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’