Piplodwala Investment Consultants
 
     
  Daily Analysis   11-March-2010  
     
 

DAILY TECHNICAL ANALYSIS

  
 

Technical review for 11th March 2010.

BSE SENSEX(17098): AS  EXPECTED SENSEX FACING  RESISTANCE  and PROFIT BOOKING NEAR 17126-17200-17362 AND DOWN SIDE SUPPORT AT 16925-16800-16600..

S & P CNX NIFTY(5116): RESISTANCE TO UP MOVE AT 5138-5182 AND DOWN SIDE SUPPORT AT 5084-5050-5022.

Wish you all a very happy trading day!

10th March 2010.

BSE SENSEX(17052): AS  EXPECTED SENSEX FACING  RESISTANCE  and PROFIT BOOKING NEAR 17200-17362 AND DOWN SIDE SUPPORT AT 16925-16800.

S & P CNX NIFTY(5101): RESISTANCE TO UP MOVE AT 5138-5182 AND DOWN SIDE SUPPORT AT 5084-5050-5022.

Wish you all a very happy trading day!

9th March 2010.

BSE SENSEX(17102): AS SENSEX IS REACHING NEAR OUR EXPECTED LEVEL ZONE  VERY SHARPLY SO IT WILL FACE RESISTANCE  and PROFIT BOOKING NEAR 17200-17362 AND DOWN SIDE SUPPORT AT 16925-16800.

S & P CNX NIFTY(5124): RESISTANCE TO UP MOVE AT 5138-5182 AND DOWN SIDE SUPPORT AT 5090-5050-5022.

Wish you all a very happy trading day!

 

8th March 2010.

After the post budget  sharp rally, market may consolidate in the absence of major domestics announcements. And will remain  in the range of  4930-5182 S & P cnx nifty  and  Bse Sensex 16600-17362 in coming week. But all eyes will remain on global economic news and sovereign debt problems in the Euro zone countries, which may spoil the on going party.

Now for today :

BSE SENSEX(16994): AS SENSEX IS REACHING NEAR OUR EXPECTED LEVEL ZONE  VERY SHARPLY SO IT WILL FACE RESISTANCE NEAR 17126-17200-17362 AND DOWN SIDE SUPPORT AT 16925-16800-16600.

S & P CNX NIFTY(5089): RESISTANCE TO UP MOVE AT 5110-5138-5182 AND DOWN SIDE SUPPORT AT 5050-5022-5002-4982.

Wish you all a very happy trading day!

 

5th March 2010.

BSE SENSEX(16972):RESISTANCE TO UP MOVE AT 17126-17186 AND DOWN SIDE SUPPORT AT 16925-16800-16595.

S & P CNX NIFTY(5080): I BELIEVE STILL SOME UP SIDE POSSIBLE UP TO 5110 TO 5138 AND FINALLY 5182 A SOLID RESISTANCE. DOWN SIDE SUPPORT AT 5050-5022-5002.

4th March 2010.

S & P CNX NIFTY(5088): MARKET EXACTLY DANCING ON OUR TECHNICAL LEVELS AND STILL SOME UP SIDE POSSIBLE UP TO 5110 TO 5138 AND FINALLY 5182 A SOLID RESISTANCE. DOWN SIDE SUPPORT AT 5050-5022-5002.

BSE SENSEX(17000): RESISTANCE TO UP MOVE AT 17126-17186 AND DOWN SIDE SUPPORT AT 16925-16800-16595.

3rd March 2010.

BSE SENSEX(16772): MARKET MOVING VERY FAST AND AS SAID ALL LOOKS WELL BUT AVOID HUGE LONG POSITION AT HIGHER LEVELS AND TRY TO BOOK PROFIT AT EVERY RISE AND WAIT FOR RIGHT TIME TO ENTER. NOW FOR TODAY RESISTANCE TO UP MOVE AT 16800-16925 AND DOWN SIDE SUPPORT AT 16578.

S & P CNX NIFTY(5017): RESISTANCE TO UP MOVE AT 5030 AND 5056 AND DOWN SIDE SUPPORT AT 5002-4966.

 

***********WISH YOU ALL VERY HAPPY HOLI & DHULETI !***************************************

Technical review for 2nd March 2010.

A positive and investor friendly Union Budget led the domestic indices to close higher today. The Finance Minister announces to cut the budget deficit over the next three fiscal years and a reduction in surcharge on corporate tax to 7.5% from 10% lifted the market sentiment. The government's plan to introduce direct and indirect tax reforms from April 01, 2011 also cheered the investors. But remember Pranavbabu also proposed to increase MAT and I think in long run some proposal will inflate inflation which is negative for the economy. A lot will also depend on how the global markets pan out. US markets have turned volatile as sentiment took a hit from recent data showing a weaker-than-expected labor market. Meanwhile, global credit agencies have warned of further downgrades to Greece, which is struggling to tackle its debt crisis.

For the next week I believe  that  market will remain highly volatile and Bse Sensex and S&P Cnx Nifty will jolt between 15910 to 16800  and 4766 to 5056 respectively. I also not ruled out some sharp profit booking at every rise in coming weeks.

 

NOW FOR TODAY:

BSE SENSEX(16430): AS ALL BELIEVES THAT THIS BUDGET IS INVESTOR FRIENDLY AND LOOKS ALL IZZ WELL SO I HOPE SOME UP MOVE UP TO 16578-16672-16800 AND DOWN SIDE SUPPORT AT 16350-16118-15910.

S&P CNX NIFTY(4922):  RESISTANCE TO UP MOVE AT 4966-5002-5022-5056.AND DOWN SIDE SUPPORT AT 4882-4850-4800-4766.

Wish you all a very happy trading day!

 

Technical review for 26th February 2010.

NOW TODAY IS UNION BUDGET DAY, FINANCE MINISTER PRANAVBABU WILL PRESENT UNION BUDGET 2010-2011 IN PARLIAMENT. AS EVERY ONE IS CAUTIOUS & NO MAJOR EXPECTATIONS THIS TIME SO SOME FIRE WORKS DURING BUDGET ANNOUNCEMENT IS NOT RULED OUT.BUT ANY UP MOVE IS TO BE USE FOR THE PROFIT BOOKING ONLY.

BSE SENSEX(16254):RESISTANCE TO UP MOVE AT 16358-16474-16590 AND DOWN SIDE SUPPORT AT 16000-15800-15652.

S & P CNX NIFTY(4859): RESISTANCE TO UP MOVE AT 4882- 4930-4966 AND DOWN SIDE SUPPORT AT 4800-4766-4725-4674.

 

25th FEBRUARY 2010.

NOTHING CHANGED NO EXCITMENT ON RAILWAY BUDGET.AND MARKET REMAINED CHOPPY AND CLOSED LITTLE NEGATIVE. NOW TODAY IS F&O EXPIRY DAY AND PRANVBABU WILL PRESENT ECONOMIC SURVEY IN PARLIAMENT AND I BELIEVE THAT MARKE WILL REMAIN LACKLUSTAR AND OUR TECHNICALS WILL REMAIN ALMOST SAME AS YESTERDAY.

BSE SENSEX(16258):RESISTANCE TO UP MOVE AT 16358-16474-16590 AND DOWN SIDE SUPPORT AT 16000-15800-15652.

S & P CNX NIFTY(4858): RESISTANCE TO UP MOVE AT 4882- 4930-4966 AND DOWN SIDE SUPPORT AT 4800-4766-4725-4674.

wish you all a very happy trading day!

24th Februar 2010

BSE SENSEX(16286):RESISTANCE TO UP MOVE AT 16358-16474-16578-16604 AND DOWN SIDE SUPPORT AT 16000-15800-15646.

S & P CNX NIFTY(4870): RESISTANCE TO UP MOVE AT 4882- 4930-4966 AND DOWN SIDE SUPPORT AT 4800-4766-4725-4674.

wish you all a very happy trading day!

23rd February 2010.

BSE SENSEX(16237): RESISTANCE TO UP MOVE AT 16353-16578 AND DOWN SIDE SUPPORT AT 16000-15800.

S & P CNX NIFTY(4856): RESISTANCE TO UP MOVE AT 4882- 4930-4966 AND DOWN SIDE SUPPORT AT 4800-4766.

wish you all a very happy trading day!

22nd February 2010.

The current week is very  crucial and may set the market trend UP/DOWN and this week will remain highly volatile as this is the week of RAILWAY BUDGET, UNION BUDGET(2010-2011) AND FEBRUARY MONTH F&O EXPIRY on Thursday. The highly eventful week begins with the Railway Budget on 24 February 2010. It will be followed by tabling of Economic Survey on 25 February 2010 and the Union Budget on 26 February 2010.

There are many expectations (The Pension Fund Regulatory and Development Authority Bill, Insurance Bill and Banking Regulation (Amendment) Bill.-as left parties are left out this time)   from PRANVABABU  for The Union Budget and also some apprehensions are there due to (1) The  sharp recovery displayed by the Indian economy from the global economic slowdown. (2)The rising GDP growth, (3) Easy liquidity in the banking sector and (4) Strengthening of rupee.

However, the soaring inflation remains a cause of concern and a phased withdrawal of stimulus packages is likely to be announced in the budget by increase in excise duties, Cenvat and service tax rate.  Raising fiscal deficit is another cause of worry. The street will closely watch how Pranavbabu balances the demand for tax cuts and tax waivers, and his announcements on  DTC,GST in this budget next week. The market man believes that government expenditure major thrust will be on Agriculture, power, road, infrastructure projects, health and social sectors.

As every one believes that in coming days RBI will take some Monitory policy tightening steps so at present market sentiment is dull and every one waiting for the budget announcements before taking any one side huge long position in the market. At present up side solid resistance level for Bse Sensex is 16578 and for the S&P Cnx nifty 4966 and down side support at 15800 and 4766 respectively.

Now for today:

Bse sensex(16191): Resistance to up move at 16202-16358-16578 and down side support at 16002-15800.

S & P Cnx nifty(4845): Resistance to up move at 4882-4930-4966 and down side support at 4800-4766.

WISHING U ALL VERY HAPPY TRADING DAY!

19th February 2010.

There is lot off expectation and confusion before budget announcement and so market looks stucked in the narrow range of, bse sensex-15700-16550  and nifty 4766-4950 at present.Becautious at every rise as huge profit booking is not ruled out.

BSE SENSEX(16327): DOWN SDIE SUPPORT AT 16202-16152-15982. AND RESISTANCE TO UP MOVE AT 16568.

S & P CNX NIFTY(4888): DOWN SIDE SUPPORT AT 4850-4800 AND RESISTANCE TO UP MOVE AT 4930-4952-4972.

18th February 2010.

As expected market moved up and looks good till the budget but be careful at every sharp rise.

BSE SENSEX(16428): RESISTANCE TO UP MOVE AT 16556 AND 16678. DOWN SIDE SUPPORT AT 16356-16202.

S & P CNX NIFTY(4914); RESISTANCE TO UP MOVE AT 4930-4952-4982-5002 AND DOWN SIDE SUPPORT AT 4882-4850.

WISHING YOU ALL VERY HAPPY TRADING DAY !

17th FEBRUAY 2010.

LOOK MARKET IS READY FOR TAKE OFF AND WE MAY SEE SOME FIRE WORKS BEFORE BUDGET AS EXPECTED. NOW FOR TODAY...

BSE SENSEX(16227): RESISTANCE TO UP MOVE AT 16356-16496-16554-16672.DOWN SIDE SUPPORT AT 16152-16002.

S & P CNX NIFTY(4856):RESISTANCE TO UP MOVE AT 4882-4930-4952-4978-5002.DOWN SIDE SUPPORT AT 4850-4800.

WISH YOU ALL A VERY HAPPY TRADING DAY !

 

11th February 2010.

REMEMBER MARKET WILL REMAIN VOLATILE, VERY VOLATILE NOW SO ONLY LION HEART TRADERS CAN PLAY THE TRADE.

BSE SENSEX(15922): FOR THE TIME BEING MARKET IS IN THE RANGE OF 200-300 POINTS UP AND DOWN SWING AND WE HOPE IT WILL REMAIN LIKE THAT AND TECHNICAL LEVELS ALMOST REMAIN SAME AS YESTERDAY. DOWN SIDE SUPPORT AT 15800 AND RESISTANCE TO UP MOVE AT 16210-16356.

S & P CNX NIFTY(4757): DOWN SIDE SUPPORT AT 4740 AND RESISTANCE TO UP MOVE AT 4800-4850-4882.

10th February 2010.

AS EXPECTED MARKET JUMPED UP BUT NOT CONVINCING MOVE IT WILL GIVE MORE CONFIDENCE IF OPEN WITH GAP AND MAINTAIN THAT LEVEL AND CLOSE ABOVE OPENING LEVELS FOR TWO,THREE DAYS..Now for today,

BSE SENSEX(16042):RESISTANCE TO UP MOVE AT 16210-16358 AND DOWN SIDE SUPPORT AT 15924-15800.

S & P CNX NIFTY(4793): RESISTANCE TO UP MOVE AT 4850-4882-4930 AND DOWN SIDE SUPPORT AT 4766-4740.

 

9th February 2010.

As i have said all looks not well but as market is over sold some sharp up move is on the card with huge volatality any time now....now for today..

BSE SENSEX(15936): RESISTANCE TO UP MOVE AT 16210-16358 AND DOWN SIDE SUPPORT AT 15800-15590.

S & P CNX NIFTY(4760):RESISTANCE TO UP MOVE AT 4800-4850-4882 AND DOWN SIDE SUPPORT AT 4680-4642.

 

8th February 2010.

As global market sentiment and market mood is highly bearish at present but i believe that market looks oversold and some recovery will be seen before budget session and February F&O expiry. Now for today:

BSE SENSEX(15915): RESISTANCE TO UP MOVE AT 16002-16356 AND DOWN SIDE SUPPORT AT 15800-15725.

S & P CNX NIFTY(4757): RESISTANCE TO UP MOVE AT 4800-4850-4882 AND DOWN SIDE SUPPORT AT 4692-4642.

5th February 2010.

BSE SENSEX(16224): AS EXPECTED MARKET IS LOSSING MOMENTUM DAY BY DAY AND LOOKS SIMPLY DOWN AND DOWN NOW. FOR TODAY DOWN SIDE SUPPORT AT 15982 AND 15800, RESISTANCE TO UP MOVE AT 16358.

S & P CNX NIFTY(4845): DOWN SIDE SUPPORT AT 4800-4766-4711 AND RESISTANCE TO UP MOVE AT 4850-4882.

WISH YOU ALL A VERY HAPPY TRADING DAY !

 4th February 2010.

AS I SAID, MARKET EXACTLY MOVED IN UP DIRECTION AS SHORT COVERING IS ON NOW AND WE MAY SEE SOME MORE UP SIDE WITH HUGE VOLATALITY.

BSE SENSEX(16496): NOW FOR TODAY DOWN SIDE SUPPORT AT 16434-16358-16129 AND RESISTANCE TO UP MOVE AT 16578-16670.

S & P CNX NIFTY(4932): DOWN SIDE SUPPORT AT 4900-4882-4850 AND RESISTANCE TO UP MPOVE AT 4956-4972-5002.

 

3rd February 2010.

At present every thing looks weak and down only but i expect some sharp short covering any time now and remember February is budget announcement month so we will see some news on economical front every day which will rule the market with huge volatality.

BSE SENSEX(16160): DOWN SIDE SUPPORT AT 16129-15982 AND RESISTANCE TO UP MOVE AT 16356-16434-16578.

S & P CNX NIFTY(4830): DOWN SIDE SUPPORT AT 4800-4766 AND RESISTANCE TO UP MOVE AT 4850-4882-4956-5002.

2nd february 2010.

BSE SENSEX(16358): SOME EXCITING NEWS ON ECONOMIC FRONT NOW SUPPORTING THE MARKET AND AS WE KNOW THIS IS THE MONTH OF ANNOUNCEMENTS ON ECONOMIC FRONT AS BUDGET TO BE TABLED IN THE PARLIAMENT SO WE MAY SEE SHARP SWING BOTH SIDE IN THE STOCK MARKET. NOW FOR TODAY WE MAY SEE SENSEX CROSSING 16434 AND 16578 AND ABOVE THIS IT WILL TRY TI KISS 16800. DOWN SIDE SUPPORT AT 16358-16160.

S & P CNX NIFTY(4900): RESISITANCE TO UP MOVE AT 4950-4984-5002. DOWN SIDE SUPPORT AT 4880-4850.

1st February 2010.

Now january F&O expired,q3 result season is over, RBI policy declared and almost all negative news from every where are out and market plunged so sharply so we may expect some short covering and market will remain volatile for the coming week AS BUDGET RELATED ANNOUNCEMENTS WILL STARTS...

BSE SENSEX(16357): DOWN SIDE SUPPORT AT 16200-16002-15924 AND RESISTANCE TO UP MOVE AT 16434-16578-16800.

S & P CNX NIFTY(4882):DOWN SIDE SUPPORT AT 4850-4800-4766 AND RESISTANCE TO UP MOVE AT 4900-4944-4984-5002.

 

29th January 2010.

As expected market moved up and remained highly volatile but closed almost flat.Market was not able to sustain at higher levels so i think market will see some more slide in coming days.

BSE SENSEX(16307): DOWN SIDE SUPPORT AT 16002 AND RESISTANCE TO UP MOVE AT 16434-16578.

S & P CNX NIFTY(4867): DOWN SIDE SUPPORT AT 4800-4782 AND RESISTANCE TO UP MOVE AT4900- 4944.

 

28th January 2010.

Instead of any short covering market witnessed sharp sell off across the sector.And blood bath continues for the sixth day in a row.Now today is f&o expiry day and i think huge volatality will continue and some sharp pull back is not ruled out.

Bse sensex(16290): Down side support at 16210-16002 and resistance to up move at 16434-16578-16718.

S & P cnx nifty(4853):Down side support at 4850-4800 and resistance to up move at 4900-4950-5002.

27th JANUARY 2010.

BSE SENSEX(16780): AS F&O EXPIRY ON THURSADY WE MAY SEE SOME BOUNCE BACK AND SENSEX WILL SURELY FIND SUPPORT NEAR 16714-16578 AND RESISTANCE TO UP MOVE AT 16926-17144.

S & P CNX NIFTY(5008): DOWN SIDE SUPPORT AT 4978-4944 AND RESISTANCE TO UP MOVE AT 5056-5084-5110.

 

 

25th January 2010.

LOOK WHAT WE ARE SHOUTING SINCE LAST 15 DAYS THAT ALL IS  NOT WELL, AND BECAUTIOUS AND WATCH BSE SENSEX 17736 AND NSE NIFTY 5298 VERY VERY CLOSELY.AND LOOK WHERE THE SENSEX AND NIFTY IS NOW. IT IS  NOT ABLE TO CLOSE FOR A SINGLE  DAY ABOVE MY CRUCIAL RESISTANCE LEVEL, AND MARKET IS WITNESSING SHARP SELL OFF FROM 17790 AND 5311 LEVELS AND WE MAY SEE SOME MORE DOWN SIDE IN COMING DAYS.ANY UNEXPECTED BOUNCE BACK CAN BE USED FOR PROFIT BOOKING ONLY.

BSE SENSEX(16860): DOWN SIDE SUPPORT AT 16577-16434 AND RESISTANCE TO UP MOVE AT 16926-17126.

 

S & P CNX NIFTY(5037): DOWN SIDE SUPPORT AT 5002-4944-4900 AND RESISTANCE TO UP MOVE 5056-5082-5110.

22nd January 2010.

SENSEX AND NIFTY WILL FIND SOME SUPPORT NEAR 16714 AND 5002.

As expected market exactly moved sharply down. Some frontline companies Q3 december 2010 results fueled the down slide today.

Bse sensex(17051): down side support at 17000-16926-16714 and resistance to up move at 17127-17362.

S & P Cnx Nifty(5094): DOWN SIDE SUPPORT AT 5084-5056 -5021-5002 AND RESISTANCE TO UP MOVE AT 5110-5167-5182.

21st January 2010.

SINCE LAST TWO WEEKS I AM CONSTANTLY ADVISING ALL THAT,

REMEMBER MY WORDS: "If  Bse Sensex  closes above 17736 and S & P cnx nifty above 5298 for atleast three days in a row then only believe that ...   ALL IS WELL !"

AND LOOK WHERE THE SENSEX AND NIFTY IS NOW, NOT ABLE TO CLOSE FOR A SINGLE  DAY ABOVE MY CRUCIAL RESISTANCE LEVEL SO I STRONGLY BELIEVE THAT ALL IS NOT WELL..AND WE MAY SEE SOME SHARP DOWN SIDE CORRECTION ANY TIME NOW..BUT WATCH NEAR TERM SUPPORT OF 17126 BSE AND 5110 NIFTY CLOSELY.

NOW FOR TODAY,

BSE SENSEX(17475): DOWN SIDE SUPPORT AT 17362-17126 AND RESISTANCE TO UP MOVE AT 17530-17736.

S & P CNX NIFTY(5222): DOWN SIDE SUPPORT AT 5201-5182-5167 AND 5110. AND RESISTANCE TO UP MOVE AT 5250-5298.

20th JANUARY 2010.

THERE ARE SOMANY NEGATIVE NEWS IN THE MARKET AT PRESENT  LIKE MONETARY POLICY TIGHTENING - CRR HIKE, INTEREST RATE HIKE, HIGH INFLATION, ROLL BACK OF TAX BENEFIT etc ARE  SPOILING THE PARTY AND AS EXPECTED TILL NOW SENSEX AND NIFTY DID NOT ABLE TO CLOSE ABOVE 17736 AND 5298 RESPECTIVELY. MARKET IS HIGHLY VOLATILE AND FACING STRONG RESISTANCE AT HIGHER LEVES. Now for today

BSE SENSEX(17486): NOW DOWN SIDE SUPPORT AT 17362-17276-17126 AND RESISTANCE TO UP MOVE AT 17530-17736-17800.

S & P CNX NIFTY(5225): DOWN SIDE SUPPORT AT 5201-5182-5167 AND RESISTANCE TO UP MOVE AT 5250-5298-5311.           

19th January 2010.

Bse sensex(17641): As expected market was volatile but within the narrow range. Now for today downside support at 17500-17464-17362 and resistance to up move at 17736-17790.

S & P Cnx Nifty(5275): Down side support at 5250-5222-5200 and resistance to up move at 5311-5398.

18th JANUARY 2009.

All though all are bullish for the Indian Economy and Indian Stock Markets as all data are indicating towards sharp recovery and ample global liquidity may keep Indian stocks firm in the near term and also bullish statement from our economist, reformist, visionary Prime minister Dr Manmohan singh. But I still like to watch sensex crosses and closes above 17736 and s & p nifty above 5298 for three days in a row, for further sustainable up move.

At present S & P cnx  nifty is in the narrow band of  5100-5300. And sensex 17128 to 17800.More, the rocking start to the earnings season on the back of encouraging numbers from INFOSYS & TCS. The IT giants reported better-than-expected Q3 results and Infosys also revised upwards its earnings and revenue guidance for the year ending March 2010 on improving trend for outsourcing orders. Despite this the S&P CNX Nifty remained absolutely flat rising by just 7.45 points to close at 5252.40. The nifty futures continued to remain at a premium but one can say market remained directionless at present and in the narrow range. The average volume in the futures and options (F&O) segment during the week under review was the same level compared to the previous week.The most of call and puts activities seen in the strike range of 5100 to 5400 during the week. Now for today:

BSE SENSEX( 17554):THE MARKET IS IN UP MODE BUT ON RISING MARKET WE MAY SEE SOME SHARP PROFIT BOOKING AND WE MAY SEE SHARP VOLATELITY AS WE APPROACH TO F & O EXPIRY AND Q3 DECEMBER `09 RESULT SEASON. NOW FOR TODAY RESISTANCE TO UP MOVE AT 17736-17800. AND DOWN SIDE SUPPORT AT 17530-17464-17362-17276.

S & P CNX NIFTY(5252): RESISTANCE TO UP MOVE AT 5298-5311-5398. AND DOWN SIDE SUPPORT AT 5222-5201-5182-5167.

14th january 2010.

Believe me all is not well untill and unless sensex crosses and closes above 17736 and s & p nifty above 5298 for three days in a row.We are again in a shortcovering mode and excellent results of INFY has given boost to the market now.

NOW FOR TODAY DOWN SIDE SUPPORT AT 17464-17362-17276-17126 AND RESISTANCE TO UP MOVE AT 17530- 17736-17800.

S & P CNX NIFTY(5234): DOWN SIDE SUPPORT AT 5221-5201-5182-5167 AND RESISTANCE TO UP MOVE AT 5250-5298-5311.

 

13th January 2010.

Bse sensex(17422):THE MARKET DECLINED AS EXPECTED DESPITE OFF BETTER THAN EXPECTED INDUSTRIAL PRODUCTION DATA FOR NOV;`09.MARKET MEN FEARS THAT IN COMING DAYS RBI WILL TIGHTEN MONETARY POLICY AND SO PROFIT BOOKING WILL TAKE SENSEK DOWN AND DOWN.NOW FOR TODAY DOWN SIDE SUPPORT AT 17362-17213-17126 AND RESISTANCE TO UP MOVE AT 17530-17736.

LOOK HOW PERFECTLY BSE SENSEX 17736 AND S&P CNX NIFTY 5298 LEVEL SHOWING IT`S RESISTANCE POWER.

REMEMBER MY WORDS: "If  Bse Sensex  closes above 17736 and S & P cnx nifty above 5298 for atleast three days in a row then only believe that ...   ALL IS WELL !"

 

S & P CNX NIFTY(5210): DOWN SIDE SUPPORT AT 5201-5182-5167-5134 AND RESISTANCE TO UP MOVE AT 5250-5298-5311.

WISHING U ALL VERY HAPPY TRADING DAY!

Technical review for 12th January 2010.

LOOK HOW PERFECTLY BSE SENSEX 17736 AND S&P CNX NIFTY 5298 LEVEL SHOWING IT`S RESISTANCE POWER?

REMEMBER MY WORDS: "If  Bse Sensex  closes above 17736 and S & P cnx nifty above 5298 for atleast three days in a row then only believe that ...   ALL IS WELL !"

Bse sensex(17527):NOW FOR TODAY DOWN SIDE SUPPORT AT 17464-17362-17126 AND RESISTANCE TO UP MOVE AT 17736-17800.

 

S & P CNX NIFTY(5249): DOWN SIDE SUPPORT AT 5221-5201-5182 AND RESISTANCE TO UP MOVE AT 5298-5311.

WISHING U ALL VERY HAPPY TRADING DAY!

11th January 2010.

INDIAN STOCK MARKET LOOKS LITTLE TIRED AT HIGHER LEVELS DESPITE BULLISH TREND OF GLOBAL MARKETS, BECAUSE OF SOME CONCER OVER APPRECIATING RUPPEE, WHICH WILL DIRECTLY DRASTICALY IMPACT IT SECTOR & EXPORT ORIENTED INDUSTRIES.IN THE DERIVATIVE SEGAMENT NIFTY WITNESS SOME SHARP PROFIT BOOKING AND SHED SOME LONG OPEN INTEREST AND BESIDES ALL THERE WERE SOME NEGATIVE INDICATORS IN THE NIFTY OPTION FRONT AS THERE WAS AGGRESSIVE CALL WRITING AT THE 5200 AND THE 5300 STRIKES AND ALSO OPEN INTEREST BUILT UP IN PUTS ON SAME STRIKES.IN COMING WEEK Q3-DECEMBER RESULTS OF SOME OF THE MAJOR MARKET PLAYERS THAT COULD DECTECT THE MARKET TREND EITHER WAYS AND WE MAY SEE SHARP VOLATALITY.

BSE SENSEX(17540): NOW FOR TODAY DOWN SIDE SUPPORT AT 17530-17464-17362-17126 AND RESISTANCE TO UP MOVE AT 17736-17800.

 

S & P CNX NIFTY(5245): DOWN SIDE SUPPORT AT 5221-5201-5182 AND RESISTANCE TO UP MOVE AT 5298-5311.

WISHING U ALL VERY HAPPY TRADING DAY!

 

8th January 2010.

If  Bse Sensex  closes above 17736 and S & P cnx nifty above 5298 for atleast three days in a row then only believe that ...   ALL IS WELL !

Bse Sensex(17616): Now for today down side support at 17530-17464-17362  and resistance to up move at 17736- 17790.

S & P Cnx Nifty(5263): Down side support at 5250-5221-5201 and Resistance to up move at 5311-5362.

7th January 2010.

As market expecting strong Q3 December 2009 results, Bse sensex and S & P Cnx nifty moving up and up but I believe that one must be cautious now and avoid huge long position in F & O.For big Up move from here, I  will still watch Bse Sensex to close above 17736 and S & P cnx nifty above 5298 for atleast three days in a row.

Bse Sensex(17701): Now for today resistance to up move at 17790 and 17978 and down side support at 17530-17464-17362.

S & P Cnx Nifty(5282): Resistance to up move at 5311-5362 and down side support at 5250-5221-5201.

6th January 2010.

AS SENSEX JUMPED UP TO 17729 FROM IT`S 2009 YEAR LOW OF 8047 AND NIFTY 5288 FROM IT`S LOW OF 2540. We surely like to advise some caution and profit booking at every rise. Sensesx and nifty may still move up from here but we will like to watch bse sensex 17736 and s&p cnx nifty 5298 very very closely.

BSE SENSEX(17686): RESISTANCE TO UP MOVE AT 17736-17868 AND DOWN SIDE SUPPORT AT 17530-17464-17362.

S & P CNX NIFTY(5278): RESISTANCE TO UP MOVE AT 5298-5326 AND DOWN SIDE SUPPORT AT 5250-5221-5201.

05/01/2010.

AS SENSEX JUMPED UP TO 17582 FROM IT`S 2009 YEAR LOW OF 8047 AND NIFTY 5236 FROM IT`S LOW OF 2540. We surely like to advise some caution and profit booking at every rise. Sensesx and nifty may still move up frome here but i will like to watch bse sensex 17736 and s&p cnx nifty 5290 very very closely.

Now for today for bse sensex resistance to up move at 17736 and down side support at 17362-17126.

S & P Cnx nifty(5232): Resistance to up move at 5250-5290 and down side support at 5182-5150-5100.

04/01/2010.

Wish you all a very happy new year !

AS SENSEX JUMPED UP TO 17465 FROM IT`S 2009 YEAR LOW OF 8047 AND NIFTY 5169 FROM IT`S LOW OF 2540. We surely like to advise some caution and profit booking at every rise. Sensesx and nifty may still move up frome here but i will like to watch bse sensex 17736 and s&p cnx nifty 5290 very very closely.

Now for today for bse sensex resistance to up move at 17500-17736 and down side support at 17362-17126.

S & P Cnx nifty(5201): Resistance to up move at 5250-5290 and down side support at 5182-5150-5100.

 

31/12/2009.

BYE BYE 2009, WHICH WAS AMAZING BULLISH YEAR, AS SENSEX JUMPED UP TO 17343 FROM IT`S CURRENT YEAR LOW OF 8047 AND NIFTY 5169 FROM IT`S LOW OF 2540.

We are almost at the end of 2009 year on happy notes as sensex and nifty are very close to yera high. Watch bse sensex 17736 and S & P cnx nifty 5290 very closely.

BSE SENSEX(17343): RESISTANCE TO UP MOVE AT 17494 -17736 AND DOWN SIDE SUPPORT AT 17290-17126.

S & P CNX NIFTY(5169): RESISTANCE TO UP MOVE AT 5182-5215-5250-5290. AND DOWN SIDE SUPPORT AT 5138-5110-5082.

WISHING U ALL VERY HAPPY TRADING DAY!30/12/2009.

We are almost at the end of 2009 year with happy notes as sensex and nifty are very close to yera high. Wtach bse sensex 17736 and S & P cnx nifty 5290 very closely.

BSE SENSEX(17402): CRUCIAL DOWN SIDE SUPPORT AT 17000 AND RESISTANCE TO UP MOVE AT 17494-17736.

S & P CNX NIFTY(5188): DOWN SIDE SUPPORT AT 5100 AND RESISTANCE TO UP MOVE AT 5250-5290.

 

29/12/2009.

We are almost at the end of 2009 year with happy notes as sensex and nifty are very close to yera high. Wtach bse sensex 17736 and S & P cnx nifty 5290 very closely.

Bse Sensex(17361): Resistance to up move at 17494-17736 and down side support at 17126-16928.

S & P cnx nifty(5178) Resistance to up move at 5250-5290 and down side support at 5110.

22/12/2009.

Bse Sensex(16601): Although market has broken all the supports and closed below that levels we expect some bounce back as market looks oversold in shorterm.Now for today down side support at 16434 and resistance to up move at 16802.

S & P Cnx Nifty(4953):DOWN SIDE SUPPORT AT 4930-4880-4850. AND RESISTANCE TO UP MOVE AT 4989-5002.

21/12/2009.

READ WHAT WE WROTE ON FRIDAY,

"Since last  few days we are warning all not to create any fresh long position and constantly advising all to book profit and stay away from the market as sensex and nifty are moving in narrow range and no clear trend, but i think that market is ready for some big move towards down side below 16766  and nifty 4980 now."

AND BOTH LEVELS ACHIVED AND SENSEX AND NIFTY CLOSED BELOW 17K AND 5K RESPECTIVELY.

BSE SENSEX(16720): NOW FOR TODAY DOWN SIDE NEAREST SUPPORT AT 16628 AND BELOW THIS WE MAY SEE SENSEX SLIDING DOWN TO 16434. RESISTANCE TO UP MOVE AT 16802-16928.

S & P CNX NIFTY(4988): DOWN SIDE SUPPORT AT 4980-4950-4930-4880. AND RESISTANCE TO UP MOVE AT 5002-5022-5056.

 

18th December 2009.

BSE SENSEX(16894):Since last  few days we are warning all not to create any fresh long position and constantly advising all to book profit and stay away from the market as sensex and nifty are moving in narrow range and no clear trend, but i think that market is ready for some big move towards down side below 16766  and nifty 4980 now.

For today sensex will find some support near 16766-16628. And resistance to up move at 16998-17126.

S & P Cnx nifty(5032): Down side support at 5002-4982-4950 and resistance to up move at 5068-5089-5110.

17th December 2009.

Bse sensex(16913):Our analysis for today remains same as 16th December 2009. Down side support at 16778 and below this we may see sensex tumbling down to 16628. Resistance to up move at 16998-17126.

S & P cnx nifty(5033): Down side support at 5002-4982-4950 and resistance to up move at 5056-5089-5110.

16th December 2009.

Bse sensex(16877):Look at the chart and refresh your memories and remember since 4th September 2009 I am categorically saying that watch first 5182 for s&p cnx nifty and 17362 for Bse sensex and finally 5290 & 17736 for Nifty and Bse sensex respectively. Nifty and sensex are exactly facing big resistance near this levels and falling.

Now for today down side support at 16800 and below this we may see sensex tumbling down to 16628.Resistance to up move at 16986-17126.

S & P cnx nifty(5033): Down side support at 5002-4982-4950 and resistance to up move at 5056-5089-5110.

15th December 2009.

Once again sensex and nifty moved in tight range and closed flat to negative. As i said still bse sensex and nifty are stuck in narrow range and I would like to see  it  crossing and sustaining decisively  well above 17362 and 5182 for further sharp up move.

11th December 2009.

Once again sensex and nifty moved in tight range and closed posetive.AS i said still bse sensex and nifty are stuck in narrow range and I would like to see  it  crossing and sustaining decisively  well above 17362 and 5182 for further sharp up move.

 

HAVE A CLOSE EYE ON TODAY`S IIP DATA.

 

Bse sensex(17189): RESISTANCE TO UP MOVE AT 17362-17494 AND FINALLY 17736 A MAJOR HURDLE.DOWN SIDE SUPPORT AT 16926.

 

S & P CNX NIFTY(5135): RESISTANCE TO UP MOVE AT 5182-5200-5250. AND DOWN SIDE SUPPORT AT 5082-5050.

10th December 2009.

The bse sensex and nifty are stuck in narrow range and I would like to see  it  crossing and sustaining decisively  well above 17362 and 5182 for further sharp up move.

Bse sensex(17125):Down side support at 16926-16800 and resistance to up move 17362-17494.

S & P Cnx nifty(5112):Down side support at 5082-5050 and resistance 5152-5182-5200.

9th December 2009.

The Sensex jumped well above the psychological 17,000 mark after the government today, 8 December 2009, said it will seek parliamentary approval to spend an extra Rs 25725 crore for the fiscal year to end-March 2010.But will this news alone can take sensex beyond 17494-17736 is big ?????????????

Bse sensex(17228):As sensex again moving in solid resistance zone of 17362-17494  some sharp volatility and profit booking will not ruled out. Down side support at 17101-16926.

S & P Cnx Nifty(5148): Resistance to up move at 5182-5200 and down side support at 5138-5110-5084 and 5050.

8th December 2009.

Bse sensex(16983):Look what we are saying since last few days that market looks tired at higher levels and is losing momentum and facing lots of resistance near 17362-17494 and finally market tanked today and closed below 17000 mark.

Now for today down side support at 16926-16800 and Resistance to up move at 17032-17142.

S & P Cnx nifty(5067):Check nifty actual performance and our yesterday`s  prediction you should be amazed to see that it is dancing on our technical levels.Now for today nifty will find resistance near 5089-5110 and down side support at 5050-5020-5002. 

7th December 2009.

Bse sensex(17102):Market unfolded as expected and our technical levels are remain as same of 4th December 2009.So Resistance to up move at 17362-17494 and finally resistance to up move at 17736.And down side support at 16926-16800. 

S & P Cnx nifty(5109):Resistance to up move at 5138-5166-5182 and above this 5250. Down side support at 5083-5050-5032-5002.

4th December 2009.

Bse sensex(17186):Read every single word and remember and watch it closely and compare with actual market performance you will be amazed to see that market is moving exactly on our technical levels.

Sensex looks tired and is  witnessing profit booking at every rise so i would watch again today 17362-17494 range very very closely and final solid resistance level 17736.Down side support at 16926-16800.

S & P cnx nifty(5132):Resistance to up move at 5182-5200 and down side support at 5100-5072-5050-5030-5002.

 

 

3rd November 2009.

Bse sensex(17170):Technically market is in up move but as we are in stiff resistance zone of 17362-17494 and strong resistance at 17736 i would like to be cautious at this juncture and avoid any fresh long position at this levels. Down side support at 17126-16926.

S & P Cnx nifty(5123): Down side support at 5110-5082 below this we may see some shrp slide down to 5056-5030-5002. And resistance to up move at 5166-5182-5200.

 

2nd December 2009.

Bse sensex(17198):Since last few weeks sensex facing stiff resistance near 17362-17494 range and witnessing sharp profit booking near this range so i would like to watche this both levels and finally 17736, a strong resistance to up move.Down side support at 17098-16926.

S & P Cnx nifty(5122): Resistance  to up move near 5138-5166-5182 and downside support at 5110-5088-5050-5032.

1st December 2009.

Bse sensex(16926): Sensex will face stiff resistance near 17098-17206 range and down side support at 16800-16628.

S & P Cnx nifty(5033):The crucial support for the nifty is near 4982-4942 range and resistance to up move at 5088-5138.

30th November 2009.

AS EXPECTED MARKET WAS VERY MUCH OVER DUE FOR SOME CORRECTION AND DUBAI DEBT CRISIS HAS PROVIDED EXCELLENT REASON FOR FREE FALL.BUT WILL DUBAI CRISIS BE THE BEGINNING OF ROUND 2 WORLD FINANCIAL  CRISIS IS A BIG ? NOW. IF  IT IS SO THEN NOW NO ONE CAN SAVE FALLING MARKET THIS TIME.LET US HOPE THIS WILL REMAIN AN ISOLATED CASE OF DUBAI ONLY?

NOW FOR TODAY IT  IS MONTH END CLOSING DAY AND INDIAN GDP DATA DAY AND WE HOPE FOR SOME RECOVERY TODAY.

BSE SENSEX(16632): NOW FOR TODAY RESISTANCE TO UP MOVE AT 16808-17000 AND DOWN SIDE SUPPORT AT 16592-16434.

S & P CNX NIFTY(4942): RESISTANCE TO UP MOVE AT 5002-5022-5050 AND DOWN SIDE SUPPORT AT 4930-4900.

27th november 2009.

As we warned all that some bad news on the card and we may see some sharp down turn from this level and market exactly plunged from 17200 level and we think blood bath will continue as some more bad news from Dubai world company on their weakening financial health in coming days...

And also read this what we have wrote on 16th November 2009.

``AS EXPECTED AND STATED INDIAN STOCK MARKETS BOUNCED BACK FROM IT`S 3rd November 2009 LOW.  EVERY THING LOOKS IN PLACE AND MUCH MORE STRONG AT GLANCE NOW. AND EVERYONE IS BULLISH NOW AND BELIEVES THAT SENSEX AND NIFTY IS READY TO CREAT NEW HISTORIC HIGHS IN COMING MONTHS. THIS WILL HAPPEN BUT,

WILL IT MOVE THAT MUCH FASTER AND STRAIGHT UP FROM HERE?

I HAVE SOME DOUBTS AND LIKE TO WATCH VERY CLOSELY BSE SENSEX 17736 AND S&P CNX NIFTY 5298 VERY CLOSELY, AS THESE BOTH LEVELS ARE VERY STRONG RESISTANCE TO UP MOVE.

AT PRESENT ALL NEWS LOOKS VERY EXCITING LIKE, Q2 RESULTS, INDUSTRIAL OUTPUT DATA AND ABOVE ALL WORLD ECONOMY RECOVERY DATA AND BUSINESS IMPROVEMENT NEWS.

BUT ARE WORLD ECONOMY IS REALLY OUT OF RECESSION (ICU) NOW?????? ONE MUST THINK TWICE BEFORE TAKING ANY BIG STOCK MARKET,GOLD,SILVER AND CRUDE OIL INVESTMENT DECISIONS ON THEIR OWN.``

BSE SENSEX(16854):BLOOD BATH ON DALAL STREET WILL CONTINUE AND WE WILL SEE SENSEX TUMBLING DOWN TO 16628-16434. AND RESISTANCE TO UP MOVE AT 16944.

S & P CNX NIFTY(5005): DOWN SIDE SUPPORT AT 4950-4930-4900-4850 AND RESISTANCE TO UP MOVE AT 5022-5050.

26th November 2009.

Bse sensex(17199): Today is F&o expiry day and any cross over above 17362 will take sensex upto 17498 and down side support at 17126-17036.

S&p Cnx nifty(5108): resistance to up move at 5156-5182 and down side support at 5079-5050.

25th November 2009.

Bse sensex(17131):Sensex again very near crucial resistance levels of 17262-17362-17494 and finally 17736 and down side support at 17028-16970-16800.

S & P Cnx nifty(5090): Resistance to up move at 5114-5156-5182. And down side support at 5040-5002-4950-4930.

 

24th November 2009.

BSE SENSEX(17180): MARKET UNFOLDED AS EXPECTED AND WE ARE AGAIN VERY CLOSE TO OUR UPSIDE TECHNICAL LEVELS AND VERY CLOSE TO NOVEMBER F&O EXPIRY. NOW RESISTANCE TO UP MOVE AT 17374-17494 AND FINALLY 17736. DOWN SIDE SUPPORT AT 17008-16800.

S & P CNX NIFTY(5104): RESISTANCE TO UP MOVE AT 5162-5182-5208 AND FINALLY AT 5250-5298. DOWN SIDE SUPPORT 5050-5002.

23rd November 2009.

BSE SENSEX(17021): NOW THIS IS F&O EXPIRY WEEK  AND SO WE MAY SEE SOME SHARP VOLATILITY AND SENSEX WILL FACE UP SIDE RESISTANCE  AT 17186-17356-17494. DOWN SIDE SUPPORT AT 16978 AND 16800.

S & P CNX NIFTY(5052): RESISTANCE TO UP MOVE AT 5089-5156-5182 AND DOWN SIDE SUPPORT AT 5022-4990.

20th November 2009.

REFRESH YOUR MEMORY AND JUST READ AGAIN 16TH NOVEMBER`S TECHNICAL  AND SEE WHAT  EXACTLY IS HAPPENING NOW.......

BSE SENSEX(16786): Now for today sensex will face some resistance near 16944-17000 and down side support at 16628

S & P Cnx Nifty(4989): Resistance to up move at 5002-5056 and down side support at 4950-4930-4900.

18th November 2009.

BSE SENSEX(17051): Now for today sensex will face some resistance near 17200-17408 and down side support at 16944-16800-16628.

S & P Cnx Nifty(5054): Resistance to up move at 5088-5128-5162 and down side support at 5000-4966.

16th November 2009.

AS EXPECTED AND STATED INDIAN STOCK MARKETS BOUNCED BACK FROM IT`S 3rd November 2009 LOW.  EVERY THING LOOKS IN PLACE AND MUCH MORE STRONG AT GLANCE NOW. AND EVERYONE IS BULLISH NOW AND BELIEVES THAT SENSEX AND NIFTY IS READY TO CREAT NEW HISTORIC HIGHS IN COMING MONTHS. THIS WILL HAPPEN BUT,

WILL IT MOVE THAT MUCH FASTER AND STRAIGHT UP FROM HERE?

I HAVE SOME DOUBTS AND LIKE TO WATCH VERY CLOSELY BSE SENSEX 17736 AND S&P CNX NIFTY 5298 VERY CLOSELY, AS THESE BOTH LEVELS ARE VERY STRONG RESISTANCE TO UP MOVE.

AT PRESENT ALL NEWS LOOKS VERY EXCITING LIKE, Q2 RESULTS, INDUSTRIAL OUTPUT DATA AND ABOVE ALL WORLD ECONOMY RECOVERY DATA AND BUSINESS IMPROVEMENT NEWS.

BUT ARE WORLD ECONOMY IS REALLY OUT OF RECESSION (ICU) NOW?????? ONE MUST THINK TWICE BEFORE TAKING ANY BIG STOCK MARKET,GOLD,SILVER AND CRUDE OIL INVESTMENT DECISIONS ON THEIR OWN.

Bse sensex(16849): Now for today sensex will face some resistance near 16944-17200 and down side support at 16800-16628.

S & P Cnx Nifty(4999): Resistance to up move at 5056-5088-5128 and down side support at 4966-4930-4900.

 

14th November 2009.

Bse sensex(16696): As we said technically  market looks still up but we may see some profit booking near 16800-16968-17126 and down side support at 16628-16434.

S & p cnx nifty(4953):Resistance to up move near 5002-5055 mark and support near 4900 level.

12th November 2009.

BSE SENSEX(16850):AFTER SHARP CUT IN THE LAST WEEK OF OCTOBER INDIAN STOCK MARKET RCOVERED MORE THEN 50% OF IT`S LOSSES BACK BUT WE THINK SOME PROFIT BOOKING WILL COME EXACTLY IN THIS WAY AND VOLATILITY WILL RULE THE MARKET. NOW FOR TODAY DOWN SIDE SUPPORT AT 16800-16628 AND RESISTANCE TO UP MOVE AT 16944-17126.

S & P CNX NIFTY(5004): RESISTANCE TO UP MOVE AT 5055 AND DOWN SIDE SUPPORT AT 4966-4930-4900.

 

11th November 2009.

BSE SENSEX(16441): SENSEX OPENED UP AND PROFIT BOOKING CAME AS EXPECTED AND SENSEX SETTLED NEGATIVE.NOW FOR TODAY SENSEX WILL FIND SUPPORT NEAR 16400-16280-16156 AND RESISTANCE TO UP MOVE AT 16678-16808.

S & P CNX NIFTY(4882):THE NEARES SUPPORT RANGE FOR NIFTY IS AT 4850-4828-4800 AND RESISTANCE TO UP MOVE AT 4900-4930-4982.

10th November 2009.

BSE SENSEX(16498): RESISTANCE TO UP MOVE AT 16628-16808-16940 AND DOWN SIDE SUPPORT AT 16434-16280.

S & P CNX NIFTY(4898): RESISTANCE TO UP MOVE AT 4930-4966-5002 AND DOWN SIDE SUPPORT AT 4890-4866-4850.

 

 

9th November 2009.

IN THE LAST FEW TRADING SESSION VOLATILITY INCRESED DRAMETICALLY AND WILL RULE THE MARKET IN NEAR TERM SO ONE MUST BE READY FOR HUGE UP AND DOWN SWING. MORE FOR FII DECEMBER IS THE ACCOUNTING YEAR END AND SO WE MAY SEE SOME PROFIT BOOKING FROM THE FII. IN THE NEXT WEEK INDUSTRIAL PRODUCTION DATA AND HEADLINE INFLATION DATA WILL COME WHICH WILL DECTET THE MARKET TREND.

BSE SENSEX(16158): FOR TODAY RESISTANCE TO UP MOVE AT 16284-16434 AND DOWN SIDE SUPPORT AT 16002-15800.

S & P CNX NIFTY(4796): RESISTANCE UP MOVE AT 4838-4866-4900. AND DOWN SIDE SUPPORT AT 4744-4680.

6th November 2009.

 BSE SENSEX(16071): WE MAY SEE SOME MORE SHORT COVERING BEFORE WEEK END AND SENSEX MAY MOVE UPTO 16192-16258-16378. AND DOWN SIDE SUPPORT AT 15930-15800.

 S & P CNX NIFTY(4766): RESISTANCE TO UP MOVE AT 4800-4824-4850 AND DOWN SIDE SUPPORT AT 4744-4700.

WISHING U ALL VERY HAPPY TRADING DAY!

 

5th November 2009. 

as expected sharp short covering has taken sensex up more then 500 points and we have seen roller coaster ride one day 500 points up and one day down. Market is in extrem volatile mode only lion heart man can take same day trading call otherwise one must take rest and avoid huge long position. becautious and avoid to follow any rise because we will see huge profit booking at every rise as long term uptrend is broken and we will see down side only in coming days.

BSE SENSEX(15921):RESISTANCE TO BSE SENSEX IS AT 16002-16268 AND DOWN SIDE SUPPORT AT 15800-15600.

S & P CNX NIFTY(4711): RESISTANCE TO UP MOVE IS AT 4744 AND DOWN SIDE SUPPORT AT 4688-4650-4600.

 

4th November 2009.

 

Technical review for 4th November 2009.

LOOK SENSEX AND S&P CNX NIFTY ARE ALMOST AT OUR DOWN SIDE SUPPORT LEVELS OF 15280 AND 4530 YESTERDAY,3RD NOVEMBER 2009. AND FOR TODAY...

BSE SENSEX(15404): BSE SENSEX HAS EXCELLENT SUPPORT NEAR 15100-15000 RANGE AND I THINK THIS MUST BE HOLD FOR TIME BEING AND WE MAY SEE SOME SHORT COVERING WHICH WILL TAKE SENSEX UP TO 15646-15800-16002 BY WEEK END.

S & P CNX NIFTY(4563): DOWN SIDE SUPPORT AT 4530-4509-4480 AND RESISTANCE TO UP MOVE AT 4600-4650-4738.

WISHING U ALL VERY HAPPY TRADING DAY!

 

03rd November 2009.

ALL CRUCIAL SUPPORTS  BROKEN NOW  WITH HUGE VOLUME AND UPTREND FOR SHORTER TERM LOOKS ENDED NOW THOUGH WE MAY SEE SOME SHARP UP MOVE BUT I THINK IT WILL NOT SUSTAIN AND WE MAY SEE SHARP OFFLOADING OF SHARES AT EVERY RISE NOW.

BSE SENSEX(15896): FOR TODAY DOWN SIDE SUPPORT AT 15800-15600-15280 AND RESISTANCE TO UP MOVE AT 15928-16002-16318.

S & P CNX NIFTY(4711): DOWN SIDE SUPPORT AT 4650-4600-4575-4530 AND RESISTANCE TO UP MOVE AT 4748-4800-4850-4900.

 

30th October 2009.

Look what I said yesterday,`` Now watch bse sensex 15958 and s&p cnx nifty 4734. we expect sharp dead cat bounce from this level.?

And look what happened sensex turned back from 15993 and s&p cnx nifty from 4738, almost from our levels. I strongly believe that market will move up sharply from here any time.

Bse sensex(16052): Down side support at 15958 and resistance to up move ay 16332-16434 and 16600.

S & P cnx nifty(4751): Down side support at 4734 and resistance to up move at 4800-4850-4900-4930.

 

29th october 2009.

Now watch bse sensex 15958 amd s&p cnx nifty 4734. we expect sharp dead cat bounce from this level.

BSE SENSEX(16283): NOW TODAY IS F&O EXPIRY DAY AND WE THINK THIS SETTLMENT WILL END NEGATIVE ONLY.DOWN SIDE SUPPORT AT 16144-15958 AND RESISTANCE TO UP MOVE AT 16348-16434-16600.

S & P CNX NIFTY(4828): DOWN SIDE SUPPORT AT 4780-4734 AND RESISTANCE TO UP MOVE AT 4850-4900-4930.

28th october 2009.

BSE SENSEX(16353): OUR LOWER SIDE RANGE LEVEL VIOLATED WITH HUGE VOLUME SHARPLY AND CLOSED BELOW THAT SO AT PRESENT UPTREND DEFINATELY BROKEN AND MARKET LOOKS WEAK NOW. BUT BEFORE F&O EXPIRY SOME EXTREME MOVE MAY BE SEEN. NOW FOR TODAY CRUCIAL DOWN SIDE LEVELS TO BE WATCHED ARE 16340-16000. AND RESISTANCE TO UP MOVE AT 16600-16800. 

S & P CNX NIFTY(4847): DOWN SIDE SUPPORT AT 4800-4734 AND RESISTANCE TO UP MOVE IS AT 4900-4934.

27th October 2009.

AT PRESENT SENSEX(16600-17736) AND NIFTY (4900-5232) ARE STUCK IN THE NARROW RANGE. CROSSING AND CLOSING AND SUSTAINING EITHER SIDE OF RANGE, MARKET WILL BE HIGHLY VOLATILE IN THAT DIRECTION. But i still think 4900 nifty and bse 16434 will hold until F&O EXPIRY AND LAST VIOLENT UP SWING IS STILL NOT RULED OUT.

BSE SENSEX(16740): LOOK HOW MARKET IS BEHAVING AFTER ALMOST REACHING AT OUR TARGETED LEVELS.(BSE SENSEX HIGH 17493,OCTOBER 17th,`09).DOWN DOWN AND DOWN. NOW TODAY ALL EYES ON RBI MONETARY POLICY AND JUST 2 DAYS LEFT FOR F&O EXPIRY.

NOW FOR TODAY DOWN SIDE SUPPORT AT 16600-16434-16342. AND RESISTANCE TO UP MOVE AT 16802-17018.

S & P CNX NIFTY(4971): DOWN SIDE SUPPORT AT 4921-4900-4890. AND RESISTANCE TO UP MOVE AT  5002-5022-5055.

26th October 2009.

AT PRESENT SENSEX(16600-17736) AND NIFTY (4900-5232)STUCK IN THE NARROW RANGE.CROSSING AND CLOSING AND SUSTAINING EITHER SIDE OF RANGE, MARKET WILL BE HIGHLY VOLATILE IN THAT DIRECTION.

BSE SENSEX(16811):FOR TODAY RESISTANCE TO UP MOVE AT 16945-17000-17142-17200. AND DOWN SIDE SUPPORT AT 16800-16600.

S & P CNX NIFTY(4997): RESISTANCE TO UP MOVE AT 5022-5055-5088 AND DOWN SIDE SUPPORT AT 4980.

 

 

22nd OCTOBER 2009.

BSE SENSEX(17009): SENSEX HAS LOST CRUCIAL SUPPORT LEVEL AND WEKENED NOW. FOR TODAY DOWN SIDE SUPPORT AT 16922-16800 AND RESISTANCE TO UP MOVE AT 17198.

S & P CNX NIFTY(5064): DOWN SIDE SUPPORT AT 5050-5020-4982. AND RESISTANCE TO UP MOVE AT 5087-5118.

21st October 2009.

AT PRESENT SENSEX(16600-17736) AND NIFTY (4900-5232)STUCK IN THE NARROW RANGE.CROSSING AND CLOSING AND SUSTAINING EITHER SIDE OF RANGE, MARKET WILL BE HIGHLY VOLATILE IN THAT DIRECTION.

BSE SENSEX(17223):FOR TODAY DOWN SIDE SUPPORT AT 17126-16928 AND RESISTANCE TO UP MOVE AT 17362-17500.

S & P CNX NIFTY(5114): DOWN SIDE SUPPORT AT 5090-5077-5055 AND RESISTANCE TO UP MOVE AT 5182-5200.

 

20th October 2009.

AT PRESENT SENSEX(16600-17736) AND NIFTY (4900-5232)STUCK IN THE NARROW RANGE.CROSSING AND CLOSING AND SUSTAINING EITHER SIDE OF RANGE, MARKET WILL BE HIGHLY VOLATILE IN THAT DIRECTION.

BSE SEMSEX(17326): SENSEX IS REACHING AT OUR TARGETED LEVELS NOW SO WE ARE CAUTIOUS AT THIS JUNCTURE AND ADVISE TO AVOID ANY SPECULATIVE SHORTTERM BIG BUY. NOW FOR TODAY DOWN SIDE SUPPORT AT 17126-17000 AND RESISTANCE TO UP MOVE AT 17362-17500-17736.

S & P CNX NIFTY(5142): DOWN SIDE SUPPORT AT 5110 AND RESISTANCE TO UP MOVE AT 5184-5232.

17th October 2009

*****Wishing you all very happy diwali*****

0ne must remember this now :

The Sensex is up 7675 points or 79.55% in calendar year 2009 as on 8 October 2009. From a 3-year closing low of 8,160 on 9 March 2009, the Sensex is up 9162 points or 112.27% as on 16th October 2009. FII inflow in the calendar year 2009 totaled Rs 62,076.30 crore (till 7 October 2009). And there is optimism about Q2 September 2009 result after strong advance tax data and sustained buying by FII and global economy data suggesting a recovery in the economy after last year`s slowdown. But we strongly believe all this positive news are built in the current stock prices and we expect some up move from here only  if Q2 results are far beyond market expectation, otherwise we may see sharp decline from here in short term.

AT PRESENT SENSEX(16600-17736) AND NIFTY (4900-5232)STUCK IN THE NARROW RANGE.CROSSING AND CLOSING AND SUSTAINING EITHER SIDE OF RANGE, MARKET WILL BE HIGHLY VOLATILE IN THAT DIRECTION.

BSE SENSEX(17322): NOW FOR TODAY RESISTANCE TO UP MOVE AT 17362-17418-17736 AND DOWN SIDE SUPPORT AT 17140-17000-16800.

S&P CNX NIFTY(5142): RESISTANCE TO UP MOVE AT 5166-5200-5232 AND DOWN SIDE SUPPORT AT 5110-5087-5055-5000.

*****Wishing you all very happy diwali*****

16th October 2009.

BSE SENSEX AND S&P CNX NIFTY IS NOW VERY VERY CLOSE TO OUR SHORTERM TARGET LEVELS AND WE ADVISE ALL TO AVOID FRESH BUYING AT THIS JUNCTURE !

NOW FOR TODAY WTACH BSE SENSEX 17362 AND S&P CNX NIFTY 5166 VERY CLOSELY !

BSE SENSEX(17195): DOWN SIDE SUPPORT AT 17140-17000-16800 AND RESISTANCE TO UP MOVE AT 17366-17736.

 

S & P CNX NIFTY(5109); DOWN SIDE SUPPORT AT 5055-5000 AND RESISTANCE TO UP MOVE AT 5166-5200-5232.

 

Check what we have wrote on 29th Sept 2009 for shorterm:

?29th september 2009.

AS EXPECTED MARKET IS VOLATILE AND WE ARE STILL EXPECTING OUR TARGET OF 17736 AND S & P CNX NIFTY 5298 BEFORE DIWALI FESTIVAL BUT IN THIS UP MOVE I PERSONALLY AVOID FRESH BUYING AND ADVISE ALL SHORT TERM TRADERS TO BOOK PROFI AND ENJOY THE DIWALI VACATION.?

 

15th oct,2009

And now bse sensex and nifty are reaching very close to our shorter term targets of 17736 and 5298 respectively.

Bse sensex(17231): MARKET MAY REMAIN VOLATILE AND UP ONLY TILL MUHURAT SAUDA AND WE ARE HOPEFUL THAT OUR SHORTER TERM TARGET OF 17736 WILL BE ACHIVED.

NOW FOR TODAY RESISTANCE TO UP MOVE AT 17362 AND 17736. DOWN SIDE SUPPORT AT 17195-17000.

S & P Cnx Nifty(5118): Resistance to up move at 5166-5200-5232 and finally 5298. Down side support at 5110-5055.

14th OCTOBER 2009.

AT PRESENT SENSEX(16600-17200) AND NIFTY (4900-5100)STUCK IN THE NARROW RANGE.CROSSING AND CLOSING AND SUSTAINING EITHER SIDE OF RANGE, MARKET WILL BE HIGHLY VOLATILE IN THAT DIRECTION.

 

WE ARE AGAIN REACHING AT OUR UP SIDE RESISTANCE RANGE LEVELS WATCH THIS VERY CLOSELY.

 

BSE SENSEX(17027): NOW FOR TODAY RESISTANCE TO UP MOVE AT 17098-17200-17362 AND DOWN SIDE SUPPORT AT 16800.

S&P CNX NIFTY(5054): RESISTANCE TO UP MOVE AT 5088-5110-5168.AND DOWN SIDE SUPPORT AT 5022-5000.

12th 0CT0BER 2009.

LOTS OF EXCITING NEWS ON ECONOMIC FRONT AND ON RELIANCE GROUP WILL HELP MARKET TO TAKE SUPPORT NEAR 16568 BSE AND NIFTY AT 4890 AND WE MAY SEE SOME RECOVERY .

0ne must remember this that,

There is optimism about Q2 September 2009 result after strong advance tax data and sustained buying by FII and global economy data suggesting a recovery in the economy after last year`s slowdown. But we strongly believe all this positive news are built in the current stock prices and we expect some up move from here only  if Q2 results are far beyond market expectation, otherwise we may see sharp decline from here in short term.

AT PRESENT SENSEX(16600-17200) AND NIFTY (4900-5100)STUCK IN THE NARROW RANGE.CROSSING AND CLOSING AND SUSTAINING EITHER SIDE OF RANGE, MARKET WILL BE HIGHLY VOLATILE IN THAT DIRECTION.

BSE SENSEX(16643): NOW FOR TODAY DOWN SIDE SUPPORT AT 16564-16434 AND RESISTANCE TO UP MOVE AT 16802-16980-17082-17200.

S&P CNX NIFTY(5002): DOWN SIDE SUPPORT AT 4930-4890-4850 AND RESISTANCE TO UP MOVE AT 4966-5002-5022-5055-5110.

9th October 2009.

0ne must remember this now :

The Sensex is up 7196.23 points or 74.59% in calendar year 2009 as on 8 October 2009. From a 3-year closing low of 8,160.40 on 9 March 2009, the Sensex is up 8683.14 points or 106.4% as on 8 October 2009. FII inflow in the calendar year 2009 totaled Rs 62,076.30 crore (till 7 October 2009). And there is optimism about Q2 September 2009 result after strong advance tax data and sustained buying by FII and global economy data suggesting a recovery in the economy after last year`s slowdown. But we strongly believe all this positive news are built in the current stock prices and we expect some up move from here only  if Q2 results are far beyond market expectation, otherwise we may see sharp decline from here in short term.

AT PRESENT SENSEX(16600-17200) AND NIFTY (4900-5100)STUCK IN THE NARROW RANGE.CROSSING AND CLOSING AND SUSTAINING EITHER SIDE OF RANGE, MARKET WILL BE HIGHLY VOLATILE IN THAT DIRECTION.

BSE SENSEX(16844): NOW FOR TODAY DOWN SIDE SUPPORT AT 16800-16600 AND RESISTANCE TO UP MOVE AT 16978-17120-17200.

S&P CNX NIFTY(5002): DOWN SIDE SUPPORT AT 4964-4930-4900 AND RESISTANCE TO UP MOVE AT 5022-5055-5110.

WISHING U ALL VERY HAPPY TRADING DAY!

 

8th OCTOBER 2009.

There is optimism about Q2 September 2009 result after strong advance tax data and sustained buying by FII and global economy data suggesting a recovery in the economy after last year`s slowdown. But we strongly believe all this positive news are built in the current stock prices and we expect some up move from here only  if Q2 results are far beyond market expectation, otherwise we may see sharp decline from here in short term.

AT PRESENT SENSEX(16658-17200) AND NIFTY (4900-5100)STUCK IN THE NARROW RANGE.CROSSING AND CLOSING AND SUSTAINING EITHER SIDE OF RANGE, MARKET WILL BE HIGHLY VOLATILE IN THAT DIRECTION.

BSE SENSEX(16806): NOW FOR TODAY DOWN SIDE SUPPORT AT 16800-16568 AND RESISTANCE TO UP MOVE AT 16944-17148-17200.

S&P CNX NIFTY(4986): DOWN SIDE SUPPORT AT 4962-4900 AND RESISTANCE TO UP MOVE AT 5002-5035-5055-5110-5166.

7th October 2009.

There is optimism about Q2 September 2009 result after strong advance tax data and sustained buying by FII and global economy data suggesting a recovery in the economy after last year`s slowdown. But we strongly believe all this positive news are built in the current stock prices and we expect some up move from here only  if Q2 results are far beyond market expectation, otherwise we may see sharp decline from here in short term.

AT PRESENT SENSEX(16658-17200) AND NIFTY (4900-5100)STUCK IN THE NARROW RANGE.CROSSING AND CLOSING AND SUSTAINING EITHER SIDE OF RANGE, MARKET WILL BE HIGHLY VOLATILE IN THAT DIRECTION.

BSE SENSEX(16958): NOW FOR TODAY DOWN SIDE SUPPORT AT 16800-16620 AND RESISTANCE TO UP MOVE AT 17062-17200-17362.

 S&P CNX NIFTY(5027): DOWN SIDE SUPPORT AT 4990-4956 AND RESISTANCE TO UP MOVE AT 5055-5110-5166.

6th October 2009.

There is optimism about Q2 September 2009 result after strong advance tax data and sustained buying by FII and global economy data suggesting a recovery in the economy after last year`s slowdown. But we strongly believe all this positive news are built in the current stock prices and we expect some up move from here only  if Q2 results are far beyond market expectation, otherwise we may see sharp decline from here in short term.

AT PRESENT SENSEX(16658-17200) AND NIFTY (4900-5100)STUCK IN THE NARROW RANGE.CROSSING AND CLOSING AND SUSTAINING EITHER SIDE OF RANGE, MARKET WILL BE HIGHLY VOLATILE IN THAT DIRECTION.

BSE SENSEX(16866): NOW FOR TODAY DOWN SIDE SUPPORT AT 16800 AND RESISTANCE TO UP MOVE AT 16944-17200-17362.

S&P CNX NIFTY(5002): DOWN SIDE SUPPORT AT 4990 AND RESISTANCE TO UP MOVE AT 5028-5055-5110-5166.

 5th October 2009.

BSE SENSEX(17134):  There is optimism about Q2 September 2009 result after strong advance tax data and sustained buying by FII and global economy data suggesting a recovery in the economy after last year`s slowdown. But we strongly believe all this positive news are built in the current stock prices and we expect some up move from here only  if Q2 results are far beyond market expectation, otherwise we may see sharp decline from here in short term.

Now for today we expect some gap down opening as all global markets were closed sharply down and we were closed on Friday on account of Gandhi jayanti.

For today down side support at 17082-16943-16800 and resistance to up move at 17234-17288-17362.

S & P CNX NIFTY (5083):  Down side support at 5022-5000-4960-4930. Resistance to up move at 5120-5166.

WISHING U ALL VERY HAPPY TRADING DAY!

1st October 2009.

BSE SENSEX(17127): AS EXPECTED MARKET IS MOVING EXACTLY  IN UPWARD DIRECTION ONLY BUT WE WARN ALL TO BE CAUTIOUS AT EVERY RISE. NOE FOR TODAY RESISTANCE TO UP MOVEAT 17144,17172,17288 AND DOWN SIDE SUPPORT AT 17000-16944-16800.

S & P CNX NIFTY(5084): RESISTANCE TO UP MOVE AT 5104-5138-5166. AND DOWN SIDE SUPPORT AT 5055-5022-5000.

30th SEPTEMBER 2009.

BSE SENSEX(16853): AS EXPECTED MARKET OPENED HIGH AND CLOSED FIRM. NOW FOR TODAY WATCH DOWN SIDE SUPPORT AT 16800-16682-16482. AND RESISTANCE TO UP MOVE AT 16944-17078.

S &P CNX NIFTY(5007): DOWN SIDE SUPPORT AT 4960-4932-4900 AND RESISTANCE TO UP MOVE AT 5036-5055-5078.

29th september 2009.

AS EXPECTED MARKET IS VOLATILE AND WE ARE STILL EXPECTING OUR TARGET OF 17736 AND S & P CNX NIFTY 5298 BEFORE DIWALI FESTIVAL BUT IN THIS UP MOVE I PERSONALLY AVOID FRESH BUYING AND ADVISE ALL SHORT TERM TRADERS TO BOOK PROFI AND ENJOY THE DIWALI VACATION.

BSE SENSEX(16693):  THE CRCUCIAL DOWN SIDE SUPPORT AT 16628-16432 AND RESISTANCE TO UP MOVE AT 16834-16944-17042.

S & P CNX NIFTY(4959): THE CRUCIAL SUPPORT FOR THE NIFTY IS AT 4944-4904. AND RESISTANCE TO UP MOVE AT 5002-2036-5055-5068.

25TH SEPTEMBER 2009.

BSE SENSEX(16781): AS EXPECTED MARKET OPENED SHARPLY DOWN BUT MANAGED TO CLOSE  POSETIVE. BUT WE HAVE LOTS OF DOUBTS FOR IT`S STRENGTH NOW. ALL ASIAN, EUROPEAN AND AMERICAN MARKET ARE LOSING MOMENTUM NOW SO HAVE A CLOSE EYE ON THAT MARKETS ALSO. AVOID ATLEAST FRESH BUY NOW. 5% UP MOVE FROM HERE LOOKS ACHIVEABLE, BUT DOWN SIDE CUTS MAY BE MUCH MORE FROM HERE SO BE CAUTIOUS NOW AND TRY TO BOOK PROFIT AT EVERY RISE. WE ARE BULLISH FOR LONG TERM.

NOW FOR TODAY DOWN SIDE SUPPORT AT 16576-16494. AND RESISTANCE TO UP MOVE AT 16834-16944.

S & P CNX NIFTY(4987): DOWN SIDE SUPPORT AT 4932-4904. AND RESISTANCE TO UP MOVE AT 5022-5036.

 24th September 2009.

BSE SENSEX(16719): MARKET UNFOLDED AS EXPECTED VOLATILE AND PROFIT BOOKING SEEN AT EVERY RISE. AND SO SENSEX LOST GROUND AND CLOSED NEGATIVE AND WE BELIEVE THAT WE MAY SEE SOME SHARP DOWN SIDE IN COMING DAYS FOR SHORTTERM. NOW WATCH 17004 VERY CLOSELY AS UP SIDE SOLID RESISTANCE AND TRADE ACCORDINGLY. NOW FOR TODAY DOWN SIDE SUPPORT AT 16510-16434-16312.

S & P CNX NIFTY(4970): NIFTY HAS BROKEN ALL OUR DOWN SIDE SUPPORT YESTERDAY AND CLOSED BELOW IT AND DID NOT ABLE TO CROSS 5055 AND CLOSE ABOVE 5000. NOW WITH SL 0F 5002 GO SHORT FOR THE SHORTERM. NOW FOR TODAY RESISTANCE TO UP MOVE AT 5002-5022-5055 AND DOWN SIDE SUPPORT AT 4936-4908-4882.

23rd September 2009.

ARE WE HEADED TOWARDS OUR CRUCIAL TARGET OF BSE 17735 AND S&P CNX NIFTY 5298 BEFORE DIWALI????????/

BSE SENSEX(16886): NOW JUST TWO DAYS LEFT FOR SEPTEMBER SERIES F&O EXPIRY AND WE ARE WELL ABOVE CRUCIAL SUPPORT AND CLOSING HIGH AND HIGH EVERY DAY. TECHNICALLY TREND IS CAUTIOUSLY UP AND ANY CORRECTION IS GOOD FOR HEALTHY UP MOVE FOR FUTURE. NOW FOR TODAY DOWN SIDE SUPPORTA AT 16764 AND RESISTANCE TO UP MOVE AT 17022.

S & P CNX NIFTY(5020): RESISTANCE TO UP MOVE AT 5055 AND DOWN SIDE SUPPORT AT 5002-4980.

 18th September 2009.

LOOK , YESTERDAY SENSEX AND NIFTY BOTH HAVE ACHIVED OUR FIRST TARGET OF 16802 AND 5000. RESPECTIVELY.

BSE SENSEX(16711): ONE MUST READ EVERY SINGLE WORD AND STRICTLY FOLLOW THE TREND WHICH LOOKS UP BUT WE ARE CAUTIOUSLY BULLISH NOW, AS WE ARE VERY VERY CLOSE TO OUR TARGETS AND EXPECT SHARP CORRECTION FROM THAT LEVELS.HIGH DEGREE OF VOLATALITY WILL RULE THE MARKET BEFORE F&O EXPIRY NEXT WEEK.

NOW FOR TODAY MARKET MAY REMAIN RANGE BOUND TO NEGATIVE AND WE MAY SEE SENSEX TAKING SUPPORT NEAR 16628-16454-16206 AND RESISTANCE TO UP MOVE AT 16820-16925.

S & P CNX NIFTY(4966): SHARP RESISTANCE TO UP MOVE AT 5004-5022-5056 AND DOWN SIDE SUPPORT AT 4908-4890-4850.

17th September 2009.

BSE SENSEX(16677): As i said, i am cautiously bullish now and watch psychological 17000 and nifty 5000 mark very closely.

Now for today for sensex resistance to up move at 16802 & 17000. down side support at 16628-16504-16454-16120.

S & P CNX NIFTY(4958): The crucial support for the nifty is at 4908-4882-4850. and resistance to up move at 5001-5022-5056.

16TH September 2009.

bse sensex(16454): advance tax payment has given boost to move up  the market sharply. market trend still looks bullish but be cautious at every rise ,trade with trend but do not forget to keep stop loss to your every single fresh buy. One can hold their long term position. now for today resistance to up move at 16508-16628. down side support at 16120-16002.

S & P cnx nifty(4892): resistance to up move at 4908-4948. down side support at 4850-4780-4744.

15th September 2009.

Bse sensex(16214): AS EXPECTED MARKET OPENED NEGATIVE AND MOVED IN TIGHT NEGATIVE RANGE AND CLOSED WEAK, BUT  TREND STILL LOOKS UP ONLY. NOW FOR TODAY DOWN SIDE SUPPORT AT 16120-16002-15930. AND RESISTANCE TO UP MOVE AT 16458-16508.

S & P CNX NIFTY(4809): DOWN SIDE SUPPORT AT 4780-4744 AND RESISTANCE TO UP MOVE AT 4850-4890-4908. 

14th SEPTEMBER 2009.

BSE SENSEX(16264): SENSEX CREATING EVERYDAY THIS YEAR`s  NEW HIGH BUT WE ADVISE SOME CAUTION AT EVERY HIGH WE BELIEVE THAT SENSEX WILL MOVE  UP FROM HERE, BUT CERTAINLY WE MAY SEE SOME SHARP CORRECTION ANY TIME SOON.SO FOLLOW STRICT STOP LOSS TO YOUR FRESH BUY. NOW FOR TODAY DOWN SIDE SUPPORT AT 16248-16002-15868. AND RESISTANCE TO UP MOVE AT 16458.

S &P CNX NIFTY(4830): RESISTANCE TO UP MOVE AT 4850-4890-4908 AND DOWN SIDE SUPPORT AT 4800-4744-4720.

11th SEPTEMBER 2009.

BSE SENSEX(16217): THOUGH MARKET CLOSED POSETIVE WE BELIEVE ONE MUST BE CAUTIOUS NOW AND SHORTERM TRADERS MUST BOOK THEIR PROFIT AT EVERY RISE. NOW FOR TODAY DOWN SIDE SUPPORT AT 16002-15930. AND RESISTANCE TO UP MOVE AT 16458.

S & P CNX NIFTY(4819): THE CRUCIAL SUPPORT FOR THE NIFTY IS AT 4744. AND RESISTANCE TO UP MOVE AT 4850-4908.

10th SEPTEMBER 2009.

 BSE SENSEX(16184): AS EXPECTED SENSEX HAS MAINTAINED IT`S UP MOVE AND CLOSED ABOVE 16000 SECONDAY IN A ROW. NOW  FOR TODAY WATCH 16248 ABOVE THIS WE MAY SEE SOME SHARP UP MOVE UP TO 16458. DOWN SIDE SUPPORT AT 16002.

S & P CNX NIFTY(4814): RESISTANCE TO UP MOVE AT 4850-4908. DOWN SIDE SUPPORT AT 4782-4744.

9th SEPTEMBER 2009.

BSE SENSEX(16124): LOOK WHAT HAPPENED AFTER CROSSING 16064 ? IT HAS ALMOST ACHIVED OUR TARGET OF 16248. NOW FOR TODAY DOWN SIDE SUPPORT AT 16002-15930-15868. AND RESISTANCE TO UP MOVE AT 16248-16458.

S & P CNX NIFTY(4805): DOWN SIDE SUPPORT AT 4782-4744 AND RESISTANCE TO UP MOVE AT 4850-4908.

8th september 2009.

Bse sensex(16016): AS EXPECTED MARKET MOVED SHARPLY UP AND CLOSED AT 1YEAR HIGH. NOW FOR TODAY WE MAY SEE SENSEX MOVING UPTO 16068 AND ABOVE THIS WE MAY SEE IT MOVING UPTO 16248-16458. DOWN SIDE SUPPORT AT 15930-15868.

S & P CNX NIFTY(4783): RESISTANCE TO UP MOVE AT 4800-4850-4908. DOWN SIDE SUPPORT AT 4744-4690.

7th SEPTEMBER 2009.

BSE SENSEX(15689): ALL LOOKS EXCITING AND MARKETS ARE READY FOR BIG JUMP. NOW FOR TODAY RESISTANCE TO UP MOVE AT 15868-15943-16056. AND DOWN SIDE SUPPORT AT 15580-15356-15260.

S & P CNX NIFTY(4680): RESISTANCE TO UP MOVE AT 4744-4782. AND DOWN SIDE SUPPORT AT 4650-4580.

 4th SEPTEMBER 2009.

BSE SENSEX(15357): RSEISTANCE TO UP MOVE AT 15400-15580. AND DOWN SIDE SUPPORT AT 15212-15100.

S & P CNX NIFTY(4594): RESISTANCE TO UP MOVE AT 4650-4670 AND DOWN SIDE SUPPORT AT 4550-4530.

3rd SEPTEMBER 2009.

BSE SENSEX(15467): MARKET AGAIN STUCKED IN UPSIDE RESISTANCE ZONE OF 15100-15868.

NOW FOR TODAY DOWN SIDE SUPPORT AT 15392-15212 AND RESISTANCE TO UP MOVE AT 15620-15732.

S & P CNX NIFTY(4608): RESISTANCE TO UP MOVE AT 4650-4670-4736 AND DOWN SIDE SUPPORT AT 4620-4570-4530.

2nd september 2009.

BSE SENSEX(15551): AS EXPECTED SENSEX OPENED POSETIVE MOVED UP BUT DID NOT SUSTAINED AT HIGHER LEVEL AND BASKET SELLING DRAG THE SENSEX SHARPLY DOWN AND CLOSED NEGATIVE. NOW TODAY DOWN SIDE SUPPORT AT 15226-15052. AND RESISTANCE TO UP MOVE AT 15580-15620.

S & P CNX NIFTY(4625): THE CRUCIAL SUPPORT FOR THE NIFTY IS AT 4600-4530. AND RESISTANCE TO UP MOVE AT 4650-4670.

1st September 2009.

NOW FOR TODAY HAVE A CLOSE EYE ON BSE 15580 AND S&P CNX NIFTY 4650 IF THIS REMAINS INTACT TRADE LONG WITH STRICT STOPLOSS OF THIS LVELS.

 

  
     
     
 
Piplodwala Investment Consultants
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Disclaimer :
   The recommendation given herein do not constitute an offer to sell or a solicitation to buy any of the securities mentioned, though all proper care has been taken while presenting the data. No representations can be made that the recommendations contained herein will be profitable or that they will not result in losses. Readers using this information contained herein are solely responsible for their own action. Information given here is obtained from the sources deemed to be reliable, but is not guranteed as to accuracy and completeness. The recommendation made here do not reflect the fundamental validity of the script, but is based on the theory of Technical Analysis.
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