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’
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