet the markets would remain under pressure. Weakness could take the markets down to test all the supports mentioned. A gap down opening should be traded carefully as there are chances that with a gap down opening the markets could move into a sideways band and later in the noon decide its direction as the European markets open. As for stocks continue have positions with strict stop loss. Make use of Intraday Action Viewer built in PROFISION PRO.

Market View for Thursday 08 Dec 2011

Index Levels

BSE Sensex 16877.06

Major Support 16781 – 16691 – 16670
Major Resistance 17003 – 17081

NSE Nifty 5062.60

Major Support 5032 – 5002 – 4995
Major Resistance 5099 – 5158


View

The markets traded indecisive and closed with a spinning top formation on candlestick charts. To start off the markets started strong but as the European markets failed to show strength our markets too gave some of the gains from the highs of yesterday. For today the markets would remain cautious before the crucial Euro zone meet coming up tomorrow. Dull activity to continue for today and tomorrow. As of levels watch support for the Sensex @ 16781 and for the Nifty @ 5032 levels. On the higher side resistance should be watched @ 17003 for the Sensex and 5099 for the Nifty. Hold a low profile…

Market View for Friday 02 Dec 2011

Index Levels

BSE Sensex 16483.45

Major Support 16430 – 16179

Major Resistance 16718 – 16807

NSE Nifty 4936.85

Major Support 4916 – 4851

Major Resistance 5011 – 5036


View
The markets witnessed a euphoric opening as they opened 2 to 3% higher. After this big opening the bull strength fizzled out and the markets traded sideways throughout the day. The choppiness was high and the strength failed to continue at higher levels. The markets have left a big gap with yesterdays trade and this would make the markets trade sideways and choppy for a few days from here. For today watch resistance @ 16718 for the Sensex and 5011 for the Nifty. On the lower side supports should be seen @ 16430 for the Sensex and 4916 for the Nifty. Hold a Low Profile…

Market View for Thursday 01 Dec 2011

Index Levels

BSE Sensex 16123.46

Major Support 15996 – 15868

Major Resistance 16197 – 16210 – 16297

NSE Nifty 4832.05

Major Support 4799 – 4766

Major Resistance 4851 – 4864 – 4873


View
The markets opened with a gap down opening taking cues from the Asian markets which were trading deep in the red. Our markets managed to move up from the intraday lows swinging both sides during the day to close more or less flat if compared to the earlier day closing. For today the markets are expected to open with a gap up opening. After such a opening normally the markets enter a sideways move to finally decide a direction in the last hours of trade. It is better that traders do not jump into a trade without proper discipline. Watch support for the Sensex @ 15996 and for the Nifty @ 4799 levels. On the higher side the next targets could be 16210 – 16297 for the Sensex and 4864 – 4873 for the Nifty. But at higher levels it is better to be cautious.

Market View for Tuesday 29 Nov 2011

Index Levels

BSE Sensex 16167.13 |

Major Support 16028 – 15890

Major Resistance 16297 – 16396

NSE Nifty 4851.30

Major Support 4810 – 4769

Major Resistance 4873 – 4915


View
The markets rejoiced as the first half was lead by the Asian markets which rallied by 2% and in the later part of the day the markets rallied with the help from European markets. With this jump the markets have managed to get back into the trading range of the last 4 months. Any sell off if now manages to hold between this range then our markets would be heading towards the upper end of this range in the coming two months. The market honchos have been advocating that a sell off will take the markets further down by 10 to 15%. There are a lot of positions which happen to be on the short side as analysts on all media channels preached a sell off. This too happened at a time when the new month contracts started to trade. During this new contract month if we have the markets staying in between the trading range then the later half of the month could see them running to cover their positions. For Tuesday watch support for the Sensex @ 16028 and for the Nifty @ 4810 levels. If the markets stay above these levels then they could see a move to test the resistances mentioned in the above table. Investors should lookout for nice pattern formations to come up in the Stock Assist. As for short term opportunity seekers take benefit of the Intraday Action Viewer built inside PROFISION PRO to pick the best opportunities in trading. It is now time to be a TIGER in the stock markets. If You Have Not Used The Intraday Action Viewer And Want Information On It Then Call Our Support Team On 020-66868686. TECHNICAL ANALYSIS GURU – MR.KIRAN JADHAV HAS CREATED MAGIC WITH PROFISION PRO AND YOU SHOULD TAKE BENEFIT OF IT. PRECISION TECHNICALS HAS REINVENTED INTRADAY TRADING. Use it to make money in these markets.

Market View for Friday 25 Nov 2011

Index Levels

BSE Sensex 15858.49

Major Support 15715 – 15479

Major Resistance 15901 – 15969 – 16212

NSE Nifty 4756.45

Major Support 4707 – 4639

Major Resistance 4771 – 4779 – 4854


View
The markets traded choppy to finally close the day in the green. The picture today again seems gloomy with the global cues on the negative side. It is the last day of the week and the new contracts are expected to start on a dull note. for today watch support for the Sensex @ 15715 – 15479 and for the Nifty @ 4707 – 4639 levels. On the higher side resistance comes in @ 15901 for the Sensex and 4771 for the Nifty. Investors should continue to hold a low profile and wait for nice pattern formations to come up in the Stock Assist. As for short term opportunity seekers take benefit of the Intraday Action Viewer built inside PROFISION PRO to pick the best opportunities in trading. It is now time to be a TIGER in the stock markets. If You Have Not Used The Intraday Action Viewer And Want Information On It Then Call Our Support Team On 020-66868686. TECHNICAL ANALYSIS GURU – MR.KIRAN JADHAV HAS CREATED MAGIC WITH PROFISION PRO AND YOU SHOULD TAKE BENEFIT OF IT. PRECISION TECHNICALS HAS REINVENTED INTRADAY TRADING. Use it to make money in these markets.

Market View for Thursday 24 Nov 2011

Index Levels

BSE Sensex 15699.97

Major Support 15478 – 15340

Major Resistance 15834 – 15969

NSE Nifty 4706.45

Major Support 4640 – 4550

Major Resistance 4742 – 4779


View
The markets sold off yesterday cracking the supports coming in from Oct & Sept 2011. Today the markets would try to come above these levels and the trade is expected to be dull. The global cues continue to remain weak and on the domestic front too there is nothing spicy happening. For the day watch support @ 15478 for the Sensex and 4640 for the Nifty. On the higher side watch resistance @ 15834 for the Sensex and 4742 for the Nifty. November contracts expire today. Investors should continue to hold a low profile and wait for nice pattern formations to come up in the Stock Assist. As for short term opportunity seekers take benefit of the Intraday Action Viewer built inside PROFISION PRO to pick the best opportunities in trading. It is now time to be a TIGER in the stock markets. Today Intraday Action Viewer made a profit of Rs. 11853.49. If You Have Not Used The Intraday Action Viewer And Want Information On It Then Call Our Support Team On 020-66868686. TECHNICAL ANALYSIS GURU – MR.KIRAN JADHAV HAS CREATED MAGIC WITH PROFISION PRO AND YOU SHOULD TAKE BENEFIT OF IT. PRECISION TECHNICALS HAS REINVENTED INTRADAY TRADING. Use it to make money in these markets.

Market View for Tuesday 22 Nov 2011

Index Levels

BSE Sensex 15946.10

Major Support 15900 – 15765 – 15745

Major Resistance 16121 – 16297 – 16387

NSE Nifty 4778.35

Major Support 4764 – 4728 – 4720

Major Resistance 4826 – 4874 – 4915


View
The markets traded dull and with low volumes finally giving way as the European markets started to trade deep in the red in the afternoon. For Tuesday if the markets open flat then they would find support immediately below the below the levels where they are right now trading. If they open with gap up opening then it could be another dull day dictated by the European markets. Supports should be watched @ 15765 – 15745 levels for the Sensex and 4728 – 4720 for the Nifty. These levels can hold the current sell off in the markets. This week the November contracts are set to expire and they could bring in high level of choppiness in the markets. The markets could experience a relief rally if they open flat and could test 16387 on the higher side for the Sensex and 4915 for the Nifty. Investors should continue to hold a low profile and wait for nice pattern formations to come up in the Stock Assist. As for short term opportunity seekers take benefit of the Intraday Action Viewer built inside PROFISION PRO to pick the best opportunities in trading. It is now time to be a TIGER in the stock markets. Today Intraday Action Viewer made a profit of Rs. 11420.35. If You Have Not Used The Intraday Action Viewer And Want Information On It Then Call Our Support Team On 020-66868686. TECHNICAL ANALYSIS GURU – MR.KIRAN JADHAV HAS CREATED MAGIC WITH PROFISION PRO AND YOU SHOULD TAKE BENEFIT OF IT. PRECISION TECHNICALS HAS REINVENTED INTRADAY TRADING. Use it to make money in these markets.

Market View for Friday 18 Nov 2011

Index Levels:

BSE Sensex 16461.71

Major Support 16048 – 16270 – 16230
Major Resistance 16608 – 16754 – 16807

NSE Nifty 4934.75

Major Support 4919 – 4886 – 4861
Major Resistance 4980 – 5027 – 5036


View:

The markets opened flat and traded sideways throughout the day finally closing deep in the red as the European markets sold off in the afternoon hours. The Indian markets have witnessed massive selling in the past few days and are now expected to take a breather. Weakness is expected to continue with the overhang of the European crisis. For the Sensex watch support @ 16048 and for the Nifty @ 4919 levels. On the higher side watch resistance @ 16608 for the Sensex and 4980 for the Nifty. Hold a low profile for investments as of now. Concentrate in opportunities in the Intraday Trade. Keep a close eye on Intraday Action Viewer to pick the best opportunities in trading. It is now time to be a TIGER in the stock markets. Today Intraday Action Viewer made a profit of Rs.5543.55. Have you used the Intraday Action Viewer? If not and you want more information on it then call our support team on 020-66868686. Technical Analysis Guru – Mr.Kiran Jadhav has created magic with PROFISION PRO and you should take benefit of it. PRECISION TECHNICALS HAS REINVENTED INTRADAY TRADING. Use it to make money in these markets.

Market View for Thursday 17 Nov 2011

Index Levels

BSE Sensex 16775.87

Major Support 16641 – 16510 – 16413

Major Resistance 16878 – 16982 – 17081

NSE Nifty 5030.45

Major Support 4989 – 4964 – 4933

Major Resistance 5065 – 5099 – 5131


View
The markets opened flat but sold off with weak cues from the Asian markets. As the European markets started they signed a recovery which saw our markets correcting getting back in the green finally to close in the red. A choppy session amidst absurd volumes which kept coming and going throughout the day. Today could be nothing different and weakness with choppiness is expected to continue. Choppiness is something which traders need to take care of in their intraday positions. as of levels watch support @ 16641 for the Sensex and 4989 for the Nifty. The weakness could take the markets down to test further supports. On the higher side resistance should be watched @ 16878 for the Sensex and 5065 for the Nifty. Below these levels the weakness will persist. Keep a close eye on Intraday Action Viewer to pick the best opportunities in trading. Time to be a TIGER in the stock markets. Have you used the Intraday Action Viewer? If not and you want more information on it then call our support team on 020-66868686. Technical Analysis Guru – Mr.Kiran Jadhav has created magic with PROFISION PRO and you should take benefit of it. PRECISION TECHNICALS HAS REINVENTED INTRADAY TRADING. Use it to make money in these markets.

Market View for Wednesday 16 Nov 2011

Index Levels

BSE Sensex 16882.67

Major Support 16837 – 16669 – 16510

Major Resistance 16982 – 17081 – 17172

NSE Nifty 5068.50

Major Support 5052 – 5011 – 4964

Major Resistance 5099 – 5131 – 5158


View
The markets started the day on a dull note with most of the stocks trading sideways till the opening of the European markets. After 2 pm the markets witnessed a big sell off with all the stocks breaking their trading range for the day. The European markets cracked along with us with doubts on the recovery and fears of a recession. With today’s close the markets have cracked the crucial support and have entered back into the trading range of Sept and Oct. This now means firstly the indices would face resistance at the levels which they were taking at and secondly they would now try to test the lowers supports or the lower end of the range. The levels which would now act as resistance are 17081 – 17172 for the Sensex and 5131 – 5158 for the Nifty. Below these levels the weakness would continue with the bears winning over the bulls on most of the days. Gap up and gap down openings would be a cause of worry as the trend will be dictated by the positions held by traders. Global cues will continue to remain important for the markets as the next big triggers coming in on domestic front would be the tabling of policies in the winter season. Keep a close eye on Intraday Action Viewer to pick the best opportunities in trading. Time to be a TIGER in the stock markets. Intraday Action Viewer made a profit of Rs.5032.58 on Tuesday. If you have not used do not know how to use this feature inside PROFISION PRO then call our support team on 020-66868686. Technical Analysis Guru – Mr.Kiran Jadhav has created magic with PROFISION PRO and you should take benefit of it. PRECISION TECHNICALS HAS REINVENTED INTRADAY TRADING. Use it to make money in these markets.

Market View for Tuesday 15 Nov 2011

Index Levels

BSE Sensex 17118.74

Major Support 17096 – 16900 – 16744

Major Resistance 17233 – 17348 – 17391

NSE Nifty 5148.35

Major Support 5142 – 5085 – 5033

Major Resistance 5182 – 5217 – 5228


View
The markets opened with a gap up opening taking cues from the global markets which were rejoicing the election of new PM in Italy. This move failed to survive as the markets buckled under pressure again from Metals and Banks. SBI was again hit today with doubts on recovery of loans given to Kingfisher Airlines. Gap up and Gap down openings will continue to cause of concern as the intraday moves will be dictated by positions held by traders. Weakness continues but there is one sign of hope for the markets as they continue to survive above the lows made on last Friday. These are major supports coming in @ 17096 for the Sensex and 5142 for the Nifty. If these levels are broken then there would major cause for worry as then the markets would be gripped by bears which would try and take it down to test the lows made in Sept and Oct. on the higher side resistance should be watched @ 17233 – 17348 for the Sensex and 5182 – 5217 for the Nifty. Expect a choppy session going ahead which would try and search for triggers from firstly the global and secondly the domestic developments. Intraday Action Viewer made a profit of Rs.39926.63 today. If you have not used do not know how to use this feature inside PROFISION PRO then call our support team on 020-66868686. Technical Analysis Guru – Mr.Kiran Jadhav has created magic with PROFISION PRO and you should take benefit of it. PRECISION TECHNICALS HAS REINVENTED INTRADAY TRADING. Use it to make money in these markets.

Market View for Friday 11 Nov 2011

Index Levels

BSE

Sensex 17362.10

Major Support 17278 – 17133 – 16900
Major Resistance 17502 – 17641 – 17658

NSE Nifty 5221.05

Major Support 5201 – 5164 – 5085
Major Resistance 5265 – 5309 – 5317


View
The markets sold off with SBI cracking approximately 7% after its numbers. The sell off was mostly due to the downgrade of the banking system by rating agency Moody’s. The concerns and the unclear approach of the Government on the NPA’s and the further infusion of new money for loans to continue is a major cause of worry. The crisis surely is not as big as the European Union but this also not be neglected in a period when economies are slowing down and the inflation is on a rise. One thing is for sure that with the interest rates rising and remaining at current levels the markets are going to find it difficult to rally to make new highs. The need to the day is path breaking policies on the Government front which could act as a stimulus for the long dull markets. The winter session which starts soon may also prove to be a spoil sport with the opposition gunning for the issues like Black Money and Jan Lokpal Bill. The markets now need surprises which can make them cheer. On the global front some stringent and out of the world ideas if any manage to save the Euro zone could also be a dim sight of light for all the world markets. All said and done nobody can expect any country to fail but the time taken for saving these economies could be a heartbreaker. Till then lets expect for the best to happen with a positive outcome. Technically our markets now have to survive the supports if the selloff of this banking system downgrade continues. These supports come in from the levels which acted as a resistance for the markets in the months of Sept and Oct. watch supports for the Sensex @ 17278 – 17133 and for the Nifty @ 5201 – 5164 levels. If these are sustained and the markets manage to move up then the indices could witness a rally to test higher resistance levels. The market players would wait for triggers and developments on the European front and would mostly be driven by the American and the FTSE market. Hold a scrip specific view. This period is when one should concentrate on day trades using the Intraday Action Viewer built inside PROFISION PRO. If you do not know what it is or how to use it to your advantage then call the PRECISION TECHNICALS support team. The support is available from 8 am to 12 midnight on weekdays. Take benefit and be a part of the winning team of ARJUN’s and TIGER’s. It is 11 11 11 – lets see if this day has any good surprises for us other than celebrity kids being born. Happy Investing, Happy Educating and Happy Trading!!!!

Market View for Friday 11 Nov 2011

Index Levels

BSE

Sensex 17362.10

Major Support 17278 – 17133 – 16900
Major Resistance 17502 – 17641 – 17658

NSE Nifty 5221.05

Major Support 5201 – 5164 – 5085
Major Resistance 5265 – 5309 – 5317


View
The markets sold off with SBI cracking approximately 7% after its numbers. The sell off was mostly due to the downgrade of the banking system by rating agency Moody’s. The concerns and the unclear approach of the Government on the NPA’s and the further infusion of new money for loans to continue is a major cause of worry. The crisis surely is not as big as the European Union but this also not be neglected in a period when economies are slowing down and the inflation is on a rise. One thing is for sure that with the interest rates rising and remaining at current levels the markets are going to find it difficult to rally to make new highs. The need to the day is path breaking policies on the Government front which could act as a stimulus for the long dull markets. The winter session which starts soon may also prove to be a spoil sport with the opposition gunning for the issues like Black Money and Jan Lokpal Bill. The markets now need surprises which can make them cheer. On the global front some stringent and out of the world ideas if any manage to save the Euro zone could also be a dim sight of light for all the world markets. All said and done nobody can expect any country to fail but the time taken for saving these economies could be a heartbreaker. Till then lets expect for the best to happen with a positive outcome. Technically our markets now have to survive the supports if the selloff of this banking system downgrade continues. These supports come in from the levels which acted as a resistance for the markets in the months of Sept and Oct. watch supports for the Sensex @ 17278 – 17133 and for the Nifty @ 5201 – 5164 levels. If these are sustained and the markets manage to move up then the indices could witness a rally to test higher resistance levels. The market players would wait for triggers and developments on the European front and would mostly be driven by the American and the FTSE market. Hold a scrip specific view. This period is when one should concentrate on day trades using the Intraday Action Viewer built inside PROFISION PRO. If you do not know what it is or how to use it to your advantage then call the PRECISION TECHNICALS support team. The support is available from 8 am to 12 midnight on weekdays. Take benefit and be a part of the winning team of ARJUN’s and TIGER’s. It is 11 11 11 – lets see if this day has any good surprises for us other than celebrity kids being born. Happy Investing, Happy Educating and Happy Trading!!!!

Market View for Wednesday 09 Nov 2011

Index Levels

BSE Sensex 17569.53

Major Support 17455 – 17278

Major Resistance 17632 – 17813 – 17908

NSE Nifty 5289.35

Major Support 5252 – 5201

Major Resistance 5304 – 5360 – 5399


View
The markets traded indecisive and dull. The closing on the day end charts was a spinning top on candlestick formations. With this formation the importance of the high and the low made today by the indices will be witnessed in the trading tomorrow. For the day watch support for the Sensex @ 17455 and for the Nifty @ 5252 levels. On the higher side watch resistance @ 17632 and 5304 for the Sensex and the Nifty respectively. The markets are expected to wait for cues coming in from the world markets and till such a time that some strong triggers come in we would witness the markets moving sideways. Hold a low profile…

Market View for Friday 04 Nov 2011

Index Levels
BSE Sensex 17481.93

Major Support 17278 – 17189

Major Resistance 17527 – 17661 – 17813

NSE Nifty 5265.75

Major Support 5201 – 5164

Major Resistance 5281 – 5310 – 5360


View
The markets rally due to broad based short covering witnessed after noon hours. This was with help from the European markets which witnessed a rally after a gap down opening. Today the markets are expected to open with a gap up opening and the later direction would be decided by the cues coming in from the rest of the markets in the world and the intraday positions. One good thing about our markets is that they now have filled the gap which was left as they had opened with a gap up opening on last Friday. This is a good sign and could help the markets gallop further without any negative vibes coming in from the rest of world markets. As of levels watch 17278 as crucial support for the Sensex and 5201 for the Nifty. On the higher side the indices could try and test 17661 and 5310 on the higher side today.

Market View for Wednesday 02 Nov 2011

Index Levels

BSE Sensex 17480.83

Major Support 17422 – 17347 – 17189

Major Resistance 17661 – 17813 – 17908

NSE Nifty 5257.95

Major Support 5238 – 5220 – 5164

Major Resistance 5310 – 5360 – 5399


View
The markets witness hangover of the European crisis and continue their consolidation as the players seem to have disappeared at current levels. Lets not forget that the markets have moved above their trading range of Sept and Oct with a gap up opening on the last Friday. This surely is not a good sort of a breakout for any chart / price. Now if the markets have to continue the momentum then they need to test the breakout levels and move up again with strength. Till then the markets are expected to remain damp. For today watch support for the Sensex @ 17422 and for the Nifty @ 5238 levels. On the higher side watch resistance for the Sensex @ 17661 and for the Nifty @ 5310 levels. Hold a scrip specific view…

Market View for Tuesday 01 Nov 2011

Index Levels

BSE Sensex 17705.01

Major Support 17668 – 17347 – 17189

Major Resistance 17813 – 17908 – 18121

NSE Nifty 5326.60

Major Support 5314 – 5220 – 5164

Major Resistance 5360 – 5399 – 5475


View
As expected the markets opened at the levels where they had closed and traded flat throughout the day. This was also on account of the Asian markets which were trading flat and dull. Today could also be another day like yesterday with the mood dampening announcement of a finance company filing for bankruptcy in the US. We need to remember that on Friday the markets have left a big gap when they opened higher. This gap has to be filled before a big rally can be witnessed in our markets. Scrip specific action is expected to continue during this period. Keep a close eye on the immediate supports. These if broken could trigger the markets falling down to fill the gaps. Watch them @ 17668 for the Sensex and 5314 for the Nifty. On the higher side resistance should be seen coming in from the high levels of yesterday which exist @ 17813 for the Sensex and 5360 for the Nifty. A breach of any of the levels mentioned could see the markets moving in that direction. Hold a scrip specific view…

Market View for Monday 31 Oct 2011

Index Levels

BSE Sensex 17804.80

Major Support 17347 – 17189 – 17011

Major Resistance 17908 – 18121

NSE Nifty 5360.70

Major Support 5220 – 5164 – 5114

Major Resistance 5399 – 5475

View
The markets closed the week with big thumbs up. The first step towards the solution on the European crisis presented the first reason for the markets to rejoice that too after having gone through the ups and downs of the earnings season. The markets which were trading in a range for two months gave a breakout on Friday. The only negative about this breakout was the gap up opening. The indices opened with a 3% gap up and may start the coming week on a damp mood. They could also witness a correction to retest the breakout levels and the later direction could decide the fate for the markets in the coming few days. As they move forward from here the next big resistance comes in from the falling trend line joining all the tops from the all time high levels. For the coming week watch support @ 17189 for the Sensex and 5164 for the Nifty. If the markets survive these levels on a correction and then manage to move up then the bulls would gain control over the markets. On the higher side the indices should test levels of 17908 – 18121 for the Sensex and 5399 – 5475 for the Nifty. During this period scrip specific action is expected to continue. Hold a scrip specific view…

Market View for Thursday 20 Oct 2011

Index Levels

BSE Sensex 17085.34

Major Support 16984 – 16883 – 16669

Major Resistance 17107 – 17188 – 17211

NSE Nifty 5139.15

Major Support 5109 – 5080 – 5011

Major Resistance 5148 – 5160 – 5169


View
The markets opened with a gap up opening and managed to move up throughout the day to close on a strong note. This was mainly due to the bank stocks with major heavyweights supporting this move. At current levels the indices are trading just below crucial resistances. The volumes will remain low with choppy trade. For the Sensex support for the day comes in @ 16984 and for the Nifty @ 5109. On the higher side major resistance comes in @ 17188 – 17211 for the Sensex and 5160 – 5169 for the Nifty. If the indices manage to move up again then at higher levels they are expected to face a tough time. Hold a scrip specific view…

Market View for Tuesday 18 Oct 2011

Index Levels

BSE Sensex 17025.09

Major Support 16928 – 16836 – 16660

Major Resistance 17176 – 17191

NSE Nifty 5118.25

Major Support 5084 – 5057 – 5011

Major Resistance 5160 – 5168


View
The indices have been trading near the upper band of the current range. These are levels where the indices will face resistance and are expected to witness a correction. This period can also see the indices moving down to test supports at the lower end of the band. For today watch resistance @ 17176 for the Sensex and 5160 for the Nifty. On the lower side watch supports coming @ 16836 for the Sensex and 5057 for the Nifty. Hold a Low Profile…

Market View for Friday 14 Oct 2011

Index Levels

BSE Sensex 16883.92

Major Support 16854 – 16608

Major Resistance 17048 – 17084 – 17191

NSE Nifty 5077.85

Major Support 5067 – 5055

Major Resistance 5104 – 5130 – 5137


View
The markets witnessed a breather as they reached the upper band of the current range. The global cues too remained indecisive on the outcome of the Eurozone. In between the day we had the RBI governor coming out and speaking his mind making them volatile eroding the bunch of traders who tried to make a living. All announcements should be banned during market hours. At times it seems these people have positions in the market and to make them work in their favour they come out and make an announcement. Anyways we can only discuss nothing else. For today watch major resistance @ 17191 for the Sensex and 5137 for the Nifty. At these levels the indices would feel the heat. The choppiness is expected to be high with moments of despair with the volumes suddenly disappearing from the markets. On the lower side supports should be seen @ 16608 for the Sensex and 5055 for the Nifty. Hold a scrip specific view…

Market View for Thursday 13 Oct 2011

Index Levels
BSE Sensex 16958.39

Major Support 16809 – 16660 – 16608

Major Resistance 16987 – 17191

NSE Nifty 5099.40

Major Support 5055 – 5011 – 4997

Major Resistance 5109 – 5168


View
The markets cheered the Infosys numbers with a thumping close for the day yesterday. The indices have now reached near the higher end of the current range which exists at around 5150 – 5200 levels. These are the levels where the markets could feel the heat with the momentum drying and cautious trades entered. For the day watch support for the Sensex @ 16809 and for the Nifty @ 5055 levels. On the higher side resistance comes in @ 17191 for the Sensex and 5168 for the Nifty. Hold a scrip specific view….

Market View for Monday 03 Oct 2011

Index Levels
BSE Sensex 16453.76

Major Support 15801 – 15765

Major Resistance 16756 – 16865 – 17191

NSE Nifty 4943.25

Major Support 4758 – 4720

Major Resistance 5034 – 5068 – 5168


View
The markets closed the week on an indecisive note with weekly closing on candlestick patterns being a spinning top formation. The absence of triggers on the domestic and the global front have lead to a creation of a cautious mood with investors wanting to wait and watch the current developments. The sense of recession or may be the uneasiness of inflation is been felt by all. Let’s hope that the government gets time to think of things which are important in the current situation. Things like development, policies, infrastructure and many other things which a third world country needs to have before it could jump up the league. Nobody would buy the India Story with politicians filling their pockets without work happening on ground reality. It is also time that India showed the world that yes in India too justice is equal and stringent for people from all walks of life may it be a taxiwala or a corporate honcho or a big wig politician. Mein bhi Anna, Tub hi Ann, Hum sab hain Anna Anna – the energy now seems to have gone down. People forget fast in India. I wish that people said ‘ALL IS WELL’ and looked for opportunities which come our way through the Stock Assist and Trading Assist. As of levels watch supports coming in @ 15801 for the Sensex and 4758 for the Nifty. On the higher side resistance comes in @ 16756 and 5034 for the Sensex and the Nifty respectively. Between these levels the heavyweights would continue to drift with scrip specific action happening in side counters. Hold a scrip specific view. Wait for good opportunities and that is possible only if you have close watch on the opportunities which come your way on day to day basis. With ‘Intraday Action Viewer’ built inside PROFISION Pro – intraday trading has now become the simplest and the easiest thing to be done to make money. Give it a try and you will not regret. Happy Investing & Happy Educating!!!

Market View for Friday 30 Sep 2011

Index Levels

BSE Sensex 16698.07

Major Support 16542 – 16387

Major Resistance 16756 – 16827 – 17191

NSE Nifty 5015.45

Major Support 4969 – 4924

Major Resistance 5034 – 5054 – 5168



View
The markets wanted a reason and they got it yesterday with the German’s approving a bail out for the European crisis. As I said it was just a reason wanted and which the markets got for yesterday and would have nothing to do with the markets for today. It is a new day and the markets would be searching for new triggers. Till then get something new and sizzling which could take them up further, expect the markets to sell off. Also let’s not forget it was expiry of September contracts which was one more reason for the rally yesterday. For the day watch resistance @ 16756 for the Sensex and 5034 for the Nifty. Below these levels the markets would continue to sell off and test support levels. On the lower side the markets could test 16387 for the Sensex and 4924 for the Nifty. Hold a scrip specific view…

Market View for Thursday 29 Sep 2011

Index Levels

BSE Sensex 16446.02

Major Support 16363 – 16289

Major Resistance 16554 – 16663 – 16827

NSE Nifty 4945.90

Major Support 4918 – 4905

Major Resistance 4975 – 5005 – 5054


View
The markets opened with gap up opening bullied by the strength witnessed in the markets day before yesterday and later on consolidated with choppy trade as the cues coming in from global markets remained mixed. Today is derivatives expiry for the September contracts and could be choppy. The global cues would also be something which the players would like to be watchful of as the developments from Europe are carefully watched. For the Sensex watch support @ 16363 and 4918 for the Nifty. On the higher side resistance comes in @ 16554 for the Sensex and 4975 for the Nifty. The markets could remain sideways and scrip specific action could be witnessed.

Market View for Tuesday 27 Sep 2011

Index Levels
BSE Sensex 16051.10

Major Support 15801 – 15765 – 15330

Major Resistance 16209 – 16513 – 16865

NSE Nifty 4835.40

Major Support 4758 – 4720 – 4538

Major Resistance 4879 – 4968 – 5068


View
The markets bounced back from intraday lows in highly volatile session. Stocks too displayed choppy trade. With the global cues being positive it is expected that our markets should also open with a gap up opening. This could also prove to be spoil spot for the markets cause with a gap up opening the later 3 hours of trade would be cautious and indecisive. For the Sensex watch support @ 15801 and for the Nifty @ 4758 levels. Above these levels the markets would hold for now. Hold a a scrip specific view…

Market View for Monday 26 Sep 2011

Index Levels

BSE Sensex 16162.06

Major Support 16052 – 15765 – 15330

Major Resistance 16513 – 16865 – 17191

NSE Nifty 4867.75

Major Support 4829 – 4720 – 4538

Major Resistance 4968 – 5068 – 5168


View The last week saw the markets selling off sending shivers as felt adrenaline of a double dip recession. The formation on charts is not good and therefore the cautiousness which we have been witnessing for the last few days could see a rise. The markets have one last hope before this theory of a double dip recession could actually grip the markets and that comes in from support levels @ 15330 for the Sensex and 4538 for the Nifty. These levels need to be watched closely for the coming few weeks. This week watch resistance @ 17191 for the Sensex and 5168 for the Nifty. Below these levels the indices would continue to trade weak and dull as they come across a trigger less day. This weakness could take the markets further down to test the supports mentioned above. Hold a scrip specific view….

Market View for Thursday 22 Sep 2011

Index Levels

BSE Sensex 17065.15

Major Support 17000 – 16933 – 16768

Major Resistance 17191 – 17209 – 17358


NSE Nifty 5133.25

Major Support 5109 – 5091 – 5042

Major Resistance 5168 – 5229


View
The markets opened flat and traded dull throughout the day. The movement too was very narrow range bound and the participation on front of market players remained low. Most of the stocks witnessed dull trade. This make also be on account of the indices reaching resistance levels in the short term. It is now important for us to watch resistance @ 17209 – 17358 levels for the Sensex and 5229 for the Nifty. On the lower side supports should be watched @ 17191 for the Sensex and 5109 for the Nifty. With range bound trade yesterday players should watch the highs and lows made yesterday as trend deciders for today. Hold a scrip specific view…

Market View for Wednesday 21 Sep 2011

Index Levels BSE Sensex 17099.28

Major Support 16933 – 16768

Major Resistance 17135 – 17209 – 17256

NSE Nifty 5140.20

Major Support 5091 – 5042

Major Resistance 5149 – 5169 – 5229


View The markets opened flat and continued in the northward direction throughout the day. The markets seem to be now attracted towards the falling trendline which they has broken when they fell. These levels are @ 18200 for the Sensex and 5400 for the Nifty. Looking at the short term charts they suggest that the markets are making a higher top and higher bottom and the possibility of the above levels is high. For Wednesday one needs to watch major resistance @ 17256 for the Sensex and 5229 for the Nifty. If the indices open with a gap up opening then we could see them taking a breather. It is important to see the way the markets react at these resistance levels. On the lower side supports should be watched @ 16933 for the Sensex and 5091 for the Nifty. The global cue will surely have an effect on the days trade but at current levels with stocks not forming any price patterns it is advisable to search for opportunities on the intraday front. With Event Viewer built inside PROFISION PRO it is now easy to pick these opportunities. LIVING IN A JUNGLE WAS DIFFICULT BUT WITH THIS FEATURE WE CAN NOW EASILY BE TIGERS OF THE JUMP POUNCING ON OPPORTUNITIES WHICH COME TO US WITH A LOUD SOUND ‘EVENT’. Hold a scrip specific view… Happy Investing and Happy Educating!

Market View for Tuesday 20 Sep 2011

Index Levels

BSE Sensex 16745.35

Major Support 16709 – 16374

Major Resistance 16865 – 17047 – 17122

NSE Nifty 5031.95

Major Support 5019 – 4911

Major Resistance 5068 – 5123 – 5143


View
The markets traded dull and sideways. The volumes remained low with market players staying on the sidelines. As for intraday trading it was an overall good day with some nice pattern formations happening on intraday charts. For Tuesday the markets would try and take cues from the American markets as they open and then the trade would mostly be dictated by the intraday positions. September derivatives expiry is expected to be a dull one. As of levels one needs to watch major support @ 16374 for the Sensex and 4911 for the Nifty. Till the indices manage to hold on to these levels the markets would continue to stay afloat. Without positive triggers from the American and the rest of the world markets our markets will continue to trade dull. If these supports are broken then expect the indices to crack sharply and could bring action back in the markets. Gap up and gap down openings could be a spoil sport for the opening trend in the markets. Be cautious and wait for the trend to be formed before entering a trade in the intraday. Investors as of now should wait for good opportunities to come their way. Hold a scrip specific view…

Market View for Monday 12 Sep 2011

Index Levels

BSE Sensex 16866.97

Major Support 16488 – 16451 – 16080

Major Resistance 17211 – 17829 – 18352

NSE Nifty 5059.45

Major Support 4942 – 4923 – 4806

Major Resistance 5169 – 5204 – 5369


View
The Ganesh festival brought some cheer as the markets saw the indices bouncing back after sell off in the last two weeks. Last week the markets traded indecisive on intraday trades inching higher with Friday being a dull day with short term resistances proving fatal as the markets sold off to close the day deep in the red. The main contributor for this sell off was State Bank of India which witnessed heavy sell off on Friday. Now for this wee watch support @ 16488 and 4942 for the Sensex and the Nifty respectively. Above these levels the indices would continue to ride their positive wave. On the higher side resistances should be watched @ 17211 and 5169 for the two indices. Choppiness would continue and it is better to hold a scrip specific view…

Market View for Friday 09 Sep 2011

Index Levels

BSE Sensex 17165.54

Major Support 16987 – 16922 – 16663

Major Resistance 17209 – 17256

NSE Nifty 5153.25

Major Support 5098 – 5080 – 4993

Major Resistance 5169 – 5197

View
The markets traded indecisive with players sticking to caution on account of the Obama speech scheduled to happen on Thursday in the US. The amwerican president sees the crisis and has big plans to win over the problems faced there. To be true just like our governments he also has tough face saving job to be done before facing elections. People had voted for change when Obama was elected and the only change which made possible was that Osama is not longer on hit list. Coming back to our markets remember the worlds problems are our opportunities. But it is also not that simple and easy. If our government fails to curb inflation, price rise and corruption it would eventually fail to bring in new reforms as the opposition will not allow doing so. And if the reforms do not see the light of the day then we could also be facing a tough time. But again same like the US for them to save their skin they will have to find ways out. For now the choppiness would continue as the movement in the markets is decided by the small news flows and the cues which come in from the global markets. For the Sensex watch support @ 16987 and for the Nifty @ 5098 levels. As the markets move up from the current levels they could face tough time to move further up. On the higher side major resistance comes in @ 17256 for the Sensex and 5197 for the Nifty. It’s the last day of the week and it is better to hold a Low Profile for today.

Market View for Thursday 08 Sep 2011

Index Levels

BSE Sensex 17065.00

Major Support 16922 – 16663 – 16488

Major Resistance 17157 – 17256

NSE Nifty 5124.65

Major Support 5080 – 4993 – 4942

Major Resistance 5154 – 5197

View
Our markets opened strong with stocks opening on the positive side. The fag end of the markets witnessed some pressure but overall the markets traded flat after opening strong. The participation was low and therefore the movement in most of the stocks was sluggish after the strong opening. Thursday could again be a sluggish day if the markets open with a gap up opening. If they open with a gap down opening then expect the markets to witness some movement. For the Sensex watch support @ 16922 and for the Nifty @ 5080. If the markets open above these levels and move down then we could witness a damp trade. On the higher side watch targets for the indices @ 17256 for the Sensex and 5197 for the Nifty. Hold a scrip specific view. Intraday is now easier with Event Viewer built inside PROFISION Pro. Take benefit of the short term moves using this feature. Medium to Long term investors need to make use of stocks picked by Technical Assist – Stocks inside PROFISION. Happy Investing and Happy Educating!!!

Market View for Wednesday 07 Sep 2011

Index Levels BSE Sensex 16862.81

Major Support 16663 – 16488

Major Resistance 16894 – 16989 – 17256

NSE Nifty 5064.30

Major Support 4993 – 4942

Major Resistance 5114 – 5197


View
Our markets opened flat and sold off in the initial hours this time weighed down by the European crisis. The late hours witnessed good recovery as the indices bounced back with the help of major heavyweights leading the rally. As mentioned yesterday the Indian markets have strength and will continue to display it without any negative side triggers coming in on the domestic or the global front. Slightest of positive news could gallop the markets further. All said and done the markets would continue to remain choppy in the intraday trade. For the indices watch support coming in from the lows made on Tuesday. These are the levels from where we witnessed a bounce back. For the Sensex watch support @ 16663 – 16488 and for the Nifty @ 4993 – 4942 levels. On the higher side resistance could be seen coming in @ 17256 for the Sensex and 5197 for the Nifty. Stocks should be tracked on intraday for now as the lives of the moves have become shorter. Investors should sit tight picking one off picks which come the way. Hold a scrip specific view…

Market View for Friday 02 Sep 2011

Index Levels

BSE Sensex 16676.75

Major Support 16585 – 16443

Major Resistance 16910 – 17256

NSE Nifty 5001.00

Major Support 4973 – 4927

Major Resistance 5078 – 5197

View

The markets bounced back second day in a row on Tuesday. This momentum is expected to continue further as the indices correct from the recent fall witnessed from 5700 to 4800 levels. In the intraday the markets could stay volatile depending upon the way they open. If we witness a gap up opening then the movement for the day could be halted and at the same time if they open with a gap down opening then we could witness a good move up. For now the major sell off seems to be arrested. Most of the negative flows have been built in the price and this month contracts could bring in good opportunities. For the indices watch support coming in from the lows made on Tuesday. For the Sensex it exists @ 16443 and for the Nifty @ 4927 levels. On the higher side resistance comes in @ 17256 and for the Nifty @ 5197. Hold a scrip specific view. DO NOT FORGET TO BE AN OPPORTUNIST…

Market View for Tuesday 30 Aug 2011

Index Levels

BSE Sensex 16416.33

Major Support 16248 – 16080

Major Resistance 16462 – 16549 – 16910


NSE Nifty 4919.60

Major Support 4862 – 4806

Major Resistance 4934 – 4965 – 5078

View
The markets rejoiced on the footsteps of the global markets which also traded in the green today. This is amidst ‘IRENE’ hitting United States. It seems that India celebrated the win of ANNA HAZARE. For Tuesday the markets would again try to rally as they have been battered for long. Only a gap up opening could prove to be a spoil sport and could bring in dull trade in the markets. For the Sensex one should watch support coming in @ 16248 and for the Nifty @ 4862 levels. On the higher side resistance comes in @ 16549 for the Sensex and 4965 for the Nifty. Once these levels are crossed then expect a big jump in the intraday move. Hold a scrip specific view…

Market View for Monday 29 Aug 2011

Index Levels
BSE Sensex 15848.83

Major Support 15765 – 15330 – 14684

Major Resistance 16155 – 16549

NSE Nifty 4747.80

Major Support 4692 – 4538 – 4353

Major Resistance 4843 – 4965

View
The markets continued to sell off with negative flows from the domestic as well as the global front. At current levels the charts suggest that the weakness would continue but a dead cat bounce cannot be ruled out as the indices test supports on the lower side. This bounce would be small, temporary and could live for a few moments in the intraday trade. Choppy trading activity will rule the markets for now as the indices trade in oversold and with lack of positive triggers to lift the sentiments for now. For this week one needs to watch supports coming in @ 15330 for the Sensex and 4538 for the Nifty. These are good support levels where the indices could take a breather. On the higher side resistance exists @ 16155 for the Sensex and 4843 for the Nifty. Scrip specific action should rule the markets and one need to be an opportunist to make the maximum of the lonely opportunity which could come your way. Nothing much to write in this newsletter. Anna Hazare has won is what everybody is saying – but I would say that the victory is not yet in sight. The things need to materialize only then we can say the people have won. But one good thing which happened for sure is that Anna is alive to fight for us. Let’s hope for the best…

Market View for Tuesday 23 Aug 2011

BSE Sensex 16341.70

Major Support 16248 – 16155 – 16046

Major Resistance 16370 – 16690 – 16910

NSE Nifty 4898.80

Major Support 4871 – 4843 – 4808

Major Resistance 4910 – 5011 – 5078

The markets bounced in the noon hours after witnessing choppy trade in the morning to close in the green. After having witnessed a big sell off it is possible that the indices may try to recover some of the losses. This move has to be traded cautiously as the indices would continue to face pressure at all higher levels that they achieve in the intraday trade. The August derivative contracts are scheduled to expire on the coming Thursday and this could make the indices trade more or less near the current levels bringing in choppiness. Global cues will continue to rule the markets for now as the domestic front is busy fighting corruption. The government has to do a lot of things to bring in cheer. Lets hope for the best. For the Sensex watch support @ 16248 – 16155 and for the Nifty @ 4871 – 4843 levels. Above these levels the indices will try to gather strength and test the higher resistances. Major resistance will be faced @ 16690 by the Sensex and 5011 by the Nifty. Hold a low profile in terms of individual stocks. With expiry on the cards it is expected that it could bring in some good opportunities. Its time to be a tiger – wait for the right opportunity to pounce on. Happy Investing and Happy Educating!

Market View for Tuesday 16 Aug 2011

Index Levels

BSE Sensex 16839.63

Major Support 16759 – 16687

Major Resistance 17043 – 17246

NSE Nifty 5072.95

Major Support 5053 – 4947

Major Resistance 5133 – 5198

View
Wishing you a very happy Independence day. The global cues are positive for todays open and we expect a gap up opening. Along with the global markets the crude has also bounced back which is a negative for India. Therefore the probability of a confirmed trend for today will be seen only in the second half. This week we have only 3 trading sessions therefore we expect investors not to commit on either side of the markets. For today supports will be seen at 16759 and 5053 on the BSE Sensex and the NSE Nifty respectively. If we trade below these levels then we should witness a sell off to test the next support levels.

Market View for Friday 12 Aug 2011

Index Levels

BSE Sensex 17059.40

Major Support 17012 – 16858 – 16759

Major Resistance 17256


NSE Nifty 5138.30

Major Support 5121 – 4947

Major Resistance 5198


View
The markets seem to take a breather for the last two trading sessions. Volatility as predicted has come down and will be low even today. Next week having only 3 trading sessions we expect investors not to commit on either side of the markets. For today supports will be seen at 17012 and 5121 on the BSE Sensex and the NSE Nifty respectively. If we trade below these levels then we should witness a sell off to test the next support levels. We continue with our view - Investors who have already sold should stay away from the markets.

Market View for Wednesday 10 Aug 2011

BSE Sensex 16857.91

Major Support 16681 – 16500

Major Resistance 17000 - 17300

NSE Nifty 5072.85

Major Support 4935 – 4900 – 4862

Major Resistance 5150 – 5200

The markets once again taking global cues opened with a huge gap down, mid day we saw a good pullback which took the indices in the green only to let the markets go back to close the day in red. We are seeing some kind of support at lower levels. After so many days of volatile sessions we expect the day to be calm today with a minor see-saw. Again the volumes recorded were also very high. For today supports will be seen at 16681 – 16500 and 5000 - 4946 on the BSE Sensex and the NSE Nifty respectively. Investors who have already sold should stay away from the markets.

Market View for Tuesday 09 Aug 2011

BSE Sensex 16990.18

Major Support 16560 – 16318

Major Resistance 17000

NSE Nifty 5118.50

Major Support 4935 – 4900 – 4862

Major Resistance 5150

The markets opened with a big down gap yesterday, mid day we saw a good pullback which was to fool the investors at large. Finally the supply overpowered the demand as mentioned in yesterdays news letter. Again the volumes recorded were also very high. For today supports will be seen at 16318 and 4862 on the BSE Sensex and the NSE Nifty respectively. Investors who have already sold should stay away from the markets. Traders should use every rise to short with a momentum view.