Market View for Thursday 29 Dec 2011

Index Levels:

BSE Sensex 15727.85

Major Support 15666 – 15546 – 15472
Major Resistance 15854 – 15887 – 16049

NSE Nifty 4705.80

Major Support 4685 – 4636 – 4601
Major Resistance 4731 – 4756 – 4800


View:

The markets are expected to start off on a weak note taking cues from the US markets. The afternoon trade to be dictated by the European markets which will start at 1.30 pm. Today also is the December derivatives contracts expiry and that could bring volatility in the markets. For the Sensex watch resistance @ 15854 and for the Nifty @ 4731 levels. Below these levels the markets would remain weak and test further supports down the line. Hold a scrip specific view.

Market View for Tuesday 27 Dec 2011

Index Levels

BSE Sensex 15970.75

Major Support 15876 – 15782 – 15761

Major Resistance 15998 – 16068 – 16133

NSE Nifty 4779.00

Major Support 4748 – 4718 – 4693

Major Resistance 4787 – 4818 – 4839


View
The markets stayed afloat as the European and the American markets remained closed. The beaten down market got into correction mode with most of the stocks moving up. Today again is expected to be another day which if is not disturbed with an negative news flow would see the overall markets moving up. Small moves and dull activity could also be seen as witnessed yesterday. Holding a low profile this week is the best strategy for the week. For today watch support for the Sensex @ 15876 and for the Nifty @ 4748 levels. On the higher side the next targets for the markets could be 15998 – 16068 for the Sensex and 4787 – 4818 for the Nifty. As the markets move to the higher levels they could get cautious and therefore all positions should be held with strict stop losses.

Market View for Monday 26 Dec 2011

Index Levels

BSE Sensex 15738.70

Major Support 15440 – 15135 – 14684

Major Resistance 15911 – 16354

NSE Nifty 4714.00

Major Support 4623 – 4531 – 4353

Major Resistance 4763 – 4906


View
The markets witnessed choppy trade finally managing to close the week in the green but below the crucial levels below which it had broken in the earlier week. The close overall continues to remain because it failed to penetrate above the crucial level. This is the last week for the calendar year and with most players enjoying holidays could further see a slide in the trading volumes. It also happens to be yearly accounts closing for most of the foreign institutional players. It is said that the month of December sees a good closing because of accounts closing. This time could be different till we trade below the crucial levels. Major Resistance should be watched @ 15911 for the Sensex and 4763 for the Nifty. If the markets sustain above these levels then expect the markets to get into a consolidation phase. This could happen if the negative news flows stop coming in the markets. Europe continues to be a hanging sword on the markets. With elections scheduled in 5 states in the coming 3 months could further see a slide on the policy making process. This is a sentiment dampner for the markets. Also starting January we would witness earnings numbers for the 3rd quarter flowing in and that could bring in all kind of moods back – good, bad and ugly. From the earnings witnessed till now they do not seem to favour any spicy treat for the markets. The next big trigger for the markets would be budget and I wish the decision makers do give some life to the markets through a good budget. Lets hope for the best.

Market View for Tuesday 20 Dec 2011

Index Levels

BSE Sensex 15379.34

Major Support 15190 – 14684

Major Resistance 15440 – 15923 – 16354

NSE Nifty 4613.10

Major Support 4555 – 4538 – 4353

Major Resistance 4623 – 4779 – 4906


View
The markets traded sideways moving up and down with the final volatility being added by the European markets. The movement is expected to remain same throughout the month. Our markets now need domestic triggers which would help them move as per our own sentiments. This could also bring in good trading markets. Till such a time expect volatility to stay. Today watch support @ 15190 for the Sensex and 4555 for the Nifty. These are the levels from where the markets witnessed a rebound. These levels now will play a crucial role as important supports. Above these levels the beaten down markets would try to enjoy a breather. Upsides could be limited to 15923 for the Sensex and 4779 for the Nifty. Lets not forget that after the breakdown the markets have not tested back those levels and that’s what will happen today or tomorrow. The moves will be decided as per the market’s reaction when it reaches these levels. Scrip specific action to continue.

Market View for Monday 19 Dec 2011

Index Levels

BSE Sensex 15491.35

Major Support 15425 – 15330 – 14684

Major Resistance 15923 – 16354

NSE Nifty 4651.60

Major Support 4628 – 4538 – 4353

Major Resistance 4779 – 4906


View
The markets closed on a weak note as the RBI failed to give vitamins to the energy stripped markets. Europe crisis continue to loom over the markets as we continue to trade with lot of weakness and a lot negative sentiments going round and round on the business channels and newspapers. The charts of the major world indices suggest that the American markets are better placed than the rest of the markets in the world. Out of the two pillars which support the sentiments in India – US and Europe only one is facing a major problem as of now. This is a positive for the markets. The domestic cues continue to remain subdued but with the markets as a whole are trading in oversold territories. The markets this week are mostly expected to trade duckish with small moves and dull trades with low volumes. Scrip specific action would continue but risk would remain very high. Watch immediate supports for the Sensex @ 15425 and for the Nifty @ 4628 levels. These are major face saving levels for the two indices. If these levels hold then the indecisive sentiment would continue. Only a breakout below these levels would bring in big moves in the markets. As of resistance levels for the Sensex watch it @ 15923 and for the Nifty @ 4779 levels. Follow Intraday Action Viewer to make money in the intraday markets.

Market View for Friday 16 Dec 2011

Index Levels

BSE Sensex 15836.47

Major Support 15596 – 15479

Major Resistance 15908 – 16133

NSE Nifty 4746.35

Major Support 4673 – 4639

Major Resistance 4768 – 4839


View
The market direction is expe ted to be decided by the guidance coming out of the RBI policy today. More or less the markets are expected to remain stock specific and on the RBI policy.

Market View for Wednesday 14 Dec 2011

Index Levels
BSE Sensex 16002.51

Major Support 15890 – 15778 – 15645

Major Resistance 16079 – 16354

NSE Nifty 4800.60

Major Support 4767 – 4733 – 4693

Major Resistance 4824 – 4906


View
The markets traded choppy going up then down and finally a surprise move up in the closing trade. The markets were undecided as to the direction after the sell off on Monday. Today’s move could also be termed as a breather. The markets are trading on crucial supports coming in from levels of Aug, Sept, Oct and November 2011. These levels need to be watched closely as till the time the markets stay around these levels they would trade choppy. Wednesday to see the IIP numbers coming in and that could be a trigger for the markets after the noon hours. But till then the markets are expected to trade dull and lack luster. Hold a scrip specific view…