Market View for Monday 30 Apr 2012
Market View for Thursday 26 Apr 2012
Market View for Tuesday 24 Apr 2012
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!!!
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