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.

Market View for Wednesday 18 Apr 2012

Index Levels


BSE Sensex 17357.94

Major Support 17200 – 17103

Major Resistance 17381 – 17395 – 17553


NSE Nifty 5289.70

Major Support 5266 – 5208

Major Resistance 5298 – 5306 – 5338


View

The rate cut had a positive impact on the markets. The indices rallied with most of the stocks supporting the cause of the rally. the move is expected to continue till the indices hit the upper end of the current range. This resistance comes in @ 17381 for the Sensex and 5298 for the Nifty. Closing above these levels could take the markets into a new range. With the results going on the markets are expected to hit hurdles as they try to move up. On the lower side for the day supports should be watched @ 17200 for the Sensex and 5266 for the Nifty. A gap up opening could subdue the markets and should be traded watchfully. 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 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 Tuesday 17 Apr 2012

Index Levels


BSE Sensex 17150.95

Major Support 17047 – 17010 – 16920

Major Resistance 17173 – 17232 – 17398


NSE Nifty 5226.20

Major Support 5190 – 5183 – 5135

Major Resistance 5233 – 5255 – 5306



View

The markets opened flat and managed to move up with expectations of RBI reducing interest rates today. Let’s hope that the RBI does not disappoint today cause if that happens then we may witness selling in the markets. For today watch support @ 17047 for the Sensex and 5190 for the Nifty. Above these levels the markets should stay strong. Hold a scrip specific view… With RBI Policy today is an event based 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 Monday 16 Apr 2012

Index Levels


BSE Sensex 17094.51

Major Support 17027 – 16920 – 16828

Major Resistance 17251 – 17407 – 17664


NSE Nifty 5207.45

Major Support 5185 – 5135 – 5076

Major Resistance 5244 – 5306 – 5378



View

The markets sold off after the disappointing guidance from Tech Daddy Infosys Technologies. The earnings season continues and so does the cautious mood in the markets. Today we have inflation numbers coming out and an RBI policy coming up tomorrow. With the goof ups in numbers that we have seen from the government agencies it is difficult to have faith on these numbers. Intraday charts could remain choppy for some more days. On the short term day end charts the markets continue to remain in a range and this range could prove a testing time for the overall markets. The global cues are negative but our markets could buck the trend in those markets. For this week we need to watch support @ 17027 for the Sensex with a major support @ 16920 and for the Nifty @ 5185 with a major support @ 5135 levels. On the higher side this week the markets could find resistance @ 17251 – 17407 for the Sensex and 5244 – 5306 for the Nifty. Within this range the indices would remain choppy. 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 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 13 Apr 2012

Index Levels


BSE Sensex 17332.62

Major Support 17276 – 17075 – 16920

Major Resistance 17395 – 17407 – 17553


NSE Nifty 5276.85

Major Support 5246 – 5190 – 5135

Major Resistance 5290 – 5338 – 5378



View

The markets traded flat as market players remained cautious of the earnings season which starts with Infosys on Friday. The guidance will play an important role in the direction of the markets. Let’s hope that the management does not disappoint us. The markets have continuously shown strength and this was again proved with the IIP numbers getting revised on the lower side but the markets continued to stay afloat. For today watch support @ 17276 for the Sensex and 5246 for the Nifty. On the higher side resistance comes in @ 17395 for the Sensex and 5290 for the Nifty. On disappointing results the markets are expected to tumble down today. Lets hope for the best. 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 Thursday 12 Apr 2012

Index Levels


BSE Sensex 17199.40

Major Support 17125 – 17075 – 16920

Major Resistance 17319 – 17407


NSE Nifty 5226.85

Major Support 5209 – 5190 – 5135

Major Resistance 5263 – 5282


View

The markets traded indecisive closing with a spinning top formation. The undercurrent remains positive. Tomorrow the result season starts and that could be decisive for the trigger less markets. for today watch support for the Sensex @ 17125 and for the Nifty @ 5209 levels. On the higher side resistance comes in @ 17319 for the Sensex and 5263 for the Nifty. The markets will trade choppy. 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 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 Wednesday 11 Apr 2012

Index Levels


BSE Sensex 17243.84

Major Support 17135 – 17105 – 16920

Major Resistance 17274 – 17314 – 17407


NSE Nifty 5243.60

Major Support 5211 – 5203 – 5135

Major Resistance 5255 – 5282 – 5338


View

The markets traded indecisive with the market players remaining cautious of the earnings season which starts Friday. The global cues are weak and our markets are expected to open low with gap down opening. Weakness will continue and it is quite possible that the markets would get a chance to prove their strengths as they reach the lower end of current range. Supports should be watched @ 17105 – 16920 for the Sensex and 5203 – 5135 for the Nifty. On the higher side resistance comes in @ 17274 for the Sensex and 5255 for the Nifty. Investors should wait for the moment as the stocks are not showing any good patterns. Traders should also be cautious and wait for confirmations before jumping onto stocks. 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 Tuesday 10 Apr 2012

Index Levels


BSE Sensex 17222.14

Major Support 17199 – 17117 – 17039 – 16920

Major Resistance 17314 – 17407 – 17553


NSE Nifty 5234.40

Major Support 5228 – 5206 – 5145 – 5135

Major Resistance 5260 – 5282 – 5338



View

The markets sold off confirming the short term resistance coming in from the falling trend line as mentioned in yesterday’s newsletter. The earnings season is set to start and therefore the markets are getting cautious of the outcome. On the global front Iran remains a problem in turn keeping the crude prices up. The current formation suggests that we are now heading for the lower end of the band. For today we need to watch resistance @ 17314 for the Sensex and 5260 for the Nifty. On the lower side watch support coming in @ 17199 for the Sensex and 5228 for the Nifty. The markets will trade choppy and therefore it is advisable to hold a low profile in case of all trading positions. Investor should wait for the moment for stocks to make good patterns on charts. 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 Monday 09 Apr 2012

Index Levels

BSE Sensex 17486.02

Major Support 17429 – 17382 – 16920

Major Resistance 17664 – 17687 – 17772 – 18040


NSE Nifty 5322.90

Major Support 5296 – 5278 – 5135

Major Resistance 5378 – 5385 – 5420 – 5499


View

The last week was a short week with 3 trading sessions. The first two days witnessed bullishness continued from the earlier week but the last day that is Wednesday was a little depressed with a gap down opening. The current formation of prices on the PROFISION charts tells us that the indices have formed two important levels for themselves and are range bound between these levels for now. The lower level remains the current lows which the indices respected when then sold off in the last week of March. The higher level comes in from a falling trend line which has formed on the extreme short term PROFISION charts drawn by joining the high of 22 Feb and 14 March. This falling trend line plays an important role in the immediate short term as it was respected by the markets on 3 April after which a small sell off was witnessed. With these reasoning the PROFISION charts suggest that going forward this week we need to watch 17664 as major resistance for the Sensex and 5378 for the Nifty. A breakout above these levels will give us a sigh of relief that the markets would at least head towards the recent highs so a move of 5 to 8% from current levels. On the lower side we need closely watch the support @ 16920 for the Sensex and 5135 for the Nifty. Between this range the markets should remain choppy. The next week will also witness the start of the flow of yearly earning numbers. According to me this won’t matter much as the markets continue to witness positive undercurrent till it stays above the crucial support mentioned above. Going forward some of the challenges for the our markets would remain in form of the rise in the crude price, any form of horrible announcement during the earning season, any hurdle created by the Government. Greece remains an issue but may not be a challenge – cause everyone knows that they have to be out of the ditch – sooner or later. The solution for them now is TIME. During the earnings season Intraday trades could be a risky if one does not follow discipline. Investors should wait for nice opportunities – enter all trades with proper stop loss. 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 market’<

Market View for Wednesday 04 Apr 2012

Index Levels


BSE Sensex 17597.42

Major Support 17570 – 17429 – 17382

Major Resistance 17664 – 17687 – 17871


NSE Nifty 5358.50

Major Support 5344 – 5296 – 5278

Major Resistance 5378 – 5385 – 5445


View

The markets opened with a gap up opening and trade indecisive throughout the day. The last two days have been identical with the markets moving up slowly during the first half of the day and later selling off. Today is the last day of the week with a long weekend ahead the markets could trade jittery and subdued. A gap up opening could take away the energy out of the markets. For today watch support for the Sensex @ 17570 and for the Nifty @ 5344 levels. On the higher side resistance should be watched @ 17664 for the Sensex and 5378 for the Nifty. Hold a scrip specific view…

Market View for Tuesday 03 Apr 2012

Index Levels


BSE Sensex 17478.15

Major Support 17382 – 17260 – 17117

Major Resistance 17529 – 17586 – 17687


NSE Nifty 5317.90

Major Support 5278 – 5251 – 5206

Major Resistance 5331 – 5361 – 5385


View

The markets traded indecisive with a spinning top formation on candlestick charts on the end of the day closing basis. Undercurrent remained positive with choppy trade. The same trend will continue for the next two days. Investors need to watch the recent lows as crucial supports because of the falling trend line level. Till these levels are intact there is no reason for one to panic. If the markets stay afloat they will rally in the days to come. The next week to witness the start of yearly earnings announcements. This could bring in high levels of choppiness in the markets. One should always remember that creativity is a very good thing but when it comes to the stock markets creativity is counted with money. Creativity with the knowledge of limits and clarity is important. Its your money and nobody can care about it then you yourself. For today hold a scrip specific view. The indices may not do much but scrip specific action will continue. Investors can come across a lot many stocks which are looking good for investment and these opportunities should be cashed in. With a spinning top formation on EOD basis the high and low would play an important role as support and resistance for today. Watch support @ 17382 for the Sensex and 5278 for the Nifty. On the higher side resistance should be watched @ 17529 for the Sensex and 5331 for the Nifty. Hold a scrip specific view… Patience not in terms of the great yogis but a little passive enthusiasm can do wonders in the stock markets. HAPPY INVESTING AND HAPPY EDUCATING!

Market View for Monday 02 Apr 2012

Index Levels

BSE Sensex 17404.20

Major Support 16920 – 16828 – 16667

Major Resistance 17439 – 17687 – 18040


NSE Nifty 5295.55

Major Support 5135 – 5076 – 5025

Major Resistance 5307 – 5385 – 5499


View

The markets sold off during the first half of the last week eventually closing with gains on most of the losses. We are facing the aftermath of the Budget and this is not the first time that the Finance Minister of India has lead to this. Clarity on important decisions has always been an issue when declared in the budget. The power of money today as we all know is with the foreign institutions. Retailers continue to live in their own worlds juggling between their own guts and a few crore free advisors / commentators / blog writers / websites / business channels / newspapers etc. We all need to bring awareness in the retailers that using Technical Analysis will help in developing a decision making quality without the nuisance of being mislead. Anyways one should always remember that controlling oneself in falling into such traps can help a lot. The announcement of the names of investors not to tracked in case of Participatory Notes helped the market’s rally. If this is true then this decision should help the market’s rally further. The current formation on weekend charts is positive with the indices having taken support on the falling trend line drawn joining all the recent tops. This support should be watched @ 16920 – 16828 for the Sensex and 5135 – 5076 for the Nifty. This is a 3 day week with holidays on Thursday and Friday. Being a 3 day week the markets could remain subdued. The 3 days could be bullish because the settlement for Friday and Monday is scheduled on Wednesday and the settlement for Wednesday’s trades fall into the next week. Therefore selling in positions may not happen leading to a rally in the markets. Even if the markets do not rally we may not sell off in this short week. April is an eventful month – starting with yearly numbers, Monetary policy and Eurozone crisis. The charts suggest that if we do not break down below the supports coming in from the falling trendline then we should witness a nice rally in the markets. This could happen despite the fundamental story being weak. Continue to have a scrip specific view… Happy Investing & Happy Educating!!!

Market View for Friday 30 Mar 2012

Index Levels

BSE Sensex 17058.61

Major Support 17008 – 16920 – 16828

Major Resistance 17109 – 17245 – 17366


NSE Nifty 5178.85

Major Support 5135 – 5076

Major Resistance 5194 – 5236 – 5277


View

The markets witnessed the March expiry on a dull note. The markets traded sideways and so did most of the stocks. The mont of April is full of triggers like earning numbers, RBI policy etc. Today is the last day of the week and should play an important role in deciding the trend for the new contract month. The indices have closed near recent lows / bottoms. This is an important level which all need to watch closely. This makes todays closing which also is the weekly closing an important close. Levels mentioned above can be tracked as important supports and resistances. Gap up gap down opening can prove to be a spoil sport. But for the day and intraday positions keep a track of Intraday Action Viewer.

Market View for Thursday 29 Mar 2012

Index Levels

BSE Sensex 17121.62

Major Support 17040 – 17021 – 17008

Major Resistance 17245 – 17366 – 17458


NSE Nifty 5194.75

Major Support 5170 – 5076

Major Resistance 5236 – 5277 – 5312


View

The markets traded yesterday subdued with expiry on cards today. Today is expected to be a same day. For today watch support @ 17040 and for the Nifty @ 5170. On the higher side for the Sensex watch resistance @ 17245 and 5236 for the Nifty. Supports to be watched closely for the day. If these are broken then expect a major sell off to happen. But choppy activity at these levels should be handled with care. Hold a Low Profile..

Market View for Wednesday 28 Mar 2012

Index Levels

BSE Sensex 17257.36

Major Support 17061 – 17021 – 17008

Major Resistance 17377 – 17458 – 17586


NSE Nifty 5243.15

Major Support 5184 – 5174 – 5171

Major Resistance 5278 – 5312 – 5385


View

The markets closed on an indecisive note with a DOJI formation on daily charts. With expiry tomorrow the markets are expected to continue trading in the same way. Anything if happens should be expected only on Friday after the March derivative contracts expire. For today the highs and lows of yesterday would play an important role. Support comes in @ 17061 for the Sensex and 5184 for the Nifty. On the higher side resistance comes in @ 17377 for the Sensex and 5278 for the Nifty. Hold Of Low Profile…

Market View for Tuesday 27 Mar 2012

Index Levels

BSE Sensex 17052.78

Major Support 17021 – 17008

Major Resistance 17215 – 17377

NSE Nifty 5184.25

Major Support 5174 – 5171

Major Resistance 5229 – 5274


View
The markets sold off amidst choppy trade and scrip specific activity. This is an expiry week and therefore the markets are expected to stay choppy we enter the new contracts. With a gap up opening the markets should be handled with care cause with such a move usually the markets tend to enter a sideways move for the rest of the day. Today could be a day of relief for the markets and a breather is insight. The current short term charts suggest that the markets have made a lower top and thus the levels of 17008 for the Sensex and 5171 for the Nifty are important supports. If these levels are broken then in the short term we would make a lower bottom thus suggesting that in the immediate short term the markets have entered a down trend. Till such a time we can surely think of longs. On the higher side resistance exists @ 17215 – 17377 for the Sensex and 5229 – 5274 for the Nifty. Hold a Low Profile…

Market View for Thursday 22 Mar 2012

Index Levels

BSE Sensex 17601.71

Major Support 17451 – 17301

Major Resistance 17622 – 17656 – 17871


NSE Nifty 5364.95

Major Support 5316 – 5267

Major Resistance 5372 – 5380 – 5445


View

The markets started the trade on a dull note eventually rallying to close the day with good gains. With such a big move witnessed yesterday we could see the indices trading more or less flat for today. For the Sensex watch support @ 17451 and for the Nifty @ 5316. On the higher side watch resistance @17622 for the Sensex and 5372 for the Nifty. Hold a scrip specific view…

Market View for Wednesday 21 Mar 2012

Index Levels

BSE Sensex 17316.18

Major Support 17211 – 17008

Major Resistance 17410 – 17531

NSE Nifty 5274.85

Major Support 5233 – 5171

Major Resistance 5297 – 5337


View

The markets traded indecisive to close with a spinning top formation. The markets drifted in the first half of the trade to eventually witnessing good amount of buying in the later hours of trade. Today is expected to be same again with dull activity. For today watch support for the Sensex @ 17211 and for the Nifty @ 5233 levels. On the higher side watch resistance @ 17410 for the Sensex and 5297 for the Nifty. The markets are expected to stay between these levels.

Market View for Tuesday 20 Mar 2012

Index Levels

BSE Sensex 17273.37

Major Support 17226 – 17008

Major Resistance 17402 – 17531

NSE Nifty 5257.05

Major Support 5238 – 5171

Major Resistance 5297 – 5337

View
The markets continued to drift downwards throughout the day. the action remained dull and today is expected to remain the same with sideways and choppy activity. For the Sensex watch resistance @ 17402 and for the Nifty @ 5297 levels. Below these levels the markets would trade weak and the would try and test supports @ 17226 – 17008 for the Sensex and 5238 – 5171 for the Nifty. Hold a low profile with no stocks showing any patterns on day end closing basis. For intraday wait for good picks in Intraday Action Viewer.

Market View for Monday 19 Mar 2012

Index Levels

BSE Sensex 17466.20

Major Support 17426 – 17008 – 16828

Major Resistance 17619 – 17772 – 18040


NSE Nifty 5317.90

Major Support 5305 – 5171 – 5063

Major Resistance 5369 – 5420 – 5499

View

The markets were disappointed with the budget. They cracked on Friday with selling coming in at the fag end of trading hours. Overall the budget was a flat one with no major positive or negative sides to it. This could be taken by global investors positively with hurdles now crossed and no negative triggers the flow of money should continue. The next big trigger for the markets is the yearly numbers which will be announced in 20 days time. The indices have closed with bearish candles for the week but they continue to survive above the trend line support. This is an extreme positive for the markets. With this trend line surviving as a major support we could see the markets rallying further. The view will change only if we are surprised on the global front which brings in selling and breaks below this support. Till such a time one can stick to stock specific action. For the Sensex watch support @ 17008 and for the Nifty @ 5171. On the higher side watch resistance @ 17619 for the Sensex and 5369. A move above these levels will confirm our above view of selling observed on Friday to be a temporary one. Till such a time one should continue to trade with strict stop losses.

Market View for Thursday 15 Mar 2012

Index Levels

BSE Sensex 17919.30

Major Support 17837 – 17680 – 17494

Major Resistance 18040 – 18198 – 18249


NSE Nifty 5463.90

Major Support 5437 – 5391 – 5327

Major Resistance 5499 – 5521 – 5537


View

The markets have been witnessing gap up opening for the last 4 trading sessions. And due to the cautious optimism in the markets mercy the Union Budget scheduled on Friday after a buoyant opening the trading has remained choppy with scrip specific activity. With global cues continuing to be strong our markets would continue the current pattern of their moves. This is expected to happen till Friday when everybody would be glued to the television sets to interpret the Union Budget. for the day watch support for the Sensex @ 17837 and for the Nifty @ 5437 levels. On the higher side resistance should be watched @ 18040 for the Sensex and 5499 for the Nifty. Till the markets stay above the supports expect the mood to stay bullish. Hold a scrip specific view…

Market View for Wednesday 14 Mar 2012

Index Levels

BSE Sensex 17813.62

Major Support 17680 – 17494 – 17414

Major Resistance 17842 – 18001 – 18198

NSE Nifty 5429.50

Major Support 5391 – 5327 – 5294

Major Resistance 5438 – 5458 – 5521


View

Watch IIP numbers which will be announced. The bullishness is expected to continue. The markets are expected to open with a gap up opening. Scrip specific action is expected to continue throughout the day with choppy activity in the overall market. For the Sensex watch support @ 17680 and for the Nifty @ 5391 levels. On the higher side resistance exists @ 17842 for the Sensex and 5438 for the Nifty.

Market View for Tuesday 13 Mar 2012

Index Levels

BSE Sensex 17587.67

Major Support 17494 – 17325 – 17008

Major Resistance 17772 – 18001

NSE Nifty 5359.55

Major Support 5327 – 5294 – 5171

Major Resistance 5421 – 5458


View

The markets are expected to stay calm as market players get ready for the Budget this week. Till the time the lows made on the last Wednesday are broken the market would continue to stay afloat moving up slowly. For the Sensex support should be watched @ 17494 and for the Nifty @ 5327 levels. On the higher side the resistance should be watched @ 17772 for the Sensex and 5421 for the Nifty. At higher levels the markets would face difficulty sustaining. Choppy trade will continue. Hold a scrip specific activity.

Market View for Friday 09 Mar 2012

Index Levels

BSE Sensex 17145.52

Major Support 17008 – 16828

Major Resistance 17239 – 17336 – 17691


NSE Nifty 5220.45

Major Support 5171 – 5076

Major Resistance 5243 – 5266 – 5382


View

The Greece overhang seems to be nearing a positive end bringing in cheer in the global markets. on the domestic front the next big trigger is the monetary policy and the Union budget coming up in the next week. The indices have witnessed a 10% correction till now. The cues coming in from the Pre opening is that the markets would open with a gap up. This is something which players should be cautious of as the markets would find it difficult in sustaining to the gains with such a opening. There can be exceptions and therefore entering trades on confirmations is advisable. For the Sensex watch support @ 17008 and for the Nifty @ 5171 levels. On the higher side the markets could test levels mentioned above as resistance. Scrip specific action will continue.

Market View for Wednesday 07 Mar 2012

Index Levels

BSE Sensex 17173.29

Major Support 17128 – 17061 – 16965 – 16828

Major Resistance 17336 – 17691


NSE Nifty 5222.40

Major Support 5206 – 5159 – 5125 – 5076

Major Resistance 5266 – 5382


View

The markets sold off amidst a choppy session as the election results kept coming during the day. After a sell off the markets witnessed a rally to finally give way by the end of the session. The weakness is expected to continue even today. Choppiness could continue with the overall picture very gloomy on the domestic as well as global front. A surprise could now be from the RBI policy or the success of Greece in avoiding default or the Union Budget which comes up next week. If the markets fail to have some surprises then expect them to continue their correction to deepen. It is a good idea to hold a scrip specific view. For the Sensex today watch resistance @ 17336 and for the Nifty @ 5266 levels. On the lower side supports come in @ 17061 – 16965 for the Sensex and 5159 – 5125 for the Nifty. Below the resistance levels expect the indices to test supports mentioned above.

Market View for Friday 02 Mar 2012

Index Levels

BSE Sensex 17583.97

Major Support 17463 – 17381

Major Resistance 17714 – 17919 – 18001


NSE Nifty 5339.75

Major Support 5297 – 5268

Major Resistance 5372 – 5424 – 5458


View

The markets traded choppy and indecisive throughout the day. Though the buying was missing so was the selling which did not continue for long. The choppy trade continued with stocks as well. With lack of triggers and major events coming in the next two weeks the markets are expected to trade dull and sideways. For the Sensex watch support @ 17463 and for the Nifty @ 5297 levels. On the higher levels Sensex has a resistance @ 17714 and Nifty has it @ 5372 levels. Hold a scrip specific view.

Market View for Thursday 01 Mar 2012

Index Levels

BSE Sensex 17752.68

Major Support 17677 – 17638 – 17545

Major Resistance 17919 – 18001 – 18198



NSE Nifty 5385.20

Major Support 5352 – 5343 – 5310

Major Resistance 5424 – 5458 – 5479


View

The markets traded choppy with low volumes as the players face tough GDP numbers. Falling growth did subdue the markets but did not materialize into a sell off. The trend is expected to continue today again. Supports should be watched @ 17677 for the Sensex and 5352 for the Nifty. On the higher side resistance should be watched @ 17919 for the Sensex and 5424 for the Nifty. Election results for UP, RBI policy, Union Budget, Greece are some events which have started inducing indecisiveness in the markets. As these events are completed the markets should decide its direction. Therefore this is a period to keep your bull horns and bear tails in the closet. Enjoy a low profile till we have clarity on these issues.

Market View for Friday 17 Feb 2012

Index Levels

BSE Sensex 18153.99

Major Support 18043 – 18000 – 17890

Major Resistance 18182 – 18231 – 18440

NSE Nifty 5521.95

Major Support 5483 – 5460 – 5377

Major Resistance 5531 – 5542 – 5552


View
The markets closed with an indecisive pattern on day end closing basis. The bullish mood continues with money flowing in one or the other stock. The financial problem started in the American economy in 2008 and in 2012 the stock markets there are hitting new highs. If the money keeps coming we too can hit a new high in a few days. For today if the markets open with a gap up opening then we could see the indices consolidating. For the indices watch resistance @ 18231 for the Sensex and 5542 for the Nifty. On the lower side watch supports @ 18000 for the Sensex and 5460 for the Nifty. Hold a scrip specific view…

Market View for Thursday 16 Feb 2012

Index Levels

BSE Sensex 18202.41

Major Support 18101 – 18000
Major Resistance 5496 – 5460


NSE Nifty 5531.95

Major Support 5496 – 5460
Major Resistance 18231 – 18440

View:

With the markets having taken energy pills they continued to sprint forward. With a gap up opening the markets continued to stay afloat throughout the day. It seems the money is still flowing in our markets making the stocks rally. With the global markets we could start subdued today but the buoyancy will continue. For the day watch resistance @ 18231 for the Sensex and 5542 for the Nifty. Below these levels the indices would consolidate. On the lower side today the indices can test supports @ 18101 for the Sensex and 5496 for the Nifty. Hold a scrip specific view…

Market View for Wednesday 01 Feb 2012

Index Levels

BSE Sensex 17193.55

Major Support 17079 – 16965 – 16828

Major Resistance 17238 – 17258

NSE Nifty 5199.25

Major Support 5162 – 5125 – 5076

Major Resistance 5215 – 5217


View
The markets showed strength as they witnessed a broad based rally. The quarterly numbers are almost through and the next big trigger for the markets leaving aside the cues coming in from Europe would be the Budget which is scheduled after the elections. This means till the Budget there would not be any negative trigger coming in on the domestic front and that could ensure that the strong hands make money in the short term. Consolidations would continue but the overall tendency of the markets could remain biased towards bullishness. For today expect the markets to trade sideways and choppy. As of levels watch support @ 17079 for the Sensex and 5162for the Nifty. On the higher side watch resistance @ 17238 – 17258 for the Sensex and 5215 – 5217 for the Nifty. Selling could come in at higher levels. Hold a scrip specific view…

Market View for Tuesday 24 Jan 2012

Index Levels

BSE Sensex 16751.73

Major Support 16667 – 16611 – 16573

Major Resistance 16788 – 17003

NSE Nifty 5046.25

Major Support 5025 – 5004 – 4991

Major Resistance 5064 – 5099


View
The markets traded sideways as players took to a cautious approach with RBI policy. Everybody is expecting nothing major to happen in the policy which comes up today. It is advisable that we wait for the policy to come out to enter trades. Choppiness could be high and the markets at current levels could also face pressure. Jan Derivatives expiry scheduled on coming Thursday will bring in a lot of indecisive volatility. For the day watch resistance @ 16788 – 17003 for the Sensex and 5064 – 5099 for the Nifty. Below these levels the markets would stay weak. On the lower side expect the indices to test all the supports as and when the indices crack the first level of supports mentioned in the above table.

Market View for Monday 23 Jan 2012

Index Levels

BSE Sensex 16739.01

Major Support 16412 – 16086 – 16037

Major Resistance 16788 – 17003

NSE Nifty 5048.60

Major Support 4946 – 4844 – 4827

Major Resistance 5064 – 5099


View
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Market View for Friday 20 Jan 2012

Index Levels

BSE Sensex 16643.74

Major Support 16573 – 16517 – 16384

Major Resistance 16662 – 16819 – 16847

NSE Nifty 5018.40

Major Support 4995 – 4977 – 4931

Major Resistance 5024 – 5037 – 5049


View
The indices opened in positive and stayed afloat throughout the day. The move up was capped as the indices have moved up significantly till now. At current levels the bulls could get cautious and that could bring in choppiness. Expect tough resistance coming in from current levels to a percent above from here. A gap up opening could see the indices moving sticky and such an open could also bring in some long unwinding in the overall markets. As of levels watch resistance for the Sensex @ 16819 and for the Nifty @ 5037 – 5049. On the lower side supports come in @ 16517 – 16384 for the Sensex and 4977 – 4931 for the Nifty. Today is a day to be extra cautious and it is advisable to enter trades of double confirmation.

Market View for Tuesday 17 Jan 2012

Index Levels

BSE Sensex 16189.36

Major Support 16086 – 16037 – 15962

Major Resistance 16214 – 16257 – 16354

NSE Nifty 4873.90

Major Support 4844 – 4827 – 4803

Major Resistance 4880 – 4898 – 4910


View
The markets bucked the trend in the European and the Asian markets. American markets were closed and therefore there were no cues coming in from that side of the world. Our markets which have witnessed lot of selling till now defied the trend and managed to stay afloat though with high levels of choppiness. The inflation numbers provide some spice for the markets. On Tuesday we would start off more or less on our own later to follow the trend in the European markets and the guidelines coming in from the American Futures. For the Sensex watch support @ 16086 – 16037 and for the Nifty watch it @ 4844 – 4827 levels. On the higher side resistance to come in @ 16257 – 16354 for the Sensex and 4898 – 4910 for the Nifty. Results season to bring in spiked moves in the market. As of now hold patience till the markets bring some nice opportunities for us to capitalize on.

Market View for Friday 13 Jan 2012

Index Levels

BSE Sensex 16037.51

Major Support 15962 – 15898 – 15678

Major Resistance 16178 – 16244 – 16354

NSE Nifty 4831.25

Major Support 4803 – 4771 – 4695

Major Resistance 4869 – 4877 – 4906


View
The markets closed on an indecisive note with the price forming a spinning top formation on candlestick charts. After the results Infosys witnessed a gap down opening and weakness continued throughout the day. The markets in general showed strength with the rest of index heavyweights holding the markets up. It is the last day of the week and the volumes are expected to remain very low. There are no cues coming in from the domestic and the global fronts and therefore the day could be dull. The earnings season should make the markets stay at the current levels one day up and the other day down. With indecisive patterns we should watch the highs and lows formed yesterday. For the Sensex watch supports @ 15962 and for the Nifty watch it @ 4803. On the higher side watch resistance @ 16178 for the Sensex and 4869 for the Nifty. Between these levels the markets would trade dull with players completely missing the direction. Wait for the European markets to open and see if they can provide any triggers for our markets. Hold a Low Profile.

Market View for Wednesday 11 Jan 2012

Index Levels

BSE Sensex 16165.09

Major Support 16031 – 15898

Major Resistance 16180 – 16354 – 16382

NSE Nifty 4849.55

Major Support 4810 – 4771

Major Resistance 4855 – 4906 – 4918


View
The markets moved above the range in which they were trading for the last one month. It was a bombastic move and therefore today the markets are expected to remain choppy. The volumes could be dull and the movements could be stock specific as the 3rd quarter earnings season starts. Tomorrow Infosys is scheduled to announce numbers and market players would like to wait with crossed fingers expecting Infosys to come out with some positive surprises. As of levels watch supports for the Sensex @ 16031 and for the Nifty @ 4810. Above these levels the markets should stay afloat and in the hands of the bulls. On the higher side major resistance comes in @ 16354 – 16382 for the Sensex and 4906 – 4918 for the Nifty. Hold a Scrip Specific View…

Market View for Friday 06 Jan 2012

Index Levels

BSE Sensex 15857.08

Major Support 15809 – 15789 – 15640

Major Resistance 15980 – 16004 – 16049

NSE Nifty 4749.95

Major Support 4730 – 4720 – 4675

Major Resistance 4779 – 4800 – 4839


View
The markets closed with an indecisive pattern on candlestick charts. The formation was Doji which tells us that the markets players are confused of the direction of the markets and therefore the highs and lows are important for deciding the further direction. With this view supports should be watched @ 15809 for the Sensex and 4730 for the Nifty. On the higher side resistance comes in @ 15980 for the Sensex and 4779for the Nifty. Between these levels the indecisive mood could continue. The volumes currently have dried up which sends a message that one needs to be cautious before entering a trade. Hold a low profile…

Market View for Thursday 05 Jan 2012

Index Levels

BSE Sensex 15882.64

Major Support 15822 – 15789 – 15640

Major Resistance 16004 – 16049 – 16133

NSE Nifty 4749.65

Major Support 4728 – 4720 – 4675

Major Resistance 4782 – 4800 – 4839


View
The markets traded sideways and indecisive as the global markets had nothing to stimulate and so did the domestic cues. Horrible volumes less than 50% of the normal traded volumes on the Indian bourses. People have money but the policy paralysis is taking a toll on the markets. Businessmen have forgotten that businesses are done with passion and not with egos. Come on the world is big and why make it small. I am personally fed up of the situation. Hope god gives brains to all. Sensex has a support @ 15822 and Nifty has it @ 4728 levels. On the higher side the resistance comes in @ 16004 for the Sensex and 4782 for the Nifty. With spinning top formations these levels will play an important role for the day. Hold a low profile.

Market View for Wednesday 04 Jan 2012

Index Levels

BSE Sensex 15939.36

Major Support 15789 – 15640

Major Resistance 15970 – 16049 – 16133

NSE Nifty 4765.30

Major Support 4720 – 4675

Major Resistance 4773 – 4800 – 4839


View
The markets traded on low volumes and continued to move up as the world markets gave positive vibes. This was a long awaited move of correction for the sold off market. Today the cues which come in from global markets are indecisive and therefore the markets are expected to remain sideways. The Sensex has a support @ 15789 and Nifty has it @ 4720. On then higher side resistance comes in @ 15970 for the Sensex and 4773 for the Nifty. Stocks are not showing any signs of bullishness or bearishness and therefore it is better to hold a low profile for the day.

Market View for Tuesday 03 Jan 2012

Index Levels

BSE Sensex 15517.92

Major Support 15358 – 15135

Major Resistance 15542 – 15694 – 15887

NSE Nifty 4636.75

Major Support 4588 – 4531

Major Resistance 4645 – 4690 – 4756


View
The markets traded with dizzy volumes and choppy moves as there were no cues coming from the global front with all the major stock exchanges closed on account of new year. Today the cues coming in are positive and our markets are expected to open gap up. This is something which markets players should be cautious of as this move if without volumes can fail. It is better to wait for extra confirmation and then enter a trade in such a market. Sensex has a support @ 15358 and Nifty has it @ 4588 levels. On the higher side next levels for the indices could be 15694 – 15887 for the Sensex and 4690 – 4756 for the Nifty. Hold a scrip specific view…