Showing posts with label market outlook. Show all posts
Showing posts with label market outlook. Show all posts
The Market continuously going down, Today it opened with a positive node and Nifty touch the level of 5562 mark but after then it fall back. Today Sensex closed at 18,209.52 with -222.73 down points or -1.21% down. And the Nifty closed at 5,487.75 with -59.05 negative points or down by -1.06%. And it will open in same manner tomorrow.
In Nifty technically the market is in a typically sideways zone with 5400 as a strong support zone to work with and 5560 as a strong resistance zone to work with.It is looking bearish in the coming trading session if it manages to trade below the support level of 5400 else above the resistance level of 5560 it would be bullish trend.
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The market has come in its form again today it has change its side gone up side and given result in green points, today Sensex closed at 19,078.30 with +351.33 up points or 1.88% positive. And the Nifty closed at 5,728.95 with +103.50 positive points or up by 1.84%.
On the other side in the Derivatives Nifty Futures: it closed with +104.35 positive points and settle at 5,741.00 up by 1.85%. So over all market was bullish today and it may start with same manner in next trading session.
After getting a good start of the market in starting of this week market has continuously given result in green points, today Sensex closed at 18,693.86 with +201.41 up points or 1.09% up. And the Nifty closed at 5,600.45 with +55.15 up points or up by 0.99%.
On the other side in the Derivatives Nifty Futures: it closed with +55.65 positive points and settle at 5,604.70 up by 1.00%. So over all market was bullish today and may start with same manner in next trading session.
In Nifty technically the market is in a typically sideways zone with 5510 as a strong support zone to work with and 5700 as a strong resistance zone to work with.It is looking bullish in the coming trading session if it manages to trade above the Resistance level of 5700 else below the Support level of 5510 it would be down trend.
RESISTANCE: It has first resistance close to the level of 5700 & above this level the next resistance is seen near the 5810 mark.
SUPPORT: It has first support close to the level of 5510 & below this level the next support is seen near 5430 mark.
After a huge fall of starting of the week now the market starting to recover from it and today Sensex closed at 17,550.63 with -9.67 down points or -0.06% down. And the Nifty closed at 5,278.30 with +2.45 up points or up by 0.05%. On the other side in the Derivatives Nifty Futures: it closed with +8.25 negative points and settle at 5,286.10 up by 0.16%. So over all market was bullish today except the BSE and may start with same manner in next trading session.
After facing huge bearish trend in last some trading sessions Nifty is now going to recover from that and continously next day it has given result in green points, and may possible that it will be up in next trading session.
As the Market showing ups and downs in last some trading sessions, It is not a right time to make a long term position. Trade in Intraday positions. We recommend that trade in small profit and trade in Intraday positions and if you get 30-50 points up that will be right time to put out your self from the market.
In Nifty technically the market is in a typically sideways zone with 5220 as a strong support zone to work with and 5370 as a strong resistance zone to work with.It is looking bullish in the coming trading session if it manages to trade above the Resistance level of 5370 else below the Support level of 5220 it would be down trend.
RESISTANCE: It has first resistance close to the level of 5370 & above this level the next resistance is seen near the 5450 mark.
SUPPORT: It has first support close to the level of 5220 & below this level the next support is seen near 5150 mark.
Today Sensex closed at 18,384.90 with -9.39 down points or -0.05% down. And the Nifty closed at 5,521.05 with -5.80 down points or down by -0.10%. On the other side in the Derivatives Nifty Futures: it closed with -7.85 negative points and settle at 5,522.00 down by -0.14%. So over all market was down today and may start with same manner in next trading session.
After facing a bearish trend in last trading session Nifty is going downside continuously and giving the result in red points. After joying the bullish trend at the start of week the market has shown its volatility. Today it was down by -5.80 points and at last shown result in red points. Overall the whole market was bearish today and may be start in same manner tomorrow.
As the Market showing ups and downs in last some trading sessions, It is not a right time to make a long term position. We recommend that trade in small profit and trade in Intraday positions and if you get 30-50 points up that will be right time to put out your self from the market.
In Nifty technically the market is in a typically sideways zone with 5440 as a strong support zone to work with and 5610 as a strong resistance zone to work with.It is looking bullish in the coming trading session if it manages to trade above the resistance level of 5610 else below the support level of 5440 it would be a down trend.
RESISTANCE: It has first resistance close to the level of 5610 & above this level the next resistance is seen near the 5640 mark.
SUPPORT: It has first support close to the level of 5440 & below this level the next support is seen near 5410 mark.
Top Gainers of Today - Steel Authority, NTPC, Axis Bank Ltd, L & T, Bharat Heavy Ele, Sesa Goa.
Top Losers of Today -Jaiprakash Associates, Ambuja Cements Ltd, Bharat Petroleum, ONGC, IDFC, SBI.
Today Sensex closed at 18,420.11 with +43.63 points up or up by 0.24%. And the Nifty closed at 5,532.05 with +15.30 points up or up by 0.28%.On the other side in the Derivatives Nifty Futures: it closed with +8.85 positive points and settle at 5,532.35 up by 0.16%. So over all market was bullish today and may start with same manner in next trading session.
After facing a bearish trend in last trading session it is a good start of market getting a position in green points. Today it up by +15.30 points and at last shown result in green points. Overall the whole market was bullish today and may be start in same manner tomorrow.
As the Market showing ups and downs in last some trading sessions, It is not a right time to make a long term position. We recommend that trade in small profit and trade in Intraday positions and if you get 30-50 points up that will be right time to put out your self from the market.
In Nifty technically the market is in a typically sideways zone with 5460 as a strong support zone to work with and 5600 as a strong resistance zone to work with.It is looking bullish in the coming trading session if it manages to trade above 5600 else below the 5460 it would be down trend.
RESISTANCE: It has first resistance close to the level of 5600 & above this level the next resistance is seen near the 5630 mark.
SUPPORT: It has first support close to the level of 5460 & below this level the next support is seen near 5430 mark.
Top Gainers of Today - Sun Pharma, Cipla, Dr. Reddy's Labs, Kotak Mahindra Bank, HDFC, Ranbaxy Labs.
Top Losers of Today -JaiprakashAssociates, Mahi. & Mahi, GAIL (India) Ltd, Hindalco Indus, ONGC, Bharat Petroleum.
Today Sensex closed at 18,376.48 with -117.70 down points or down by -0.64%. And the Nifty closed at 5,516.75 with -33.60 down points or down by -0.61%. On the other side in the Derivatives Nifty Futures: it closed with -24.65 negative points and settle at 5,533.80 down by -0.44%. So over all market was down today and may start with same manner in next trading session. After getting a good bullish trend in starting of this week Nifty is continuous going down. Today it fall by -41.65 points and at last shown result in red points. Overall the whole market was bearish today and may be start in same manner on Monday.
As the Market showing ups and downs in last some trading sessions, It is not a right time to make a long term position. We recommend that trade in small profit and trade in Intraday positions and if you get 30-50 points up that will be right time to put out your self from the market.
In Nifty technically the market is in a typically sideways zone with 5450 as a strong support zone to work with and 5620 as a strong resistance zone to work with.It is looking bearish in the coming trading session if it manages to trade below the support level of 5450 else above 5620 it would be a upward trend.
RESISTANCE: It has first resistance close to the level of 5620 & above this level the next resistance is seen near the 5660 mark.
SUPPORT: It has first support close to the level of 5450 & below this level the next support is seen near 5420 mark.
Top Gainers in Nifty :RelianceCommu.Ltd, Reliance Capital, L & T, Sesa Goa.
Top Losers in Nifty :HDFC, Hindalco, Axis Bank, Jaiprakash Associates.
Today Sensex closed at 18,503.28 with +271.22 positive points or 1.49% up. And the Nifty closed at 5,560.15 with +87.05 positive points or 1.59% up.
On the other side in the Derivatives Nifty Futures: it closed with +85.35 positive points and settle at 5,552.20 up by 1.56%.
So over all market was bullish today and may start with same manner in next trading session.After facing a huge bearish session in last week the nifty continuously showing its strength and giving result in green points. Overall the whole market was bullish today and continuously going up side.
As the Market showing ups and downs in last some trading sessions, It is not a right time to make a long term position. We recommend that trade in small profit. Trade in Intraday positions and if you get 30-50 points up that will be right time to put out your self from the market.
In Nifty technically the market is in a typically sideways zone with 5480 as a strong support zone to work with and 5670 as a strong resistance zone to work with.
It is looking bullish in the coming trading session if it manages to trade above Resistance level of 5670 else below 5480 it would be a down trend.
RESISTANCE: It has first resistance close to the level of 5670 & above this level the next resistance is seen near the 5710 mark.
SUPPORT: It has first support close to the level of 5480 & below this level the next support is seen near 5430 mark.
Today Sensex closed at 18,044.64 with +197.40 positive points or 1.11% up. And the Nifty closed at 5,412.35 with +63.40 positive points or 1.19% up.
On the other side in the Derivatives Nifty Futures: it closed with +63.10 positive points and settle at 5,412.55 up by +1.18%.
So over all market was bullish today and may start with same manner in next trading session. Overall the whole market was bullish today after facing a big fall of yesterday, at least after starting days the market shown the positivity Today.
As the Market showing ups and downs in last some trading sessions, It is not a right time to make a long term position. We recommend that trade in small profit. Trade in Intraday positions and if you get 30-50 points up that will be a right time to pull out your self from the market.
In Nifty technically the market is in a typically sideways zone with 5360 as a strong support zone to work with and 5510 as a strong resistance zone to work with.
It is looking bullish in the coming trading session if it manages to trade above Resistance level of 5510 else below 5360 it would be a down trend.
RESISTANCE: It has first resistance close to the level of 5510 & above this level the next resistance is seen near the 5600 mark.
SUPPORT: It has first support close to the level of 5360 & below this level the next support is seen near 5320 mark.
Today Sensex closed at 18,011.97 with +18.64 positive points or 0.10% up. And the Nifty closed at 5,394.85 with +8.30 positive points or 0.15% up.
On the other side in the Derivatives Nifty Futures: it closed with +10.45 positive points and settle at 5,393.90 or 0.19% up. So over all market is bullish today and may start in a same manner in coming trading session.
Overall the whole market was bullish after the Negative starting of the week and facing a bearish trend at the start of this week.
As the Market showing ups and downs in last trading sessions, It is not a right time to make a long term position. We recommend that trade in small profit.
Technically the market is in a typically sideways zone with 5350 as a strong support zone to work with and 5440 as a strong resistance zone to work with.
It is looking bullish in the coming trading session if it manages to trade above the resistance level of 5440 else below support level of 5350 it would be in a downward trend.
RESISTANCE: It has first resistance close to the level of 5440 & above this level the next resistance is seen near the 5520 mark.
SUPPORT: It has first support close to the level of 5350 & below this level the next support is seen near 5310 mark.
Today Sensex closed 18,086.20 with -51.15 negative points or -0.28% down. Nifty gone flat whole the day.
Today it close at 5,420.60 without any positive or negetive point.
On the other hand Nifty Futures, it closed at 5,423.00 with the -24.40 negative points or -0.45% down.
Technically the market is in a typically sideways zone with 5400 as a strong support zone to work with and 5535 as a strong resistance zone to work with, the market unfolded as expected and has closed right on dot 5440. now we are at Make or Break level and if it cracks now then next stop around 5400 or could just bounce back.
It is looking bearish in the coming trading session if it manages to trade below the support level of 5400 else above resistance level of 5540 it would be in an upward trend.
RESISTANCE: It has first resistance close to the level of 5540 & above this level the next resistance is seen near the 5625 mark.
SUPPORT: It has first support close to the level of 5400 & below this level the next support is seen near 5310 mark.
It is looking bearish in the coming trading session if it manages to trade below the support level of 5400 else above resistance level of 5540 it would be in an upward trend.
RESISTANCE: It has first resistance close to the level of 5540 & above this level the next resistance is seen near the 5625 mark.
SUPPORT: It has first support close to the level of 5400 & below this level the next support is seen near 5310 mark.
Starting the week with a negative bias, Today the Indian stock market ended near day`s low on Monday. Today the market closed down with the -45.75 negetive points or -0.83% in percent and settel at 5,499.00. Key indices were under pressure right through the trading session as the NSE Nifty was unable to stage a come back. Even a slight decline in the April monthly inflation numbers was unable to bring any cheer to the market amid fears that petrol price hike would eventually heighten inflation. Inflation for April decreased to 8.66% from 9.04% in March. Average expectation was for inflation to fall to 8.4%.
Barring, Pharma and Consumer Durables indices, all the other BSE sectoral indices ended in the red. The BSE Realty index was the top loser, down 1.5%, followed by BSE Metals index, which fell 1.4%. The BSE Banking index was down 1.25%. The Mid-Cap index and the Small-Cap index ended in the red, down nearly 0.8% each.
The market players are worried that the petrol price hike and an imminent revision in diesel prices shortly will add to the inflationary pressures, triggering more rate hikes from the RBI. A weak trend across global markets also weighed on the sentiment on local bourses today.
So the daily trend of the market is down The Market has a support at current levels where it may stay sideways. But as overall trend is still down, so the readers may stay away from the market and do not create any long positions till the trend remains down.
Barring, Pharma and Consumer Durables indices, all the other BSE sectoral indices ended in the red. The BSE Realty index was the top loser, down 1.5%, followed by BSE Metals index, which fell 1.4%. The BSE Banking index was down 1.25%. The Mid-Cap index and the Small-Cap index ended in the red, down nearly 0.8% each.
The market players are worried that the petrol price hike and an imminent revision in diesel prices shortly will add to the inflationary pressures, triggering more rate hikes from the RBI. A weak trend across global markets also weighed on the sentiment on local bourses today.
So the daily trend of the market is down The Market has a support at current levels where it may stay sideways. But as overall trend is still down, so the readers may stay away from the market and do not create any long positions till the trend remains down.
NIFTY LEVELS FOR TOMORROW-
Resistance Levels- 5600 - 5700 - 5750
Support Levels - 5400 - 5300
Here are some hot stocks which may give a good profit on Monday on the short term basis, just trade in these levels which are given below-
Tata Motors Ltd
Today closed at 1211.05 
with +24.05 (2.02%)
with +24.05 (2.02%)| Details | Technicals for | 16-05-2011 | |
| Open | 1193.60 | Resistance 3 | 1279.9 |
| Last close | 1187.00 | Resistance 2 | 1257.05 |
| Today's high | 1234.20 | Resistance 1 | 1232.85 |
| Today's low | 1187.15 | PP (Pivot Point) | 1210. |
| Volume | 2,004,128 | Support 1 | 1185.8 |
| 52-Week high | 1382.00 | Support 2 | 1162.95 |
| 52-Week low | 661.35 | Support 3 | 1138.75 |
South Indian Bank Ltd
Today closed at 23.50 with +0.30 (1.29%)
with +0.30 (1.29%)| Details | Technicals for | 16-05-2011 | |
| Open | 23.30 | Resistance 3 | 25.55 |
| Last close | 23.20 | Resistance 2 | 24.6 |
| Today's high | 23.65 | Resistance 1 | 24.05 |
| Today's low | 22.15 | PP (Pivot Point) | 23.1 |
| Volume | 1,853,226 | Support 1 | 22.55 |
| 52-Week high | 227.50 | Support 2 | 21.6 |
| 52-Week low | 115.10 | Support 3 | 21.05 |
Century Plyboards (India) Ltd
Today closed at 66.15 with +0.00 (0%)
| Details | Technicals for | 16-05-2011 | |
| Open | 65.10 | Resistance 3 | 74.96 |
| Last close | 66.15 | Resistance 2 | 71.18 |
| Today's high | 67.40 | Resistance 1 | 68.66 |
| Today's low | 61.10 | PP (Pivot Point) | 64.88 |
| Volume | 115,252 | Support 1 | 62.36 |
| 52-Week high | 75.90 | Support 2 | 58.58 |
| 52-Week low | 38.75 | Support 3 | 56.06 |
Here we have some suggestions for the stocks which can give you a good profit on next trading session-
HCL Technologies Ltd
Today closed at 519.00 with -3.85 or -0.7%
Details Technicals for 22-04-2011
Open 522.85 Resistance 3 536.7
Last close 522.85 Resistance 2 532.35
Today's high 528.00 Resistance 1 525.55
Today's low 516.85 PP (Pivot Point) 521.2
Volume 1,933,990 Support 1 514.4
52-Week high 455.50 Support 2 510.05
52-Week low 332.75 Support 3 503.25
Yes Bank Ltd
Today closed at 317.55 with -13.55 or -4.0%
Details Technicals for 22-04-2011
Open 331.50 Resistance 3 343.1
Last close 331.10 Resistance 2 337.3
Today's high 331.50 Resistance 1 327.3
Today's low 315.70 PP (Pivot Point) 321.5
Volume 4,922,478 Support 1 311.5
52-Week high 380.00 Support 2 305.7
52-Week low 220.00 Support 3 295.7
IDBI Bank Ltd
Today closed at 150.25 with +0.45 or 0.30%
Details Technicals for 22-04-2011
Open 150.05 Resistance 3 154
Last close 149.80 Resistance 2 153
Today's high 152.00 Resistance 1 151.5
Today's low 149.50 PP (Pivot Point) 150.5
Volume 3,518,585 Support 1 149
52-Week high 200.80 Support 2 148
52-Week low 105.80 Support 3 146.5
Market outlook on Nifty for 25th April ’11
The Market shows the good sign at the last of this trading session.The Nifty Closed at 5,884.70 With the +33.05 positive points or 0.56%. The S&P CNX Nifty closed at 5884.70, up by 33.05 or 0.56 %.
The Nifty futures closed and settled finally at 5901.60, up by 31 or 0.53 %. It looking bullish in the coming trading session if it manages to trade above the resistance level of 5950 else below support level of 5880 it would be in a downward trend.
RESISTANCE: It has first resistance close to the level of 5950 & above this level the next resistance is seen near the 6000 mark.
SUPPORT: It has first support close to the level of 5880 & below this level the next support is seen near 5765 mark.
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