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’<

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