Market View for Friday 17 Feb 2012

Index Levels

BSE Sensex 18153.99

Major Support 18043 – 18000 – 17890

Major Resistance 18182 – 18231 – 18440

NSE Nifty 5521.95

Major Support 5483 – 5460 – 5377

Major Resistance 5531 – 5542 – 5552


View
The markets closed with an indecisive pattern on day end closing basis. The bullish mood continues with money flowing in one or the other stock. The financial problem started in the American economy in 2008 and in 2012 the stock markets there are hitting new highs. If the money keeps coming we too can hit a new high in a few days. For today if the markets open with a gap up opening then we could see the indices consolidating. For the indices watch resistance @ 18231 for the Sensex and 5542 for the Nifty. On the lower side watch supports @ 18000 for the Sensex and 5460 for the Nifty. Hold a scrip specific view…

Market View for Thursday 16 Feb 2012

Index Levels

BSE Sensex 18202.41

Major Support 18101 – 18000
Major Resistance 5496 – 5460


NSE Nifty 5531.95

Major Support 5496 – 5460
Major Resistance 18231 – 18440

View:

With the markets having taken energy pills they continued to sprint forward. With a gap up opening the markets continued to stay afloat throughout the day. It seems the money is still flowing in our markets making the stocks rally. With the global markets we could start subdued today but the buoyancy will continue. For the day watch resistance @ 18231 for the Sensex and 5542 for the Nifty. Below these levels the indices would consolidate. On the lower side today the indices can test supports @ 18101 for the Sensex and 5496 for the Nifty. Hold a scrip specific view…

Market View for Wednesday 01 Feb 2012

Index Levels

BSE Sensex 17193.55

Major Support 17079 – 16965 – 16828

Major Resistance 17238 – 17258

NSE Nifty 5199.25

Major Support 5162 – 5125 – 5076

Major Resistance 5215 – 5217


View
The markets showed strength as they witnessed a broad based rally. The quarterly numbers are almost through and the next big trigger for the markets leaving aside the cues coming in from Europe would be the Budget which is scheduled after the elections. This means till the Budget there would not be any negative trigger coming in on the domestic front and that could ensure that the strong hands make money in the short term. Consolidations would continue but the overall tendency of the markets could remain biased towards bullishness. For today expect the markets to trade sideways and choppy. As of levels watch support @ 17079 for the Sensex and 5162for the Nifty. On the higher side watch resistance @ 17238 – 17258 for the Sensex and 5215 – 5217 for the Nifty. Selling could come in at higher levels. Hold a scrip specific view…

Market View for Tuesday 24 Jan 2012

Index Levels

BSE Sensex 16751.73

Major Support 16667 – 16611 – 16573

Major Resistance 16788 – 17003

NSE Nifty 5046.25

Major Support 5025 – 5004 – 4991

Major Resistance 5064 – 5099


View
The markets traded sideways as players took to a cautious approach with RBI policy. Everybody is expecting nothing major to happen in the policy which comes up today. It is advisable that we wait for the policy to come out to enter trades. Choppiness could be high and the markets at current levels could also face pressure. Jan Derivatives expiry scheduled on coming Thursday will bring in a lot of indecisive volatility. For the day watch resistance @ 16788 – 17003 for the Sensex and 5064 – 5099 for the Nifty. Below these levels the markets would stay weak. On the lower side expect the indices to test all the supports as and when the indices crack the first level of supports mentioned in the above table.

Market View for Monday 23 Jan 2012

Index Levels

BSE Sensex 16739.01

Major Support 16412 – 16086 – 16037

Major Resistance 16788 – 17003

NSE Nifty 5048.60

Major Support 4946 – 4844 – 4827

Major Resistance 5064 – 5099


View
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Market View for Friday 20 Jan 2012

Index Levels

BSE Sensex 16643.74

Major Support 16573 – 16517 – 16384

Major Resistance 16662 – 16819 – 16847

NSE Nifty 5018.40

Major Support 4995 – 4977 – 4931

Major Resistance 5024 – 5037 – 5049


View
The indices opened in positive and stayed afloat throughout the day. The move up was capped as the indices have moved up significantly till now. At current levels the bulls could get cautious and that could bring in choppiness. Expect tough resistance coming in from current levels to a percent above from here. A gap up opening could see the indices moving sticky and such an open could also bring in some long unwinding in the overall markets. As of levels watch resistance for the Sensex @ 16819 and for the Nifty @ 5037 – 5049. On the lower side supports come in @ 16517 – 16384 for the Sensex and 4977 – 4931 for the Nifty. Today is a day to be extra cautious and it is advisable to enter trades of double confirmation.

Market View for Tuesday 17 Jan 2012

Index Levels

BSE Sensex 16189.36

Major Support 16086 – 16037 – 15962

Major Resistance 16214 – 16257 – 16354

NSE Nifty 4873.90

Major Support 4844 – 4827 – 4803

Major Resistance 4880 – 4898 – 4910


View
The markets bucked the trend in the European and the Asian markets. American markets were closed and therefore there were no cues coming in from that side of the world. Our markets which have witnessed lot of selling till now defied the trend and managed to stay afloat though with high levels of choppiness. The inflation numbers provide some spice for the markets. On Tuesday we would start off more or less on our own later to follow the trend in the European markets and the guidelines coming in from the American Futures. For the Sensex watch support @ 16086 – 16037 and for the Nifty watch it @ 4844 – 4827 levels. On the higher side resistance to come in @ 16257 – 16354 for the Sensex and 4898 – 4910 for the Nifty. Results season to bring in spiked moves in the market. As of now hold patience till the markets bring some nice opportunities for us to capitalize on.