Market View for Wednesday 18 Apr 2012

Index Levels


BSE Sensex 17357.94

Major Support 17200 – 17103

Major Resistance 17381 – 17395 – 17553


NSE Nifty 5289.70

Major Support 5266 – 5208

Major Resistance 5298 – 5306 – 5338


View

The rate cut had a positive impact on the markets. The indices rallied with most of the stocks supporting the cause of the rally. the move is expected to continue till the indices hit the upper end of the current range. This resistance comes in @ 17381 for the Sensex and 5298 for the Nifty. Closing above these levels could take the markets into a new range. With the results going on the markets are expected to hit hurdles as they try to move up. On the lower side for the day supports should be watched @ 17200 for the Sensex and 5266 for the Nifty. A gap up opening could subdue the markets and should be traded watchfully. Hold a scrip specific view… 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’<

Market View for Tuesday 17 Apr 2012

Index Levels


BSE Sensex 17150.95

Major Support 17047 – 17010 – 16920

Major Resistance 17173 – 17232 – 17398


NSE Nifty 5226.20

Major Support 5190 – 5183 – 5135

Major Resistance 5233 – 5255 – 5306



View

The markets opened flat and managed to move up with expectations of RBI reducing interest rates today. Let’s hope that the RBI does not disappoint today cause if that happens then we may witness selling in the markets. For today watch support @ 17047 for the Sensex and 5190 for the Nifty. Above these levels the markets should stay strong. Hold a scrip specific view… With RBI Policy today is an event based 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’<

Market View for Monday 16 Apr 2012

Index Levels


BSE Sensex 17094.51

Major Support 17027 – 16920 – 16828

Major Resistance 17251 – 17407 – 17664


NSE Nifty 5207.45

Major Support 5185 – 5135 – 5076

Major Resistance 5244 – 5306 – 5378



View

The markets sold off after the disappointing guidance from Tech Daddy Infosys Technologies. The earnings season continues and so does the cautious mood in the markets. Today we have inflation numbers coming out and an RBI policy coming up tomorrow. With the goof ups in numbers that we have seen from the government agencies it is difficult to have faith on these numbers. Intraday charts could remain choppy for some more days. On the short term day end charts the markets continue to remain in a range and this range could prove a testing time for the overall markets. The global cues are negative but our markets could buck the trend in those markets. For this week we need to watch support @ 17027 for the Sensex with a major support @ 16920 and for the Nifty @ 5185 with a major support @ 5135 levels. On the higher side this week the markets could find resistance @ 17251 – 17407 for the Sensex and 5244 – 5306 for the Nifty. Within this range the indices would remain choppy. Hold a scrip specific view… 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’<

Market View for Friday 13 Apr 2012

Index Levels


BSE Sensex 17332.62

Major Support 17276 – 17075 – 16920

Major Resistance 17395 – 17407 – 17553


NSE Nifty 5276.85

Major Support 5246 – 5190 – 5135

Major Resistance 5290 – 5338 – 5378



View

The markets traded flat as market players remained cautious of the earnings season which starts with Infosys on Friday. The guidance will play an important role in the direction of the markets. Let’s hope that the management does not disappoint us. The markets have continuously shown strength and this was again proved with the IIP numbers getting revised on the lower side but the markets continued to stay afloat. For today watch support @ 17276 for the Sensex and 5246 for the Nifty. On the higher side resistance comes in @ 17395 for the Sensex and 5290 for the Nifty. On disappointing results the markets are expected to tumble down today. Lets hope for the best. 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’<

Market View for Thursday 12 Apr 2012

Index Levels


BSE Sensex 17199.40

Major Support 17125 – 17075 – 16920

Major Resistance 17319 – 17407


NSE Nifty 5226.85

Major Support 5209 – 5190 – 5135

Major Resistance 5263 – 5282


View

The markets traded indecisive closing with a spinning top formation. The undercurrent remains positive. Tomorrow the result season starts and that could be decisive for the trigger less markets. for today watch support for the Sensex @ 17125 and for the Nifty @ 5209 levels. On the higher side resistance comes in @ 17319 for the Sensex and 5263 for the Nifty. The markets will trade choppy. Hold a scrip specific view… 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’<

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’<

Market View for Tuesday 10 Apr 2012

Index Levels


BSE Sensex 17222.14

Major Support 17199 – 17117 – 17039 – 16920

Major Resistance 17314 – 17407 – 17553


NSE Nifty 5234.40

Major Support 5228 – 5206 – 5145 – 5135

Major Resistance 5260 – 5282 – 5338



View

The markets sold off confirming the short term resistance coming in from the falling trend line as mentioned in yesterday’s newsletter. The earnings season is set to start and therefore the markets are getting cautious of the outcome. On the global front Iran remains a problem in turn keeping the crude prices up. The current formation suggests that we are now heading for the lower end of the band. For today we need to watch resistance @ 17314 for the Sensex and 5260 for the Nifty. On the lower side watch support coming in @ 17199 for the Sensex and 5228 for the Nifty. The markets will trade choppy and therefore it is advisable to hold a low profile in case of all trading positions. Investor should wait for the moment for stocks to make good patterns on charts. 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’<