Piplodwala Investment Consultants
 
     
  Daily Analysis   01-September-2010  
     
 

DAILY TECHNICAL ANALYSIS

  
 

TECHNICAL REVIEW FOR 1st September 2010.

S & P Cnx nifty bounced back exactly from our support level of 5349.Sensex and nifty will remain in the narrow range today.

BSE SENSEX(17971): DOWN SIDE SUPPORT AT 17911-17820-17736 AND RESISTANCE TO UP MOVE AT 18048-18144-18238.

 

S & P CNX NIFTY(5402): DOWN SIDE SUPPORT AT 5390-5366-5349. AND RESISTANCE TO UP MOVE AT 5430-5450.

 

Wish you all a very happy trading day

31st August 2010.

Remember my words,"AS I SAID BE CAUTIOUS AT EVERY RISE, BUT WATCH DOWN SIDE SUPPORT LEVEL OF BSE SENSEX 17736 VERY VERY CLOSELY.AND AS LONG AS THIS LEVEL HOLDS STAY INVESTED BUT BREAKING AND CLOSING BELOW THIS LEVEL FOR THREE DAYS IN A ROW EXIT THE LONGS AND WAIT FOR THE DOWNSIDE TO RE-ENTER."

BSE SENSEX(18031): DOWN SIDE SUPPORT AT 17911-17862 AND RESISTANCE TO UP MOVE AT 18144-18238.

 

S & P CNX NIFTY(5415): DOWN SIDE SUPPORT AT 5390-5366-5349. AND RESISTANCE TO UP MOVE AT 5430-5450.

 

Wish you all a very happy trading day

30th August 2010.

AS I SAID BE CAUTIOUS AT EVERY RISE, BUT WATCH DOWN SIDE SUPPORT LEVEL OF BSE SENSEX 17736 VERY VERY CLOSELY.AND AS LONG AS THIS LEVEL HOLDS STAY INVESTED BUT BREAKING AND CLOSING BELOW THIS LEVEL FOR THREE DAYS IN A ROW EXIT THE LONGS AND WAIT FOR THE DOWNSIDE TO RE ENTER.

 

 

BSE SENSEX(17998): DOWN SIDE SUPPORT AT 17911-17862 AND RESISTANCE TO UP MOVE AT 18048-18144-18238.

 

S & P CNX NIFTY(5409): DOWN SIDE SUPPORT AT 5390-5366-5349. AND RESISTANCE TO UP MOVE AT 5430-5450-5500.

 

Wish you all a very happy trading day

 

27th August 2010.

F & O EXPIRY FOR MONTH OF AUGUST IS OVER NOW AND MARKET REMAINED AS EXPECTED AND CLOSED WITH POSETIVE NOTE BUT AT EVERY HIGH MARKET LOOKS HEAVY AND PROFIT BOOKING SEEN AT RISE SO BE CAUTIOUS.....

 

BSE SENSEX(18226): DOWN SIDE SUPPORT AT 18144-18000 AND RESISTANCE TO UP MOVE AT 18362.

 

S & P CNX NIFTY(5478): DOWN SIDE SUPPORT AT 5450-5430-5399. AND RESISTANCE TO UP MOVE AT 5500-5550.

 

Wish you all a very happy trading day

26th August 2010.

NOW TODAY IS F&O EXPIRY DAY AND WE MAY SEE SHARP VOLATALITY WITH POSETIVE BIAS AND SENSEX AND NIFTY WILL REMAIN FLAT TO  POSETIVE AND TECHNICAL LEVELS REMAIN AS SAME AS YESTERDAY NIFTY RANGE 5450 TO 5500 AND SENSEX 18238 TO 18362.

25th August 2010.

 

BSE SENSEX(18312): DOWN SIDE SUPPORT AT 18238-18144 AND RESISTANCE TO UP MOVE AT 18362-18500.

 

S & P CNX NIFTY(5505): DOWN SIDE SUPPORT AT 5480-5450. AND RESISTANCE TO UP MOVE AT 5550.

 

Wish you all a very happy trading day

24th August 2010.

NOW WE ARE IN F&O EXPIRY WEEK AND WE MAY SEE SHARP VOLATALITY WITH POSETIVE BIAS.

BSE SENSEX(18409): DOWN SIDE SUPPORT AT 18362-18238 AND RESISTANCE TO UP MOVE AT 18520-18800.

S & P CNX NIFTY(5544): DOWN SIDE SUPPORT AT 5500-5450. AND RESISTANCE TO UP MOVE AT 5550-5600-5650.

 

Wish you all a very happy trading day

23rd August 2010.

SENSEX AND NIFTY HAS CROSSED AND SUSATAINED COMFORTABLY WELL ABOVE MY RESISTANCE LEVELS AND NOW I CAN SAY THAT SENSEX AND NIFTY HAS OPENED A NEW HIGHER RANGE AND WILL ACHIEVE IT IN COMING MONTHS.

NOW THIS IS F&O EXPIRY WEEK AND WE MAY SEE SHARP VOLATALITY WITH POSETIVE BIAS.

BSE SENSEX(18402): DOWN SIDE SUPPORT AT 18362-18238 AND RESISTANCE TO UP MOVE AT 18520-18800.

S & P CNX NIFTY(5531): DOWN SIDE SUPPORT AT 5500-5450. AND RESISTANCE TO UP MOVE AT 5550-5600-5650.

 

Wish you all a very happy trading day

20th August 2010.

Aggressive short covering and good monsoon and declining inflation and constant buying by FII and next week F&0 expiry factor taking sensex and nifty Up & Up only at present and logical targets are bse sensex 18500-18800 range and nifty 5550-5650 in coming weeks.....

19th August 2010.

 

BSE SENSEX(18257): RESISTANCE TO UP MOVE AT 18362 AND DOWN SIDE SUPPORT AT 18144-18048.

 

S & P CNX NIFTY(5479): RESISTANCE TO UP MOVE AT 5500-5550 AND DOWN SIDE SUPPORT AT 5450-5430-5399.

 

 

18th August 2010.

Look sensex and nifty both remain within my support and resistance zone respectively and analysis for today almost remain same as yesterday as market remained in narrow range.

BSE SENSEX(18049): RESISTANCE TO UP MOVE AT 18144-18238 AND DOWN SIDE SUPPORT AT 18000-17911-17800.

 

S & P CNX NIFTY(5414): RESISTANCE TO UP MOVE AT 5430- 5450-5500 AND DOWN SIDE SUPPORT AT 5400-5367-5350.

 

Wish you all a very happy trading day

17th August 2010.

 

At higher levels profit booking and stock specific news base sell-off seen.And again market broke my both crucial levels 18000(BSE SENSEX) & 5399(NIFTY) but just managed to close above this levels.Now for today

BSE SENSEX(18051): RESISTANCE TO UP MOVE AT 18144-18238 AND DOWN SIDE SUPPORT AT 18048-17911-17800.

 

S & P CNX NIFTY(5418): RESISTANCE TO UP MOVE AT 5430- 5450-5500 AND DOWN SIDE SUPPORT AT 5400-5367-5350.

 

Wish you all a very happy trading day

16th August 2010.

 

WATCH BSE SENSEX 18000 AND NIFTY 5399 VERY VERY CLOSELy BREAKING AND CLOSING BELOW THIS MARKET WILL TURN ABSOLUTELY NEGATIVE.

 

BSE SENSEX(18167): RESISTANCE TO UP MOVE AT 18238-18309 AND DOWN SIDE SUPPORT AT 18048-17911-17800.

 

S & P CNX NIFTY(5452): RESISTANCE TO UP MOVE AT 5500 AND DOWN SIDE SUPPORT AT 5430-5350.

 

Wish you all a very happy trading day.

 

13th August 2010.

WATCH BSE SENSEX 18000 AND NIFTY 5399 VERY VERY CLOSELy BREAKING AND CLOSING BELOW THIS MARKET WILL TURN ABSOLUTELY NEGATIVE.

 

BSE SENSEX(18074): RESISTANCE TO UP MOVE AT 18144-18238-18309 AND DOWN SIDE SUPPORT AT 18048-17911-17800.

 

S & P CNX NIFTY(5416): RESISTANCE TO UP MOVE AT 5430- 5450-5500 AND DOWN SIDE SUPPORT AT 5400-5350.

 

Wish you all a very happy trading day.

12th August 2010.

WATCH BSE SENSEX 18000 AND NIFTY 5399 VERY VERY CLOSELY.

 

BSE SENSEX(18070): RESISTANCE TO UP MOVE AT 18144-18238 AND DOWN SIDE SUPPORT AT 18048-17916-17800.

S & P CNX NIFTY(5420): RESISTANCE TO UP MOVE AT 5430- 5450-5500 AND DOWN SIDE SUPPORT AT 5400-5350.

 

Wish you all a very happy trading day.

11th August 2010.

 

BSE SENSEX(18220): RESISTANCE TO UP MOVE AT 18362 AND DOWN SIDE SUPPORT AT 18140-18048.

S & P CNX NIFTY(5461): RESISTANCE TO UP MOVE AT 5500-5550 AND DOWN SIDE SUPPORT AT 5430-5400.

 

 

 

 

10th August 2010.

 

Look what happened today? Market exactly slowly and steadly moving towards our technical levels of nifty 5550 and bse sensex 18800. Still trend is intact up but i will like to caution everyone at every rise now.

BSE SENSEX(18309): RESISTANCE TO UP MOVE AT 18362-18482 AND DOWN SIDE SUPPORT AT 18144-18048.

S & P CNX NIFTY(5486): RESISTANCE TO UP MOVE AT 5500-5550 AND DOWN SIDE SUPPORT AT 5430-5400.

 

Wish you all a very happy trading day.

 

9th August 2010.

 

Non-stop FII buying keeping indian stock market in posetive zone for the time being now. Be cautious at every rise although nifty 5550 and bse 18800 looks achiveable in coming weeks.now for today:

BSE SENSEX(18144): RESISTANCE TO UP MOVE AT 18238-18362 AND DOWN SIDE SUPPORT AT 18048-17919.

S & P CNX NIFTY(5439): RESISTANCE TO UP MOVE AT 5500-5550 AND DOWN SIDE SUPPORT AT 5430-5400-5350.

 

Wish you all a very happy trading day.

 

 6th August 2010.

 

 

BSE SENSEX(18173): DOWN SIDE SUPPORT AT 18127-18048 RANGE AND RESISTANCE TO UP MOVE AT 18362.

 

S & P CNX NIFTY(5447): DOWN SIDE SUPPORT AT 5400 AND RESISTANCE TO UP MOVE 5488-5500.

 

 

5th August 2010.

BSE SENSEX(18217): DOWN SIDE SUPPORT AT 18127-18048 RANGE AND RESISTANCE TO UP MOVE A18362.

 

S & P CNX NIFTY(5468): DOWN SIDE SUPPORT AT 5400 AND RESISTANCE TO UP MOVE 5478-5500.

 

.

4th August 2010.

 

BSE SENSEX(18115): DOWN SIDE SUPPORT AT 18048-17911 RANGE AND RESISTANCE TO UP MOVE AT 18168-18206-18362.

 

S & P CNX NIFTY(5450): DOWN SIDE SUPPORT AT 5400-5350 AND RESISTANCE TO UP MOVE 5460-5500.

 

3rd August 2010.

 

BSE SENSEX(18081): DOWN SIDE SUPPORT AT 17911 RANGE AND RESISTANCE TO UP MOVE AT 18162-18206-18362.

 

S & P CNX NIFTY(5432): DOWN SIDE SUPPORT AT 5400-5350 AND RESISTANCE TO UP MOVE 5460-5500.

 

2nd August 2010.

 

NOW F&O EXPIRY AND CORPORATE RESULT SEASON IS OVER AND RESULTS LOOKS AVERAGE AND UPTO EXPECTATION BUT NOT BEYOND EXPECTATION AND EXCELLENT.AND THATS WHY INDIAN STOCK MARKET WITNESSING PROFIT BOOKING.

BSE SENSEX(17868): DOWN SIDE SUPPORT AT 17680-17620 RANGE AND RESISTANCE TO UP MOVE AT 17920.

S & P CNX NIFTY(5368): DOWN SIDE SUPPORT AT 5330-5298 AND RESISTANCE TO UP MOVE 5400.

29th Jully 2010.

 

TODAY IS F&O EXPIRY DAY AND I THINK MKT WILL REMAIN VOLATILE.

BSE SENSEX(17957): DOWN SIDE SUPPORT AT 17919-17736. AND RESISTANCE TO UP MOVE AT 18048.

 

S & P CNX NIFTY(5397):DOWN SIDE SUPPORT AT 5351-5330 AND RESISTANCE TO UP MOVE AT 5450-5478- 5500.

 

 

 28th Jully 2010.

Technicall the trend is still intact up and looks volatile till f&o expiry.WATCH 18000 BSE AND 5400 NIFTY VERY VERY CLOSELY.

BSE SENSEX(18078): DOWN SIDE SUPPORT AT 17919-17736. AND RESISTANCE TO UP MOVE AT 18238-18380.

 

S & P CNX NIFTY(5430):DOWN SIDE SUPPORT AT 5399-5351 AND RESISTANCE TO UP MOVE AT 5500-5550.

 

27TH Jully 2010.

 

 TODAY IS  RBI`S   MONETARY  POLICY  ANNOUNCEMENT DAY.

Technicall the trend is still intact up and looks volatile till f&o expiry.WATCH 18000 BSE AND 5400 NIFTY VERY VERY CLOSELY.

 

BSE SENSEX(18020): DOWN SIDE SUPPORT AT 17919-17736. AND RESISTANCE TO UP MOVE AT 18238-18380.

 

S & P CNX NIFTY(5419):DOWN SIDE SUPPORT AT 5399-5351 AND RESISTANCE TO UP MOVE AT 5500-5550.

Wish you all a very happy trading day           

              -      THIS WEEK IS  F&O EXPIRY WEEK.

-     SOME BLUE CHIP CORPORATE RESULTS.

-      RBI`S   MONETARY  POLICY  ANNOUNCEMENT.

-     GLOBAL MARKET  TREND AFTER  EU-BANK STRESS TESTS.

-       REVIVAL IN MONSOON.

-       CONTINUED FII BUYING.

-  ALL ABOVE FACTORS WILL  DICTATE THE TREND.

 

 

26th Jully 2010.

 

Well, second day closing above 18000 bse sensex and nifty above 5400.Watch this for another 1-2 days before making any big move.Technicall the trend is still intact up and looks bullish till f&o expiry.

 

BSE SENSEX(18131): DOWN SIDE SUPPORT AT 18048-17919. AND RESISTANCE TO UP MOVE AT 18238-18380.

 

S & P CNX NIFTY(5449):DOWN SIDE SUPPORT AT 5399-5351 AND RESISTANCE TO UP MOVE AT 5500-5550.

Wish you all a very happy trading day.

 

23rd Jully 2010.

Well first day closing above 18000 bse sensex and nifty above 5400.Watch this for another 2 days before making any big move.

 

BSE SENSEX(18113): DOWN SIDE SUPPORT AT 17956. AND RESISTANCE TO UP MOVE AT 18204.

 

S & P CNX NIFTY(5442):DOWN SIDE SUPPORT AT 5399-5351 AND RESISTANCE TO UP MOVE AT 5454-5500.

 

22nd Jully 2010.

Sensex and nifty facing lots of resistance near 18000 and 5400 resprctively,watch this levels very closely as i said many times.

 

BSE SENSEX(17977): DOWN SIDE SUPPORT AT 17800-17700. AND RESISTANCE TO UP MOVE AT 18048-18182.

 

S & P CNX NIFTY(5399):DOWN SIDE SUPPORT AT 5351-5330-5298 AND RESISTANCE TO UP MOVE AT 5454-5500.

 

21st Jully 2010.

REMEMBER MY WORDS:

 

"SENSEX AND NIFTY IS ABLE TO MAKE THIS YEAR NEW HIGH BUT AS EXPECTED NOT ABLE TO CLOSE ABOVE 18000 BSE AND 5400 NIFTY LEVEL.IF SENSEX AND NIFTY CLOSES ABOVE THIS LEVEL FOR THREE DAYS STRAIGHT THEN ONLY HOPE FOR BIG UP MOVE IN COMINGDAYS. OTHERWISE IF SOME ONE WANTS TO GO SHORT FOR SHORTER TERM HE CAN GO SHORT WITH STRICT STOP LOSS OF SENSEX 18182 AND NIFTY 5450."

AGAIN I SAY ALL TO REMEMBER ABOVE WORDS.

NOW FOR TODAY:

BSE SENSEX(17878): DOWN SIDE SUPPORT AT 17800-17700. AND RESISTANCE TO UP MOVE AT 18048-18182.

S & P CNX NIFTY(5368): DOWN SIDE SUPPORT AT 5351-5330-5298 AND RESISTANCE TO UP MOVE AT 5454-5500.

20th Jully 2010.

BSE SENSEX(17928): DOWN SIDE SUPPORT AT 17800-17700. AND RESISTANCE TO UP MOVE AT 18048-18182.

S & P CNX NIFTY(5386): DOWN SIDE SUPPORT AT 5351-5330-5298 AND RESISTANCE TO UP MOVE AT 5454-5500.

19th Jully 2010.

REMEMBER MY WORDS:

"SENSEX AND NIFTY IS ABLE TO MAKE THIS YEAR NEW HIGH BUT AS EXPECTED NOT ABLE TO CLOSE ABOVE 18000 BSE AND 5400 NIFTY LEVEL.IF SENSEX AND NIFTY CLOSES ABOVE THIS LEVEL FOR THREE DAYS STRAIGHT THEN ONLY HOPE FOR BIG UP MOVE IN COMINGDAYS. OTHERWISE IF SOME ONE WANTS TO GO SHORT FOR SHORTER TERM HE CAN GO SHORT WITH STRICT STOP LOSS OF SENSEX 18182 AND NIFTY 5450."

 

BSE SENSEX(17956):DOWN SIDE SUPPORT AT 17918-17800-17700. AND RESISTANCE TO UP MOVE AT 18048-18182.

S & P CNX NIFTY(5394): DOWN SIDE SUPPORT AT 5351-5330-5298 AND RESISTANCE TO UP MOVE AT 5454-5500.

 

Wish you all a very happy trading day.

 

15th Jully 2010.

SENSEX AND NIFTY IS ABLE TO MAKE THIS YEAR NEW HIGH BUT AS EXPECTED NOT ABLE TO CLOSE ABOVE 18000 BSE AND 5400 NIFTY LEVEL.IF SENSEX AND NIFTY CLOSES ABOVE THIS LEVEL FOR THREE DAYS STRAIGHT THEN ONLY HOPE FOR BIG UP MOVE IN COMINGDAYS. OTHERWISE IF SOME ONE WANTS TO GO SHORT FOR SHORTER TERM HE CAN GO SHORT WITH STRICT STOP LOSS OF SENSEX 18182 AND NIFTY 5450.

 

BSE SENSEX(17938):RESISTANCE TO UP MOVE AT 18048-18182 AND DOWN SIDE SUPPORT AT 17918-17800-17700.

 

S & P CNX NIFTY(5383): RESISTANCE TO UP MOVE AT 5410-5450 AND DOWN SIDE SUPPORT AT 5351-5330-5298 

Wish you all a very happy trading day.

 

 

 

14th Jully 2010.

 

AFTER NEGATIVE OPENING, MARKET RECOVERED BACK AT THE  END. NIFTY & SENSEX CLOSED NEAR THE DAY`S HIGH BUT THERE WAS NO BIG VOLUME AND ENTHUSIASM AT THE NEW HIGHS. NOW FOR TODAY

 

BSE SENSEX(17986): RESISTANCE TO UP MOVE AT 18048-18182 AND DOWN SIDE SUPPORT AT 17918-17800-17700.

 

S & P CNX NIFTY(5400): RESISTANCE TO UP MOVE AT 5410-5450 AND DOWN SIDE SUPPORT AT 5351-5330-5298 

Wish you all a very happy trading day.

  
     
     
 
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